Fees & Tuition
The ISF Academy is a non-profit Private Independent School that receives no Government subsidies for its daily operations. School fees mainly support the high teacherstudent ratio and provide what The ISF Academy deems as the best education for its students. Tuition, however, only covers part of the cost of educating a student at The ISF Academy. The difference is made up through donations from parents and friends of The ISF Academy.
An Admissions Deposit must be paid to secure a child’s placement. The deposit is equal to 10 percent of the Annual Tuition (which will be credited towards the total tuition). The Admissions Deposit is not refundable if the student decides at a later date not to attend the school. The deposit should be paid with a "crossed" check made payable to "The Independent Schools Foundation Academy Limited".
ANNUAL TUITION FEES
For the 2016-17 academic year, the Annual Tuition, payable in 10 equal installments via bank autopay, is as shown below. The first installment for new students is made as part of the Admissions Deposit and subsequent installments, for those paying by bank autopay, will be paid on the first bank working day of each month from October to June of the following year. The installments for existing students on bank autopay are made on the first bank working day of each month from September to June of the following year.
|Primary School||Foundation Year to Grade 5||HK$167,530*|
|Secondary School||Grade 6 to 10||HK$194,640*|
|Grade 11 and 12||HK$211,590*|
* Tuition Fees are non-refundable and subject to change for each new academic year.
CAPITAL CONTRIBUTION SCHEME FOR 2016-17 ACADEMIC YEAR
The Capital Contribution Scheme was established by The Independent Schools Foundation Limited to allow the Foundation to access funds for capital improvements, such as new buildings and equipment, and enhancements to the school environment and the establishment of learning programs. Each new student is required to pay a capital contribution on a "crossed" check payable to "The Independent Schools Foundation Limited" within the deadline stipulated on the Acceptance Letter in one of the three ways described below.
The General Capital Levy
The General Capital Levy for the 2016-17 academic year is a one-off lump sum of HK$200,000. It is noninterest bearing, non-transferable and HK$100,000 of it is refundable (less any outstanding fees or costs incurred by the student) to the Contributor six years after the commencement date of the student’s first academic year in the school, or three months after the date on which the student ceases to study at any school operated by the Foundation, whichever date is the later. The remaining HK$100,000 is nonrefundable.
The Annual Capital Levy
The Annual Capital Levy for 2016-17 is HK$45,000 for the first year and HK$30,000 per year for second and subsequent years. It is non-interest bearing, non-transferable and non-refundable and subject to annual adjustment at the discretion of the Foundation.
The Capital Note
A Capital Note is non-interest bearing, nonrefundable and fully transferable one year after the date of issuance of the Capital Note Certificate or three months after the date on which the Nominee ceases to be a student of The ISF Academy, whichever is later. The most recent tranche of Capital Notes was launched with a face value of HK$6,500,000 in March 2015 and is fully subscribed. The face value is subject to change for further launches.
The transfer price of the Capital Note will be determined by the Noteholder and the transferee of the Capital Note, subject to the approval of the Foundation and upon payment of a transfer fee to the Foundation. In addition, any profit derived from the transfer of the Capital Note will be shared between the Noteholder and the Foundation on an equal basis.
Requests for Capital Notes are processed on a first-come-first-served basis. Interested parents may purchase a Capital Note from current holders or submit an Indication of Interest Form to The Finance Office by fax: 2235 4483; or email email@example.com; or post. Indications of interest will be placed on our waiting list for Capital Notes.
Non-refundable application fee of HK$1,000
Experiential Learning Programs (ELP1 and ELP2) and overseas excursions
Co-Curricular Activities Course Fees for selected courses. Enrollments in these courses are optional
Grade 11 and 12 students: Textbooks, IB DP registration and subject fees.