Tuition

2008-2009 Tuition & Fees

The following figures do not include curriculum and activity fees or Early Enrollment discounts. For more information on these figures, please see the appropriate section on this page.

		MEMBERS:			NON-MEMBERS:
Grade Level	Annual	Semi-annual (2 payments)	10-Month (10 payments)	Annual	Semi-annual (2 payments)	10-Month (10 payments)
Kindergarten	$3705	$1905	$395	$4005	$2055	$440
Grades 1-6	$4450	$2300	$485	$4950	$2550	$530
Grades 7-8	$4650	$2400	$505	$5175	$2660	$555
Grades 9-12	$4755	$2450	$515	$5280	$2715	$565

ANNUAL FEES

Annual fees partially cover the cost of books, resource materials, instructional & classroom materials, instructional & classroom equipment, classroom supplies, field trip transportation, and class/school activities & events. All fees are non-refundable and must be included with the first payment.

Grade Level	Curriculum	Activity	Total/Fees
Kindergarten	$225	$75	$300
Grades 1-6	$225	$175	$400
Grades 7-12	$300	$200	$500

DISCOUNTS FOR ADDITIONAL CHILDREN

Families with multiple children will receive the following discounts off their tuition charges:

	MEMBERS*	NON-MEMBERS
2^nd Child:	7% discount	5% discount
3^rd Child:	12% discount	10% discount
4^th Child:	15% discount	15% discount

*Indicates active membership with Life Changers International Church and completion of the membership class.

Payment Information

1. Enrollment Deposit: A $100 Enrollment Deposit is required upon acceptance in order to secure your child’s place at Valeo Academy. This deposit will be credited towards annual fees. Should you choose to withdraw your child from Valeo Academy after his/her place is secured, the deposit will not be refunded. Delays in paying the enrollment deposit may result in losing your spot at Valeo Academy to another family.

2. Annual Plan: Payment is due in the administrative office on Wednesday, August 20, 2008 by 5:30pm. Please note that for any payments received after that time, the annual plan discounted tuition will be forfeited, and families will be charged the 10-month tuition for their child’s grade level. Those who qualify for late enrollment status must have payments in the office by the child’s first day of school. Should payment not be made at that time, the annual plan discounted tuition will be forfeited, and families will be charged the 10-month tuition for their child’s grade level.

3. Semi-Annual Plan: Payments are due in the administrative office on Wednesday, August 20, 2008 and Tuesday, January 20, 2009 by 5:30pm. For any payments received after that time, the semi-annual plan discounted tuition will be forfeited, and families will be charged the 10-month tuition for their child’s grade level. Those who qualify for late enrollment status, must have payments in the office by the child’s first day of school. Should payment not be made at that time, the annual plan discounted tuition will be forfeited, and families will be charged the 10-month tuition for their child’s grade level.

4. 10-Month Payment Plan: Those on the 10-Month payment plan will make their first payment directly to Valeo Academy. This payment is due on Wednesday, August 20, 2008. All fees must be included with the first payment. Remaining monthly payments will be made through FACTS Tuition Management.

5. Scholarships: A limited number of need-based scholarships will be available for the 2007-2008 school year. For more information and to apply, please contact the office of Valeo Academy at 847-645-9300.

6. Credit Card Payments: Credit card payments are accepted at Valeo Academy; however, a 3% merchant fee of the total amount charged will be added to each payment.

FINANCIAL POLICIES

1. Financial forms: Families are required to complete both the Valeo Academy Financial Agreement, and the FACTS Payment Preference Form for admittance to Valeo Academy classrooms.

2. Release of Records: All Valeo Academy accounts must show a monthly zero balance for any grades, progress reports, or report cards or school records to be released. Please note that students transferring to other schools will not have their records released to that school until accounts with Valeo Academy are current – no exceptions.

3. FACTS tuition payments: It is expected that monthly payments will be made according to the scheduled FACTS agreement. Valeo Academy understands, however, that unforeseen circumstances can occasionally occur. Should a need for a deferred payment arise, a change to that month’s FACTS payment may be requested by a family. All requests for changes to a FACTS payment must be made to the Valeo Academy office by filling out a Payment Change Form, no later than 2 weeks before the scheduled payment date. Only official FACTS payment change forms will be accepted (phone requests will NOT be honored) and must be accompanied with a brief written explanation stating the reason for the change. Families will be notified by the Valeo Academy Business Office regarding the status of their request.

Please note that no more than two requests per family per school year will be considered. Deferred payments will be treated as late payments and will delay the release of progress reports, report cards, and school records.

4. Past-due accounts: Students with accounts 60 days past-due will not be allowed to return to school until accounts are paid.

5. Unauthorized payment on FACTS ACH Transactions. Should an unauthorized withdrawal be placed on your account for a scheduled tuition withdrawal, thereby preventing the withdrawal of tuition, students will not be allowed to return to class until the scheduled tuition payment is made and the account is released for ACH withdrawals. A $25 reactivation fee will be added to your account to reactivate the tuition agreement.

6. Fees: Curriculum and Activity fees must be paid with the first (August) tuition payment, are non-refundable, and all textbooks must be returned in good condition at the end of the school term or upon withdrawal. These fees partially cover the purchase of curriculum for a student, resource materials, instructional & classroom materials, instructional & classroom equipment, classroom supplies, field trip transportation, and class/school activities & events. Books must be returned to Valeo Academy for future use. Replacement costs for any books not returned or returned in non-usable condition will be billed to the parents.

7. Unresolved Balance Fees: Any unresolved balances older than 30 days will incur a $30 charge. Any fees due to Valeo Academy older than 30 days (After Care, Field Trip, Hot Lunch, etc.) will be added to the current FACTS balance.

8. Insufficient Funds: Any insufficient funds checks or charges will be charged a $25 processing fee. Students will not be allowed to return to class once the school is notified of an insufficient funds payment until the account is cleared.

9. Please do not place Valeo Academy payments in the church offering buckets. Payments placed in the Life Changers Church offering during services will not be credited to Valeo accounts.

10. Withdrawal: Once commitment to a school has been made, it is understood that commitment will be honored for its duration. Any withdrawals after the start of the school year must be made by filling out a Withdrawal from Enrollment form and delivering it to the Admissions Office no later than the day of withdrawal. Students will be considered and treated as active (and accounts will continue to be charged tuition and late fees) until a withdrawal from is completed. Failure to complete this form may result in additional administrative charges to the family.

11. No refunds for withdrawal, whether voluntary or involuntary, will be given after the first day of classes – no exceptions. Those on the 10-month payment plan will be charged an additional one month’s tuition regardless of the day of withdrawal.

12. Students who are asked to leave Valeo Academy for any reason will fall under the same financial category as withdrawn students.

13. Past-due accounts for withdrawn students must be settled immediately. All balances on withdrawn students’ accounts are expected to be paid within 60 days. Any accounts not settled by that time will incur an additional $10 fee for every week the balance is not paid. If the involvement of a collection agency for any account becomes necessary, any resulting additional fees incurred by the school will be charged to the family.

Enrollment at Valeo Academy requires agreement to and compliance with its financial policies.