Administration Fee (non-refundable)
A $250 non-refundable administration fee is required upon initial registration. Only payment of the first tuition instalment secures a place for the next academic year.
Development Fee (non-refundable and due on admission)
A non-refundable $2,000 development fee is required per each successful admission or re-admission with an absence of five years.
A Technology fee for Primary (Pre-K through Year 6) and High School (Years 10 through 13) will be levied at $100 per student per year and a Technology fee for Middle School Years 7 through 9 will be levied at $250 per student per year. The LIS will provide individual laptops for the use of every student in Middle School.
Guidelines regarding payment of fees
All tuition fees are due by the published dates unless other arrangements have the written approval of the Headmaster. Fees for temporary enrolment are payable in advance. Following the due date the school charges an administrative fee of $50 and a late fee currently set at 1.5% of the outstanding balance per month. Where fees remain unpaid after 30 days further attendance of students shall be denied unless their continued attendance has specific board approval. Reports and school records will be withheld pending full payment on any outstanding accounts. Uniform costs are borne by parents but all school and library books are provided at no additional charge. Field trips, external examinations, damaged, lost or overdue books and the yearbook are not included in the tuition.
Discounts & Payments
LIS provides a family discount when there are three or more siblings simultaneously enrolled at LIS. The discount is given to the child with the lowest fees and is calculated as 10% on the third, 20% on the fourth and 30% on the fifth and any subsequent siblings. Students in receipt of the sibling discount are not eligible for any other discount.
A 5% discount will be allowed for annual fees (see 'Tuition Payment Plan 1') paid in full by June 1st, 2014 for the academic year 2014-2015.
Instalments should be made payable to Lucaya International School account number 200-497-594 at FirstCaribbean Bank; please present a receipt of payment to the school office. Cheques will be accepted at the school office but under no circumstances will cash be accepted. Online payment arrangements for FirstCaribbean Bank account holders can be made upon request. Please add 1% for payments in US$. Any refunds will be payable in B$. Please contact the Finance office at (242) 373-4004 for overseas wire transfer information.
Tuition Payment Plan 1
Annual payment in advance (inclusive of 5% discount).
|YEAR LEVEL||ANNUAL FEE|
|Year 1 – 6||$8,740.00|
|Year 7 – 9||$11,210.00|
|Year 10 –11||$13,203.00|
|IB1 and IB2||$13,613.50|
|Full Payments due by 1st June or at initial enrolment.|
Tuition Payment Plan 2
Payment in five equal instalments.
|YEAR LEVEL||FIVE EQUAL INSTALMENTS OF||ANNUAL FEE|
|Year 1 – 6||$1,840||$9,200|
|Year 7 - 9||$2,360||$11,800|
|Year 10 –11||$2,780||$13,900|
|IB1 and IB2||$2,866||$14,330|
Payment Dates for 2014-2015
|INSTALMENT NUMBER||PAYMENT DATE|
|1||By 1st June 2014|
|2||1st September 2014|
|3||1st November 2014|
|4||1st February 2015|
|5||1st April 2015|
י Refunds for tuition can be made in accordance with LIS policy 3.3.4 in unavoidable circumstances. These circumstances include non-renewal of work permits, family emergencies or contract termination that necessitates permanent family departure from Grand Bahama but specifically exclude removal to another school on the island or temporary absences overseas.