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Calendar Cover.ai - The Catholic High School of Baltimore

Calendar Cover.ai - The Catholic High School of Baltimore

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FINANCIALUpon enrollment and annual registration at TCHS, parents choose atuition payment plan and sign a promissory note for tuition and fees.Tuition PlansPLAN 1: ANNUAL Tuition and fees p<strong>ai</strong>d in full by June 1 will receive a3% discount. This does not apply when paying by credit card. Recipients<strong>of</strong> other discounts, <strong>ai</strong>d, grants or scholarships are not eligible. Tuition isp<strong>ai</strong>d via the FACTS Management Company.PLAN 2: SEMI-ANNUAL Tuition and fees are p<strong>ai</strong>d through FACTSManagement Company on the following dates: June 5 or June 20 (½ totaltuition and fees) and December 5 or December 20 (final ½ <strong>of</strong> tuition andfees). A $15 fee will be charged by FACTS upon enrollment.PLAN 3: MONTHLY For the 2012-2013 academic year, FACTSManagement Company will administer an 11-month payment plan. <strong>The</strong>costs for this plan are a) $41.00 fee charged upon enrollment, and b)required enrollment in the Tuition Refund Plan; the current premium is2.3% <strong>of</strong> all charges. As a courtesy, we will move or delay two debitsduring the 11 month contract year. After that there will be a $25.00administrative fee charged by the business <strong>of</strong>fice to move or delay adebit. All requests for delays or movements must be received in writingvia e-m<strong>ai</strong>l or letter no later than 5 business days (per your FACTScontract) before the debit is to take place.General Financial Policies‣ Effective with the Freshmen Class <strong>of</strong> 2016, enrollment, asspecified within the contract, may not be cancelled and all tuitionor fees p<strong>ai</strong>d are not refundable.‣ Checks returned for insufficient funds will carry a $30 feepayable to the school. Cash or money order will be required forall subsequent payments. <strong>The</strong> Business Office does not acceptpost dated checks.‣ A bulk payment will be accepted at any time to reduce monthlypayments incurred under Plan 3.‣ Tuition assistance (i.e. Financial Aid) must be applied foreach year.11‣ If a student transfers to another school during the year, tuitionassistance will also be withdrawn and tuition owed will reflectfull payments without further tuition assistance. Students mustmeet the criteria for tuition assistance each semester.‣ All tuition and fees must be current for students to be admittedfor the semester and to receive final course grades. Attendance atproms, formal dances, and participation in extracurricular eventsrequire current payments. All tuition and fees must be p<strong>ai</strong>d byApril 20 for event attendance after that date.<strong>The</strong> <strong>Catholic</strong> <strong>High</strong> <strong>School</strong> <strong>of</strong> <strong>Baltimore</strong> reserves the right to refuse toprovide any <strong>of</strong>ficial school record, including report cards and diploma toparent(s), students, or other educational institutions until all tuition, fees,and other financial obligations to TCHS are satisfied in full. Reregistrationfor the following academic year requires that tuition and feesare current.TCHS reserves the right to suspend a student for a period <strong>of</strong> up t<strong>of</strong>ive school days should the student’s financial account fall more than 30days past due. During the course <strong>of</strong> this suspension period, it is theresponsibility <strong>of</strong> the parent(s) or guardian(s) to contact TCHS and settlethe debt. This suspension may occur over an exam period in eithersemester. Exams are ordinarily required to receive credit for coursestaken at TCHS. <strong>The</strong> student will be withdrawn if financial obligationshave not been met at the end <strong>of</strong> the five-day suspension period.TCHS will consider requests for exceptions to this rule on anindividual basis only for extraordinary circumstances.<strong>The</strong> Finance Committee <strong>of</strong> the Board <strong>of</strong> Trustees will <strong>ai</strong>d in thearbitration <strong>of</strong> cases upon request for exception.TUITION ASSISTANCE AND SCHOLARSHIPS<strong>The</strong> <strong>Catholic</strong> <strong>High</strong> <strong>School</strong> <strong>of</strong> <strong>Baltimore</strong> <strong>of</strong>fers tuition assistance toqualifying students. Excluding scholarships, tuition assistance is awardedyearly based on financial need and must be applied for each year.Financial applications are processed by a third party provider in thewinter <strong>of</strong> each year for the following academic year. Once awarded, theassistance is divided equally over the number <strong>of</strong> months selected in yourpayment plan. Students who are withdrawn or dismissed from schoolduring the school year will forfeit the pro-rated balance <strong>of</strong> the tuitionassistance originally awarded.

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