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2019 2020 Tuition Fees Schedule

This document outlines tuition and fee rates for an international school in Tanzania. It provides the annual tuition costs by grade level ranging from approximately $14,900 to $30,800 per year. Additional fees include a $1,000 annual capital fee, $1,000 tuition deposit, and building fees of either $7,000 or $2,500 per year for three years depending on grade. New students also pay a one-time $100 alumni fee and $500 family deposit. Payments can be made in Tanzanian Shillings or US Dollars according to the policies specified.

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Shuaib Mohamed
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0% found this document useful (0 votes)
383 views3 pages

2019 2020 Tuition Fees Schedule

This document outlines tuition and fee rates for an international school in Tanzania. It provides the annual tuition costs by grade level ranging from approximately $14,900 to $30,800 per year. Additional fees include a $1,000 annual capital fee, $1,000 tuition deposit, and building fees of either $7,000 or $2,500 per year for three years depending on grade. New students also pay a one-time $100 alumni fee and $500 family deposit. Payments can be made in Tanzanian Shillings or US Dollars according to the policies specified.

Uploaded by

Shuaib Mohamed
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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United Nations Road

P.O. Box 2951


Dar-es-salaam, Tanzania
Phone: +255 658 228 883/5

Annual Tuition Only

In TZS (in millions)


(subject to change
Grades US$
depending on
exchange rate)

Early Childhood 1 - 2 34.57 14,900

Kindergarten
50.34 21,700
- Grade 5

Grade 6 - 8 58.23 25,100

Grade 9 - 10 61.94 26,700

Grade 11 & 12
71.46 30,800
(IBDP 1 & 2)

Current Exchange Rate 1 USD = 2,320 TZS

1. Payments in TZS are acceptable.


2. IST reserves the right to update the exchange rate from time to time depending on market conditions.
3. Should you wish to pay in TZS, please contact the billing department for banking information and exchange
rate rulling on the date of payment on the following e-mail address: [email protected]. OR you can call us at:
+255 684 228 882; +255 684 228 883; +255 22 215 2350 (Ext. 144 or 237)
4. Tanzanian nationals are encouraged to pay in TZS.
5. Foreign nationals are expected to pay in USD
6. These instructions apply to all forms of fee payment.

Other Fees in addition to annual tuition, excluding interest.

For a returning Student, For a new Student,


a Parent/Guardian pays: a Parent/Guardian pays:
TZS TZS
USD USD
(in millions) (in millions)
1000 2.32 Annual Capital Fee
Annual Tuition
Deposit (deductible
1000 2.32
from the 1st tuition
payment)
Building Fee - Grade
0 0
11 and 12
Option 1 - $7,000
16.24 payable fully in the year
of admission

Building Fee - Early Option 2 - $2,500


0 0 Childhood (EC) to payable annually for
Grade 10 three consecutive
5.8 years (full amount is
not payable if the child
leaves before the start
of year 2 or 3)

IST Fee Schedule 2019/20 p1


United Nations Road
P.O. Box 2951
Dar-es-salaam, Tanzania
Phone: +255 658 228 883/5

Other Fees in addition to annual tuition, excluding interest.

For a returning Student, For a new Student,


a Parent/Guardian pays: a Parent/Guardian pays:
TZS TZS
USD USD
(in millions) (in millions)
0 0 Alumni Fee 0.23 100
0 0 Family Deposit 1.16 500
0 0 Application Fee 1.16 500
Current Exchange Rate 1 USD = 2,320 TZS

1. Annual Tuition Fee - An Annual Tuition Fee shall be paid for each student for each year enrolled at the School.
Tuition Fees vary with grade levels as shown in the table above. The Tuition Fee covers operating costs, including
overheads, salaries and educational materials, workbooks, the use of textbooks and some extra-curricular
activities. It does not include certain items required for personal student usage, such as uniforms, transportation
to and from school, lunch and personal school supplies.
Late Admissions - New students entering after the School Year has commenced will be invoiced on a pro rata
termly basis. Fees shall be invoiced fully for the whole term if students begin classes during the first four weeks
of the term. From week five onwards, half of the term’s fees shall apply.
When a student is not attending at the beginning of the School Year or the beginning of a term despite
being enrolled, his or her seat can only be reserved if the student’s Annual Tuition Fee has been paid for the
concerning term. A seat can only be held for the school year under review. The seat held is neither transferrable
to another student nor automatically rolled over to the next School Year.
Early Withdrawals - In case students leave or release a seat being held during the School Year, the Annual
Tuition Fee shall be refunded pro rata from the moment the student leaves on the condition that the parents
of the concerning student have given the School a minimum of 4 weeks written notice before they leave. No
refunds shall be made for a term that has already started.
2. Annual Capital Fee – (non-refundable and non-transferable): This US$1,000 is in addition to the tuition fee
stated above. The Annual Capital Fee is levied as a contribution by the parents to cover the School’s capital
expenditures. All parents pay the full capital fee in the 1st installment irrespective of the payment plan selected.
3. Annual Tuition Deposit (non-refundable & non-transferable but deductible from the first tuition payment): A
fee of US$1,000 per child is due by April 11th, 2019 to ensure a seat for the next school year. A similar fee is payable
by new students enrolling during the course of the school year. This fee is deductible from the first tuition
payment. The deposit represents the family’s commitment to join the School. A student is re-enrolled in the
next year only when the current outstanding sum is cleared. If a family decides to withdraw the student(s) after
the payment of the Annual Tuition Deposit, the deposit shall be forfeited.
4. Building Fee
Grades EC1 to Grade 10:
Option 1 - $7,000 payable fully in the year of admission
Option 2 - $2,500 payable annually for three consecutive years (full amount is not payable if the child leaves
before the start of year 2 or 3).
Grades 11 and 12:
Fee of $7,000 payable fully in the year of admission.Building fee is neither refundable nor transferable. The fee
is assigned to the Building Reserve Fund, a School Reserve Fund that is specifically designed for major building
projects, land and/or property purchase, new construction, expansion and major infrastructure improvements.
Eligible parents may pay the building fee in installments (along with applicable interest) depending on the
payment plan selected.
5. Alumni Fee: (one-time payment per child enrolled): US$100 non-refundable Alumni Fee is payable on admis-
sion. This fee is administered by the School for Alumni outreach activities.
6. Family Deposit: US$500 payable upfront at the time of joining the School. This deposit is refundable, without
interest, at the time last child of the family leaves the School. The School reserves the right to adjust this
refundable security deposit against any amount due and outstanding from any fees, activity fee, library or any
other area, prior to refunding the deposit. Deposits unclaimed for over six years from the date of the last child
leaving School shall be transferred to the School’s Operating and Capital Reserve Fund.

IST Fee Schedule 2019/20 p2


United Nations Road
P.O. Box 2951
Dar-es-salaam, Tanzania
Phone: +255 658 228 883/5

7. Application Fee (non-refundable and non-transferable): A fee of US$500 per child is payable on submission of
an application. The Application Fee ensures the processing of the application for admission of a new student
or of a student returning after an absence of one year or longer. Completed applications will only be processed
after receipt of the Application Fee or upon submission of adequate proof of payment. Payment of the fee does
not guarantee that a child may be admitted. It is non- refundable & non-transferable if you decline our offer of
a place or withdraw your application. If you decide to leave a wait list and/or if IST is unable to meet the needs
of your child, you will receive a refund of US$350. The balance will be retained as a processing fee. If the applica-
tion is rolled over to the following year and you decide to leave a wait list, you will receive a refund of $200 ($150
processing fee per annum).

Guidelines and Terms for Payment of Fees and Refunds

1. All fees are based in US$ and are subject to change without notice.
2. All tuition fees are due by the dates indicated, unless other arrangements are approved by the Director. Follow-
ing the due date, late payment charges of US$25 per week are added to the student’s account and will continue
each week until the fees are made current.
3. Parents who select semester and termly payment plans but are not able to fulfill their installment payment obli-
gations may be required to shift to plans designated by the school management.
4. All dishonoured cheques incur a charge of US$100 and late payment penalties in addition to all bank charges
levied against the drawer.
5. Payments can be made by:
• Cash deposited directly to any one of the School’s bank accounts. Contact [email protected] for details of
the School’s preferred bank account. Please note that the School does not accept payment of school fees in
hard cash.
• Cheque deposited directly into one of the School’s accounts. Contact [email protected] for details of the
School’s preferred bank account. Alternatively, cheques may be presented to the Fees Office situated in
the Administration Building, Elementary Campus, Upanga or to the Fees office situated in the Admissions
Office, Secondary Campus, Masaki.
• Credit Card (this will attract an additional charge of 3.5% for VISA and 4% for MasterCard).
• In line with Bank of Tanzania regulations, all payments made in Tanzanian Shillings which are above
TZS.10M or United States Dollars US$10,000 should be transferred by Tanzania Interbank Settlement Sys-
tem (TISS).
6. When making payments directly to the School’s bank accounts, please provide IST with a copy of the bank or
wire transfer advice that will enable us to record and receipt your payments. Please note that IST is not respon-
sible for bank transfer charges or commissions. These if incurred by the School for incoming transfers/wires,
would be debited to parents concerned.
7. Payments made in Tanzanian Shillings, Sterling Pounds and Euros are converted into US Dollars at the internal
IST rates prevailing on the day the sums are receipted by the School and credited in the school’s bank account.
Though IST endeavours to align its internal conversion rates with those of the market, it shall not be responsible
for foreign exchange differences. To avoid exchange differences, parents are requested to contact the Fees De-
partment for the current day’s exchange rate on telephone nos. +255 684 228882 and +255 684 228883 (Exten-
sion 144 or 237) or on e-mail address [email protected].
8. Refunds for withdrawals under any plan will apply only to unattended terms after submitting a written notifica-
tion for withdrawal to the School at least four calendar weeks before the commencement of the new term(s). No
refunds will apply for partial completion of a term nor capital/portion portion of the fees. Refunds are calculated
on the basis of school days and shall apply to tuition fees only. Refunds shall be made by crossed cheques or
bank transfers. The School does not take responsibility for bank charges.
9. The School reserves the right to deny entry to pupils in arrears of fees.

IST Fee Schedule 2019/20 p3

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