Enrollment - For returning students: a completed Reservation Agreement and Enrollment Contract together with the appropriate Tuition Deposit must be received by 4:00 PM Friday, February 6, 2009 to reserve a space for you child during the following academic year. For new students: the enrollment date is Tuesday, April 7, 2009.
The Payment Schedules and Policies are printed in the Reservation Agreement and Enrollment Contract that each family signs. Below is a summary of the terms. Please refer to the Reservation Agreement and Enrollment Contract for the exact terms.
Tuition Payment Plan - The School offers three tuition payment plans as outlined below.
- Single Payment Plan - Payment of 100% of tuition plus all fees on or before June 1. Participation in the Tuition Refund Plan is strongly encouraged, but is not required, for this payment option.
- Two Payment Plan - The first Payment is comprised of 50% of tuition plus all Fees including the Administrative Fee, and the Tuition Refund Plan Premium on or before June 1. The second payment is comprised of 50% of Tuition, less Tuition Deposit paid, on or before December 31. Participation in the Tuition Refund Plan is mandatory for this payment option.
- Ten Payment Plan - Ten equal monthly payments each of 10% of the total of Tuition, all Fees including the Administrative Fee, and the Tuition Refund Plan Premium, with the first payment due May 1 and the last due February 1. Participation in the Tuition Refund Plan is mandatory for this payment option.
Please Note: Families selecting but not meeting the payment schedule of either the Single or Two Payment Plan will be automatically moved from the Single to the Two Payment Plan – or from the Two to the Ten Payment Plan – with the appropriate Administrative Fee (and Tuition Refund Insurance premium if necessary) added. Also, Late Fees of 1.5% per month (18% per annum) will be assessed on unpaid balances after the payment due dates.
In case of a check being returned for insufficient funds, a $25.00 fee will be assessed for each occurrence.
Non-refundability of Tuition Deposit and Tuition Fees - The Tuition Deposit and the annual Tuition and Fees are non refundable.
Cancellation of the Reservation Agreement and Enrollment Contract - The Reservation Agreement and Enrollment Contract may only be canceled in writing delivered to the Head of School at Stoneridge Children’s Montessori School, 290 Hale Street, Beverly, Massachusetts 01915 provided such written notice is received by the School on or before June 1. Any such cancellation will result in the forfeiture of the entire Tuition Deposit; owing to the School’s commitment to expenditures based on this Reservation Agreement and Enrollment Contract, any cancellation after June 1 and before August 1 will result in the family being responsible for 50% of the year’s tuition plus the Tuition Deposit; and any cancellation on August 1 or later will result in full tuition responsibility.
If, on or after to August 1, a student is absent, withdrawn, or dismissed from school for any reason whatsoever, the obligation to pay annual Tuition and Fees shall continue as though the student was enrolled and in attendance for the entire academic year. In view of this unconditional obligation, the Tuition Refund Plan is available to insure annual tuition in the event of absence or separation from the School in accordance with the terms of the plan.
Non-transferability of Tuition Deposit, Tuition and Fees - The Tuition Deposit and Fees are not transferable and will not be applied to another child's tuition, summer camp fees, or annual fund obligations and the like.
Tuition Refund Plan - The Tuition Refund Plan is available to all families. For parents and legal guardians selecting the Single Payment Plan, participation in the Tuition Refund Plan is optional. For parents and legal guardian selecting the Two Payment Plan or any multi-payment plan, participation in the Tuition Refund Plan is mandatory. A description of the Plan and terms and conditions of coverage are described in a brochure that all families receive with their enrollment contracts. Additional brochures and related information are available through the Business Office upon request.
Student Accounts in Arrears - The School may refuse to sign a contract with a parent and/or a legal guardian whose payments of tuition and fees are in arrears from a previous school year. The School will release a student's record only when the student’s account is paid in full. The School may also terminate student enrollment when there is a failure to pay tuition and fees.
