Tuition and Fees Payment Schedule for
2015-2016
Annual Tuition
ISP tuition rates will be as follows:
PK3
PK4 - Grade 5
Grades 6-8
Grades 9-12
USD
USD
USD
USD
7,040.00
11,320.00
12,440.00
14,040.00
The costs of textbook rental, workbooks, and other consumable instructional materials are covered by the tuition payment. Exceptions
to this list may include special materials requested for certain subjects.
New Students
Application Fee:
All Applicants
USD 250.00
This fee is designed to cover the cost of processing applications, and evaluations when necessary. This non-refundable fee must be paid
when the application is submitted.
Capital Donation:
PK3 – 12
USD 11,000.00
To fund the capital development of the School, each new student will be required to make a one-time, tax-deductible (in Panama) capital
donation. All revenue from the capital donation will be reserved for use in the capital budget of the School. This non-refundable fee must
be paid by separate check for all new students within ten days of official admittance into the school.
Note: For new PK-3 students the total of USD11,000 capital donation may be paid in two installments, USD5,500 upon admission
and USD5,500 will be due when entering PK4.
Building Fee:
PK4 – 12
USD 500.00
To help subsidize the rest of the Master Plan development of the school, and as a complement to the Capital Donation, all
students except for PK-3 will be assessed this annual fee. The Building fee is due in full at the time of enrollment and is not
prorated regardless of enrollment date.
Registration Fee:
PK3 – 12
USD 750.00
This fee is paid upon admission. The Registration Fee is due in full at the time of enrollment and is not prorated regardless of enrollment
date.
New students admitted to ISP before the beginning of the second or fourth quarter will be charged tuition for the entire semester
(equivalent to 2 quarters), the capital donation and other applicable school fees. Students admitted in the second or fourth quarter will
pay the tuition for that quarter, the capital donation and other relevant fees. Both will then be billed as other students for subsequent
semesters.
If a student qualifies for admission and there is an available space, the school may agree to reserve a seat for no more than one semester.
To reserve a space for a new student, payment must be made for the Capital fee, registration fee and the current semester of tuition.
This payment is non-refundable. Reservations cannot be made for more than one semester in advance.
Other General School Fees for New & Returning Students
Institutional Fee: USD2,700.00 per student
As a means to accommodate and better serve the needs of more transient families, an annual per-student institutional fee to
subsidize the operating costs associated to running an international school is assessed.
This fee is applicable to families with students whose educational benefits are paid directly/indirectly, reimbursed fully or partially
by their employers, embassies, banks, corporations or other organizations or are included in their remuneration package. This fee
is due upon acceptance or at the time of re-inscription. Students on this category, as established in the admissions policy, have
priority for admissions.
For all students applying to ISP, parents will be required to complete, as part of the application process, the Institutional Fee
Declaration, in which they will indicate if their employer is responsible fully or partially for school fees.
For returning students, the Institutional Fee Declaration will be required to be completed every year as part of the re-inscription
process. Re-inscription will not be processed unless all required information and documents are submitted.
The institutional fee will apply in full for partially or fully subsidized students.
Selective Student Fees for Special Services and Events
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4.
EAL Fee: The goal of the EAL program is to give non-native English speakers special assistance in learning the language
skills needed to perform successfully in the regular ISP classroom environment. For students requiring this special service
an additional school fee of USD500.00 per semester is assessed. This fee will be charged at the beginning of each
semester in which the additional EAL services are provided.
Learning Support Program Fee: The Learning Support Program at ISP is based on the philosophy that individuals vary in
their learning styles, level of ability, pacing needs, motivation, and interests. Student needs are met through
differentiated instruction and clearly defined expectations appropriate to their level. For students requiring direct service
learning support an additional school fee of USD500.00 per semester is assessed. This fee will be charged at the
beginning of each semester in which the additional Learning Support services are provided.
Musical Instrument Fee: Students using a school instrument will be assessed a fee of USD20.00 per semester. The musical
usage fee will defray costs for maintenance and eventual replacement of school instruments. Additional costs may result
from the need to purchase items such as reeds and valve oil not covered in the usage fee. Replacement for any
instrument or accessory lost, broken, or stolen will be the responsibility of the family.
International Baccalaureate (IB) Fees: Students in the eleventh and twelfth grades, who choose to enroll in the IB
Program, will be assessed separate IB program fees. These fees are payable through the school and are collected over a
two-year period.
Students Withdrawal
Students withdrawing from the School will be charged the applicable tuition due through the last semester in which they attend
any classes.
Re-Admissions Fee
Families with returning students who, for reasons of relocation or to attend another school, have voluntarily withdrawn for a
period of three (3) years or less will be assessed a readmission fee. This fee is equal to 35% of the Capital Donation amount
existing at the time of readmission. The readmission fee is subject to the same rules and regulations as a Capital Donation. For the
2015-2016 Academic Year the re-admissions fee will be USD3,850.00. Any outstanding debts to the School must be settled in full
before a student can be considered for readmission.
Students who are re-enrolled after an absence exceeding three years will be charged the full Capital Donation upon readmission.
Collection of Accounts
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2.
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Discounts for Advance Payment: Fees are due quarterly (Aug. 12, Oct. 7, Jan. 18, and March 31). Tuition payment for the
entire 2015-2016 academic year received before the beginning of the first semester will be credited with a discount of
USD150.00. If for any reason the student should then withdrawn from school during the school year, parents or the
company may apply for a refund of the tuition for any semester in which the student has not attended classes. For such
refunds, a service fee of USD100.00 will be charged.
Penalties for Delinquent Payments: To offset the additional administrative costs that arise from delinquent payments, an
administrative charge will be levied on all payments not settled by the due date (please see procedure below). At the
discretion of the administration attendance may be suspended until a delinquent payment is resolved.
Procedures for Payment and Collection of Tuition and Fees:
 Invoices for the subsequent school year will be sent to parents in July. These invoices will define payment policies
and the respective dates for payments.
 It will be the parent’s responsibility to assure that payments are made by the respective due dates. If payment is
made by an organization, it will still be the parent’s responsibility to assure that the payment is made on time.
 As a courtesy, the School will send out reminder invoices for each quarter to those parents that have not paid in
advance. These invoices will be sent at least three weeks prior to the due date.
 If payment is not received by the due date, the business office will contact the parent to request that the bill be
settled. There will be a charge of USD20.00 late fee.
 If payment is more than a month delinquent, the School will make a second reminder call and an additional
USD50.00 late fee will be added to the invoice.
 Should payments become delinquent by more than one month, or if late payments become chronic, the
Administration is authorized to immediately suspend attendance of the student until the payment is made or a
contractual agreement is made between the parent and the School.
Payment Methods

Payment Booklets: These are standard payment booklets. Each booklet is numbered to coincide with your
children’s account number. Payments are made directly at any of the Banco General branches.

On-line Banking: If you have a current account with Banco General you can access their web site
(www.bgeneral.com) and make your payments accordingly. Please contact our School Business Office for further
details (student account number, etc.)

Payment made directly at the school through check only.

Payment made through an international wire transfer. Please contact our School Business Office for details.
Bus Transportation
The School does not provide transportation, but will provide transportation information upon request. All questions should be directed
to the Business Office. Financial arrangements for bus transportation will be made between the parent and the bus company.