Financial Terms and Conditions

September 2010 – July 2011
Reception, Years 1 + 2
4 - 6 years £3770 per term
Years 3 - 6
7 - 10 years £4345 per term
Middle/Upper School
11 - 18 years £4545 per term

All above fees include Pupil's Personal Accident Insurance Scheme premium.

LUNCHES (optional)

Reception and Years 1+ 2 £140 per term
All others £173 per term

Single lunches £ 3.75/day

Possible additional extras:

Lower School

Camps (and some trips)
Musical Instruments Text books / specialised materials Examination Fees

Middle / Upper School

Camps and school trips
Text books / specialised materials
Examination Fees

Fees are due by the first day of term and in accordance with the published terms and conditions of place acceptance, the school reserves the right to charge interest on overdue accounts.

FEE DEPOSIT
When a place is accepted a deposit equivalent to one term's fee is payable to the School. Increases may be billed from time to time in order to maintain the deposit at a level equal to the current termly fee. The deposit will be returned after the child’s final term at the school and any outstanding fees and other charges have been paid.

NOTICE OF WITHDRAWAL
Written notice of the removal of a pupil must be received by the Bursar on or before the first day of term at the end of which it is to take effect. In the absence of proper notice the School Fee for the following term must be paid and the fee deposit will be set against any liability arising under this paragraph. Registration There is a non-returnable Registration Fee of £35 per child payable upon submission of the Application Form. Visits The charges for children on formal visits are £30 for one day and £60 for two days payable in advance [this includes lunch]. Fees Fees are generally revised at the start of each school year and take account of changing costs.

Useful Information
Most High Street Banks and many Insurance Companies are able to offer facilities to both savers and borrowers to assist with the payment of school fees. In addition to standard investment accounts and bank loans, many financial institutions offer specific school fees' plans. The traditional type of school fees plan is a long term savings plan designed for parents who are able to plan well ahead to make provision for their children's education. Many of these savings schemes are linked to an endowment policy and generally are only of benefit to those parents who do not expect to pay school fees for at least 10 years after they have started saving. Some financial organisations now offer an 'immediate Fees Arrangement' that allows parents to borrow money to pay school fees. This type of credit arrangement is similar in principle to a second mortgage as the money borrowed is secured by equity available in the property. The plan is linked to an endowment policy. Monthly repayments consist of an interest payment and a monthly premium for the endowment policy. Your bank would have further details. Schemes are available to provide for school fees in the event of an insurable crisis, or to 'save up' for paying future fees, or to spread payment over a longer period than a child's attendance at school. The Bursar can give details of school fee plan providers but it should be understood that this does not imply recommendation. Parents may wish to discuss suitable plans with a financial advisor. No scheme can be accepted under which benefit is derived from the School’s charitable status.

King Alfred School Society – a company limited by guarantee. Number 57854 Registered in England. Registered Charity Number 312590 149 North End Road, London NW11 7HY tel. 020 8457 5200 fax. 020 8457 5249