1. TUITION FEE

Grade	Annual Fee
Pre-School	US$ 2,544 No Registration / Admission Fee
Nursery	US$ 3,816
KG to 12	US$ 7,990

Tuition fees are established annually in April by the Society. All members of the Society are responsible for prompt payment of all school dues in a timely manner.

L.A.S. is a non-profit organization and bases its tuition on estimated operational expenses. If a deficit occurs or is projected, the Board of Directors may decide to assess the parent additional fees, as required.

Admission Form / Testing Fee:
A one-time non-refundable admission form fee of US$ 25 and testing fee of US$ 50 will be charged to all candidates for admission.

Registration / Admission Fee:
New students entering L.A.S. at any grade will be charged US$ 2,000, a non-refundable one-time registration fee. If a student withdraws and re-joins the school the registration fee will be re-assessed after one year 25%, after two years 50%, after three years 75%, and after four years 100%.

EFL (English as a Foreign Language) Fee:
There shall be a charge of US$ 500 per year for any student receiving EFL services during the school year or any part of the school year.

Activity Fee:
The Activity fee of $150 per family includes: Student publications, (*yearbook, literary magazine, handbooks, newspapers*) support for student related activities and graduation. *One yearbook per family

PAYMENT PROCEDURE FOR TUITON FEES

Mode of Payment:
All fees are payable in U.S. Dollars, however, Pakistani nationals earning in local currency, may pay in Pak Rupee based on the dollar/rupee open market selling exchange rate prevailing at the time of payment.

All payments should me made by a crossed check drawn in favor of Lahore American Society. Payments in cash will not be accepted. For the payment of fee bill by wire transfer, please contact the Business Office for details.

Service Charges:
Any additional costs for bank collection charges, wire transfer or returned checks are to be born by the parents.

New Students:
Along with the registration fee, a new student shall pay a minimum of 25% of tuition, before the first day the student attends classes. The balance 75% of the tuition fee is payable within 30 days thereafter.

Deposit for Continuing Students:
Continuing students will receive an enrollment contract during May in order to reserve a seat for next year. The signed contract must be returned to the Director of Business Affairs with a 20% tuition deposit before the end of the second week of June. Payment of 20% deposit after due date will be charged a late fee of US$ 80. Deposit will be refunded deducting US$ 100 per child as handling charges upon the cancellation of enrollment contract with a written notice from the parents if received before June 30, 2007. If notification is received after June 30, 2006, but prior to the child ever attending even one class, the deposit minus $500 will be refunded.

All dues for current academic year must be cleared before the enrollment/promotion of the student to the next grade. Tuition bills will be sent to the parents in summer and they must be paid before school begins in August.

Payment Plan and Penalties:
In exceptional cases where this policy presents an individual hardship, a payment plan may be considered and tuition can be paid on an installment basis with a penalty @ .6 % per month (7% annual rate). The surcharge will be charged from the due date of tuition bill. A service fee of US$ 150 will be assessed and must be paid at the time of signing the payment plan.

" After a written payment plan has been made with the Manager of Accounts, 30% tuition (in addition to 20% deposit already paid) must be paid prior to the attendance of the student and balance must be paid not later than the last day of the first semester.

" If the payment of tuition fee is not made according to the agreed plan, the student will not be allowed to attend the classes without any prior notice. Grades will not be released until all accounts are fully settled. The Society reserves the right to recover outstanding fee balance by a reasonable means permitted by the law.

Three or More Children:
Parents with three or more children must pay two complete tuitions before school starts in August and for additional children, full tuition must be paid before the end of the first semester without any surcharge. However, in case of individual hardship, at least 50% of tuition for additional children must be paid before the end of the first semester. The remaining balance can be paid by March 1, 2008 with .6 % surcharge per month assessed from the beginning of the second semester to March 1, 2008 on the unpaid balance.

Non-Payment
In case of non-payment or under-payment of any liabilities (including surcharges), suspension of enrollment, denial of re-registration or privilege of student being seated in the classes, and withholding of academic records may result. The decision of the school administration regarding the suspension of students due to non-payment will be binding on the parents.

Entering / Leaving During Academic Year:
Students entering during first semester will be billed for the entire year tuition. Students entering during second semester will be billed for the second semester only. One-time Registration / Admission Fee will be applicable to all new students.

Refund Policy:
Once a student has been admitted to L.A.S. and has been guaranteed a place or actually beings school, the registration and EFL fees will not be refunded.

When a student has been accepted and enrolled but does not attend classes the tuition, EFL registration and activity fee paid will be refunded by deducting $500 as handling charges per child. Provided that a written request to withdraw / refund is presented in writing to the Manager of Accounts within 30 days of payment.

If after initial acceptance a delay in admission is requested, such request will be honored only if full tuition fee is paid to cover the period of delay.

Students withdrawing before the start of the second semester shall get a refund of 50% of the tuition paid for the year. Students leaving during second semester will not get any refund. However, in case of an involuntary transfer of parents or withdrawal of a student due to academic reasons, tuition may be pro-rated quarterly with any part of a quarter counting as a full quarter.

When a situation occurs whereby the school must be closed due to factors beyond its control, the Board of Directors will determine what kind of refund, if any, will be made.

Variations:

Variation in any clause of the above policy must have advance approval from the Board of Directors. A request should be submitted in writing to the Superintendent.

Adopted: April 25, 2003
Amendment: May 25, 2004
Amendment: February 28, 2006

LEGAL REFS: School Constitution - Article III 1, 2