Princeton Montessori School
The information below provides the payment policies and schedules for our school. Should you have questions regarding your child’s schedule, contact Banu Eser at email@example.com. For questions regarding your billing and payments contact Bethanne Byrne at firstname.lastname@example.org.
A $1,500 non-refundable deposit is required at the time of enrollment and again with each subsequent re-enrollment. The deposit payment is credited to the child’s program fee for the academic year in which they are enrolling.
Tuition Payments and Schedule
Tuition payments are due on or before the 15th of each month of the designated payment schedule. All parents are subject to the below payment schedule unless an extended payment plan has been granted. Parents who need an extended payment schedule may contact Bethanne Byrne to discuss these terms.
Academic Agreement (September – June)
Five installments: May, July, August, November & January
Academic plus SummerQuest Agreement (September – August)
Six installments: May, July, August, November, January & February
TADS Payment Portal
The School uses TADS (www.tads.com), a secure online tuition management service for agreements and payments of tuition and fees. TADS accepts:
- ACH (direct withdrawal from a checking account) – no fee
- Bank checks sent by USPS – no fee
- Wire transfer – $25 per transfer
- Credit card – Master Card, Discover, American Express – 3% fee per transaction
A $45 annual fee is assessed by TADS to each family account with the exception of accounts where full payment is made in either one or two transactions. An automatic late fee of $29 is assessed by TADS for any installment payment that is late by one or more days.
Dewar Tuition Refund Insurance Plan
The Society requires parents to purchase the Dewar Tuition Refund Insurance Plan (TRP). The purpose of the plan is to protect both the School and parents in the event of a student’s withdrawal or dismissal, regardless of reason. The insurance covers a portion of the program fee commitment should the child’s enrollment end due to illness, withdrawal or dismissal. The Tuition Refund Plan is 2.1 % of the program fee and must be paid with the May installment. TRP does not include Before School, After School, Extended Calendar, SummerQuest or Music fees.
Parents may “Opt out” of the Tuition Refund Plan (TRP) fee when full payment is made by July 15. Parents who plan to opt out of the TRP are required to follow their payment schedule, which includes the deposit, the May payment and the July payment.
For further information about the plan refer to the attached TRP brochure or contact the Business Office.