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Debtors Policy We understand that life is not simple and financial matters can change unexpectedly. You, as parents, place a high premium on the education of your children and you depend on us to remain a stable, sound and sustainable organisation to supply that service. The College is an Article 21 Company, run by a Board of Directors. The latest changes in Law require that each Director sign a personal unlimited surety to cover the activities of the company. The College does not receive any financial subsidy or assistance from any outside organisation. The organisation simply has to survive on the income that is raised from School Fees and other activities. As a non-profit organisation, we are not in a position to finance outstanding debtors as if we are a financial institution. There is no difference between the contract you sign for buying a vehicle or buying education for your child. If the vehicle contract is not honoured, the vehicle is re-possessed. If the education contract is not honoured, the child cannot attend school. The person who signs the documentation / contract will be seen as responsible for the contract. The Debtors Policy as approved by the Board of Directors dictates that: Debit Orders are preferred. Accounts must be paid on the 2nd day of each month. All accounts are to be fully paid before a new term starts. If not, the child will not be allowed to attend school from the 1st day of the new term. If an account is outstanding for more than 60 days, calculated from the 1st of the month for which the fees have been debited, the child will not be allowed to attend school from the first day of the following accounting month, until the outstanding balance reflects on our bank statement. In the event of an overdue account: Day of notice - The date on which Financial Management informs the responsible person that the account is overdue. The outstanding balance will not be allowed to increase after the day of notice. Implication: Monthly fees must be paid on the 2nd day of each month. A substantial portion (33%) of the outstanding balance and the monthly fee must be paid on the 2nd  day of every following month until the outstanding balance has been cleared. Implication: If this is not strictly adhered to, your child will not be allowed to participate in any school activities from the 1st school day after a default. Foreigners Debtors Policy applicable to Non-South African citizens Due to the mobility of non-South African citizens, it has become necessary to institute some controls to ensure that the College will receive due payment for services rendered. On enrolment, the following will be required: The application form must be completed in full. Fees for a whole term, including school, sport and aftercare must be deposited into the bank account before the learner attends his/her first day of school. Term fees will be paid into the College’s bank account before every term starts. Back to top
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