Woodstock School, renowned for its holistic approach to education, has announced its fee structure for the academic year 2023-24. The fees are meticulously set every year, ensuring that they encompass all the essential facilities and services provided to the students.
Breakdown of the Fees
The fee structure at Woodstock School is comprehensive. When applying for a place, parents should be aware that the fees include:
- An annual fee
- An establishment fee (one-time)
- A security deposit (refundable)
The annual fee covers:
- Tuition
- Textbooks and notebooks
- Boarding and lodging
- Basic laundry services
- Internet and email facilities
- Class field trips
- Most social activities
For the academic year 2023-24, the annual fees for each grade are as follows:
- Grade 6 to 8: 18,05,000 INR
- Grade 9 & 10: 18,65,000 INR
- Grade 11 & 12: 20,05,000 INR
In addition to the annual fees, there are one-time charges:
- Establishment Fee: 4,00,000 INR (non-refundable)
- Security Deposit: 3,90,000 INR (refundable upon graduation or withdrawal)
Policy on Fee Collection
Woodstock School emphasizes the importance of timely fee payments:
- Fees should be settled by their respective due dates.
- Delays in payment can result in late fee interest penalties and may restrict student benefits, such as no pocket money, no access to the dorm store, and being unapproved to sit for examinations.
- It’s essential that fees are paid directly from the parent’s or legal guardian’s bank account.
Procedure for Fee Payment
- Payment Options:
- Option One: Fees are invoiced for the entire year in April. If the full payment is made before 31st May, a 2% discount is applied to the Net Invoice.
- Option Two: Upon a parent’s request, the school may offer a 6-month payment plan to clear the semester fee. This comes with an additional charge of 1% per month on the outstanding balance.
- The Establishment Fee is due at the time of admission.
- The Security Deposit is refundable and will be adjusted upon the student’s graduation or withdrawal.
- Monthly account statements are emailed to parents through the Fee Management Module of Navision.
- Late Fee Payment:
- If fees remain unpaid after the due date, a late fee interest of 2% per month is charged on the outstanding balance until it’s cleared.
- If the payment isn’t received by the due date, a late fee penalty for that month is applied. For instance, if the due date is 31st May and the payment isn’t made by then, the student’s account will be charged for May as well.
- Interest is charged monthly on the outstanding balance at the end of the month and is not prorated based on the days of the month.
Parents and guardians are encouraged to familiarize themselves with the fee structure and policies to ensure a smooth financial experience during their child’s tenure at Woodstock School.
