First month’s fees:
1st month’s school fees + Annual Registration Fee + Infrastructure Development Fund + Enrolment Refundable Deposit + Library Book Deposit (refundable)
Invoices will be issued 2 weeks before the due date
Tuition fees are based on costs for a whole year and are calculated in US$. From August 2013, a system of “monthly” billing has been in place to help spread payments for families and to avoid the inconvenience and additional administration of arranging ad-hoc repayment terms where temporary cash flow made the payment of termly fees difficult for some families.
Annual fees are invoiced in nine equal installments spread over the period of the academic year. All fees for tax-payers are invoiced in Malawi Kwacha and are due on or before the dates specified in the invoice dates schedule below. Advanced payment of school fees for the term or whole year may be paid in US Dollars, Euros or GB Pounds.
Since the fees are based on costs for the whole year, any temporary withdrawal of a student from school shall not imply suspension of invoicing in relation to that student.
Tax payers may be asked to provide the tax clearance certificate issued by MRA.
Students Joining and Leaving During the School Year
Students joining or leaving at any time of the month shall be liable to a full fee installment for that particular month (or the preceding month in case of non-invoicing months).
Annual Registration Fee
An annual registration fee of US$132.00 (or equivalent) is payable per individual student. This is nonrefundable and will be invoiced with Term 1 fees. A book deposit of US$50 (or equivalent) per student is payable on enrolment. This is refundable (in Malawi Kwacha at the prevailing school rate and less any outstanding charges for lost or damaged equipment) on receipt of the completed checklist of books and equipment.
Tax
Taxpayer parents are those subject to Malawi income taxation on the income that is used to pay school fees. Non-Taxpayer parents have tax-free status in Malawi. Determination of this shall be based on the principal earner’s income i.e. the parent who is the main reason for relocating to Malawi.