FINANCIAL INFORMATION (Revised 1/09)

The following information explains the financial commitments that are involved in sending your student to our school. We feel that the rates are fair, but any cost is high when public education is available at no charge. Please be assured that all funds are carefully used and not wasted. We do so much with so little. Your sacrifice is appreciated by us, but will be appreciated by your child even more once they are grown. Because we are a "Not for Profit" school and accept no money from the government, the school's financial health is in your hands.

Tuition and Daycare payments may be paid in one of two methods for the 2009-2010 school year.

FIRST: Parents may choose to pay on "Annual Advance Payment" by February 28th, 2009. Under this method, Calvary Christian School discounts the normal tuition by the market interest rate at the time tuition rates are set (normally January). We accept "Advance Payments" to provide cash flow for large projects and improvements, as well as summer operating expenses. Thus, this method of payment benefits both parents and Calvary Christian School. Because tuition is discounted under this option, Calvary Christian School will limit payments received on an "Advance Basis" to $50,000 for the 2009-2010 school year. This will be done on a first come - first allowed basis. Because this year's amount has been reduced compared to previous years, we encourage parents that wish to receive the "advance pay" discount to register early.

SECOND: All families that do not pay an "Advance Payment" may pay on a monthly basis. The annual tuition/daycare may be paid on a ten or twelve month basis (see chart on following page) by automated bank draft. We have retained the service of Evangelical Christian Credit Union through the use of their ACH to manage our "Draft program." Under this program, the set amount of your tuition/daycare fees will be withdrawn electronically from your checking account on either the 1st, 5th, 10th, or 20th of each month. This is becoming a very common mode of payment and has been used for many years by banks for car loans and insurance companies for premium collection. By using the ACH payment method, the administration of Calvary Christian School hopes to eliminate all bad debt (uncollectible tuition/fees) due the school. It will also help our school manage its cash flow on a more effective basis. The proper ACH Authorization form is enclosed in your registration material and is required with an Initial Registration Application. We do not accept payment by check with a monthly invoice. All monthly payments must be made using the ACH method.

ADMINISTRATIVE CHARGES

Returned ACH (NSF or other) $30.00*

Late Fee $ 30.00*

*Must be paid to Calvary Christian School by check (not draft).

Students who use the AM/PM Care program that are not on a contracted fe will be charged at a rate of $10 per hour. It is suggested that parnts who will us the AM/PM Care Program arrange to have a contract for these services because f the substatial discount offered to those families with a contracted fee. Parents who have their student in daycare must pick them up by 6:30 p.m. An assessment of $5.00 for each full fifteen minutes late will be billed to a students account.. Repeated late arrivals will result in removal of daycare availability for that family. While we will work with you in this area, please remember that our PM Care faculty have a family who need them also.

All tuition and fees take into account holidays, snow days, sick days, and vacation days; thus, no adjustment will be made for any day that school is not held. No refund of tuition or daycare fees will be made once the school year begins unless a student is withdrawn due to a job transfer.

While we strongly believe in Christian education and feel that we offer an excellent value to the families that we serve, we cannot allow a family to go into debt over tuition due the school. Please seek God in this area. We will work with you as much as possible. Consistent payment problems will result in the removal of the student from the school. Please help keep Calvary Christian School financially strong by being faithful in the area of finance.