Common use of Payment Plan Options Clause in Contracts

Payment Plan Options. Plan A – Annual – Single payment of complete school year, less 5%. This annual payment is payable any time before August 25th. Plan B –Monthly Installments – The annual tuition listed above can be broken into 10 equal installments. Monthly Installments begin August 25th and are due on the 25th of every month through May 25th. These payments are the same amount each month regardless of the length of each month and are non- refundable & non-transferable. Each school year you are required to pay the following June’s tuition by May 25th. This installment will be used only for the following June and is non-refundable & non- transferable.

Payment Plan Options. Plan A – Annual – Single payment of the complete school year, less 5%. This annual payment is payable any time before August 25th. The June Installment is still due at the time of enrollment. Plan B –Monthly Installments – The annual tuition listed above can be broken into 10 equal installments. Monthly Installments begin August 25th and are due on the 25th of every month through May 25th. These payments are the same amount each month regardless of the length of each month and are non- refundable & non-transferable. Each school year you are required to pay the following June’s tuition by May 25th. This installment will be used only for the following June and is non-refundable & non- transferable.