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Fee Structure And Policy
2020 - 2021 School Fees Schedule
All fees are expressed in Singapore Dollars (SGD) and are inclusive of GST. The annual school fee for Grade 1 Prep to Grade 6 is S$17,000.00 (plus S$1,190 GST). Fees are payable over 5 instalments. The payment schedule is as follows:
| Instalment Schedule | Amount (+ GST) (S$) |
|---|---|
| 1st Instalment | 3,400.00 (GST - 238.00) |
| 2nd Instalment | 3,400.00 (GST - 238.00) |
| 3rd Instalment | 3,400.00 (GST - 238.00) |
| 4th Instalment | 3,400.00 (GST - 238.00) |
| 5th Instalment | 3,400.00 (GST - 238.00) |
Fees are non-transferable. School Fee refunds are available in accordance with the withdrawal notification dates contained in the student contract and terms and conditions.
School fees are pro-rated if the student begins class after the beginning of the relevant Instalment Period.
School Fee Refund Policy
| % of the amount of fees paid under Schedules B and C of Student Contract | If Student’s written notice of withdrawal to the Admissions department is received: |
|---|---|
| 100% of the paid for, but unused school days; i.e. at S$101.06 (Incl. GST) per day. | More than 30 days before the Instalment Due Date of the instalment period during which the withdrawal takes place. |
| 50% of the paid for, but unused school days; i.e. at S$50.53 (Incl. GST) per day. | Fewer than 30 days before the Instalment Due Date of the instalment period during which the withdrawal takes place. |
| 0% of the paid for, but unused school days; i.e. at S$0.00 (Incl. GST) per day. | On or after the Instalment Due Date of the instalment period during which the withdrawal takes place. |
Registration Fee and Admission Fee
The registration fee is SGD $2,500 (non-refundable), is payable in-full at the time of Registration.
Miscellaneous Fees*
All fees are expressed in Singapore Dollars (SGD) and are inclusive of GST. Apart from the Annual School Fee the following Miscellaneous Fees may be payable:
| Purpose of Fee | Amount (with GST, if any) (S$) |
|---|---|
| Assessment Test Fee | S$200.00 |
| Course Material Fee | S$267.50 |
| IT Equipment Fee (iPad/MacBook) | S$0.00 - S$2,000.00 Applicable only if student chooses to purchase via Invictus |
| Academic Field Trips | S$150.00 - S$1,500.00 (depends on destination) Prior to activity commencement |
| Co-curricular Activities (optional) | S$0.00 - S$2,000.00 Prior to activity commencement |
| Report Copy Fee | S$10.00 for paper copy Prior to issuance of report |
| Uniforms | S$0.00 - S$500.00 Upon purchase of uniform |
| Bank / Transfer Charges | S$20.00 - S$30.00 Varies between banks |
| Reissue of Student ID | S$5.00 Upon replacement |
| Administration Fee for Late Fee Payment | 2% per month on any overdue amount as per the Course Fee instalment Schedule Due Dates |
Payment Terms
Payment of School Fees
The tuition fee and miscellaneous fees are to be paid only upon invoicing.
All school fees are assessed in Singapore dollars and all payments must be made in Singapore dollars.
Payment Options
1. Bank Transfer:
Please state the student name as a reference to allow correct identification of each remittance.
BIC Name: OVERSEA-CHINESE BANKING CORPORATION
BIC Code: OCBCSGSGXXX
Account Name: INVICTUS INTERNATIONAL SCHOOL PTE. LTD.
Account Number: 695222448001
2. Cheques:
All cheques should be “crossed” and made payable to ‘Invictus International School Pte. Ltd.’ Post-dated cheques are not accepted. Please state the student name as reference at the back of the cheques to allow correct identification of each remittance.
3. Paynow:
Payment by Paynow can be made to our Unique Entity Number (UEN): 201541510R.
Please state student name and invoice number as reference to allow for correct identification of each remittance.
Outstanding Payments
Students with outstanding accounts may have their school attendance privileges revoked by the school until their accounts are current. If any outstanding payment remains upon withdrawal from the school, no transcripts, transfers, or other records will be released until full payment is received
Fee Protection Scheme (FPS)
The CPE requires course fees paid by students to be protected. Invictus International School has in place a Fee Protection Scheme (FPS) to protect the paid course fees of all students. The FPS serves to protect the student’s fees in the event that the PEI is unable to continue operations due to insolvency, and/or regulatory closure. In addition, the FPS protects the student if the PEI fails to pay penalties or return fees to the student arising from judgments made against it by the Singapore courts.
Invictus International School has appointed Lonpac Insurance Bhd as its FPS insurance provider. Under the FPS insurance scheme, students’ fees are insured by Lonpac Insurance. In the case of events, as stated above, students will be able to claim their paid fees from Lonpac Insurance. Invictus International School will arrange to protect students’ fees with Lonpac Insurance within 7 working days of issuance of the Student Contract. Click here to view a copy of the Certificate.
The insurance coverage shall commence from the date of payment of the fees till the course end date/ students withdrawn date, whichever is earlier.
More details of the FPS can also be found in the FPS Instruction Manual, available at CPE’s website.
