Fees and Scholarships
Please bear in mind that if you pay your annual tuition fees in one single instalment at the beginning of the year, you will save 13% of your total annual tuition fees.
Fees can be paid by cash, by card, or by bank transfer. Please note that all card payments will be subject to a 1.3% transaction fee charge. This does not apply to Application and Registration Fee payments.
The School reserves the right to increase tuition fees during the academic year if the annual inflation rate exceeds 12%, and/or if the VND depreciates against the USD by more than 3% from the most recent listing date of schedule of fee in the academic year. In such cases, the School will publish the new fees on its website and notify those parents who are paying Tuition Fees by instalments. Outstanding fees will be payable in the newly published amounts.
Tuition Fees are also inclusive of:
|Text Books||Stationery||Selected extra-curricular activities & clubs||Morning Snack||Uniforms||Year Book||Personal Accident Insurance|
Uniforms: At the beginning of the school year, Renaissance offers free: 3 sets of Renaissance school uniform, 2 sets of Renaissance PE uniform, and 1 House T-shirt. A school hat and a school bag are also provided to all newly registered Primary and Early Years students.
The school accepts late enrolment after the start of the academic year depending on availability. Those who enrol after the start of the academic year up to 13th December 2019 will pay tuition fees strictly on a pro-rated basis. Students enrolling after 13th December 2019 are required to pay a one-off tuition fee on the instalment fee basis. For late enrolment to EAL classes, the EAL fee will be pro-rated based on the annual fee, effective from the date of admission to the end of the school year. This method is also applied to bus fees
If the school receives a Withdrawal Application Form at least 90 calendar days before the date of withdrawal, the following withdrawal refund shall apply, also applicable to EAL fees and bus fees:
|Actual Date of Withdrawal||Withdrawal Refund|
The school’s receipt date stamp on the Withdrawal Application Form shall determine the submission date of a withdrawal refund. The school will not be responsible for any case when a Withdrawal Application Form is not officially submitted. Withdrawal refund is applicable only to Annual Tuition Fees that were paid on time i.e. paid on or before the due date.
All tuition fees are payable in full before 1st August 2019. If the installment option has been chosen, each installment must be paid before the start of each term with the dates as below:
- First instalment: due on or before 1st August 2019.
- Second instalment: due on or before 2nd January 2020.
- Third instalment: due on or before 1st April 2020.
Parents are responsible for paying all applicable fees on time before a student is allowed to attend classes. This responsibility cannot be delegated to the employer. All tuition fees are invoiced in VND and are payable in VND unless the payment originates outside of Vietnam, in which case a USD bank transfer is acceptable at the prevailing bank exchange rate.
If payment is not made within two weeks of the due dates, the school shall add a 10% penalty to the outstanding payment, and a new pro-forma invoice will be issued. In cases where parents are registered to pay annual tuition fees, this will be automatically changed to Term Tuition Fee and the 10% penalty added to the first term. After the new pro-forma invoice has been issued, if the school has still not received payment by the revised due date, then the school shall exercise its rights to exclude the student from class until such fees have been paid.
A payment of 22,000,000 VND per child is required as a Security Deposit when the child joins the school. This deposit will be refunded when the child leaves the school provided 90 calendar days’ notice is given in writing to the school. If parents do not submit the Withdrawal Notification Form to the school 90 days before the student’s last school day, then the school has no obligation to return the deposit. This deposit is only applied for Primary & Secondary students. When a child moves from the Early Years to the Primary school, the Security Deposit will be payable.
RE-ENROLMENT DEPOSIT FOR RETURNING STUDENTS
A re-enrolment deposit of VND 45,000,000 will be payable by 30th April 2019. This fee applies to all returning Renaissance students and payment of this fee will guarantee a place for the student provided all other requirements are met. The re-enrolment deposit is mandatory and failure to make this payment by the due date may result in the loss of a place for the student. The deposit will be deducted from the tuition fees when they are payable. The deposit is non-transferable.
We offer a 10% tuition fee discount to the second child in the same family studying concurrently in the school. A special discount of 20% will be given to the third child (and any subsequent children). The sibling discount is based on the tuition fee for the younger child and is also applicable to tuition fees paid by instalments.
A discount of 3% on tuition fee is offered for students who have been enrolled at the school for at least three consecutive full academic years.
ENGLISH LANGUAGE FEE
All students are tested for English proficiency as part of our Admissions and Evaluation processes. For students who require specific English as an Additional Language (EAL) instruction as determined by the School, an additional annual EAL fee of VND 72,500,000 is payable. EAL students are assessed each term to re-evaluate their support needs. This refund is pro-rated based on the number of days remaining in the school year. For withdrawal, the “Withdrawal Refund” under clause 10 shall apply.
SCHOOL BUS FEE
The school bus service fee for the Phu My Hung Route is VND 21,450,000 per year. This bus fee excludes Value Added Tax (VAT). The school offers a free bus service for students from District 2 and Tao Dan.
In cases where a student only uses a morning or afternoon bus, the full fee will be charged. In relation to students involved in activities after 3:45pm, no refund will be made available for any bus service that is not used.
Personal supplies, lunches, additional school uniforms, field trip expenses, external examination fees etc. are payable by parents.
Please ensure the bank transfer payment makes reference to your child(ren)’s name and pro-forma invoice numbers. It is also your responsibility to pay all bank charges. Payment by transfer shall be made to:
(English) KHAI SANG JOINT STOCK COMPANY or KHAI SANG JSC
|Account number (USD)||373-892-95601|
|Account number (VND)||903-892-95601|
|Bank name & address||
Standard Chartered Bank
10th Floor, Saigon Trade Center, 37 Ton Duc Thang Street, Ben Nghe Ward, Dist. 1, Ho Chi Minh City, Vietnam
|Bank swift code||SCBLVNVX|
The Renaissance IB Scholarship scheme provides more students accessibility and the opportunity to qualify for a scholarship with Renaissance.
Our policy has been reviewed and comes into effect from 01 August 2020. Existing scholarships will not be affected. Scholarships will continue to be based on academic performance, however in awarding a scholarship, consideration will also be given to other factors including representation in school events, ambassadorship, role modelling and commitment to the school’s core values, attitude and behaviour.
Scholarships will not be awarded automatically. In February of each year the school will determine the number of scholarships available for the following year and outline the relevant selection criteria. Students – both internal and external – will then be able to formally apply for a scholarship for the following academic year.
Following the application and initial screening, a number of candidates will be invited to attend a formal interview with the Scholarship Committee. This committee will then determine who will be awarded a scholarship and on what basis.
The scholarships on offer will range from 40% to 80% of the relevant tuition fees and parents will be asked to make some form of contribution towards the cost of tuition.
Renaissance continues to enhance its programmes to provide more opportunities, for more students.