Financial Contract - 2022-23 School Year

THIS CONTRACT is by and between SchoolNova at Stony Brook (SchoolNova) and the below signed Parent/Guardian (Parents). SchoolNova at Stony Brook is a 501(c)(3) tax-exempt, non-profit organization setting each year’s budget on student contracted for that year. An integral part of maintaining that budget is the timely receipt of tuition, registration and other fees. In order to accomplish this goal, SchoolNova at Stony Brook has adopted the following tuition payment policy. This policy will be strictly adhered to and enforced by the School's administration. As a Parent/Legal Guardian,

• I have read and understood the financial policies of SchoolNova at Stony Brook. I agree to pay tuition payments and school fees for my child(ren) in accordance with the school financial policies.
• I understand that it is the policy of this school that student accounts are paid on time unless a satisfactory financial arrangement is made in writing.
• I understand that an account becomes delinquent after the official payment deadline, a $30 late fee will be assessed on all outstanding balances left unpaid after the seven-day grace period. Payments received beyond three weeks of an official deadline will incur an additional $60 late fee ($90 total). PAYMENTS MADE BEYOND FOUR WEEKS OF THE OFFICIAL DEADLINE WILL INCUR AN ADDITIONAL FEE OF $90, BRINGING TOTAL LATE FEES TO $180.
• I understand that SN may suspend my student(s) when the account becomes more than 35 days past due. In the event of non-payment, I understand all collection costs will be added to any unpaid balance.

Financial Circumstances If a parent/guardian believes financial circumstances have arisen that will prevent or delay the payment of the school tuition and fees, a variety of options are available:

1. Extension of Time. If an extension is required, please contact the school principal prior to the due date.

2. Payment Plans. Payment of the school fee and levy account by regular installments. All payment plans must ensure the balance is cleared by the last day of the school year or negotiated with the principal.

3. Fee Concession

All financial matters are treated with confidentially.

Early Withdrawal. A drop-out period begins on the first day of classes and ends at 11:59 pm on the Tuesday - 10 days after the first day of classes. Any course may be dropped anytime within 10 days from the beginning of the school year for a full refund of the course tuition, enrollment deposit and admin fees. The registration fee is NOT refundable. No fees are refunded after the above-stated drop date. If the student remains in the class, the parents pay for all classes, including the first two. If a student drops a program after the current quarter is complete, he or she will NOT be charged for the remaining quarter(s). However, an enrollment deposit will not be returned in such a case. Tuition for the courses is collected quarterly (10+10+10(9) weeks). If a class is dropped in the middle of any quarter, the tuition for that quarter will not be refunded. SchoolNova doesn't charge any withdrawal fee. 

Joining middle of the term If your child joins the school in the middle of the year, the tuition will be prorated accordingly based on the remaining number of lessons. Material and other fees should be paid in full and will not be prorated.

Returning Families: Returning families registering for the upcoming school year must have their accounts fully current to be eligible to re-enroll.

• I agree to pay a $25.00 fee for any check that is returned from the bank unpaid.
• I have read the financial policies.
• I understand I must fulfill my financial obligations in order for my children to attend SchoolNova at Stony Brook.
• I agree to the charges and methods of payment outlined in this contract.
• If I am late with my payments, I understand I will be charged a late fee as described in the Financial Contract.
• Furthermore, I understand my payment plan may be altered at any time during the school year if I do not pay according to the Financial Contract.