2021 FEE STRUCTURE
1.Non-refundable placement fee:
Guarantees a child’s place and indicates acceptance. It is due two weeks from receiving your notification of acceptance.
2. Non-refundable School Development Contribution (SDC):
Stepping Stones Montessori School has an extensive school development program underway. To help fund current building projects as well as the enrichment of our program through projects such as the Makerspace, upgraded library and playground, we have established a School Development Contribution, which is payable on entry into Stepping Stones Pre-School and Primary School. As a parent-driven, non-profit school, we encourage you to participate in shaping the development of the school, including how the School
Development Fund is used. The SDC is due within two months of your acceptance notification. We are open to discussing a custom payment plan on a case- by- case basis.
Monthly payment: 10 equal payments payable on the first of the month (1 February to 1 November).
Termly payment: Fees are payable within the first 10 school days of each term.
Annual payment: Single payment, payable on or before 1 February.
*Please note, all fees are payable if your child is on holiday during the school term.
4. Method of Payment
ALL FEES; Placement Fees, SDC and School Fees can be made via electronic transfer or direct deposit. Cash, Snapscan or credit card payments are not accepted.
5. Bank Account
THE CAPE TOWN MONTESSORI SCHOOL TRUST
Account no. 1142812537
Branch code 1010/09
Ref: child's name and type of fee i.e. Placement / SDC / School Fees / Aftercare
6. Late Payments
Interest at the rate of 10,25% p.a. will be charged on all overdue accounts.
Termly fees not paid in full during the first 10 days of term will automatically be converted to the higher monthly fees structure.
Monthly fees not paid in full by the 7th of the month will be regarded as overdue and will accrue interest.