Payment Terms and Conditions

These Payment Terms and Conditions (the “Terms and Conditions” or “Terms”) govern financial matters between InnovOak School (“InnovOak”, “School”, “we”, or “us”) and Parents/Legal Guardians and Student (“you” and “your”).

BY CLICKING/CHECKING THE “I AGREE” BUTTON/BOX, YOU AGREE TO BE BOUND BY THESE TERMS AND CONDISIONS.

1. Tuition fees are due as per the Payment Schedule. Payment can be made by cheque or online banking, or for international payments by PayMyTuition by MTFX or wire transfer.

2. Interest is charged at 1.5% per month (18 % per annum) on overdue accounts.

3. Charge for insufficient funds for payment:

   1. First incident - a service charge of $100 will be applied to the Student’s account.

   2. Second incident - a service charge of $200 will be applied to the Student’s account.

   3. Third incident - the full balance of outstanding fees in the chosen payment plan is due immediately and a service charge of $200 will be applied to the Student’s account.

4. Tuition, supplementary fee and registration fee (for new student only) have been built into the payment schedule, however, there maybe extra fees incurred from time to time, such as before and after school care, meal plans, transportation and etc. All extra fees are optional and are on a volunteering basis.

5. Extras will be billed on a regular basis. Payment is due upon publication of the monthly online statement or invoice. All miscellaneous charges are in addition to the tuition fees and must be paid separately via online banking, cheque, cash, PayMyTuition by MTFX.

6. Families with student account balances in arrears, will be required to provide a deposit of $500 to the business office, and services maybe suspended until the overdue balance and deposit are received.