TUITION AND FEES
2021-2022 School fees
|School fees||New Student||Re-Enrolled student|
(Payable upon Application)
|KRW300,000 or USD300.00||KRW300,000 or USD300.00|
(One-time fee, Non-refundable, Payable upon acceptance)
Technology Development Fee
(One-time fee, Non-refundable, this fee for all students enrolling or entering into Kindergarten class or higher)
Capital Development Fee
|ELEMENTARY SCHOOL||Early Years 1-2||Annual||$||8,000||Plus||₩||11,970,000|
|SECONDARY SCHOOL||Grade 6 – 8||Annual||$||11,950||Plus||₩||17,770,000|
|Grade 9 – 10||Annual||$||13,130||Plus||₩||19,700,000|
|Grade 11 – 12||Annual||$||13,700||Plus||₩||20,260,000|
* Please note that the school requires the payment of tuition to be made in BOTH currencies (Korean won and US dollar) in the amounts specified above.
2021-22 Other fees
|School Lunch (Optional)
||School Bus (Optional)
||Early Years 1-2
||Grade 6 – 12
When applicable, a refund of fees will be applied as follows:
1) During the 1st Semi-Annual: If full-year prepaid, 1st Semi-Annual school fee rate will be charged and the balance will refund.
|Term of School Year 2021-22|
|Annual: 16-Aug-2021 ~ 16-Jun-2022|
|1st Semi-Annual||2nd Semi-Annual|
|1st half||2nd half||1st half||2nd half|
|16. Aug.2021 ~ 22-Oct-2022||25. Oct.2021 ~ 21-Jan-2022||24. Jan.2022 ~ 30. Mar.2022||31. Mar.2022 ~ 16. Jun. 2022|
|No Refund||No Refund|
Payment of School Fees & Instructions
Please note that the school requires that payment of tuition be made in BOTH currencies (Korean won and US dollar) in the amounts billed.
Payment can be made by (1) bank transfer to the KEB Hana Bank account number on your student’s tuition and school fees invoice (different account by currency), (2) in cash paid at the Finance office. Please do not mail cash. Parents are responsible for all bank fees, charges, and clearing costs.
Please include the name of the child/invoice number so that we may identify your payment.
(1) bank transfer
Please ensure the student’s name and(Or) student’s number are referenced on your remittance to enable us to credit the student’s account accordingly. An invoice showing Tuition and other Fees billed, as well as the respective account numbers by currency will be provided by the Finance office. Kindly email your bank confirmation advice to [email protected] Please use the following bank details.
|Bank Name||Hana Bank|
|Branch Name||Jangsan-yeok Branch|
|Account Number (KRW Account)||329-890010-46004|
|Account Number (USD Account)||329-890023-76438|
|Bank Address||48, Sesil-ro, Haeundae-gu, Busan, South Korea 48110|
|Bank Contact||Tel: +82 51 722 1111
Fax: +82 51 702 8633
|Beneficiary Name||International School of Busan (부산국제외국인학교)|
|Beneficiary Address||50 Gijang-daero, Gijang-eup, Gijang-gun, Busan, South Korea 46081|
|Beneficiary Contact||Tel: +82 51 720 1138 / 1110
Fax: +82 51 724 3663
(2) in cash
Please keep the receipt after you made the payment. Please be advised that the school has the right to request your receipt as proof of payment.
Payment Due Dates
(1) RETURNING STUDENTS
|1.||To continue enrollment at International School of Busan in the 2021-22 school year, any amounts owed for the 2020-21 school year or for any previous academic years must first be cleared. A non-refundable re-enrollment payment of KRW 2,000,000 must be made on or before February 28, 2021. The re-enrollment payment will be applied to the tuition due for the 2021-22 school year.|
|2.||The first invoice (all payment types) for the 2021-22 academic year is due on or before July 31, 2021|
|3.||The second invoice (2nd Semi-Annual) for the 2021-22 academic year is due on or before January 10, 2022|
(2) NEWLY ENROLLED STUDENTS
Payment of all tuition and fees is due as per the tuition and fee statement forwarded to your email account.
(3) LATE FEES
A late fee for the outstanding balance can be charged for any payments received after the applicable due date.
(4) OUTSTANDING PAYMENTS
Students with outstanding accounts may have their school attendance privileges revoked by the school until such time as their accounts are current. If any payment remains upon withdrawal from the school, no transcripts, transfers, or other records will be released until full payment is received.
PLEASE NOTE: In the event of FORCE MAJEURE, which causes a student or students to withdraw from the School, tuition and fees already paid for the school, and normally partially refunded in accordance with the Refund Policy, will not be refunded and any tuition and fees that are unpaid will be due and payable. Force majeure is defined as an event or effect, such as war, civil strife, labor unrest, or extreme weather, that cannot be reasonably anticipated or controlled by the school and would adversely affect the school`s financial condition. This policy is necessary to ensure the financial stability of the School and to provide resources for continued operations after the force majeure event has passed. Appeals of the application of this policy in an individual case may be made to the Legal/Financial Committee of the Board of Governors of the International School of Busan.