Tuition Fee Increases For 2020-2021 School Year Frozen, Re-Enrollment Extended Till May 15
Dear ICS Parents,
Warm greetings from your ICS Board of Directors. Our thoughts and prayers are with our dear school community during this time and we look forward to the day when we can all be physically together once again. As parents ourselves, we understand that the current international climate raises many questions that impact our families. In our hearts, what we all desire most is for our children to be safe and healthy and to have stability in this time of global change. For many of us, ICS provides the community that allows us to realize those desires for our children.
As a school, we are committed to supporting families through COVID-19. Upon recommendation from Dr. Rader, the ICS Board of Directors has voted to freeze tuition at the current rate for the 2020-2021 school year as a way to actively demonstrate that support to all of our families; this means that the current published fees will remain the same for next school year. Additionally, for parents who have not yet re-enrolled their children, ICS has extended the option to re-enroll your students before May 15 and continue to benefit from the discounted re-enrollment fee of S$1250.
As a registered charity, ICS operates solely on tuition and donations. All profit is placed into financial reserves at the end of each school year to be reinvested at a later time directly into the school and your children's learning. The decision to not increase tuition for the 2020-2021 school year means ICS will use its financial reserves to cover the difference between the originally planned 3% increase and the actual 0% increase. Given the unprecedented situation, we find ourselves in globally, the ICS Board of Directors fully supports this release of reserves to ensure families are able to continue providing their children with an ICS education.
As ICS parents, we are grateful for the dedication and commitment of the ICS leadership, faculty, and staff. During this time, we value the exceptional care the teachers are giving our children as they continue to provide an excellent education online. Please join us in continuing to pray for our ICS community during this season. Should you have any questions regarding the decision to not raise tuition, please feel free to contact any parent on the ICS Board, Dr. Rader, or Sarah Majestic.
On behalf of your ICS Board of Directors,
Su Wei Wang