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Fee Structure The following tuition and fees are required of students. The amounts shown are on monthly basis for the day scholars and day boarders and on quarterly basis for boarders. No student will pass out or receive grades or transcripts of records unless all financial obligations have been met. Tuition and fees are subject to change without notification. For Day Scholars
For Boarders
For Day Boarders
Payment of Fees
The fee may be paid in cash to the school Bursar/Accountant or through bank draft crossed in favor of Payee’s Account only. Cheques are also acceptable.
The fees of boarders include tuition, boarding & lodging, messing, haircut, washing etc. These, however, do not include extras like pocket money, books & stationery, educational tours, exam fees, extra kit items, etc.
The fee of day scholars and day boarders is drawn on monthly basis in advance. The fee must be submitted by the 10th of each month after which a late fee fine of Rs 5 per day will be imposed till the last date of the month. At the end of the month the student’s name will be struck off the school rolls.
The fee of boarders is drawn on quarterly basis and must be submitted by the due date for each quarter failing which a fine of Rs 20 per day will be charged till the last day of each quarter. The student’s name will be struck off the rolls if the fee is not paid till the end of the quarter.
Readmission is the discretion of the Principal and depends on the availability of seats. It will be granted only on payment of full admission fee, late fee fine and other outstanding dues, if any.
A day scholar who joins the school on any date during the month shall have to pay the fee for the entire academic year, while the boarder shall pay full fee of the quarter in which he joins and 20% of the total fee for the previous quarter.
No student will be given School Leaving Certificate until all the dues have been paid, including full fee for the month during which the request for the certificate has been made or the student’s name was struck off the school rolls.
No student particularly the boarder is allowed to sit in any public examination or the school annual examination unless his/her accounts have been paid in full by the date the examination begins.
Financial Aid
Modernage gives all students equal opportunity for financial aid, regardless of race, color, religion, age, national or ethnic origin or sex. The primary purpose of Financial Aid is to provide assistance to students who, without such aid, would be unable to receive education. The aid is offered on the basis of financial need. Some of the factors that are taken into consideration in determining the family’s financial strength are: current income, number of dependents, other educational expenses, debt, retirement needs and unusual circumstances.
While Modernage subscribes to the philosophy that primary responsibility of meeting costs of education rests with the family, it also realizes that there are families who do not have available means to send their children to a private institution. In recognition of this fact, Modernage uses every possible means to bridge the gap between family resources and educational expenditures. The family is expected to make a maximum effort to assist the student with his/her educational expenses and any financial aid extended by the institution should be viewed only as supplementary to the efforts of the family.
Students in need of financial aid must apply afresh each year. However, the facility once extended does not qualify any applicant to have it again. All such applications will be processed again in the light of the funds available and other relevant terms and conditions.
Categories of Financial Aid:
There are four categories of Financial Aid: Student Support Scholarships/Concessions Grants Loans Work Opportunities Item 1 & 2 consist of aid that does not have to be repaid. Item 2 is money which must be repaid. Item 3 is a part time employment opportunity which covers a portion of educational costs.
Student Support Scholarships/Concessions: These include financial assistance that is provided by the College Academic Excellence Scholarship: Offered to five students each year who have excellent academic standing. Sports Scholarship: Offered to one student who excels in badminton. Sibling Concession: Offered to real brother/sister as follows: Number of children Tuition fee liable 1 child Full 2 children 1 full, 1 half 3 children 2 full, 1 one-fourth 4 children 2 full, 2 half 5 children 2 full, 2 half, 1 one-fourth Grants: Following grants are offered to students who, without such assistance would be unable to attend Modernage. The basic requirement for consideration is financial need and good academic standing.
The Miller Foundation Pakistan: Established in 2002, the Miller Foundation is a collaborative project of Mr.& Mrs. Bob Miller, USA and Modernage. This foundation has provided tuition expenses to deserving and talented students.
Dr Saira Butt Scholarship: An Ireland based Pakistani Dr Saira Butt finances this scholarship. Reviewed each year it provides financial assistance to one deserving student each year.
Ms Shahina Saleem Scholarship: A Pakistani Ms Shahina Saleem settled in Sharjah, UAE, provides this scholarship. It bears the educational expenses of two deserving students each year.
Loans: Loans are an important financial aid resource provided to those students whose parents are willing to pay for part of their child’s educational expenses with their future earnings. No interest has to be paid on the loans taken. The repayment begins six months after academic session commences. The loan has to be completely returned at the end of the academic year.
Work Opportunities: This type of financial aid is available for students of class 9th onwards who are willing to take up part time jobs available at the campus. These include tuition, gardening, arts projects, etc. In lieu of the services provided the students are provided concessions in their tuition fees.
Application Procedure For Financial Aid
An application for the grant of financial aid (available from Admission Office) must be submitted by the 15th of July each year. For Intermediate classes the application must be submitted by the 15th of August. It normally takes four to six weeks to process the application at the end of which the most deserving applicants receiving the aid are informed |
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