Fee Schedule | Aga Khan Academies

Fee Schedule

Fee Schedule for the 2021  2022 Academic Year.

 Please click here to download the 2021  2022 Academic Year Fee Schedule (PDF format) 

Notes

Miscellaneous Charges

  1. Non-Refundable Admission Fee. Payable for students enrolling for the first time. The admission fee must be paid to secure the place for a child in the Academy. This cannot be deferred or paid in instalments. The due date is one week after the offer has been accepted.
  2. Refundable Security Deposit. Around 10% of the fees is payable on acceptance of admission and should be paid together with the admission fee mentioned above. As the Security Deposit is different between the PYP, MYP and DP, the differential will be invoiced when the child is transferred from PYP to MYP and from MYP to DP. It is refundable when a student leaves the school as long as the required notice has been given in writing and “No Dues” clearance is obtained from the Academy. No interest is payable on this deposit.
  3. Good Faith Deposit. Paid for Year 1, Year 11 day students and all residential students to secure their place, as part payment against their first Semester fee, due to limited-capacity. This will have to be paid before March 31 for the Year 1 students and before 15 April for the Year 11 Students. All other residential students will pay the Good Faith deposit together with the Admissions Fee. In the event that the student does not join the Academy, this deposit will not be refunded.
  4. Lunch. The rates indicated above are applicable only if paid in advance at least for a whole semester (50% of the total cost). The daily lunch rate is KES 400 for MYP and DP students and KES 350 for PYP students.
  5. Medical Insurance Premium. Paid separately by residential students with the first tuition fee instalment.
  6. Stipend. Paid separately by residential students and will be managed by the Academy. The students will be able to withdraw a maximum KES 500 per week to cover any personal expenses.
 

Tuition Fees 

1. Sibling Discount. 5% is applicable for second child, 10% for third child and 15% for fourth and subsequent children. The discount will be adjusted according to the number of children attending the Academy at the same time.

2. Tuition Fee. Academic Year 2021 – 2022 fees are payable in two equal instalments (for each Semester), no later than 15 July 2021 and 15 December 2021.

3. Discount of 3% will be given on the tuition fees if paid for the whole year before the deadline (15 July 2021). These discounts are applicable on the net amount payable after other discounts have been deducted and is not applicable to FA students.

4. Currency. The fees can be paid in US dollars or Kenyan Shillings. Payments in US Dollars will be converted to Shillings at the rate the Bank buys USD from the Academy on the receipt date. The Academy however reserves the right to change this policy.

 

Late and Outstanding Fees

  1. A monthly surcharge of 3% will be added to the total outstanding dues older than 30 days
  2. If not paid within one month’s period following the deadline, the student will be asked to stay at home or in the residences and will not be allowed to attend classes or participate in the other activities undertaken by the Academy.
  3. The Academy reserves the right to withhold results, school certificate, transcripts or any other information and/or document until all outstanding dues are settled in full. 
 

Financial Aid

  1. Admitted students who demonstrate financial needs can apply through the Admissions office at least one month before the tuition fee payment is due (by 15 June). An independent Financial Aid Committee is responsible for reviewing and approving any request for Financial Aid by the students before 15 July.
 

Withdrawal

  1. If a student wishes to leave the Academy, three months’ advance notice of withdrawal must be given in writing and if not done the pro-rated three months’ fees will be due and payable. School clearance will not be possible until any outstanding dues are settled in full.
 

Other education related costs

1. Field Trips. Students are expected to participate in compulsory curriculum and bonding trips as well as optional trips, for which the parents will be invoiced separately. Information on these field trips will be shared with parents at least one month in advance. 

2. Exam fees. MYP and Diploma will be billed separately based on actual fees from the International Baccalaureate Organization (IBO).

3. Personal Computer. MYP and DP students are required to own a personal computer that meets minimum performance standards as most of the assignments as well as the communication between the teachers and the students are computer based. The system should be loaded with either iOS or Windows, MS Office, Internet browser, and Antivirus.

 

General Notes regarding payment

  1. The Academy does not accept cash for fee payments.
  2. All payments must be made by direct bank deposit, bank transfer, or M-Pesa even if payment is made by a third party such as a sponsoring organisation.  
  3.  Parents are responsible for ensuring that the fees payments are made into the correct bank account of the Academy. In the unlikely event of any change in the bank account, the changes will be communicated to parents in writing via a hand delivered letter from the Academy.
  4. The above terms and conditions may be modified, or new terms may apply to reflect changes in the law or our services. For further information please contact us at mba-bursar@agakhanacademies.org