Tuition and Fees for 2018-2019

 

Application Fee: KRW 250,000
– Non-refundable, one time only fee for all students applying to enter the school.
– Must accompany application forms.

Enrollment Fee: KRW 500,000
– One time only fee for all students entering the school.

Technology Development Fee: KRW 2,000,000
– One time only fee for all students enrolling or entering into Kindergarten class or higher.

Capital Development Fee
This fee assists in covering the operation and maintenance of facilities.

Non-refundable fee for all new studentsKRW 2,000,000
Non-refundable fee for all returning studentsKRW 1,000,000

 

School Fees : All Students

Tuition Fees (2018-19)

ELCAnnualUS$7,360plusKrW11,022,000
Semi-AnnualUS$3,790plusKrW5,676,000
Kindergarten – Grade 5AnnualUS$10,840plusKrW16,193,000
Semi-AnnualUS$5,580plusKrW8,340,000
Grade 6 – 8AnnualUS$11,000plusKrW16,349,000
Semi-AnnualUS$5,660plusKrW8,420,000
Grade 9 – 10AnnualUS$12,080plusKrW18,125,000
Semi-AnnualUS$6,220plusKrW9,334,000
Grade 11-12AnnualUS$12,600plusKrW18,645,000
Semi-AnnualUS$6,490plusKrW9,600,000

* 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.

Other Fees (2018-19)

LunchAnnualELCKRW882,000
Semi-AnnualELCKRW441,000
AnnualKindergarten & Grade 1 – 5KRW1,134,000
Semi-AnnualKindergarten & Grade 1 – 5KRW567,000
AnnualGrade 6 – 12KRW1,314,000
Semi-AnnualGrade 6 – 12KRW657,000
Transport

A fee is charged if children wish to use the school bus at the beginning and end of the school day.

Busan
Ulsan
Geoje


KRW 2,522,000
KRW 4,414,000
KRW 4,492,000
SportsEach student needs to purchase a set of the sports uniform for PE and sports lessons.
Home SchoolHome school service application fee KRW 100,000 per child once a year
Library Access KRW 100,000 per child per term
After School Electives KRW 200,000 per child per term per elective

 

                                                                                                                                Refund

When applicable, 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
2) 1st half of a Semi-Annual : prorated refund, minus 10% administration charge.
3) 2nd half of a Semi-Annual : No refund.
                                                                                                                Term of SY 2018-19  
                                                                                                   Annual: 13-Aug-2018 ~ 12-Jun-2019
                                 1st Semi-Annual                             2nd Semi-Annual
1st half2nd half1st half2nd half
13-Aug-2018
~ 17-Oct-2018
18-Oct-2018
~ 17-Jan-2019
18-Jan-2019
~  9-Apr-2019
10-Apr-2019
~ 12-Jun-2019

 

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 name of 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 finance@bifskorea.org. Please use the following bank details.

Bank NameKEB Hana Bank
Branch NameJangsan-yeok Branch
Account Number
(KRW Account)
329-890010-46004
Account Number
(USD Account)
329-890023-76438
SWIFT CodeKOEXKRSE
Bank Address48, Sesil-ro, Haeundae-gu, Busan, South Korea 48110
Bank ContactTel: +82 51 722 1111
Fax: +82 51 702 8633
Beneficiary NameBusan International Foreign School (부산국제외국인학교)
Beneficiary Address50 Gijang-daero, Gijang-eup, Gijang-gun, Busan, South Korea 46081
Beneficiary ContactTel: +82 51 742 3332
Fax: +82 51 742 3375

(2) in cash
Please keep the receipt after you made the payment. Please be advised that school has the right to request your receipt as proof of payment.

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 Busan International Foreign School.

Payment Due Dates

FOR RETURNING STUDENTS

1.To continue enrollment at Busan International Foreign School in the 2018-19 school year, any amounts owed for the 2017-18 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 23, 2018. The re-enrollment payment will be applied to tuition due for the 2018-19 school year.
2.The first invoice (all payment types) for 2018-19 academic year is due on or before July 31, 2018
3.The second invoice (2nd Semi-Annual) for 2018-19 academic year is due on or before January 11, 2019

NEWLY ENROLLED STUDENTS

Payment of all tuition and fees is due as per the tuition and fee statement forwarded to your email account.

LATE FEES

A late fee for the outstanding balance can be charged for any payments received after the applicable due date.