Payment & Refunds

For Tuition and School Fees

PAYMENT INSTRUCTION – KOREAN WON

Account Name     : Gyeongnam International Foreign School  (GIFS)

Account Number : 1005-901-370860

Bank Name          :  WOORI BANK  ( Sacheon Branch)

Bank Address       : #31, Oksan-ro, Sacheon-eup, Sacheon City, Gyeongnam, Korea 52519

Telephone             : (82-55) 852-6338

SWIFT Code        : HVBKKRSE

PAYMENT INSTRUCTION – US DOLLAR

Account Name     : Gyeongnam International Foreign School  (GIFS)

Account Number : 1081-400-431103

Bank Name          :  WOORI BANK  ( Sacheon Branch)

Bank Address       : #31, Oksan-ro, Sacheon-eup, Sacheon City, Gyeongnam, Korea 52519

Telephone             : (82-55) 852-6338

SWIFT Code        : HVBKKRSE

* For US Dollar payment, either Personal check or cash is also available besides bank transfer.

POLICY ON REFUNDS OF PAYMENTS

Please fill out GIFS form 101, Statement of Understanding on Withdrawal/Refund Policy and return with your completed application.

Any other payment arrangements must be coordinated with the school. Normally a 10% surcharge will be added for quarterly payments and 5% for semi-annual payments. A late fee of 5% for the Korean won tuition fee will be assessed on any outstanding balance remaining after the close of business on the due date—this includes any outstanding tuition fees.

ITEM FREQUENCY REFUND REMARKS
Registration Fee One Time Non-Refundable
Capital Fee One Time Non-Refundable
Technology Fee Yearly Non-Refundable
Curriculum Fee Yearly Non-Refundable
Athletic Fee Yearly Non-Refundable
IB Diploma Programme Fee Yearly Non-Refundable
School Tuition (US$) Yearly Non-Refundable
School Tuition Yearly Half  the Tuition Withdraw before Jan 1st
School Tuition Semi-Annually Non-Refundable
School Tuition Quarterly Non-Refundable
School Transportation Yearly Monthly Refund of the next month
School Lunches Yearly Monthly Refund of the next month