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.

For Boarding School Fees

PAYMENT INSTRUCTION – KOREAN WON

Account Name     : Gyeongnam International Foreign School  (GIFS)

Account Number : 1005-403-142711

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

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.

No boarding school related refunds will be provided to students who move within a 50km radius of GIFS during the academic year.

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 1, 2017
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
Boarding Fee Yearly 50% refund 1 week prior to academic year
Boarding Fee Yearly 50% refund Anytime in Semester 1
Boarding Fee Yearly 0% refund Anytime in Semester 2
Student Expense Account Fee Semi-Annually 100% refund