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Private & Independent Schools
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[quote=Anonymous][quote=Anonymous]DD just accepted and we are wondering about the payment schedule - pay once (May) in full, pay in 2 installments (May + Jan) or 10 monthly installments (May-Feb). We are not super wealthy. What schedule would you choose or what do most people do?[/quote] I would do the 10 monthly assuming it is interest free and not a charge to do that...I mean, assuming you are paying $60,000, then you are earning say $54,000 * 4% interest for an average of 5 months = $900...so why not? Also, for many of the WCAC schools, if you decide to leave the school early, you aren't committed to paying the additional months. So, if you leave the school after paying 5 months, then you save the other 5 months, while if you pay 100% up-front they don't refund you. At least this is how SJC worked (kid graduated).[/quote]
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