1.      Enrollment Deposit:  A $100 Enrollment Deposit is required upon acceptance in order to secure your child’s place at Valeo Academy.  This deposit will be credited towards tuition.  Should you choose to withdraw your child from Valeo Academy after his/her place is secured, the deposit will not be refunded.  Delays in paying the enrollment deposit may result in losing your spot at Valeo Academy to another family.

2.      Early Enrollment Incentive:   In order to receive the Early Enrollment Incentive credit of $200.00 per student towards tuition, families must complete and submit the enrollment or re-enrollment application and a $100.00 enrollment deposit by April 1, 2010. Families who submit the enrollment application and deposit after this date will not qualify for the EEI rates, and the full 2010-2011 tuition rates will be charged.

3.   Family Referral Incentive: In order to receive the Family Referral Incentive credit of $500.00 per family towards tuition, families must complete and submit the Family Referral Form which is subject to school’s approval. The family that is referred must enroll and stay in school for the entire academic year for the credit to apply. If the referred family does not stay at least one semester the credit will not apply. If the referred family stays one full semester and leaves before completing the second semester, a $250.00 credit will be awarded. If the referred family stays for two full semesters, the whole $500.00 credit will be awarded. The credit will be applied to the last payment of the school year.

4.   Volunteer Opt Out Fee: The Volunteer Opt Out Fee is a $200 non-academic fee charged per student to families who do not complete 7 hours of volunteer time per student between July 1, 2010 and June 20, 2011. Volunteer partnership is key in the advancement of the school and reduces personnel cost. Volunteer service must be preapproved by the school and/or qualify with the school as volunteer service work. Volunteer time must be documented with the school at the time of service. The fee will be charged in June and may be applied to the last payment of year.

5.   Annual Plan: Payment is due in the administrative office on Friday, August 20, 2010 by 5:30pm. Please note that for any payments received after that time, the annual plan discount will be forfeited. Those who qualify for late enrollment status must have payments in the office by the child’s first day of school. Should payment not be made at that time, the annual plan discount will be forfeited.

6.   Semi-Annual Plan: Payments are due in the administrative office on Friday, August 20, 2010 and Tuesday, January 20, 2011 by 5:30pm. For any payments received after that time, the semi-annual plan discount will be forfeited. Those who qualify for late enrollment status must have payments in the office by the child’s first day of school. Should payment not be made at that time, the annual plan discount will be forfeited.

7.  10-Month Payment Plan: Those on the 10-Month Payment Plan will make their first payment directly to Valeo Academy. This payment is due on Friday, August 20, 2010. Remaining monthly payments will be made through ACH withdrawal.

8.   12-Month Payment Plan: Those on the 12-Month Payment Plan will make their first payment directly to Valeo Academy. This payment is due on Tuesday, July 20, 2010. Remaining monthly payments will be made through ACH withdrawal.

9.  Scholarships: A limited number of need-based scholarships will be available for the 2010-2011 school year. Discounts, credits or incentives are not applicable to scholarship recipients. For more information and to apply, please contact the office of Valeo Academy at 847-645-9300. Application Deadline is May 1, 2010.  

1. Financial forms: Families are required to complete both the Valeo Academy Financial Agreement, and the FACTS Payment Preference Form for admission to Valeo Academy.

2. Release of Records: All Valeo Academy accounts must show a zero balance each month, for any grades, progress reports, or report cards or school records to be released. Please note that students transferring to other schools will not have their records released to that school until accounts with Valeo Academy are current – no exceptions.

3. FACTS tuition payments: It is expected that monthly payments will be made according to the scheduled FACTS agreement. Valeo Academy understands, however, that unforeseen circumstances can occasionally occur. Should a need for a deferred payment arise, a change to that month’s FACTS payment may be requested by a family. All requests for changes to a FACTS payment must be made to the Valeo Academy office by filling out a Payment Change Form, no later than 2 weeks before the scheduled payment date. Only official FACTS payment change forms will be accepted (phone or verbal requests will NOT be honored) and must be accompanied with a brief written explanation stating the reason for the change. Families will be notified by the Valeo Academy Business Office regarding the status of their request.

*Please note that no more than two deferred payment requests per family per school year will be considered. Deferred payments will be treated as late payments and will, therefore, greatly delay the release of progress reports, report cards, and school records.

4. Past-due accounts: Students with accounts 60 days past-due will not be allowed to return to school until accounts are paid.

5. Unauthorized payment on FACTS ACH Transactions. Should an unauthorized withdrawal or a "stop payment" be placed on your account for a scheduled tuition withdrawal, thereby preventing the withdrawal of tuition, students will not be allowed to return to class until the scheduled tuition payment is made and the account is released for ACH withdrawals. A $25 reactivation fee will be added to your account to reactivate the tuition agreement.

6. Book Replacement Costs: Books must be returned to Valeo Academy for future use. Replacement costs for any books not returned or returned in non-usable condition will be billed to the parents.

7. Unresolved Balance Fees: Any unresolved balances older than 30 days will incur a $30 charge. Any fees due to Valeo Academy older than 30 days (After Care, Field Trip, Hot Lunch, etc.) will be added to the current FACTS balance.

8. Insufficient Funds: Any insufficient funds checks or charges will be charged a $25 processing fee. Students will not be allowed to return to class once the school is notified of an insufficient funds payment until the payment and fee are made.

9. Please do not place Valeo Academy payments in the church offering buckets. Payments placed in the Life Changers Church offering during services will not be credited to Valeo accounts.

10. Withdrawal: Once commitment to a school has been made, it is understood that commitment will be honored for its duration. Any withdrawals after the start of the school year must be made by filling out a Withdrawal from Enrollment form and delivering it to the Admissions Office no later than the day of withdrawal. Students will be considered and treated as active (and accounts will continue to be charged tuition and late fees) until a withdrawal from is completed. Failure to complete this form may result in additional administrative charges to the family.

11. No refunds for withdrawal, whether voluntary or involuntary, will be given after the first day of classes – no exceptions. Those on the 10-month payment plan will be charged an additional one month’s tuition regardless of the day of withdrawal.

12. Students who are asked to leave Valeo Academy for any reason will fall under the same financial category as withdrawn students.

13. Past-due accounts for withdrawn students must be settled immediately. All balances on withdrawn students’ accounts are expected to be paid within 60 days. Any accounts not settled by that time will incur an additional $10 fee for every week the balance is not paid. If the involvement of a collection agency for any account becomes necessary, any resulting additional fees incurred by the school will be charged to the family.  

Enrollment at Valeo Academy requires agreement to and compliance with its financial policies.