Financial Overview

List of 5 items.

• Payment Plans

  
  

  Single Payment Plan - $44,470 (1% Cash Discount)
  Single Payment	Due February 21, 2024	$44,470
  Standard Payment Plan - $44,920
  First Fee Instalment	Due February 21, 2024	$14,920
  Second Fee Instalment	Due July 1, 2024	$15,000
  Third Fee Instalment	Due December 1, 2024	$15,000
  Monthly Payment Plan - $45,220 (1% Carry Charge)
  First Fee Instalment	Due February 21, 2024	$14,920
  10 monthly payments*	April 30, 2024 to January 31, 2025	$3,030

  
  **Monthly payments may be made via credit card, online banking or cheque due by the end of each month, or 10 post-dated cheques may be mailed to the school.**

• Payment Options

  Payments to Greenwood may be made by:
  
  

  1. Electronic fund transfer via automated bank machine, bank branch, telephone or online banking at the following financial institutions: Bank of Montreal, CIBC, HSBC, National Bank, RBC, Scotiabank, Simplii Financial, Tangerine, or TD Canada Trust.
  You will require your “Student ID” when registering with the online banking bill payment service. The ID is a five-digit numeric code located in the top right-hand corner of your Student Billing Statement.

  
  2. Cheque made payable to Greenwood College School.

  
  3. Visa or Mastercard via Billing>Current bill>Make payment on the school portal.

  
  Student Billing Statement notifications are emailed monthly to the email account(s) provided, unless the account has a zero balance. Late payment charges will be assessed for outstanding accounts at the rate of 1% per month.

• Financial Assistance

  Greenwood offers limited financial assistance to a small number of families, both current and incoming. We are hopeful that in the years to come, philanthropic support of our endowed funds will continue and the available funds will increase.

  
  

  This program is made possible by the Greenwood College School Foundation. The Foundation was created in 2003 to oversee endowment funds established through philanthropic support of the school.

  
  

  Families wishing to apply for financial assistance must complete the Financial Aid for Canadian Students (FACS) application through Apple Financial Services, a third-party financial aid service. Apple Financial will conduct a means test to recommend to the school the amount of financial assistance needed by the applicant. 

  
  

  Financial assistance applications for the 2024-2025 school year will close on December 22, 2023. Applicants awarded financial assistance will be notified on or immediately following the admission offer date. All applications for financial assistance are reviewed and evaluated independently from admission applications.

  
  For more information about student financial assistance, please contact Kelly Giannoccaro, Vice-Principal, Finance & Operations.

• Fee Policies

  Notice is required in writing to the Principal in the event a student withdraws after enrolment. The reason for withdrawal has no effect upon any fee payable. If written notice of withdrawal is received:
  
  On or before July 1
  

  • $14,920 is payable to the school through the forfeiture of the first fee instalment.

  After July 1
  

  • 100% of the annual tuition fee is payable to the school.

• Computer Equipment

  A laptop device that meets or exceeds our hardware requirements is required for all students. Students may purchase a computer through our third-party supplier or participate in the "Bring Your Own Device" (BYOD) program. Please refer to our comparison chart to determine which program better suits your child's needs.
  
  

  The cost of the school-selected laptop is $2,470 for 2023-2024; this premium cost includes:

  • all necessary software;
  • a three-year accidental damage plan; and
  • access to a loaner laptop pool should your child's device need repairs.  

  It is expected that when properly maintained, the school-selected laptop will meet Greenwood’s computer requirements for three years.