Capital Levy Certificate
It is the policy of the school that every student must have a Capital Levy Certificate (CLC) purchased or nominated in their name for attendance in school. The certificate is not transferable to another student. The admission of a student will not take place unless a CLC has been purchased for that student. The BIS Foundation offers two choices of CLC issues:
-A four-year CLC which is priced at US$ 10,000.
This issue is refundable, less amortization, when the student leaves
The issue date of the 4-year CLC will be from the beginning of the term in which
the student joins the school. Amortization is calculated as 1/12th of the initial value
per per term or part term of use, starting from the issue date.
-A one-year CLC which is priced at US$ 3,000.
This issue is non-refundable and depreciates fully on its use for a year or part
of year. The issue date will normally be the beginning of the school year in which
the student joins the school. Students joining during terms 2 and 3 will be
charged pro-rata, based on the number of full or partial half terms remaining in
the school year.
The admission of a student will not take place unless covered by a CLC.
Where any CLC expires and the student it covers wishes to remain in the School, a new CLC must be purchased.
Those who have held a four-year CLC but wish to purchase a one-year CLC on its expiry may do so, but at the price that is current at the time of issue of the new CLC.