Fees

Fees for 2017 have yet to be finalised.

2016

Entry Fees (paid upon acceptance of a place):

$920 comprising:

University of Otago students (38 week contract)

Option 1

Lump Sum Payment

Payment Amount

Due Date for Payment

 

Lump Sum payment is payable by internet banking or cheque

$13,962

31 January 2016

 

Option 2

Four Instalments

Payment Amount

Due Date for Payment

Instalments are payable by internet banking or cheque

 

Instalment 1*

*$3,492

31 January 2016

 

Instalment 2

$3,490

15 April 2016

 

Instalment 3

$3,490

17 June 2016

 

Instalment 4

$3,490

19 August 2016

 

Option 3

Instalment 1 + 36 Weekly Direct Debit Payments

Payment Amount

Due Date for Payment

Instalment 1 is payable by internet banking or cheque

*$8,022

31 January 2016

Instalment 1 (*$8,022) due by 31 January 2016, plus 36 consecutive weekly payments of $165, which will be direct debited from your nominated bank account on the due dates outlined in this schedule. The weekly direct debits will commence on Thursday 3 March and conclude with the final payment on Thursday 3 November (36 consecutive weeks).

A completed and signed direct debit form must be returned by 31 January 2016

 

 

 

36 x $165

 

 

3 March 2016

to

3 November 2016

 

Option 4

Instalment 1 + 36 Weekly Direct Debit Payments

Payment Amount

Due Date for Payment

Instalment 1 is payable by internet banking or cheque

*$4,422

31 January 2016

Instalment 1 (*4,422) due by 31 January 2016, plus 36 consecutive weekly payments of $265, which will be direct debited from your nominated bank account on the due dates outlined in this schedule. The weekly direct debits will commence on Thursday 3 March and conclude with the final payment on Thursday 3 November (36 consecutive weeks).

A completed and signed direct debit form must be returned by 31 January 2016.

 

 

 

36 x $265

 

 

3 March 2016

to

3 November 2016

The weekly payments for Option 3 ($165) and Option 4 ($265) will be direct debited from your nominated bank account on the dates listed below:

Week 1 to 9

Week 10 to 18

Week 19 to 27

Week 28 to 36

03/03/16

05/05/16

07/07/16

08/09/16

10/03/16

12/05/16

14/07/16

15/09/16

17/03/16

19/05/16

21/07/16

22/09/16

24/03/16

26/05/16

28/07/16

29/09/16

31/03/16

02/06/16

04/08/16

06/10/16

07/04/16

09/06/16

11/08/16

13/10/16

14/04/16

16/06/16

18/08/16

20/10/16

21/04/16

23/06/16

25/08/16

27/10/16

28/04/16

30/06/16

01/09/16

03/11/16

 

*Amount for Instalment 1 will vary for Macalister Wing rooms.

Note:Residents arriving before the start of the academic year or staying after the contracted period (20th February to 12th November 2016) must receive the prior approval of the Head of College and may be charged an additional daily rate.

Alternative Payment Options:

The College acknowledges that the payment options listed in this Fee Schedule may not suit the financial circumstances of all its residents. Please contact the College to discuss alternative payment arrangements if you are unable to commit to any of the options listed above.

 

NON-UNIVERSITY OF OTAGO STUDENTS (40 WEEK CONTRACT)

Option 1

Lump Sum Payment

Payment Amount

Due Date for Payment

 

Lump Sum payment is payable by internet banking or cheque

$14,697

31 January 2016

 

Option 2

Four Instalments

Payment Amount

Due Date for Payment

Instalments are payable by internet banking or cheque

 

Instalment 1*

*$3,675

31 January 2016

 

Instalment 2

$3,674

15 April 2016

 

Instalment 3

$3,674

17 June 2016

 

Instalment 4

$3,674

19 August 2016

 

Option 3

Instalment 1 + 36 Weekly Direct Debit Payments

Payment Amount

Due Date for Payment

Instalment 1 is payable by internet banking or cheque

*$8,757

31 January 2016

Instalment 1 (*$8,757) due by 31 January 2016, plus 36 consecutive weekly payments of $165, which will be direct debited from your nominated bank account on the due dates outlined in this schedule. The weekly direct debits will commence on Thursday 3 March and conclude with the final payment on Thursday 3 November (36 consecutive weeks).

A completed and signed direct debit form must be returned by 31 January 2016

 

 

 

36 x $165

 

 

3 March 2016

to

3 November 2016

 

Option 4

Instalment 1 + 36 Weekly Direct Debit Payments

Payment Amount

Due Date for Payment

Instalment 1 is payable by internet banking or cheque

*$5,157

31 January 2016

Instalment 1 (*$5,157) due by 31 January 2016, plus 36 consecutive weekly payments of $265, which will be direct debited from your nominated bank account on the due dates outlined in this schedule. The weekly direct debits will commence on Thursday 3 March and conclude with the final payment on Thursday 3 November (36 consecutive weeks).

A completed and signed direct debit form must be returned by 31 January 2016.

 

 

 

36 x $265

 

 

3 March 2016

to

3 November 2016

The weekly payments for Option 3 ($165) and Option 4 ($265) will be direct debited from your nominated bank account on the dates listed below:

Week 1 to 9

Week 10 to 18

Week 19 to 27

Week 28 to 36

03/03/16

05/05/16

07/07/16

08/09/16

10/03/16

12/05/16

14/07/16

15/09/16

17/03/16

19/05/16

21/07/16

22/09/16

24/03/16

26/05/16

28/07/16

29/09/16

31/03/16

02/06/16

04/08/16

06/10/16

07/04/16

09/06/16

11/08/16

13/10/16

14/04/16

16/06/16

18/08/16

20/10/16

21/04/16

23/06/16

25/08/16

27/10/16

28/04/16

30/06/16

01/09/16

03/11/16

 

*Amount for Instalment 1 will vary for Macalister Wing rooms.

Note:Residents arriving before the start of the academic year or staying after the contracted period (20th February to 12th November 2016) must receive the prior approval of the Head of College and may be charged an additional daily rate.

Alternative Payment Options:

The College acknowledges that the payment options listed in this Fee Schedule may not suit the financial circumstances of all its residents. Please contact the College to discuss alternative payment arrangements if you are unable to commit to any of the options listed above.

StudyLink (Living Costs)

What is the difference between the amount paid by StudyLink and the actual cost of Salmond College?

Fees 38 weeks @ $362.00

$13,962.00

Less StudyLink Payments 36 weeks @ $165.00

$5,940.00

Balance (Instalment 1) due by 31 January 2016

$8,022.00

StudyLink recommend that you refer to http://studylink.govt.nz/student-allowance/how-much-student-allowance-you-could-get.html to get further information on your entitlements.

Under the Student Loan scheme, students are required to nominate weekly payments which will be paid by direct credit into their personal account - it is not possible to have StudyLink pay the money directly to Salmond College.

Loan Application Forms: You can apply for a student loan online at http://studylink.govt.nz/how-to-apply/ or by phoning their Freephone number 0800 88 99 00. This should be done as soon as possible.

Invoices and Statements

An invoice for the first instalment will be sent to your home address in mid-December. This must be paid directly into our account or by cheque made out to 'Salmond College' by 31 January 2016 or the offer of a place will lapse. Invoices for the other two instalments will be given to the resident at least two weeks prior to the due dates. Stamped envelopes are available at the office for residents to send these invoices home for payment if needed.

Instalments that are not paid by these dates will incur a penalty charge of 1% for each week that they are overdue. The College reserves the right to request the University/Polytechnic to withhold student's results and resistration until the account is brought up to date.

Note: Residents arriving before the start of the academic year or staying after the contracted period (20 February to 12 November) will be charged an additional daily rate.

College bank account details are:

 

Account Name:

Knox College and Salmond College Incorporated

Bank:

Bank of New Zealand

Branch:

Dunedin

Account Number:

02-0900-0060690-00

Swift/ISN Number:

BKNZNZ22

Payments must iinclude the resident's reference number that is printed on the invoice.

Refunds

Refunds are not given when residents have extra holidays during the year or absent themselves from the College. Refunds will be given in exceptional circumstances or when negotiated well in advance with permission of the Board of Knox College and Salmond College Incorporated.

Payment Methods

All amounts are in New Zealand dollars and are payable in cash (in person only), cheque, or internet banking. Any and all bank fees associated with transferring funds are borne by the applicant. Any bank fees unaccounted for in the amount transferred will be recouped.

Financial Difficulties

Residents who are having problems meeting the fees instalments on time should seek advice from the Administration Officer, Head of College or Deputy Head as early as possible.