2019 Fees

2019

Entry Fees (paid upon acceptance of a place)*:

$900 comprising:

*Please note Clause 5 of the Agreement for Admission which sets out the conditions for reimbursement of fees paid.  Usually, reimbursements of the entry fees are only granted if a resident withdraws BEFORE taking up residence at the beginning of the academic year.

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

$15,162

31 January 2019

 

Option 2

Four Instalments

Payment Amount

Due Date for Payment

Instalments are payable by internet banking or cheque

 

Instalment 1*

*$3,790.50

31 January 2019

 

Instalment 2

$3,790.50

12 April 2019

 

Instalment 3

$3,790.50

21 June 2019

 

Instalment 4

$3,790.50

30 August 2019

 

Option 3

Instalment 1 + 36 Weekly Direct Debit Payments

Payment Amount

Due Date for Payment

Instalment 1 is payable by internet banking or cheque

*$9,222

31 January 2019

Instalment 1 (*$9,222) due by 31 January 2019, 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 28 February and conclude with the final payment on Thursday 31 October (36 consecutive weeks).

A completed and signed direct debit form must be returned by 31 January 2019

 

 

 

36 x $165

 

 

28 February 2019

to

31 October 2019

 

Option 4

Instalment 1 + 36 Weekly Direct Debit Payments

Payment Amount

Due Date for Payment

Instalment 1 is payable by internet banking or cheque

*$5,622

31 January 2019

Instalment 1 (*$5,622) due by 31 January 2019, 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 28 February and conclude with the final payment on Thursday 31 October (36 consecutive weeks).

A completed and signed direct debit form must be returned by 31 January 2019.

 

 

 

36 x $265

 

 

28 February 2019

to

31 October 2019

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

28/02/19 02/05/19 04/07/19 05/09/19
07/03/19 09/05/19 11/07/19 12/09/19
14/03/19 16/05/19 18/07/19 19/09/19
21/03/19 23/05/19 25/07/19 26/09/19
28/03/19 30/05/19 01/08/19 03/10/19
04/04/19 06/06/19 08/08/19 10/10/19
11/04/19 13/06/19 15/08/19 17/10/19
18/04/19 20/06/19 22/08/19 24/10/19
25/04/19 27/06/19 29/08/19 31/10/19

*Amount for Instalment 1 will vary for Macalister Wing rooms which carries an additional cost of $45.00 per week..

Note:Residents arriving before the start of the academic year or staying after the contracted period (16 February to 9 November 2019) 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

$15,960

31 January 2019

 

Option 2

Four Instalments

Payment Amount

Due Date for Payment

Instalments are payable by internet banking or cheque

 

Instalment 1*

*$3,990

31 January 2019

 

Instalment 2

$3,990

12 April 2019

 

Instalment 3

$3,990

21 June 2019

 

Instalment 4

$3,990

30 August 2019

 

Option 3

Instalment 1 + 36 Weekly Direct Debit Payments

Payment Amount

Due Date for Payment

Instalment 1 is payable by internet banking or cheque

*$10,020

31 January 2019

Instalment 1 (*$10,020) due by 31 January 2019, 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 28 February and conclude with the final payment on Thursday 31 October (36 consecutive weeks).

A completed and signed direct debit form must be returned by 31 January 2019

 

 

 

36 x $165

 

 

28 February 2019

to

31 October 2019

 

Option 4

Instalment 1 + 36 Weekly Direct Debit Payments

Payment Amount

Due Date for Payment

Instalment 1 is payable by internet banking or cheque

*$6,420

31 January 2019

Instalment 1 (*$6,420) due by 31 January 2019, 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 28 February and conclude with the final payment on Thursday 31 October (36 consecutive weeks).

A completed and signed direct debit form must be returned by 31 January 2019.

 

 

 

36 x $265

 

 

28 February 2019

to

31 October 2019

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

28/02/19 02/05/19 04/07/19 05/09/19
07/03/19 09/05/19 11/07/19 12/09/19
14/03/19 16/05/19 18/07/19 19/09/19
21/03/19 23/05/19 25/07/19 26/09/19
28/03/19 30/05/19 01/08/19 03/10/19
04/04/19 06/06/19 08/08/19 10/10/19
11/04/19 13/06/19 15/08/19 17/10/19
18/04/19 20/06/19 22/08/19 24/10/19
25/04/19 27/06/19 29/08/19 31/10/19

*Amount for Instalment 1 will vary for Macalister Wing rooms which carries an additional cost of $45.00 per week.

Note: Residents arriving before the start of the academic year or staying after the contracted period (16 February to 23 November 2019) 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 @ $399.00

$15,162.00

Less StudyLink Payments 36 weeks @ $165.00

$5,940.00

Balance (Instalment 1) due by 31 January 2019

$9,222.00

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 'Knox College and Salmond College Incorporated' by 31 January 2019 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 (16 February to 9 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.

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  Head of College or Deputy Head, or the Administration team, as early as possible.