Korean Won		U.S. Dollars
Pre-School	5.900,000	and	2,700
Elementary School - Grades JK-5	10,900,000	and	5,200
Middle School - Grades 6-8	11,400,000	and	5,400
High School - Grades 9-12	14,750,000	and	6,000
British School - Reception - Year 8	11,900,000	and	6,100

Annual Bus Fee	1,920,000	or	1,600
High School Senior Fee	204,000	or	170
Early Exam Fee (per exam)	60,000	or	50
IB Fee-Junior Year	660,000	or	550
IB Fee-Senior Year	1,.320,000	or	1,100

Application Fee (Non-refundable)	220,000	or	180
Registration Fee (Refundable only if not Admitted)	440,000	or	365
Capital Fee (Refundable only if not Admitted)	2,400,000	or	2,000

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Please note that the School expects that payment of tuition will be made in both currencies in the amounts billed. This policy will ensure that the school will have the appropriate amount of U.S. dollars and Korean won for 2004-05 operations. In cases of hardship,
the School may allow payment all in one currency; the exchange rates used will be the average
basic rate for the month previous; there will be a service fee charged. Please contact the
Business Office (Mrs. Kim, direct line: 330-3134) to make these arrangements.


PAYMENT INSTRUCTIONS (an invoice for Tuition and Other Fees will be provided by the Business Office) :
► For Korean Won : Payment is made through the Korean GIRO system.
► For U.S. Dollars :
(1) By wire transfer to :

- Account Name : Seoul Foreign School
- Account No. : 154-00082-433
- Bank Address : KORAM Bank, Yonhi-dong Branch
                            Woojung Sports Center BD 194-30
                            Yonhi-3-dong, Seodaemoon-ku
                            Seoul, Korea
- Swift # : KOAMKRSE
- Chips Code : 209808
- Telephone : (82-2) 322-4100
- Fax : (82-2) 322-4105

(2) By personal check written on a U.S. Bank.

PAYMENT DUE DATES :
► FOR RETURNING STUDENTS - Payment of a minimum of 25% of tuition is due on or
before April 30, 2004. The balance of tuition and fees are due on or before July 30, 2004,
unless the installment plan option is selected.
► NEWLY ENROLLING STUDENTS - Payment of all tuition and fees is due within 30 days
after admission or prior to the first day of classes, whichever date occurs first.
Installment payment plan options are normally available only to new students enrolling prior
to the first day of classes in August..
► LATE FEES - Late Fees may be charged for any payments received after the due date.

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PLEASE NOTE : Late Entry Discounts and Early Withdrawal Refunds are not based on number of days or a “prorata” calculation and Early Withdrawal Refunds are not available for families using the installment plan to pay tuition and bus fees. Please note that in the event of FORCE MAJEURE, which causes a student or students to withdraw from the School, tuition and fees already paid for the school year, and normally partially refunded in accordance with the Early Withdrawal Refund Schedule, will not be refunded and any tuition and fees that are unpaid will be due and payable. Force majeure is defined as an event or effect, such as war, civil strife, labor unrest, or extreme weather, that cannot be reasonably anticipated or controlled and would adversely affect the School’s financial condition. This policy is necessary to ensure the financial stability of the School and to provide resources for continued operations after the force majeure event has passed. Appeals of the application of this policy in an individual case may be made to the Fiscal/Property Committee of the Seoul Foreign School Board.