Tuition and Fees

TUITION & REGISTRATION INFORMATION

PRE-K PROGRAMS:

Our advertised tuition per child per year is only 30%-50% of the actual tuition cost for educating a child at Furqaan Academy.

The remaining amount is subsidized by donations received for Furqaan Academy.

(Integrated Program, maximum 10 installments allowed; Full time Hifdh Program, maximum 12 installments allowed.
Please note, for purposes of calculating discounts for families with more than one child in attendance, the child with the highest tuition will be considered the first child.)

OTHER FEES

*subject to adjustment

Get 6 donors for $50/month or 10 donors for $30/month and receive $300 discount on yearly tuition for one child.

(Integrated Program, maximum 10 installments allowed; Full time Hifdh Program, maximum 12 installments allowed.
Please note, for purposes of calculating discounts for families with more than one child in attendance, the child with the highest tuition will be considered the first child.)

PAYMENT PLANS

Full tuition is due at the time of registration. Furqaan Academy payment plans are provided as a courtesy for parents. Accepting a payment plan does not absolve the parent to pay the whole tuition amount.

Plan 1: One-time Payment up-front ($250 Discount)

Plan 2: Two payments – Half up-front & second half in January ($150 discount in January)

Plan 3: 9 Monthly payments.

Please note, all tuition collection is handled online through FACTS Tuition Management System. A $45 non refundable enrollment fee is charged per family.

TUITION CONTRACT

• All fees are non-refundable and due at the time of registration. Student’s seat can only be held upon payment of $250 for registration fee.
• Payments must be setup through FACTS management system. A $45 non refundable enrollment fee will be charged. If a payment is returned, a $30.00 FACTS returned payment fee will be assessed.
• A fine of $50 will be charged for tuition received after the 3rd of each month or for returned checks.
• Rates are subject to change. Changes in the tuition amount will be determined during the school year, and the increase will be within the range of 20% of the current fee structure
• When you pay by check, tuition will be withdrawn from your account on the same day the check is dated for.
• In the event a student withdraws during the school year, all balances owed to the school will be due immediately. If the student is withdrawn before November 30th due to unavoidable circumstances, 50% of the full year tuition will be due. If a student is withdrawn after November 30th, all tuition will be due immediately. Parents who choose to make monthly installments must pay the remaining tuition at the time of withdrawal.
• For families who have paid in full, there will be no tuition refunds after November 30th.
  If the student exits the school due to any reason, including administrative procedure such as expulsion or suspension, the tuition balance for that school year will be due immediately.

Non-Payment – In the event of non-payment of any Tuition or other fee due Furqaan Academy the Academy may, in its sole discretion suspend the Student from classes, refuse to allow the Student to take examinations, and/or withhold the reporting transcripts, grades, or diplomas as permitted by law. Payments that are 60 days late (or more) will result in your account being turned over to a collection agency.

Disputes

• We agree that in the event that Furqaan Academy becomes involved in any claim or dispute asserted by us, or on our behalf, regarding the Tuition Agreement and/or the education, suspension, or dismissal of the Student or we breach our obligations under this Agreement, and the Academy thereafter takes action to enforce its rights, then, in any event, we shall be obligated to reimburse the Academy for all its costs and expenses incurred, including reasonable attorney’s fees.
• Except as provided in (c) below, all controversies, claims, and disputes arising out of or relating to this Agreement, or the validity, , interpretation, breach, violation, or termination thereof, shall be finally and solely determined by Arbitration in Bolingbrook, Illinois, in accordance with the Commercial Arbitration Rules of the American Arbitration Association and this paragraph. Such arbitration shall be conducted by a panel of three arbitrators, one selected by the Academy, one selected by the Student’s parents, and the third appointed mutually by the arbitrators selected. The arbitrators may proceed to an award notwithstanding the failure of any party to participate in such proceedings.

The award of the arbitrator shall be 1) the sole and exclusive remedy of the parties, 2) enforceable in any court of competent jurisdiction, and 3) final and binding parties.

• Any action by the Academy to collect any unpaid Tuition or fees herein may, at the Academy’s election, be initiated in the Circuit Court of Will County, Illinois in lieu of subjecting said claim to arbitration.