School Plan is a school fee payment service that spreads school fees out into manageable monthly payments.
School Plan pays your child’s school fees directly into the school’s account when they are due, while you pay School Plan back in easy-to-manage monthly instalments. School Plan can be used to assist with managing the payments of private school fees and independent and public school fees: which exceed $1000 per annum.
There are no penalties for early termination and there is no GST payable on the service provided by School Plan.
A service fee is charged based on the value of the school fees to be paid by School Plan and your choice between the standard School Plan service, or the additional benefits provided by School Plan Plus.
The service fees outlined below apply regardless of the time of year in which membership is granted.
|Fees to be covered*||School Plan||School Plan Plus|
|$1,000 – $15,000||3.95%||5.45%|
|$15,001 - $25,000||4.25%||5.75%|
|$25,001 and above||4.45%||5.95%|
* Does not include fees in arrears or variable expenses.
School Plan will advise you on what your instalments will be. However, if you know what your annual school fees are, you can easily calculate your monthly instalments. Simply add the school fees to be paid and the School Plan service fee together and divide by the number of months remaining in the calendar year (depending on the school year being funded).
The following example shows how the monthly instalments are calculated for a family with annual school fees of $6,000, and instalments beginning in January.
|Annual School fees||$ 6,000.00|
|Add service fee 3.95% - Refer table above||$ 237.00|
|Total fees to be funded||$ 6,237.00|
|Divided by 12 monthly instalments||$ 519.75|
Please note: Once membership is approved, the family's instalments to School Plan are spread over the remaining months of the school year to be funded.
School Plan requires the first two instalments from you before any payment can be made to the school on your behalf.
To apply for membership, please carefully read the terms and conditions before completing the Application Form and the Direct Debit Request Form. The terms and conditions are outlined along with the Application Form and Direct Debit Request Form in the links above.
Mail the Application Form, along with a copy of your current drivers license, to our freepost address:
Reply Paid 62131
OAKLEIGH VIC 3166
You must clearly indicate your choice between School Plan and School Plan Plus by ticking the appropriate box on the Application Form.
(NB: Where applicable, both parents/ guardians are to sign the application form).