2024-25 ACADEMIC YEAR

Girls Preparatory School offers several payment plans as listed below at no additional charge to families. Families who opt to pay in full before the 1st of July preceding the applicable school year or who chose the two-payment plan, do not receive a FACTS fee with those plans. Under the federal Truth in Lending Act (TILA), this $300 fee effectively constitutes a finance charge for families who opt to pay in the ten-pay payment plan. Accordingly, under TILA, we are required to disclose the following information to you prior to entering into an enrollment or payment plan arrangement:

DEFINITIONS:

• Payment Schedule: The number and timing of the payments
• Annual Percentage Rate (APR): The cost of the FACTS fee expressed as a yearly interest rate.
• Finance Charge: The dollar amount of the fee ($300 FACTS fee for the ten-pay payment plan).
• Amount Financed: The total tuition amount due.
• Amount per Payment: Amount paid on each due date under the payment plan including the fee.
• Total of Payments: The amount you will have paid when you have made all scheduled payments. 

TEN MONTH PAYMENT PLAN:

Monthly, July 2024 to May 2025	APR	FINANCE CHARGE	AMOUNT FINANCED	AMOUNT PER PAYMENT	TOTAL OF PAYMENTS
Middle School	2.50%	$300	$29,990	$3,029	$30,290
Upper School	2.38%	$300	$31,400	$3,170	$31,700

IMPORTANT NOTES

• ITEMIZATION OF AMOUNT FINANCED
  • You have the right to receive an itemization of the amount financed upon request from Girls Preparatory School (GPS) Business Office.  Such requests must be made in writing to Mark Vosskamp, COO, via email to mvosskamp@gps.edu. 
• DEMAND FEATURES
  • In the event of late payment, non-payment, and/or breach of contract, GPS reserves the right to demand payment in full prior to the release of transcripts/grades.
• CONTRACT REFERENCE
  • Please see your Enrollment or Reenrollment Contract for further information regarding tuition and other fees, non-payment, and default.