MADISON-RIDGELAND ACADEMY
2008-2009 TUITION AND FEES

REGISTRATION FEES:

K3: $300.00 PER CHILD*
4-1-08 AND AFTER: $400.00 PER CHILD**

K4 & K5: $325.00*
4-1-08 AND AFTER: $425.00 PER CHILD**

GRADES 1 – 3: $475.00 PER CHILD*
4-1-08 AND AFTER: $575.00 PER CHILD**

GRADES 4 - 5: $575.00 PER CHILD*
4-1-08 AND AFTER: $675.00 PER CHILD**

GRADES 6 - 7: $550.00 PER CHILD*
4-1-08 AND AFTER: $650.00 PER CHILD**

GRADE 8: $560.00 PER CHILD*
4-1-08 AND AFTER: $660.00 PER CHILD**

GRADES 9-12: $585.00 PER CHILD*
4-1-08 AND AFTER: $685.00 PER CHILD**

**The $100 dollar increase applies to current patrons only.
*New families pay the amount denoted by the single asterick.

TUITION PER STUDENT TUITION TOTAL MONTHLY
BEG. 8-1-08 OR 1-15-09

K3 THREE DAY PROGRAM:
$2,950.00 PER YEAR.... $295.00 PER MONTH (10 MONTHS)

K3 FIVE DAY PROGRAM:
$3,900.00 PER YEAR.... $390.00 PER MONTH (10 MONTHS)

K4 & K5:
$4920.00 PER YEAR.... $410.00 PER MONTH (12 MONTHS)

GRADES 1 – 5:
$6540.00 PER YEAR.... $545.00 PER MONTH (12 MONTHS)

GRADES 6 – 11:
$6780.00 PER YEAR.... $565.00 PER MONTH (12 MONTHS)

GRADE 12:
$6780.00 PER YEAR...$678.00 PER MONTH (10 MONTHS)

TUITION MUST BE PAID IN ONE OF THE FOLLOWING METHODS:

1. PAYMENT IN FULL WITH A POST DATED CHECK FOR 8-1-08. (DISCOUNT OF 2.5% IS ALLOWED ON THE TOTAL ANNUAL TUITION IF PAID IN FULL BY 8-1-08.)

2. PAYMENT IN TWO EQUAL INSTALLMENTS WITH CHECKS POST DATED FOR 8-1-08 & 1-1-09.

3. MONTHLY BANKDRAFT ON THE 1ST OR 15TH OF EACH MONTH.

FAMILY DISCOUNTS:
GRADES K3-12

2ND CHILD ONLY IN ATTENDANCE AT MRA: 5%
3RD CHILD ONLY IN ATTENDANCE AT MRA: 15%
4TH CHILD ONLY IN ATTENDANCE AT MRA: 30%

MEMBERSHIP FEE:

A ONE TIME CAPITAL CONTRIBUTION OF $1,000.00 IS REQUIRED FOR EVERY NEW FAMILY ADMITTED TO MRA IN GRADES K3-12 AND IS PAID ON THE FOLLOWING SCHEDULE:

K3 $400.00 PAYMENT IN FULL BY 8-1-08.... $44.00 PER MONTH (10 MONTHS)$400.00 IS DUE UPON ENTERING K4 AND $200.00 DUE UPON ENTRANCE TO K5.)

K4 $800.00 PAYMENT IN FULL BY 8-1-08... $88.00 PER MONTH (10 MONTHS)($200.00 IS DUE UPON ENTERING K5.)

GRADES K5-12 $1,000.00 PAYMENT IN FULL BY 8-1-08.... $110.00 PER MONTH (10 MONTHS)

**** THERE IS A 10% INTEREST CHARGE FOR CAPITAL PAID IN INSTALLMENTS.****

PATRONS WHO ENROLLED PRIOR TO 1994-95 ARE UNDER THE PRIOR CAPITAL FEE SCHEDULE. CAPITAL PAID UPON INITIAL ENROLLMENT WAS $600.00. A CAPITAL FEE OF $100.00 IS DUE FOR EACH CHILD UPON ENTERING THE 9TH GRADE.

OTHER FEES:

NEW STUDENT TESTING FEE $ 35.00
DRIVER’S EDUCATION 125.00
ELS LAB PER SEMESTER 300.00
RESOURCE CLASS 120.00

NOTATIONS: REGISTRATION FEES, MEMBERSHIP FEES, AND SPECIFIC CLASS FEES ARE NOT REFUNDABLE AND CANNOT BE APPLIED TO OTHER FEES DUE MRA. CLASS SPACE WILL NOT BE RESERVED UNLESS WE HAVE ALL APPLICABLE FEES AND A SIGNED TUITION CONTRACT.