PAYMENT PLANS
ISTIA recognizes that not all families can afford to pay tuition in a lump sum. To accommodate diverse financial situations, we offer a variety of payment plans. These flexible options are designed to ease the financial burden on families, enhance their satisfaction, support the right to education for all, and contribute to the success of our Academy. By doing so, we positively impact communities and the future of our youth.
We are offering multiple payment options benefit all parties involved. The following outline explains how these payment plans are advantageous for both families and our institution.
PAYMENT PLAN OPTION- LUMP
Families with the financial resources to pay the entire tuition upfront can opt for the Lump Sum payment plan. This option, available at the start of the academic year, is ideal for those who prefer to settle their educational expenses in one payment. Choosing the Lump Sum plan simplifies the payment process and comes with a 10% discount on the total tuition fee, providing significant savings. Additionally, this option ensures that families do not have to worry about recurring payments throughout the year, allowing them to focus on their child’s education without financial stress.
PAYMENT PLAN OPTION- INSTALMENT
Families who prefer to spread out the cost of tuition over several months can choose the instalment plan. Under this option, families make smaller monthly payments throughout the academic period. To enrol in the Instalment Plan, a down payment of 10% of the total tuition fee is required, followed by equal monthly payments for the remaining balance. This plan is particularly suitable for families who need to manage their budget by distributing the tuition costs over time. It provides flexibility and makes education more accessible by easing the immediate financial burden.
PAYMENT PLAN OPTION- 10% DEPOSIT WITH THREE INSTALMENTS
Families can opt for the 10% Deposit with Three Instalments plan to distribute tuition payments across the academic year. To enrol in this plan, families need to make an initial deposit of 10% of the total tuition fee. The remaining balance is then divided into three instalments:
- 30% of the tuition must be paid by the end of April.
- An additional 50% is due by the end of July.
- The final 10% must be paid before the end-of-year exams.
This payment plan is ideal for families who prefer a structured approach to managing tuition costs over the year, allowing them to align payments with their financial planning and obligations.
TUITION PAYMENT TERMS AND CONDITOINS
- Upfront Payment Discount:Learners who choose to pay the entire tuition amount upfront will receive a 10% discount.
- Payment Timing:The full upfront payment must be made at the start of the academic year to qualify for the discount.
- Reservation of Rights:ISTIA reserves the right to cancel the upfront payment discount option at any time.
- Discount Scope:The 10% discount applies only to tuition fees and does not include other fees such as registration.
- Timely Payment Requirement:Failure to make the full upfront payment on time will result in the cancellation of the 10% discount.
- Monthly Instalment Plan:Learners may choose to pay tuition in smaller monthly instalments over the course of the academic period.
- Initial Down Payment:To enrol in the instalment plan, a down payment of 10% of the total tuition fees is required.
- Monthly Payments: Equal monthly payments are required for the remaining balance.
- Reservation of Rights: ISTIA reserves the right to cancel the instalment plan option at any time.
- Late Payment Penalty: Failure to make monthly payments on time will incur a late fee penalty.
- Plan Cancellation: Repeated late payments may result in the cancellation of the instalment plan, making the full tuition amount immediately due.
- Additional Fees: The instalment plan does not cover other fees such as registration, which must be paid separately.
These terms are designed to protect PAICTA from financial loss and ensure the sustainability of our payment options. Please review them carefully and reach out to our finance department at finance@istia.africa with any questions or concerns.
BANKING DETAILS
Standard Bank
Account ref: Registration (Initials & Surname)
Account ref: Tuition (Initials & Surname)
Account Name: Pan African Information Technology Association
Account Number: 04 328 854 5
Type of Account: Business Cheque Account
Branch code: 017445
Email: finance@istia.africa
Work Hours: 08:00 am – 16:30 Monday – Friday