Options for Tuition
For over a quarter century Runnels School has employed a unique system for the payment of tuition that has benefits for the parents as well as for the school.
The guiding principle has been very simple: the earlier you pay tuition and fees, the less it should cost you. The most basic example is that prepaid annual tuition involves fewer dollars than twelve monthly tuition payments (and this is not unique to Runnels). An extension of this notion, in effect since 1981, has been our payment-date-dependent annual tuition schedule -- tuition amounts change every half month.
The advantage to parents of discounted tuitions is obvious, but it also benefits the school to have early use of the tuition dollars for preparing instructional space and materials. Parents and the school both benefit from the budgetary predictability that is implied by advance enrollments and payments.
The logical progression of these notions, the discounted prepaid Multi-Year Enrollment, was introduced in the mid-1980's, and has been a popular option for many parents ever since. The percentage of students enrolled under this option at any one time has generally been in the 5 - 10 percent range. Discounts for these contracts range from 5% (two prepaid years) to 42% (twelve prepaid years). A further benefit for parents is that any tuition increases adopted by the Board of Trustees during the tenure of an advance payment option have no effect for those students.
All prepayment options are extremely restrictive insofar as cancellation and refunds are concerned. Parents should carefully read the rules on second page of the enrollment agreement.
Tuition schedules are determined by the Runnels School Board of Trustees.