How it works with Edufinancial

Plan Application Guidelines

Paying school fees by instalment makes good sense,however, setting up an arrangement with the school can be an uncomfortable experience for some. Edufinancial liaises.

• Once your application has been approved, Edufinancial liaises with your child’s school to obtain their fee schedule. We then calculate your monthly instalments based on the school fees to be funded and the applicable Edufinancial interest. This figure will be confirmed in the letter of confirmation, which we will send you.
• Your monthly instalments to Edufinancial are deducted by direct debit from your nominated bank account or paid directly into Edufinancial bank account on the first working day of each month with the exception of January, which will be deducted on the 15th of the month.
• Edufinancial pays your child’s school fees directly to the school when they are due, provided your instalments to Edufinancial are up to date.
• Towards the end of the school year , Edufinancial will send you a renewal form inviting you to re-apply for the next school year. There are no penalties for early cancellation.