Part 1 - Financial Evaluation

Self Ratings : No Rating

Evaluator Ratings : No Rating

Evaluator Response

The school demonstrates careful planning in collecting its debts. The policy defines the procedures in case of late or unpaid settlements. APG finance department monitors the debts and communicates with the parents regarding tuition payments due. There are processes in place to collect dues and to minimize debt. The school has set the standards and schedule for the terms and forms of payment of tuition and other school fees, and these are communicated to the parents within a defined calendar. There are continuous and kind reminders to the parents throughout the year as well.

The school benefits from technology and cooperates with various financial institutions to provide online payment opportunities to parents. This has enabled the school to easily monitor payments and the parents to refrain from coming to school especially during the pandemic. The finance department cordially handles the debt management and strives to prevent any vulnerability to the school's finances.

The school demonstrates a clear act of community service when a family has financial struggles or when there is a broken family with issues affecting the child's education. In such cases the school considers this unpaid due as part of giving back to the community

and writes off the collection after carefully weighing the factors such as the child's years in the school, family background, and whether the child is an orphan. This is a very considerate and socially responsible act from the school and symbolizes the family feeling of the APG community.

Commendations

None at this time.

Recommendations

None at this time.