Due to the Covid-19 crisis, many job sectors at the global and local level have suffered, some more than others. The educational sector has been no exception.
Since the beginning of this crisis in Costa Rica, schools and colleges have been called to close their doors and venture into the world of online learning to ensure continuity during this time of crisis. The educational sector, as well as others around the country, has been negatively affected since it depends on monthly tuition payments from students. We have seen a particularly severe impact since we live in a tourist area, and the tourism industry has also taken a hit, as well as the education sector.
Our families suffered economic loss, and as a community-oriented school we took on the challenge of offering responsible and professional discounts to the monthly tuition payments for those families that were seriously affected. That way, the students could continue their education during this time of constant change. It has not been an easy road, but we have tried our best as individuals and as an institution to ensure that students do not lose the educational opportunities or the holistic benefits of FV. Thanks to the constant work of the administration and teachers, as well as the support of parents, the board of directors and individual donors we have had along the way, not everything is bad news! We have been able to continue offering education, new programs to support the social-emotional development of the students, as well as encouraging physical movement and sports for the students.
The donations we received helped us to leverage our resources, materials, and facility improvements to implement the recreational center and welcome the students into a new program.
Fortunately, 2019 was a very favorable year in terms of the finances of the institution, which allowed us to weather this crisis and provided economic support for practically all of 2020 for the families that requested it.
2021 will be a different year, full of challenges and the search for financial stability. Our challenge will be to seek new income through donations and sponsorships as well as to find alternative benefits and incentives for our staff and student groups.
Summary of financial information for 2021
- The general assembly has approved a maximum 15% increase in monthly dues for the year 2021, with the commitment of the Board of Directors and administrative staff to work to decrease this increase.
- A financial committee was formed to evaluate new forms of income and improve finances.
- Early registration fee valid until December 1st
- New Family Fee (may be paid in installments during the 2021 school year)
- Monthly tuition payments can be paid in two installments (on the 5th and 17th of each month) upon request.
- If you refer a student you’ll get a 5% discount each month that the new student stays at the institution
- If you make your annuity payment in January you will get a 5% discount on that amount.
