The tuition for each term is due payable in full by the 20th of the month before the term begins (consult the KMI Academic Calendar). Since this can be a financial burden for many families, KMI does allow for payment plans similar to what the universities offer. Payment arrangements must be established before the term begins, and each payment must be made according to schedule regardless of any pending make-up or unused lessons. Payments may be made at the lesson before the due date, or may be mailed in to be received on or before the due date.
Option 1 (4-week): 50% of the tuition is due by the 20th of the month before the term begins, and 50% of the tuition is due by the 20th of the first month of the term (30 days later).
Option 2 (6-week): 40% of the tuition is due by the 20th of the month before the term begins, another 30% is due by the 15th of the first month of the term and the balance (30%) is due by the 10th day of the second month for the term (25 days later).
Option 3 (Monthly): Four payments of 27.5% of the tuition is due by the 20th of each month starting with the month before the term begins. The 27.5% includes 25% of the total term tuition plus a 2.5% surcharge (a total of 10% for the term).
Option 4 (Installments): Make payments on a regular basis so that the tuition is paid in full before the 20th of the month before the beginning of the term.
Payments may be made at the lesson before the due date, or may be mailed providing it is received on or before the due date. The cost of materials must always be paid immediately, in addition to the scheduled tuition fee payments.
Family Plans: All students enrolled from the same family (same account/payer), are billed tuition based on the total time enrolled of all students, and discounts are applied accordingly. Students may be added or dropped from the Family Plan at the beginning of each term without any penalty. Mid-term changes in the Family Plan are governed as described in the policies below.
Mixed Enrollment: Since it is highly likely that one family might have students enrolled in more than one program (level of payment), KMI has determined that the tuition for the entire family will be the average of all the rates applicable for the total amount of time enrolled: e.g. one student is enrolled in Young Artist Level 7 for 60 min., and one student is enrolled in Core Curriculum for 30 min. Their combined time is 90 min., so their tuition will be ($570 + $660) / 2 which equals $615. We have investigated a variety of similar formulas and this works out to be the easiest and fairest method for determining tuition for mixed enrollment.