Reduction for early full payment
4500 – .02 x 4500 = 4500 – 90 = 4410.
At the time of registration, parents/guardians must pay a deposit of $1000. (You receive the registration materials by email along with word of admission.) The rest of the fee need not be paid until May 31. However, paying early helps us keep down costs, so we offer a generous incentive. For each full month prior to May 31 that your full fee is received, there will be a 1% reduction.
Example. Suppose your full payment is received March 20,
which is 2 full months before the May 31 due date.
Then you need only pay
Now suppose that your full fee is only $4250, because your student received an AMC8 pefect score.
Then in mid March you need only pay
(4500-250) – .02 x (4500-250) = 4250 – 85 = 4165.
Worried about paying early because later you may change your mind? The same policy applies to refunds of early full payments as applies to deposits. You get everything except $100 back. See Refunds for details and special cases.
You want to pay in the fall to get a big reduction, but you don't know yet if you qualify for a scholarship because the exam is yet to be taken?
and pay. The scholarship amount will be refunded, less its part of the reduction.
You pay on October 15 and learn on March 25 that you qualify for a $250 scholarship from the AMC10B. On October 15 you paid 4500 x (1–.07); you got a 7% reduction for paying 7 full months early from the May 31 final payment deadline. Had you already known on Oct 15 that you were eligible for a $250 scholarship, you would instead have paid (4500 – 250) x (1–.07), that is, 250 x .93 = 232.50 less. So we will refund the $232.50 or put it in your camp spending account.
Questions or concerns? Send email to our Treasurer.