MONEY

Fee Paying Students

The accounts department will invoice termly and the College has two terms per year. In July, the Accounts department of UWC Atlantic will issue the first invoice according to the signed financial declaration issued at acceptance. The second invoice will be issued by 1st December and due for payment before January.

Spending (Pocket) Money

To minimise disparity between students, we recommend spending money be limited to no more than £500 per year.

We would stress that this limit is more than adequate for the student’s needs and would ask that parents adhere to the figure given. Please note that this recommended amount does not include the cost of calculators, personal trips away, non-curricular trips run by staff or transport to and from the College.

The £500 (£GB) should be deposited with the Accounts Office prior to arrival via bank transfer, or a £GB cheque made payable to ‘UWC Atlantic’ with the student’s name on the reverse side. Other currencies are not acceptable.

The college runs a ‘College Bank’ for all students whereby they can withdraw spending money 2 days a week.

Please note that we cannot accept cash directly from you or a student, so all deposits for the College Bank should be made by bank transfer.

Please state clearly your name, date of birth and the purpose of the transaction and send an email to accounts@uwcatlantic.org to let them know you have made the transfer.

In some instances, spending money allowances are provided by the student’s scholarship, and this money is paid directly to the student’s Pocket Money Account from the College Accounts Office.

Students may require additional funds to finance their projects in the middle of each term, but parents and sponsors should know that the College is committed to limit these additional expenses, and it is possible for students to undertake projects within the College at no extra cost at all.

Caution Fee

You are required to pay a Caution fee of £250. This should be paid via bank transfer. The Caution fee will cover any damage to College property such as lost/unreturned books, unpaid medical fees, travel for non-emergency medical appointments, damage to furniture, graffiti in rooms, lost documents, etc. If students do not leave their room tidy at the end of each term, we will deduct £50 from the caution fee. If necessary, the caution money balance should be topped up to £250 at the beginning of the second year. The balance will be refunded at the end of your two years after any deductions are made.

The College’s bank account: UWC Atlantic College

Bank: Royal Bank of Scotland plc 62/63 Threadneedle Street London, EC2R 8LA

Sort code: 16-00-15

Account number: 23111414

Swift/BIC: RBOSGB2L

IBAN: GB89 RBOS 1600 1523 1114 14

Please state clearly your name, date of birth and the purpose of the transaction and send an email to accounts@uwcatlantic.org to let them know you have made the transfer.

Please note: When transferring a combination of different payments in one amount, it is vital that the email contains a breakdown of what is being paid so that it can be correctly recorded (eg. caution fee £x and pocket money £x).