Fees

Acceptance Fee

Non-refundable fee due upon acceptance of a place:

New Members NZD$1,100.00
Returning Members NZD$550.00

Please note that the acceptance fee is not a deposit against accommodation fees (see below). In most cases, the acceptance fee is not covered by an entrance scholarship.

2024 Accommodation Fees

When paid in full on or before Friday, 19 January 2024, accommodation fees for the 2024 academic year are:

New Members NZD$19,963.30
Returning Members NZD$18,699.80

The above amounts include a 5% discount to the total fee amount (i.e. the amount due if paying by instalment - see below).

Instalment payments

As an alternative to the discounted amounts above, accommodation fees can also be paid in either four or eight equal instalments.

  New Members Returning Members
Total 2024 accommodation fees when paying by instalment

NZD$21,014.00

NZD$19,684.00

Instalment amounts
Due dates are listed below

4 x NZD$5,253.50

8 x NZD$2,626.75

4 x NZD$4,921.00

8 x NZD$2,460.50

If you elect to pay by instalment you will be sent an invoice at least 21 days prior to each instalment's due date.

The due dates for instalment payments are:

Four instalments Friday, 19 January 2024
Friday, 22 March 2024
Friday, 24 May 2024
Friday, 26 July 2024
OR
Eight Instalments Friday, 19 January 2024
Friday, 23 February 2024
Friday, 22 March 2024
Friday, 26 April 2024
Friday, 24 May 2024
Friday, 21 June 2024
Friday, 26 July 2024
Friday, 30 August 2024

A late payment surcharge may apply if fees remain unpaid after the relevant due dates.

Please note that we are unable to offer any other payment options.

Choice of payment option

We will request the preferred payment option when confirming acceptance of a place for the year. Invoices for either the full or first instalment amounts will be emailed in early to mid-December for payment by the January due date listed above.

Entrance Scholarships

Entrance Scholarships are applied to accommodation fees in the first instance, and we will take care of the arrangements to obtain scholarship funds from the University. The scholarship amount will appear as a credit on your accommodation fee invoice. If you elect to pay in full, the credit will be applied to the discounted amount shown above. If paying by instalment, the credit will be spread equally across the instalment amounts.

For example, a $6,000.00 scholarship and paying:

Full payment by Friday, 19 January 2024
With a 5% discount

$19,963.30 - $6,000.00 = $13,693.30

4 instalments
Each payment

$5,253.50 - ($6,000.00 ÷ 4) =

$5,253.50 - $1,500.00 = $3,753.50

8 instalments
Each payment

$2,626.75 - ($6,000.00 ÷ 8) =

$2,626.75 - $750.00 = $1,876.75

Residential Dates in 2024

The move-in period is 9:00 am on Saturday, 17 February 2024 - 4:00 pm on Sunday, 18 February 2024.

The fees above cover accommodation for the period Saturday, 17 February 2023 to 24 hours after the student's last exam or Sunday, 10 November 2024, whichever date is the earliest. Members are required to leave within 24 hours of the last exam in the interests of those still studying. Any exemption will only be given by the Master and a daily charge will apply.

Please note that for those who are required to start their course earlier than Saturday, 17 February 2024 and wish to stay at the College, an additional daily charge will apply.

2025 Accommodation Fees

Fees for the 2025 academic year will be available in mid-2024.

Accommodation for Parents

Unfortunately, we cannot accommodate parents at the College should they wish to accompany you at the start of the academic year. There are plenty of other accommodation options in the vicinity or further afield in Dunedin.

Bonds

St Margaret's College does not charge a bond.

Payment Methods

Fees can be paid by direct credit, Eftpos (in person), credit card (in-person or online - subject to a 2.5% surcharge to cover charges), or international (telegraphic) transfer. Bank account and telegraphic transfer details are provided on invoices. Cash or cheque payments are not accepted.

The College is not responsible for any bank and/or currency conversion charges associated with making international transfers. These charges can vary from bank to bank, and as such Members’ should make these payments with field 71A option OUR selected, i.e. sender pays all fees.

Refunds

Refunds are not given when students have extra holidays during the year or absent themselves from the College.

Student Loans

StudyLink will not directly pay for residential college accommodation fees. Depending upon your circumstances, you may be eligible for the student allowance, which may be accumulated and put towards instalment payments.