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Financial Assistance for Elementary School students

The Board and the Council of ISL firmly believes that providing an opportunity to bring in more students from different families will significantly enrich our program and provide our students with more stimulating opportunities for dialogue and intellectual interaction, while also improving their English language skills.

Financial Assistance for Elementary School students is intended to provide opportunities to students with a proven record of excellence and citizenship which meet the requirements to attend and enrich ISL.

  • Financial Assistance to the children of overseas hired staff will be provided as stated in the Faculty Handbook.
  • Financial Assistance to other Pre2 to Grade 5 students may be available via an application and approval process through the Financial Assistance Committee (FAC). 
  • The ISL Financial Assistance may include Registration fee, Capital fee and Tuition waiver, or any part thereof.
  • The School is not required or obligated to offer Financial Assistance and can revoke the assistance at any time.
  • Financial assistance funds as well as available grades for tuition waivers are determined by the School Director and approved by the Council and may vary from year to year depending upon the school’s yearly budget. The Council will approve the total number of Waiver seats allocated based on the report of the Finance Committee and budget projections. 

ISL Financial Assistance is provided only for one school year. It may continue beyond the first school year provided the awardees maintain the appropriate scholastic level and abide by the school rules and regulations set by the FAC.

General requirements:

  • All applicants must meet all regular ISL entrance requirements.
  • Applicants shall possess high personal standards and be in good health.
  • Applicants shall possess a positive behavior record in their current school.
  • Applicants shall be a good ‘fit’ with the International School of Latvia and the International Baccalaureate programme.
  • Applicants and their parents shall be interested and willing to engage in ISL community activities.
  • Applicants shall commit to school and studies with a consistent record of attendance.
  • Full support of parents for students in attending ISL that includes an ongoing commitment to the ISL Mission and Community values.

Additional requirements: 

  • Parents / guardians shall express a clear commitment to contribute to the ISL community and its activities.
  • The income of both parents is less than EUR 90 000 per calendar year before taxes (gross) for qualifying for 60% Tuition waiver.
  • Capacity at the current grade level, class suitability for admission of a Tuition waiver student (number of students, mother tongues, microclimate in the grade are considered), student support required, and previous international education experience is considered when granting a waiver.

The Financial assistance Committee is composed of the ISL Director (Member of the Board) which is a Committee Chair, Division Principal, Business Manager and 1 current Council member. Other members will participate in the committee meetings when requested for clarification of materials submitted or other matters. 

 

  • Please send an email enclosing confidential financial assistance form as well as both parents income statements for the previous calendar year (January to December) to finance@isl.edu.lv indicating your full name, last name, full name, last name of your child(ren) and school/ grade that your child(ren) are attending right now not later than by April 30, 2024
  • The FAC Chair will receive inquiries for Financial Assistance and be responsible for distributing and receiving application documents.
  • The FAC Chair will determine if the above stated criteria are met, and the application warrants the consideration of the FAC. If criteria are met, parents will be notified. 
  • Potential awardees and their parents might be required to attend an interview before the FAC.
  • The Financial Assistance Committee will meet by the end of May each year to review all Registration fee, Capital fee and Tuition waiver applications for the following year and determine the potential awardees according to the Assessment procedure below.

Applicants are evaluated by the FAC based on criteria that must be met in order to qualify:

  1. Application by parents / guardians includes a clear commitment to ISL Mission, Vision, and Values as well as commitment to contribute to the ISL community and its activities.
  2. The Applicant meets all regular ISL entrance requirements and possesses high personal standards and is in good health.
  3. Parents income is appropriate for the desired Registration fee, Capital fee and Tuition waiver.
  4. Availability at the current grade level Class suitability for admission of a Registration fee, Capital fee and Tuition waiver student (number of students, mother tongues, microclimate in the grade are considered)
  5. Previous international education as preferred but not required.

 

    • The awardees must indicate acceptance within one week after e-mail notification of the Registration fee, Capital fee and Tuition waiver.
    • The parents or guardians of the awardees shall provide for all needs of the student outside those stipulated in the Tuition Waiver.
    • The parents or guardians of the awardees are encouraged to participate in the voluntary activities according to the entry in the application form.
    • The awardees shall observe all rules and regulations of ISL and shall meet the standards as indicated.
    • To maintain their Tuition Waivers, awardees shall maintain a level of scholastic achievement consistent with Registration fee, Capital fee and Tuition waiver standards set by the Registration fee, Capital fee and Tuition waiver Committee.
    • A yearly evaluation will be made by the Financial Assistance Committee on each awardee to determine if he or she is still qualified to continue in the Registration fee, Capital fee and Tuition waiver program for the following year based on the same criteria. In order to qualify for Registration fee, Capital fee and Tuition waiver for the next school year, the awardees shall maintain academic results stated in the above – Who may qualify for the Tuition Waiver?
  • If an awardee receives a state or municipality subsidy, the reduced tuition is adjusted (increased) by the same amount. This adjustment ensures that the subsidy, which is refundable to the parents, is appropriately accounted for.

All parents are encouraged to contribute to ISL Registration fee, Capital fee and Tuition waiver Fund. This will provide educational opportunities at ISL for children in need. You can make a one-time contribution or schedule routine contributions (i.e. monthly, quarterly, etc.) and we are deeply appreciative of each and every donation.

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