LRIS is a self-financing School, with no grants from the State or Central Government. The fee structure is expected to meet the developmental and recurring expenditure, the major one being salaries of the staff. LRIS is one of the few schools in the private sector, which has introduced the Central Govt Scales of pay to its teachers. Besides salary, members of the staff are eligible for Provident Fund, Gratuity and subsidized education for their children. Salaries, developmental activities and the mounting maintenance costs require substantial sums of money. Obviously fee raise on a yearly basis to match the current salaries and other costs is inevitable. Nevertheless, the management has adopted the policy of collecting the minimum required fees, in view of the hardships parents might otherwise be put to. LRIS maintains absolute probity and prudence in financial matters.

How is the Tuition Fee Fixed?

Tuition fees is revised every year, taking into account the recurrent expenditure of the school, chief of which is the salaries of the staff. This time, the tuition fee is raised by around 8%. This hike in tuition fees is actually just sufficient to meet the salaries of the school staff and concomitant commitments like PF, Gratuity etc.

Please see the 'School Fees' of this Prospectus, for details of the fees payable by students of various classes.

Fee collection is done through Bank. Over 100 branches of the Syndicate Bank and Corporation Bank of Udupi and Dakshina Kannada (Mangalore) districts, and neighbouring districts will accept the School fee payments. The list of branches can be obtained from the school office. The paying-in-slips (chalans) for this purpose will be issued at the time of admission by the School Office. The ICICI Bank and AXIS Bank also accept fee payments in all their branches within the country.