Families of new students at English Schools Foundation schools will have to pay a non-refundable levy of up to HK$38,000 (US$4,900) per student from August next year, Apple Daily reported Friday.
The levy, earmarked for school maintenance, will be HK$38,000 for students entering Year One, falling on a sliding scale to HK$3,800 for those entering Year 13.
The levy is expected to bring ESF an additional HK$50 million a year and the funds will be set aside for school maintenance or construction over the next 50 years.
ESF has also raised school fees 5 percent for the 2014 school year.
ESF chairman Carlson Tong Ka-shing said the foundation had a HK$1 billion plan to start rebuilding the Island School in the next decade. The school opened in 1967.
ESF chief executive officer Belinda Greer said that since the ESF no longer receives government subsidies it needs to increase income to maintain teacher benefits and school competitiveness.
The ESF started 47 years ago and administers 15 schools, the report said.
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