Saturday, October 31, 2009

Holding Fee for In Home Daycare?

I need to do a holding fee this summer for a parent that wants to attend my daycare. My holding policy is one weeks tuition for up to 4 weeks and then full tuition after that. I did that because I know I can find children to fill the spot reasonably fast. (not always though). But then I was thinking just charging them half the tuition weekly would be better? What sounds fair to you as a parent?



In June I will have one toddler boy leaving, he will be going to preschool starting August. And his parents are teachers so they won%26#039;t need me over the summer, so they%26#039;ll just take him out at the end of the school year... June 3rd. I have someone who%26#039;s having a baby late April and wants to start in the beginning of August, so she%26#039;ll have to hold the spot from June 3rd to August whatever. Basically two months, what do yout think is fair? I was thinking about possibly charging half the weekly rate from the beginning...



Holding Fee for In Home Daycare?

IMO, half always sounds better :)



Holding Fee for In Home Daycare?

Any day care I%26#039;ve ever used charged half the price while the child was not at school up to 2 weeks after that it was full price. I think half price the whole time would be great as a parent, but you know what%26#039;s best for your business.



Holding Fee for In Home Daycare?

We have a special spot in our contract for teachers. (If you want to email me I will send it to you, it is on the longer side for here.) Basically, in a nutshell, to hold the spot through the summer, the parent pays for the days they use in June, August and the month of September in June to hold that spot through the summer. (We give them the option of paying it through the summer in installments.) This may seem like a bit much, but remember that teachers get paid through the summer and a summer slot is hard to fill. We also have no %26quot;free days%26quot; through the year for teachers (our full time slots get one free week every six months if they pay on time), since they get a break in the summer.



Through the years (my mom and I do daycare together, and have for 10 years), the problem parents were teachers before we set out this policy. Now we don%26#039;t have any questions and they know that they are still getting a fair deal.



Email me if you%26#039;d like to see that from our contract.



Holding Fee for In Home Daycare?

half price is pretty cheap. but your company may pay the price.. for allowing this person to continue paying 1/2 price you will have to allow other parents to pay the same price.

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