Dear ACS Families, I know that some of you had questions about the increase in the tuition (Lebanese lira) fees for next year. We had hoped for a modest increase in tuition of about 10% to 15%. This, however, was before the government mandated the new lira rate of 15,000 to $1 USD. Instead of increasing the lira tuition by 1000% in accordance with the new exchange rate, we were able to limit the increase to 348%. This increase allows us to cover the 30% of employee salaries that are paid in lira and to pay for other lira expenses. Our goal was to set tuition at the minimum level to meet our lira obligations. Sincerely, |