  |
|
Fee Structure 2008-09
Candidate Fee - $98 per manAll candidates must pay this non-refundable fee, which is due within 14 days of bid acceptance. The candidate should register, and pay, using the on-line registration system. After 14 days, the chapter or colony becomes responsible for the Candidate Fee even if the candidate drops out before initiation. Chapter officers should use the TKE maintenance module to monitor which candidates have paid their fee to the Offices of the Grand Chapter.
Initiation Fee - $255 per man ($353 total with Candidate Fee) or
One-time Initiation Fee Option - $558 per man ($656 total with Candidate Fee)
Prior to initiation, each candidate must pay an Initiation Fee, which should be done using the on-line registration system Initiates who pay the One-time Initiation Fee Option will not have to pay Annual Membership Fees for the rest of their collegiate careers. If the Initiation Fee is not received within 15 days of initiation, a penalty equal to 40% of the Initiation Fee ($102) will be added your chapter statement.
Annual Membership Fees - $101 per man for the year (or $63 per man each semester)
All returning collegiate members are obligated to pay an Annual Membership Fee, unless the One-time Initiation Fee Option was chosen at the time of initiation. Collegiate members can be undergraduate or graduate students, because graduate students can choose to remain active. There is no inactive status for undergraduate members, so payment is due until one graduates, leaves school, or demits. The most economical option is to pay Annual Membership Fees in full for the year and save $25 per man over the split payment option. Full payment is due October 1. If the split payment is chosen, it is due October 1 and March 1.
The Offices of the Grand Chapter does not collect Annual Membership Fees. Your chapter or colony is invoiced by ACP Resources and questions about payment should be directed to them.
Risk Management/Liability Insurance Assessment
HRH/Kirklin is our insurance broker and they bill and collect your Risk Management/Liability Insurance Assessment. The amount HRH/Kirklin & Co, LLC invoices is based on 1) the number of members reported active at your chapter or colony for the prior academic year, 2) the total new members from the prior academic year, 3) an average attrition rate for the Fraternity, and 4) a chapter or colony risk assessment.
Each chapter and colony receives an invoice directly from HRH/Kirklin & Co, LLC prior to August 31. A chapter can make full payment anytime prior to October 1. If full payment is before September 15, a rebate of 10% is posted to your Chapter or Colony Statement, which can be used to pay other Fraternity obligations. If your invoice is more than $2,000, HRH/Kirklin & Co, LLC can help you arrange financing through Imperial Credit. In this scenario, you pay a down-payment of at least 50%, and the remainder (including finance charges) is due March 1. If financing, you are not eligible for the 10% rebate.
Honorary Initiation Fee - $122 per man
The TKE Honorary Membership Application must be approved at least two weeks in advance by the Chief Executive Officer. The fee is due with the application. An honorary member may not be an undergraduate at the college where he is being initiated, must be of good character, and may not be an initiated member of any other college fraternity.
Conclave Savings Plan - $250 per semester
Installment payments for Conclave are due no later than November 30 for the Fall semester and April 30 for the Spring semester.
Dates to Remember
September 15:
Early Bird Insurance Credit
September 15:
Membership Roster due
October 1:
AMF full payment due OR
AMF split payment
(#1 of 2) due
October 1:
Risk Management Assessment due
November 30:
Conclave Savings Plan due
March 1:
AMF split payment
(#2 of 2) due
March 1:
Balance of Risk Management Assessment due (if financed)
April 30:
Conclave Savings Plan due