ISF debenture

[wasabibunny]

Hi mommies,

Please help. What is the market rate for ISF debentures and is it worth it? What are the chances of my son getting into ISF without a debenture? Your experiences welcomed!

 

[rani]

WB,

I think its currently at $5mil

 

[Obiwan]

A friend has a debenture but the child didn't get in. He has put it up for sale at 5.5.

 

[evgreen]

A friend has a debenture but the child didn't get in. He has put it up for sale at 5.5.

wow amazing. note to self, "debentures are a waste of moolah."

 

[smglobal]

To evgreen - don't feel too bad for him, chances are, that guy bought the debenture when it cost "only" $3M, and has made some money!

 

[charade]

But why would anyone buy it if the person's child didn't get in with it?

 

[Editor]

Charade with a debenture you can "jump the queue". However, your child does have to pass the school's admission test first.

People will buy debentures and keep them until their child is ready for school. It is a bit of risk, but at the same time debentures appreciate and you can make a fair bit of money if you end selling it.

 

[charade]

Ah get it.

 

[miran]

look at it this way - my son has passed cdnis interview and is on waitlist. there are EIGHY THREE kids on waitlist. if we had a debenture, we would get priority and probably get in.

 

[howardcoombs]

Hi mommies,
Pease help. What is the market rate for ISF debentures and is it worth it? What are the chances of my son getting into ISF without a debenture? Your experiences welcomed!

How old is your child?
My understanding is that ISF has spaces available above P3 and above; if you are applying for those grades a debenture wont help you at all.