The IB is a not-for-profit organization. School and examination fees allow the IB to cover its operational costs, provide services supporting candidate and IB World Schools and implement the IB’s education programmes.
Depending on their status with the IB, schools pay different fees. There are two types of school:
- Authorized schools: authorized IB World Schools pay annual fees, in return for a number of services. These services are outlined in the next section.
- Interested and candidate schools: schools that are in the process of becoming authorized pay fees used to meet the cost of administering the authorization process.
When applying for candidacy, schools are assigned a currency by the IB. All subsequent payments are made in that currency.