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Fees for periods in school (5)


I believe the answer is:


I'm a little stuck... Click here to teach me more about this clue!

'periods in school' is the definition.
'terms' can be an answer for 'periods' (term is a kind of period). I'm not sure about the 'in school' bit.

I cannot understand how the remainder of the clue works.

Can you help me to learn more?

(Other definitions for terms that I've seen before include "Parts of the academic year" , "when schools should be open" , "Phrases" , "Divisions of the academic year" , "Academic periods" .)

I've seen this clue in The Globe and Mail.
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