Is Biennial a word for every two years? Biannual means twice a year, right?

Question

So, how can I say eliminating a subscription will save the school $5,000 every two years?

Eliminating the subscription will save the school a biennial fee of $5,000.
^^does that work?

Answer 1

Yes, that works well.

Answer 2

Thank you Ms. Sue.

Answer 3

Yes, biennial means every two years. Semi-annual means twice a year.

Answer 4

You're welcome, Afrikah.

Answer 5

Which is the most effective paraphrase of this excerpt?