You may offer discounts that are in addition to any discounts you offer to families with multiple children taking classes or for students who take multiple classes.
When you post tuition fees using Post Tuition Fees (Transactions menu), you can define this extra discount using the Additional Discount settings. The discount can be either a dollar amount or a percentage.
- If the Additional Discount is a dollar amount, it will be applied after all other discounts have been calculated and deducted from the base tuition amount (the tuition fee before discounting and prorating).
- If the Additional Discount is a percentage and you prorate tuition, you will be given an option as to how to apply the percentage.
The Discount Label entered will be included in the Notes of the transaction when tuition fees are posted.
How the Additional Discount is Calculated
Example:
- A student is taking two classes, each with a base tuition fee of $50, for total base tuition of $100.
- The classes have a Discount Rule that gives a multi-class discount of $5 off the second class.
- An Additional Discount is being offered for Summer classes.
- There is a closed date in the billing cycle (for prorating) that falls on the day of the two classes.
- The student's tuition (before the Additional Discount or prorating) is $95 ($50 + $50 - $5).
Additional Discount - $ (Dollars)
For this example the Additional Discount is $10.
The final tuition for the above example is $85 ($95 - $10).
Additional Discount is % (Percent) and you DON'T use Prorating
For this example the Additional Discount is 10%.
Jackrabbit applies the Additional Discount after all other discounts have been calculated and deducted from the base tuition amount.
The final tuition for the above example is $85.50 ($95 - ($95 x 10%)).
Additional Discount is % (Percent) and you DO use Prorating
For this example the Additional Discount is 10%.
You can choose to apply the Additional Discount:
- After all other discounts have been applied. Jackrabbit will calculate the % discount after all other discounts have been calculated and deducted from the base tuition amount but before prorating has been calculated.
The final tuition for the above example is $60.50 ($95 - ($95 - 10%) = 85.50 less $25 prorating). - After all other discounts and prorating have been applied. Jackrabbit will calculate the % discount after all other discounts and any applicable prorating have been applied.
The final tuition for the above example is $63 ($95 less $25 prorating = $70 - ($70 x 10%)).
