Post Tuition Fees - Additional Discount

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. For example, you may give a special discount for your summer classes to encourage enrollment during typically slower months.

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.

How the Additional Discount is Calculated

Example:

  • Student is taking two classes, each with a base tuition fee of $50, for a total base tuition of $100
  • The classes have a Discount Rule that gives a multi-class discount of $5 for 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.

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 ($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 (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
    The final tuition for the above example is $63 ($95 less $25 prorating = $70 - ($70 x 10%)).
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