Student Fee with Reduced Amount
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You may encounter a use case where tuition fees are charged over X semesters/terms and the amount charged will be fixed in each semester/term, but reduced in the last semester/term.
For example, students with a September 2020 intake would be charged as follows:
September 2020: $10,000.00
January 2021 : $10,000.00
May 2021 : $5,000.00
To do this, just create a Fee record. Then create 2 Fee Schedules against it.
- The first Fee Schedule is for the amount of $10,000.00
- The first Fee Schedule is for the amount of $5,000.00
Then, create Fee Schedule Terms for each of the Fee Schedules created above.
- Create Fee Schedule Terms for the first 2 semesters/terms under the first Fee Schedule.
- Create Fee Schedule Terms for the last semester/term under the second Fee Schedule.
The student's Program Enrollment must be linked to this Fee in order to follow the Fee Structure setup above. The fees will then be generated based on the semesters/terms that the student is enrolled to.