Jackrabbit offers the ability to automatically prorate tuition fees for the following situations:
- Students who enroll after a Billing Cycle has started.
- Students who have a future drop scheduled before the end of a Billing Cycle.
- Classes fall on a day your facility is closed (Closed Date).
- Classes that meet more than the standard number of times in a month (for By Class Fee Billing Method classes only).
Prorating can be 'turned off' for individual classes in the Class record on the Summary tab, allowing you to prorate some classes while not prorating others.
Prorating Options (Settings)
From the Gear (icon) > Settings > Tuition & Discounting > Prorating Options > Manage Options (button), the following settings control how Jackrabbit prorates tuition.
Note: Jackrabbit considers a month to be four weeks. For a class that meets once a week, the standard number of classes for that week is four. For classes that meet twice a week, the standard number of classes for that month would be eight.
|Setting||Example||Yes or No?|
|Do you prorate (post partial tuition)?|
Answer Yes if you want Jackrabbit to prorate the tuition fees, posting only 1/2 of the full month's tuition fee.
Answer No if you want Jackrabbit to disregard the enrollment date and post the full month's tuition fee.
|Do you prorate tuition when a class lands on a Closed Date?|
TIP: You can exclude a Closed Date for prorating. From the Gear (icon) > Settings > General > Closed Dates (left menu) edit the Closed Date you want to omit and clear the Prorate Tuition check box.
Answer Yes if you want Jackrabbit to prorate the fees using the per class rate to determine how much to reduce the month's tuition fee. The per class rate is calculated using the Tuition Fee from the Summary tab of the Class record.
Answer No if you want Jackrabbit to disregard the Closed Date and post the full month's tuition fee.
|When tuition is prorated, do you also prorate the discounts (multi-class, multi-student, family discount)?|
Answer Yes to have Jackrabbit prorate the discount. The $5.00 multi-student discount is divided by the 4 classes in the month to get a per class proration rate of $1.25. Since the student will be eligible to attend 2 classes in the month, the proration is calculated to $2.50 ($1.25 x 2). The tuition fee would post as $47.50 ($50 - $2.50).
Answer No to have Jackrabbit apply the full $5 discount to the prorated tuition fee for the second student. The tuition fee would post as $45 ($50 - $5).
|When using the Billing Method of By Class Fee, do you charge extra when a class meets more than the standard number of days in a monthly Billing Cycle?|
Answer Yes to have Jackrabbit charge an additional fee to account for the extra class meeting date. The per class rate is $25 ($100 / 4). The prorated tuition fee would be posted as $125 ($25 x 5).
Answer No to have Jackrabbit disregard the extra class meeting date and charge the monthly tuition fee of $100.