Student Fees Discount
1. Overview & Key Capabilities
The Fee Relief & Concession System allows school management to offer financial assistance, scholarships, sibling concessions, or merit-based waivers to students.
✨ What You Can Do:
- Custom Concessions: Waive full or partial amounts from a student's fees.
- Targeted Allocation: Apply relief across the whole fee structure, specific installments, or individual optional fees (like transport, hostel, or lab fees).
- Flexible Calculation: Choose between a Fixed Amount (e.g., $500 off) or a Percentage (e.g., 20% scholarship).
- Live Financial Preview: Instantly see how a concession affects the student’s total dues and upcoming installments before saving.
- Automatic Expense Tracking: Every applied fee relief automatically records as a "Fees Relief" expense in the school finance reports for clear bookkeeping.
- Easy Rollback: Cancel or remove a concession at any time if applied by mistake.
2. Types of Fee Reliefs & Scopes
When creating a fee concession, you can customize how much is waived and where it applies:
A. Relief Calculation Types
| Type | How It Works | Example |
|---|---|---|
| Fixed Amount | Deducts a specific dollar/currency amount from the selected fees. | $1,000 off on Annual Tuition Fee |
| Percentage | Deducts a percentage of the total or installment fee. | 25% waiver for Merit Scholarship |
B. Relief Scopes (Where the Relief Applies)
- Compulsory Fees (Entire Structure): Concession is applied over the student’s total compulsory fee balance.
- Compulsory Fees (Installment-Wise): Concession is targeted directly at specific active installments (e.g., Quarter 1 or Quarter 2).
- Optional Fees: Concession is targeted at specific optional fee heads (e.g., 50% discount on Transport Fee or Library Fee).