Each rate is given a Tuition Cycle and are used to post fees just for that group at a certain time. If a Tuition Cycle is selected when tuition fees are batch posted (using Transactions > Post Student Tuition Fees), then only rates given that cycle and currently assigned to students will be included. This gives the flexibility to post one group of rates monthly or per session, and another group of rates daily or weekly. Rates are not automatically charged on the timeline of the assigned Cycle,they must be initiated using Transactions > Post Student Tuition Fees.
Examples of rates that all have tuition cycle Monthly
- A Fixed Tuition Rate of $25 will charge $25 each time you post tuition, regardless of the dates entered for the posting period.
- An Actual Tuition Rate of $25 per day would charge $25 for each day they have time entered on the clock.
- A Scheduled Tuition Rate of $25 per day would charge $25 for each day they are scheduled to attend, regardless of if they are clocked in or not.