ERIC Number: ED434558
Record Type: Non-Journal
Publication Date: 1999-Jun
Reference Count: N/A
Tuition Discounts, Institutional Student Aid and Scholarship Allowances. Monograph Series.
Allan, Ronald Gage
This paper provides an overview and analysis of the practice of tuition discounting by higher education institutions, especially private institutions. It explains that tuition discounting the practice of permitting some students to pay less than full tuition has risen markedly in recent years, and that there is significant confusion regarding the practice due to the reluctance of higher education officials to talk openly about finances and because different groups within higher education use different definitions of the term for different purposes. The paper discusses the differences between simple tuition discounts, scholarship allowances, student tuition discounts, and gross and net tuition revenues, noting that these terms are used by different constituencies in different ways. It also reviews the effects of Financial Accounting Standards Board (FASB) Rule 116, Accounting for Contributions Received and Contributions Made, and FASB Rule 117, Financial Statements of Not-for-Profit Organizations, on the practice of tuition discounting. The report concludes that most of the confusion with respect to tuition discounting in higher education stems from the failure of different constituencies, namely administration, finance, and marketing, to recognize and have a clear grasp of the distinctions between their own and others' definitions. (Contains 16 references.) (MDM)
Descriptors: Definitions, Educational Finance, Higher Education, Scholarships, School Accounting, Student Costs, Student Financial Aid, Tuition, Tuition Grants
Sallie Mae Education Institute, 901 E Street, NW, Washington, DC 20004. Tel: 202-969-8000.
Publication Type: Reports - Descriptive
Education Level: N/A
Authoring Institution: Sallie Mae Education Inst., Washington, DC.