Remissions - Graduate

Principle

It is the tuition on the student’s bill that is not collected, or a discounting of tuition cost.

Source Of Amount

• SAP cost objects 219907*
• Cost center category of "R"

Step Down

Other reconciling items related to students assigned to Graduate College.

Balance To Distribute

The graduate remissions take on three steps to distribute.

• The first step is to reduce graduate remission by the graduate resident remissions which are restated as a benefit expense. This remission is posted each semester to the payroll /stipend cost object on 519600 GL in financial system.
• Secondly, the model distributes the non-resident undistributed remissions directly to the student’s college of record.
• The third step pools the small remaining amount from students whose college of record is the Graduate College. This pooled amount is assigned based on the proportion of the percentage of remissions directly assigned.

Distributions

Direct and assigned

SAP Vs Model

• The Model will show student level detail on two lines;
  • Expense – benefits GL 519600 (resident)
  • Revenue (contra) – Remissions (non-resident)

Q&A

• How is the remission calculated? It is the actual amount of uncollected tuition by student in each college.
• Who pays for the Grad students whose college is the "Grad College"? Everyone, proportionally