Banded Cost Setup

Banded Cost Setup suits institutions that have multiple hourly rates. This cost setup includes…

Three bands for hourly tuition definition and rates.
Separate Incidental and Insurance Fees for the first two bands..
Special fees: Audit, late registration and add/drop.
The Audit Rate may be selected as a Flat per course fee, or as an Hourly fee

Follow these steps to define your tuition costs (Note: Cost Centers should have been determined prior to this step and Cost Types can either be set up prior to defining costs, or in conjunction with it.):

Click Registration >Offering >Setup >Tuition and Refunds.
In the Cost Center tab, double-click the cost center with which you will be working to select that cost center; you will be moved to the Cost Types tab form.
If the cost type you wish to define already exists, double-click that record to open the cost setup entry form. Note that the Billing Mode, Term, and Cost Center are displayed at the top of this form. Verify that you are working with the correct record prior to proceeding.
If you are creating a new cost type, right-click in the data grid to open a blank cost setup entry form. Note that the Billing Mode, Term, and Cost Center are displayed at the top of this form. Verify that you are working with the correct record prior to proceeding.

Select a Cost Type from the drop-down list (Cost Type reference table).

Select the Registration Status:

Batch. This is the default value and results in all registration transactions being automatically transferred to the Billing Batch where entries can be proofed prior to distributing to the student ledgers. This is the most common selection (as opposed to Online) and highly recommended by Unit4 Education Solutions.
Online. Registration fees will be transferred directly to the student ledger and thus not providing the opportunity for proofing and editing. This option is generally not the preference of most institutions.
Closed. Selecting this option simply closes registration for this specific cost center/cost type for the specified term.

Enter the Hourly Rate, Incidental and Insurance Fee for the first band. Note that only the second band allows for entry of hours. The first and third bands are automatically populated upon entry of the second.
Enter the number of hours for which the second band rate will begin to apply. Anyone registering for a number of credits within this range will be charged at the rates entered in this line.
Supply Hourly Rate, Incidental Fee, and Insurance Fee for this range. (The Insurance field in the Student Status form must have a value of Yes in order for CAMS to automatically generate a transaction for the insurance fee.)
The hours in the third band are automatically supplied based on the limit set in the second band. Anyone registered for more than the number of credits listed here will be charged at the hourly rate entered in the third line. This functions like the overload credit fields seen in the Standard Cost Setup. The Incidental and Insurance Fees remain the same as for the previous range.
Enter the amounts to be charged for Add/Drop Fee.
Enter the amount to be charged for a Late Registration Fee.
Supply the hourly rate for Audit courses. The course is marked as an audit course in the Registration forms. This must be done prior to saving the Registration if the Audit rate is to be applied.