Full-time Banded Cost Setup

Full-time Banded Cost Setup fits institutions that require multiple full time rates surrounded by hourly and capped rates. These include…

Two surrounding bands for hourly tuition definitions and rates (plus Incidental and insurance fees).
Three interior bands of capped, single-fee tuition rates.
Special fees include add/drop, late registration, and audit.
The Audit Rate may be selected as a Flat per course fee, or as an Hourly fee

Sample Full-time Banded Cost Setup Form

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.

Note: The only hours that can be set in this billing mode are the beginning hours for each range. You will notice that the ending hours are automatically populated with the entry of each the beginning hours. The beginning range for the first band is automatically set at zero.

Enter the hourly rate to be charged for the first rage of registered credits.
Supply the incidental and insurance fees to be applied for this first band. (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.)
Enter the number of hours for which the second range will begin. The cap for the first range will automatically be set at this time.
Supply a flat tuition amount, along with the incidental and insurance fees that will apply for this credit range (second band).
Provide the appropriate entries for the next two bands, if applicable. Note that these two ranges require a flat tuition rate to be applied.
Enter the overload credit hours and the hourly rate to be applied for this band. Any credits registered beyond this number will be charged at the overload rate.
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.

Note: The fees defined here are for the specified Cost Center and Cost Type. Follow the above steps for each Cost Center/Cost Type relationship to be applied in term.