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Discounts and Scholarships
Discounts and Scholarships
Summary
Summary
Discount and scholarships can help us connect with more students and families who may have not had the opportunity to join us otherwise. However, proper implementation and management of discounts and scholarships is necessary to run a center properly. This guide reviews how to appropriately handle discounts/scholarships.
Resources
Resources
Step-By-Step Guide
Step-By-Step Guide
Calculating your center's scholarship budget
Calculating your center's scholarship budget
Step 1: Determine the number of students enrolled at your center
Step 1: Determine the number of students enrolled at your center
Using a student report in Radius or by visiting the Business Information Dashboard, determine approximately the number of students you have currently enrolled
Step 2: Calculate the total amount of scholarship you can give (3% of students)
Step 2: Calculate the total amount of scholarship you can give (3% of students)
You can use the following formula to calculate the total number of scholarships you can give
(# of scholarships) = (# of students) * 3%
i.e.: 100 students * 3% = 3 full scholarships
This amount can be distributed however you like (i.e. - 3 full scholarships = 300% scholarship. That can be divided into six 50% scholarships or fifteen 20% scholarships, etc.)
Step 3: Review your active scholarships using the Payments Tracker in Asana
Step 3: Review your active scholarships using the Payments Tracker in Asana
Navigate to your center's Payments Tracker in Asana
Review the number of scholarships that have already been distributed
These scholarships DO NOT include employee discounts, marketing discounts, teacher/first responder discounts, or sibling discounts
Step 4: Subtract total scholarship from active scholarships to determine your remaining Scholarship Budget
Step 4: Subtract total scholarship from active scholarships to determine your remaining Scholarship Budget
Using the numbers calculated in Step 2 and Step 3, calculate your center's remaining scholarship budget
Giving a discount/scholarship during enrollment
Giving a discount/scholarship during enrollment
Step 1: (IMPORTANT!) Determine whether or not to give a discount/scholarship during enrollment
Step 1: (IMPORTANT!) Determine whether or not to give a discount/scholarship during enrollment
Our list of company mandated discount include:
50% employee discount (for part-time)
100% employee discount (for full-time)
10% sibling discount
10% military/first responder discount
20% teacher discount
Marketing discounts/scholarships (must be mentioned in Asana assessment task)
Other discounts and scholarships should be used sparingly and ONLY when necesary. Use your best judgement when giving these potential discounts!
$99 off enrollment cost
Any % discount/scholarship directly from your scholarship budget
Read the Calculating your center's scholarship budget above for more details
Step 2: Add discount/scholarship during Enrollment Opportunity Setup in Radius
Step 2: Add discount/scholarship during Enrollment Opportunity Setup in Radius
While on the Enrollment Opportunity Setup page during enrollment, locate the 'Adjust Discounts' button
Pick the correct discount amount based on your determination from Step 1
In uncertain about the enrollment process, visit the Radius Enrollment Process guide linked above
Step 3: Add the student to your center's Payment Tracker in Asana
Step 3: Add the student to your center's Payment Tracker in Asana
Navigate to your center's Payment Tracker project in Asana
Create a new task in the appropriate column (most likely discounts, partial scholarships, or full scholarships)
Fill in the appropriate subfields in the task
Type of discount/scholarship
Amount of discount/scholarship
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