The outline
and table below will assist you in calculating your discount if you
choose the prepayment plan. You may prepay for the entire year or for
each semester separately.
Number of months paid in advance
|
|
Fall |
|
Spring |
|
Payment |
Date |
No. of months |
Discount |
No. of months |
Discount |
May |
1 |
4 mo. |
1.33% |
9 mo. |
3.00% |
June |
1 |
3 mo. |
1.00% |
8 mo. |
2.66% |
July |
1 |
2 mo. |
.. .67% |
7 mo. |
2.33% |
Aug. |
1 |
N/A |
N/A |
6 mo. |
2.00% |
Sept. |
1 |
N/A |
N/A |
5 mo. |
1.66% |
Oct. |
1 |
N/A |
N/A |
4 mo. |
1.33% |
Nov. |
1 |
N/A |
N/A |
3 mo. |
1.00% |
Dec. |
1 |
N/A |
N/A |
2 mo. |
.. .67% |
Jan. |
1 |
N/A |
N/A |
N/A |
N/A |
Example 1...Pre-Payment of Fall and spring on the same date.
Example 2...Pre-payment of Fall or Spring.
Outline - Example 1 (Fall and Spring/Law)
Fall |
Spring |
|
May 1 |
May 1 |
Discount date (first of the month) |
$11,290.00 |
$11,250.00. |
Budgeted amount |
x.00333 |
.---- x.00333 |
Discount rate per month |
$37.60 |
-$37.46 |
Amount of discount per month |
-----x4 |
.----------- x9 |
Number of months paid in advance |
----- $150.40 |
----- $337.14 |
Discount allowed |
|
|
|
Less Discount Allowed |
---- $487.54 |
|
Total Amount to be Remitted |
$22,052.46 |
|
Outline - Example 2 (Spring/Law)
Spring |
|
Oct 1 |
Discount date (first of the month) |
$15,850.00 |
Budgeted Amount |
----- x.00333 |
Discount rate per month |
------- $52.78 |
Amount of Discount per month |
------------- x4 |
Number of months paid in advance |
.---- $211.12 |
Discount Allowed |
|
|
Less Discount Allowed |
----$211.12 |
Total Amount to be Remitted |
$15,638.88 |
Please make your check payable to the University of San Diego .
