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/Undergraduate)
| Fall | Spring | ||
| May 1 | May 1 | Discount date (first of the month) | |
$13,241.00 |
$13,241.00 |
Budgeted amount | |
x.00333 |
x.00333 |
Discount rate per month | |
$44.09 |
$44.09 |
Amount of discount per month | |
x4 |
x9 |
Number of months paid in advance | |
$176.36 |
$396.81 |
Discount allowed | |
Budgeted Amount |
$26,482.00 |
||
| Less Discount Allowed | $573.17 | ||
| Total Amount to be Remitted | $25,908.83 | ||
Outline - Example 2 (Spring/Graduate)
| Spring | ||
| Oct 1 | Discount date (first of the month) | |
| $7,430.00 | Budgeted Amount | |
| x.00333 | Discount rate per month | |
| $24.74 | Amount of Discount per month | |
| x4 | Number of months paid in advance | |
| $98.96 | Discount Allowed | |
Budgeted Amount |
$7,430.00 |
|
| Less Discount Allowed | $98.96 | |
| Total Amount to be Remitted | $7,331.04 | |
Please make your check payable to the University of San Diego.
