Setting Up Transaction Fees

To set up transaction fees, use the Transaction Fees component (TRANSACTION_FEES).

Transaction fees are additional fees that are charged to students in the event of an enrollment transaction such as the addition or dropping of a class. You set up transaction fees by term with an effective date for each term.

Page Name

Definition Name

Navigation

Usage

Transaction Fees

TRANS_FEE_TABLE

Set Up SACR > Product Related > Student Financials > Tuition and Fees > Transaction Fees

Define transaction fees.

Access the Transaction Fees page (Set Up SACR > Product Related > Student Financials > Tuition and Fees > Transaction Fees).

This example illustrates the fields and controls on the Transaction Fees page. You can find definitions for the fields and controls later on this page.

Transaction Fees page

Field or Control

Description

Copy Transaction Fee

Click to copy a transaction fee definition from one term to another. You will likely need to change the effective date when you use this button so that the transaction fee definition becomes active on the appropriate day of the additional term for which you are copying the fee.

Term

Enter the term for which you want the transaction fee to apply.

Session

To apply the transaction fee to more than one session within the term, specify the session.

Transaction Fee Definitions

Field or Control

Description

Transaction

Select the check box by the transaction fee that you want to define (Initial Enrollment, Add Fee, Drop Fee, Add Wait List, or Drop Wait List).

Amount

Enter the amount of the transaction fee.

Account Type

Select the account type to which you want the transaction fee to post.

Item Type

Select the item type that you have defined for the transaction fee.

Graded Only

Select to apply the transaction fee to graded classes only. If this check box is cleared, the transaction fee applies to audited and graded classes. This option is not available for initial enrollment transaction fees.

Charge Withdraw

Select to charge the transaction fee when a student withdraws from school. This option is available with drop fee transaction charges only. If the check box is cleared, drop fee transaction charges are not applied when a student withdraws.

Minimum/Maximum Fee Code

Select an optional minimum/maximum fee code to apply to these transaction fees.

Due Date Code

Select the due date code (billing and due calendar) that governs the transaction fee.