A student has the following balances for a specific year and term:
ID Number |
Year |
Term |
Fee Code |
Charge Description |
Charge Amount |
000054186 |
1998 |
SP |
F2 |
Tuition |
$2250 |
000054186 |
1998 |
SP |
AB |
Room and Board |
$1200 |
000054186 |
1998 |
SP |
LF |
Library fine |
$35 |
You set your receipting priorities to have tuition paid first, room and board second, graduation fee third, and library fines fourth. If the student sends a payment of $3200, it would be applied as follows:
Fee Code |
Charge Description |
Remaining Payment Amount |
Charge |
Calculated Payment |
F2 |
Tuition |
$3200 |
$2250 |
$2250 |
AB |
Room and Board |
$950 |
$1200 |
$950 |
LF |
Library fine |
$0 |
$35 |
$0 |
Notice that Tuition is paid first, leaving $950 to pay part of the room and board charge. There is no remaining money to pay the library fine, and the student had no graduation fee. If payment exceeds charges (e.g., if the student sends a check larger than charges amount), the overage goes to highest priority fee code.