This code identifies the refund definition and associates it with a fee code on the Charge Definition table. When refunds are attempted, the system looks for a refund fee code identical to the fee code of the charge being refunded. For example, if you have a fee code of TU for tuition charge, then you must also define a refund fee code with the same code, TU, in order for students to receive a refund for that charge.
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The drop-down list on the Refund Definition/Refund Detail Entry window only shows fee codes that do not already have a refund defined. You must enter a refund fee code for each charge for which you will generate refunds. When you reach another time in the term when the refund percent changes, you should change the refund percent in the Refund Table entry. |
Below are examples of refund fee codes and their associated description.
Refund Fee Code |
Description |
TU |
Tuition |
DM |
Dormitory |
ML |
Meals |
PK |
Parking Fee |
RG |
Registration Fee |
AC |
Activities Fee |
DA |
Drop-Add Fee |
LM |
Course Fees: Labs and Materials |
GF |
Graduation Fee |
