Commission Engine
A calculator and reference guide for commission terms.
| Term | Commissionable Amount | Commission Payable |
|---|---|---|
| On Full Fee | $15,000.00 | $2,250.00 |
| On Nett Fee | $13,000.00 | $1,950.00 |
| On Fees Paid | $10,000.00 | $1,500.00 |
| Semester Wise | $10,000.00 | $1,500.00 |
Commission Term Definitions
Reference guide for how each term is calculated.
Commission is calculated on the total course fee before any scholarships or discounts are applied. This term is less common.
Example
Course Fee: £15,000, Scholarship: £2,000. The commissionable amount is £15,000.
Commission is calculated on the course fee after deducting any scholarships or discounts. This is a very common term.
Example
Course Fee: £15,000, Scholarship: £2,000. The commissionable amount is £13,000.
Commission is calculated only on the amount of tuition fees the student has actually paid to date. This often involves rollover payments.
Example
Course Fee: £15,000, Fees Paid: £10,000. The commissionable amount is £10,000. Commission on the remaining £5,000 is paid later.
Commission is paid in installments based on the student's progression through semesters. This calculation can be complex and is often a variation of "On Fees Paid".
Example
A university pays 50% of the total commission after the student completes Semester 1, and the remaining 50% after Semester 2 starts.