Introduction

In the education ecosystem, offering discounts and concessions plays a vital role in making education more inclusive, rewarding student achievements, and supporting students from various financial backgrounds. 

These benefits may be offered for various reasons, such as academic excellence, scholarships, sibling benefits, or specific institutional policies. However, manually managing these discounts/concessions can lead to increased administrative effort and a higher risk of errors.

To solve this, Collexo empowers you with an automated, transparent, and efficient way to configure and manage discounts and concessions. Through Collexo’s discount workflows, you can define eligibility criteria, set discount values, and ensure that the eligible applicants are able to apply discounts/concessions seamlessly during the fee payment process, minimizing manual work and removing errors.

This article will guide you through the process of managing discounts on Collexo’s Institute Portal. 

How to Navigate?

Menu -> Fee Setup -> Manage Discounts & Concessions

How to Configure Discounts?

Here are the steps to configure and apply a Discount / Concession for students/applicants :

• Step 1: Create Discount/Concession: Begin by setting up a discount or concession, where you define its type, value, and applicable criteria for students/applicants. This forms the foundation for offering any fee benefit. 
• Step 2: Define a Workflow for Discounts/Concessions: Associate the created discount or concession with a workflow to ensure that only applicants who meet the set conditions automatically receive the benefit. 
• Step 3: Enable Discount/Concession in Fee Studio: Activate the discount or concession in Fee Studio to make it available for applicants during fee payment. This ensures the applied benefit is reflected at the checkout stage. 
  
  
  
  

Applicants’ View

For illustration purposes, let's consider a fee assigned to an applicant who is eligible for a specific discount/concession.

On the checkout page, to apply a discount/concession, the student/applicant needs to click on the "Apply Discount/Concession" button.

There are two ways in which an applicant can apply a discount or concession:

1. Selecting from Available Discounts/Concessions: A list of available discounts and concessions will be displayed by simply clicking on the "Apply" button next to the desired option to avail the benefit.
    
2. Applying a Discount/Concession via Code: If a bulk discount code is shared or a single coupon code is hidden from the checkout page, the applicant can manually enter the provided code during checkout to apply the discount/concession.
   
   
   

After applying the available discount/concession, the Base and Payable Amount will be updated. The student/applicant can also apply one discount and one concession at a time on a transaction.

Conclusion

In this article, we walked you through the complete process of setting up and managing discounts - from creating discount codes and configuring workflows, to enabling them on fees and understanding how applicants can avail themselves.