The Proration / Pro Rate option in Swim Manager affects two different payment types:
 
  1. Pay-in-full: Pro-rated price charged to registrant is based on entire length of program
  • Note: Formula is- Total Cost of Program X (Days Remaining in Program / Total Days in Program)
  • Example: If registering for program starting March 1st and ending July 1st with total cost of $400 registering on March 20th, cost is: $400 X (103 days remaining in program / 122 total days in program) = $337.70
  1. Payment Plan Payments: Pro-rated price charged to registrant is based on entire length of program
    • Note: Formula for payments is- (Days Remaining in billing period / total days in billing period) = Total Due;  Total Due / Z remaining payments = Cost per remaining payment
    • Example: When the program from runs from January 1st to December 31st with payments on the first of every month (12 in total), costing $1200 ($100/month) and the parents register a child on March 20th is as follows: (286 days remaining in program / 365 days) X $1200 = $940.27 total cost for the program.  This brings the cost per month to $104.47 since there are 9 payments left.