Education
Scholarship Allowance (Tuition Discounting)
Recording a school-funded scholarship that reduces the student's net tuition cost.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Scholarship Allowance | Contra-Revenue (+) | 2,000.00 | - |
| Student Accounts Receivable | Asset (-) | - | 2,000.00 |
💡 Accountant's Note
Scholarships are not expenses. Per NACUBO standards, they are 'allowances' that reduce Gross Tuition to Net Tuition on the financial statements.
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