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Fee Waiver Value and Net Savings

Fee Waiver Value = Regular Registration Fees and Tuition - Estimated  Fees Charged

The value of the fee waiver depends on each individual's circumstances.  Fees vary and details may need to be discussed with Student Financial Services.  That said, there are four basic steps you can use to calculate the fee waiver value or net savings that the benefit is worth for you.

  1. View the regular registration fee and tuition information online.  Use the Student Financial Services information to estimate what fees you would likely pay without the fee waiver and make note of the amount. 
  2. View the fee waiver registration fee amounts online.  Use the Student Financial Services information to estimate what fees you would likely pay with an approved fee waiver and make note of the amount. 
  3. Subtract the amount in Step 2 from Step 1.  This is the estimated fee waiver value, also called the "amount waived" or the "amount reduced."
  4. You may be taxed on the "amount waived" or the "amount reduced."  See the table on the Fee Waiver Taxes web page to decide. 
    • If the tax status of the eligible participant is "nontaxable" the value you calculated in Step 3 is also your estimated net savings from the fee waiver.
    • If the tax status of the eligible participant is "taxable" you must complete one more calculation:
      • Take the result from Step 3 and multiply by the flat tax rate listed on our Fee Waiver Taxes web page.  This is the tax amount that will be deducted from one of the employee's pay warrants after the benefit is applied to the student's registration fees.
      • Next, subtract the amount from the step above from the result of Step 3.  This results in your estimated net savings from the fee waiver program.

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