According to GASB 35, public institutions are to report all tuition and fee revenue net of any scholarship discounts and allowances. Tuition fee income is only the amount paid by students and third part payers. Amounts paid by institutional funds and other sources must be deducted from student fee income, but fees waived for services provided by employees and student assistants are shown as expenses.
According to GASB 35, public institutions are to report all tuition and fee revenue net of any scholarship discounts and allowances. Tuition fee income is only the amount paid by students and third part payers. Amounts paid by institutional funds and other sources must be deducted from student fee income, but fees waived for services provided by employees and student assistants are shown as expenses.
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