HOW DOES SACRED HEART SCHOOL MAKE A PROFIT FROM SCRIP?
Sacred Heart School purchases the gift cards at a discount and sells them at their face value. The difference between the discount price and the face value purchase price is the profit amount. The profit amount is then applied to your $300.00 commitment. For example, you make a purchase of $50.00 of Barnes & Noble scrip with a discount percentage of 9%. SHS purchased that scrip for $45.50 and sold it to you for $50.00. The $4.50 profit would be applied to your $300.00 tuition assistance commitment, leaving you with a balance of $295.50. The gift card would be used at Barnes & Noble at its full face value.
