What is the Role of the Minimum Profit Margin in My Account?
Home Institutions will enter the minimum dollar rate per credit or quarter hour they wish to collect as a profit margin for each course requested through OCE by their own students. This minimum amount is normally set at a reasonable level by the Home Institution so that a small profit (recommended 20 – 30%) can be made by the Home Institution on each purchase after the OCE transaction fee has been expensed. It is expected that the total price paid by the student for the requested course will normally be the same as the current tuition rate of the Home Institution, including the profit margin collected by this school. This will prevent any competitive price advantage to a student by taking courses at a Host Institution. If a student chooses a course that exceeds her/his Home Institution’s tuition level the student will be alerted and given the choice to proceed with the purchase by agreeing to pay the surcharge (tuition overage).
