My check is less than the amount I was told the monthly rate would be. Why did that happen?
The most common reason a check may be less than the monthly rate is that checks are prorated based on the number of days in the month for which you are enrolled.
For example: Your full time rate is $800.00; however your term starts on August 19th and continues through December 14th. Payment for the month of August would include the 19th to the end of the month. (All months are based on 30 days, so months with more or less than 30 days would not affect the rate). Thus your payment for the month of August would be approximately $320.00. Payments for September, October, and November would be $800.00 each month and payment for December would be approximately $373.36 (prorated from the 1st to the 14th). Here are other reasons your check might be short:
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