Add scheduled payments and separate upfront costs, then subtract the amount received. Keep assumptions visible so the example is not mistaken for a quote.
What to check
- All instalments
- separately paid fees and net cash received
Use the written quote to separate cash received, scheduled payments and charges outside those payments. Keep a calculation with each quote.
A decision to avoid
Treating an educational calculation as a provider's current offer.
A calculation you can check
Illustration only: cash received R2 000; three payments of R750; a separate required charge of R50. Total paid = 3 × R750 + R50 = R2 300. Difference from cash received = R2 300 − R2 000 = R300. This difference is not an annual interest rate. Include the charge only if it is outside the three payments; do not count it twice.
Questions about this decision
What should I check first?
Add scheduled payments and separate upfront costs, then subtract the amount received. Keep assumptions visible so the example is not mistaken for a quote.
Which information do I need for this decision?
All instalments, separately paid fees and net cash received.
Which mistake should I avoid here?
Treating an educational calculation as a provider's current offer.
How do I check all instalments?
Locate the actual dated record for All instalments. Compare it with the other records in this checklist; ask the organisation responsible for any unexplained difference.
How do I check separately paid fees and net cash received?
Locate the actual dated record for separately paid fees and net cash received. Compare it with the other records in this checklist; ask the organisation responsible for any unexplained difference.
What should I do if a required detail is missing?
Mark it as unresolved. Ask for that precise detail before choosing; do not substitute an advertised example for your own document.
What is the next practical step?
Use the written quote to separate cash received, scheduled payments and charges outside those payments. Keep a calculation with each quote.
How can I verify the explanation?
Use the documents listed above. Check quoted amounts and dates in the original record; use the official reference links for the organisation’s guidance.
