Sponsor has 5 grandchildren and desires to start funding all of their enrollments simultaneously. The Sponsor receives 4% discount on all SE fees. If all 5 enroll at the 775 level and participate concurrently for 36 months the total discount is $5,580.
Note: If any of the SE’s are prepayment they may be entitled to prepayment discount also.
Because there are typically age differences in the SE's there may be months where there are between 1 and 5 SE fees being paid simultaneously. Each month’s discount rate is determined independently.