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Is the non-refundable tuition payment you made to your university this semester a sunk cost? what if tuition was refundable on a prorated basis for the entire semester?

Sagot :

Martebi

Yes,  the non-refundable tuition payment you made to your university this semester is a sunk cost.

What if tuition was refundable on a prorated basis for the entire semester?

If tuition was refundable on a prorated basis for the entire semester, then there is a chance that i will be refunded some parts if I did not finish the entire semester.

What's a prorated refund?

A pro rata cancellation is known to be the full refund of any form of unearned premiums.

Note that it is the amount that is known to be proportional to the amount of time that is left on any given policy.

A lot of education (such as both basic and higher education) is known to be one that is seen as commonplace for sunk cost and as such, based on the above, my response is  Yes,  the non-refundable tuition payment you made to your university this semester is a sunk cost.

Learn more about sunk cost from

https://brainly.com/question/14848662

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