To both encourage students to study harder as well as to give all students an opportunity to reduce their cost of education, educational institutions should be encouraged to offer refunds to students for a portion of the cost of a course based on how high the student was graded on the course. For example, if a student earned 100% on a course, that student would receive a 15% refund. If a student scored 95%, then he/she would get maybe a 10% refund. For a grade of 90%, the student may earn a 5% refund. All lower grades would not entitle the student to a refund.