This article reviews what Learner Credit is and how it's used.
Learner credit is an Enterprise bank account that enables enrollment into individually-priced courses for learners belonging to an organization. Learner credit is enumerated in United States Dollars and can be redeemed across the course library and cohort learning interchangeably. Upon redemption and enrollment, the individual course price is deducted from the organization’s learner credit. Learner credit dollars are valued at one to one with course prices (there is no conversion necessary.)
To facilitate different use cases and grant the organization administrative control, learner credit can be divided into different “budgets.” These budgets pair with a catalog of eligible content, policies about how a learner can gain access to credit, and (if desired) spend limits for learners.
Here's how it works:
- Enumeration in US Dollars: Learner credit is denominated in United States Dollars and serves as the base currency for all catalog pricing and redemptions.
- Flexible Use: Learner credit can be redeemed seamlessly across a course library and cohort learning options, offering the flexibility to enroll into courses that best suit the learner's or administrator's needs.
- Direct Deduction: When learners use their allocated or assigned credit to enroll in courses, the cost of each course is automatically deducted from the organization's learner credit balance.
- One-to-One Value: Learner credit dollars are valued at a one-to-one ratio with course prices. This means that there's no need for complex currency conversion; the redemption directly corresponds to the cost of courses.
For more information or assistance about Learner Credit, submit a support ticket to enterprise-support@edx.org, or reach out to your account manager (where applicable)