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entity creation

Hi, I am new in dynamics crm. I am having problem on how to create the entity as to ensure its creation is correct and reliable. for your information, i am developing a student loan system. currently, i have created a higher institution entity which contains address, programme , level of programme (diploma, degree,  etc) and courses offered and also the fees information. And i need to create an entity that hold the information on allowances (to be given to student). each of the student that success the study loan will be given a monthly allowances which is varies (depend on the location of the higher institution) and a book allowances which is also varies (depend on the level of study - such as diploma, degree etc and also depend on the courses - such as medical, engineering). I have no idea how can i create an entity to this senario.

pls help.


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