Date: Thu, 19 Feb 2009 10:43:17 -0600
At Iowa State, we have a monthly finance charge of approximately 1% once
a charge goes past due. Also, once an account reaches our in-house
collections, we charge a 10% collection cost on the balance 30 days
after our notice of Right-to-Cure goes out. The collection costs are
then adjusted up to whatever the external agencies charge if they get
placed.
Respectfully,
Patrick M. Hoffelmeyer
Iowa State University
Accounts Receivable Office
Collection Department
0880 Beardshear Hall
Ames, IA 50011
515-294-7551
From: bursar-l-bounces_at_list.mail.virginia.edu
[mailto:bursar-l-bounces_at_list.mail.virginia.edu] On Behalf Of Landwehr,
Geri
Sent: Thursday, February 19, 2009 9:53 AM
To: bursar-l_at_list.mail.virginia.edu
Subject: bursar-l: service chgs/internal col chgs
Hello again! You have all been so helpful with the registration policy
that of course, I need your help again. I do have a compilation of all
the responses on the registration policies and those of you who would
like that - just email me and I will send it to you.
This time I would like to know if you charge a fee for students with a
past due balance - if so is it a service charge that is percentage
based, is it more of a late fee that is based on how much is owed or
what.
My next question is- if you have an internal collection area - what
percentage do you charge the students for internal collection?
Thanks so much - you are all awesome!
Geri Landwehr
Bursar
University of Northern Colorado
(970) 351-1824
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