Re: bursar-l: Settlement Offers

At Becker College, we rarely entertain settlement offers but if/when we
do, it's always with the stipulation that it is treated like a "bad debt
write off" meaning that we will not actively collect on the remaining
balance (and neither will a collection agency), but if the student ever
wanted to return to our school, receive a transcript or a copy of their
degree, etc., they would be required to pay the remainder of the
balance. Therefore, it's usually students who did not earn grades or
who got bad grades who accept this type of settlement offer.

Jenn Borjeson
Bursar
Becker College
Phone: 508-373-9435
Fax: 508-890-1511
E-mail: Jenn.Borjeson_at_becker.edu

-----Original Message-----
From: bursar-l-bounces_at_list.mail.virginia.edu
[mailto:bursar-l-bounces_at_list.mail.virginia.edu] On Behalf Of
ChrzanWilliams, Loretta (Bursar's Office)
Sent: Wednesday, September 23, 2009 9:46 AM
To: Allen, Elizabeth D.; bursar-l_at_list.mail.virginia.edu
Cc: Whitelaw, Sherry
Subject: Re: bursar-l: Settlement Offers

Hi All.

We will occasionally settle for full principle and 50% of collection
costs. We do not have particular guidelines as to when to accept an
offer...it's done on a case by case basis. Generally, these are very old
accounts and really big balances.

Happy first full day of Autumn!

Loretta

Loretta Chrzan-Williams
Director, Student Accounts
Monroe Community College
1000 East Henrietta Road
Rochester, New York 14623
585-292-2288
 

 This email may contain privileged and/or confidential information that
is intended solely for the use of the addressee. This communication may
contain nonpublic personal information about consumers subject to the
restrictions of the Gramm-Leach-Bliley Act. You may not directly or
indirectly reuse or disclose such information for any purpose other than
to provide the services for which you are receiving the information.

If you are not the intended recipient or entity, you are strictly
prohibited from disclosing, copying, distributing or using any of the
information contained in the transmission. If you received this
communication in error, please contact the sender immediately and
destroy the material in its entirety, whether electronic or hard copy.

There are risks associated with the use of electronic transmission. The
sender of this information does not control the method of transmittal
and assumes no duty or obligation for the security, receipt, or third
party interception of this transmission

-----Original Message-----
From: bursar-l-bounces_at_list.mail.virginia.edu
[mailto:bursar-l-bounces_at_list.mail.virginia.edu] On Behalf Of Allen,
Elizabeth D.
Sent: Monday, September 21, 2009 1:11 PM
To: bursar-l_at_list.mail.virginia.edu
Cc: Whitelaw, Sherry
Subject: bursar-l: Settlement Offers

We'd be interested in knowing whether other schools accept settlements
on their institutional loans and/or delinquent AR accounts? We are
working to establish a guideline as to whether we will accept anything
lower than the full amount (Principal + Interest + Late Fees +
Collection Costs). These are accounts already placed with collection
agencies and usually on their second placement. Any feedback is
greatly appreciated.

Beth
 
Elizabeth D. Allen, CPA
Accountant II
Shenandoah University
Business Office
1460 University Dr.
Winchester, VA 22601
Email: eallen_at_su.edu
Phone: (540)542-6294
Fax: (540)665-5433

____

This e-mail may contain confidential and/or privileged information and
should not be used by anyone who is not the original intended
recipient(s) or authorized to receive this message for the original
intended recipient(s). If you have received this e-mail in error please:
1) Inform the sender only, do not "Reply to All." 2) Delete this e-mail
from your mailbox and any other storage system you may have saved or
copied it to. 3) Do not print, forward, copy or save this e-mail or
share its contents with anyone.

The contents of this e-mail do not necessarily represent the views or
policies of Shenandoah University.
____
Bursar-l Archives: http://fa1.finadmin.virginia.edu/bursar/

Subscribe or Unsubscribe:
https://list.mail.virginia.edu/mailman/listinfo/bursar-l
Bursar-l Archives: http://fa1.finadmin.virginia.edu/bursar/

Subscribe or Unsubscribe:
https://list.mail.virginia.edu/mailman/listinfo/bursar-l
Bursar-l Archives: http://fa1.finadmin.virginia.edu/bursar/

Subscribe or Unsubscribe: https://list.mail.virginia.edu/mailman/listinfo/bursar-l
Received on Wed Sep 23 2009 - 11:01:49 EDT