Deposits

From: Lori Sundberg (lsundberg@lfc.edu)
Date: Thu Jan 27 2000 - 08:20:38 EST

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We are considering asking students for a $200 deposit, which we intend
to hold until they leave the College. We will then assess outstanding
fines, etc. against this deposit before returning the balance to them.

I am fairly certain I will need to apply interest to these deposits.
Can anyone steer me in the correct direction regarding applicable
laws? Are other schools doing this?

Lori Sundberg

__________________________________________________
Lori Sundberg
Controller at Lake Forest College, Lake Forest IL
Phone: (847) 735-5034 Fax: (847) 735-6276
__________________________________________________

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