From: Bruce Hoeker (bhoeker@gbcol.edu)
Date: Tue Apr 04 2000 - 17:15:10 EDT
We currently offer a 12-month, no interest payment plan to our students.
It works okay, but is difficult to monitor. We only charge interest in
months where the payment has not been made.
I am seriously considering going to a plan whereby a student may take 12
months (or maybe 9 months) to pay their bill, but will be charged interest
during the entire time. I'm hoping this will "encourage" students to pay
sooner.
I'm looking for input from my esteemed colleagues -- pros and cons,
anything I should think about or consider.
Your input is appreciated.
Bruce A. Hoeker
Vice President for Business & Finance
Grace Bible College
1011 Aldon Street S.W.
P.O. Box 910
Grand Rapids, Michigan 49509
Phn: 616-538-2330
Fax: 616-538-0599
Email: bhoeker@gbcol.edu
Home page: www.gbcol.edu
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