From: Hunt Compton (hcompto@linfield.edu)
Date: Wed Jul 25 2001 - 13:41:53 EDT
Tamara:
We use the following percentages suggested by our auditors.
Enrolled students past due less than 90 Days 3.50% $251,731 $8,810
Enrolled students past due over 90 Days 30% $21,294 $6,388
Not enrolled past due less than 90 Days q 25% $77,906 $19,476
Not enrolled past due over 90 Days 30% $89,278 $26,783
Those in collection 30% $78,946 $23,683
TOTAL $519,155 $85,142
I guess our auditors are "Respectable".
School year 2000/2001 we billed $39,685,156 Tuition, Room and Board
School year 2000/2001 Financial Aid credited was $10,786,633.
Hunt
--On Wednesday, July 25, 2001 11:03 AM -0400 Tamara Rogers
<trogers@wppost.depaul.edu> wrote:
>Unfortunately, there were only 3 responses to the question on outstanding
>receivables
>
>Tamara K. Rogers
>Director, Student Financial Accounts
>DePaul University
>phone: 312-362-6731
>fax: 312-362-5824
>Trogers@wppost.depaul.edu
>
> >>> Janice Tiffany <tiffany@graceland.edu> 07/25/01 07:15AM >>>
>Last week, people answered their percentage of outstanding receivables at
>yearend compared to fiscal year revenues.
>
>What is a respectable Bad Debt Allowance level for student receivable
>balances?
>
>Janice
>
>Janice Tiffany
>Director of Accounting Services
>Graceland University
>641-784-5131
>641-784-5411 FAX
>tiffany@graceland.edu
>
>
Hunt M. Compton Phone 503-434-2455
Staff Accountant Fax 503-434-2630
Linfield College email hcompto@linfield.edu
900 SE Baker WWW: http://www.linfield.edu/
McMinnville, OR 97128
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