From: sburns@smcvt.edu
Date: Fri Feb 22 2002 - 08:18:09 EST
AT Saint Michael's College we do require pmt upfront but there are always
some who cannot/do not pay in full. For those we try to set up a formal
payment plan with a promissory note. If they leave with a balance we attempt
to collect ourselves. If we do not have success we do use a collection
agency. The majority do pay because they want to preserve their credit
rating.
-----Original Message-----
From: Julia Lowder [mailto:Julia@csinow.com]
Sent: Thursday, February 21, 2002 5:14 PM
To: bursar-l@virginia.edu
Subject: Balances after Dropping
Hello,
I am curious how other schools deal with the issue of students who drop
and owe substantial balances that are not covered by aid. We are a
small, private non-degree school that enrolls students into certificate
programs. On occasion, I have students who drop and end up owing $1000 -
$5000. We have had discussions at the school on what we can do regading
this issue since not too many of them want to pay a balance after they
drop. Do other schools forgive balances? Or send them to collections?
Any ideas, thoughts, policies, etc... would be greatly appreciated.
Also, are there any ideas out there on how to prevent this. I know
having students pay upfront is one, but usually this does not happen.
Thanks,
Julia Lowder
CSI
This archive was generated by hypermail 2.1.4 : Fri May 03 2002 - 11:12:30 EDT