Room Deposits

From: Marjorie Sederberg (msederberg@mma.mass.edu)
Date: Mon May 20 2002 - 12:24:33 EDT

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Good Afternoon!

I was hoping to get some information regarding room deposits from those of
you who have implemented such a deposit procedure. We do not currently
collect room deposits. I need to know how other schools handle this. Our
main purpose of the room deposit would be to charge dorm damage to this
deposit to reduce the cost of collecting small invoices. Also, is there any
law that requires the school to pay interest on the deposit to the student?

Any input on the subject would be greatly appreciated.

Thank you in advance for your assistance.

Marjorie Sederberg
Massachusetts Maritime Academy
Student Accounts
(508)830-5085 Phone
(508) 830-6440 Fax

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