From: Bailey, Karen (ksbailey@ku.edu)
Date: Fri Jul 26 2002 - 20:43:54 EDT
Bursar world -
I'd appreciate it if you could take a few minutes to answer these questions
regarding pre-paid tuition plans. Our office is starting to receive a
number of requests to sponsor (third party contracts) students that belong
to the state offered tuition plans that are being offered. These are
pre-paid 529 plans. Most of these plans have very complicated calculations
that must be performed (by our office) to determine how much we are supposed
to bill. Up to this point the plans that we have talked to have been
unwilling to meet our deadlines and are insisting that we sponsor these
students and send them a bill. "We are the only school that doesn't want to
do this!" So...in order to find out if we are the "only" school, these are
the questions.
1) How is your institution handling these requests?
2) Do you have guidelines as to what your office will do or do you just do
whatever is requested?
3) Since it's a pre-paid plan, do you ever make the student/parent
responsible for making sure that it is paid on time?
4) Any additional advice you might have to share.
Thanks in advance for your assistance,
Karen Bailey
Bursar
University of Kansas
785-864-5929
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