From: Altmann, Virginia (AltmannV@devalcol.edu)
Date: Wed Aug 07 2002 - 09:20:20 EDT
> We are in the process of evaluating our functions in our Bursar's Office.
> I am interested in how other schools handle the following items.
>
> Payment Plan Payments that come in via EFT -
> Currently our Bursar enters these payments as a batch cash receipt. Does
> your Bursar's Office do this function or does your Cashier?
>
> Financial Aid payments that come in via EFT -
> These transactions are split between the Financial Aid Office and the
> Bursar. If the award is transmittable, our FA offices processes them.
> However, if the award isn't transmittable through FA, our Bursar's office
> enters these. What criteria do you have in place for an award to be
> considered transmittable? For any PA schools replying to this, are you
> transmitting Stafford loans through your FA office? Our Bursar is applying
> these loans onto the student's account as a cash receipt. How do you
> handle this?
>
> Miscellaneous Scholarships via EFT
> Any misc scholarship EFT's we receive go through the Bursar's Office. They
> apply the credit to the student's account as a credit invoice. How do you
> handle misc scholarship EFT's?
>
> Miscellaneous Scholarships via Check
> Any misc scholarship check we receive goes through our Development office
> first. Our Development office advises both the FA and Bursar's Office. The
> Bursar's Office would eventually apply the credit to the student's account
> as a credit invoice. How are you handling these transactions?
>
> Basically, I am looking for responsibilities for the Bursar's Office and
> the Financial Aid Office.
>
> Any input would be much appreciated. TIA.
Deb Dando
Assistant Controller
Delaware Valley College
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