RE: 3rd party monthly payment plans

We get ours remitted between one to two business days electronically from
Sallie Mae.

JoAnn Jansen
Director of System Operations
Embry-Riddle Aeronautical University
600 S Clyde Morris Blvd
Daytona Beach, FL 32114
email: jansenj@erau.edu
Office: 386-226-6284
Fax: 386-226-6235

-----Original Message-----
From: bursar-l-bounces@list.mail.Virginia.EDU
[mailto:bursar-l-bounces@list.mail.Virginia.EDU]On Behalf Of Linda
Anderson
Sent: Thursday, October 20, 2005 12:15 PM
To: bursar-l@virginia.edu
Subject: 3rd party monthly payment plans

All

For those of you who have contracted with a third party to provide your
students with monthly payment plans, how long does the 3rd party retain the
funds before sending them to your institution? Typically I have seen 28
days as the normal float. Please respond if you have these types of
arrangements with external companies. Thanks very much

Linda Anderson
Director of Enrollment Services
Carnegie Mellon University