RE: 3rd party monthly payment plans

Dear Colleagues

Thank you all for all of your responses.

Linda Anderson

--On Thursday, October 20, 2005 4:14 PM -0400 JoAnn Jansen
<jansenj@erau.edu> wrote:

> 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
>
Received on Mon Oct 24 08:56:46 2005