Student Finance

Tuition & Fees

The tuition and fees module allows you to define unlimited number of charge items (fee items) which is used to define fee structures for academic programmes and modules. The system possesses a comprehensive setup structure that can allow different programmes to have unique fee structures based on requirements. The cost of education is expected to increase/decrease with time. The fee rates feature simplifies the process of making adjustments to the current fee.

Refund Management

With the refund management you can create refund schedules that can be prorated and assign them to the various income received from students. Example Financial aid Packages that have rules that dictate what fee items they will be used for, student deposits, student loans etc. The system will package the refund due students withdrawals from classes, student drop outs etc.

Payment Plans

It is becoming increasingly difficult to finance higher education in this current age. There is need for a closer collaboration between the institution and the students to allow for a more flexible tuition payment scheme. With payment plan module, an institution can create comprehensive payment plans with customized application rules that has a prorated payment instalments which students can apply for and better manage the payments. The module has integrated workflows that ensure compliance with reminder triggers and late payment penalty processes ensuring a smooth process.