At Exeter we give all students until the 3rd Friday of the first term
to pay fees (or the first instalment). The first SLC disk was
received on 9 October, and staff pulled out all the stops, input all
the fee splits AND raised invoices for the U/G student's element by
16th. We then gave them until 27 October to pay the first half. The
second half will be due by 16 Feb.
I understand the first disk should have been out sometime in
September.
This enabled us to correctly invoice 80% of students at the first
attempt (taking provisional assessments as 'correct'). Those not on
the disk were invoiced the full fee.
We also took a very firm line in insisting the due payment date be
met, particularly where students had been slow to apply to LEA's. We
estimate £2m of fees out of about £5m was received 4-5 weeks earlier
than last year when the disk was much later arriving.
The greatest benefit has been to have fewer student debtors to chase
up.
Peter Glazier
Finance Manager
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On Wed, 10 Jan 2001 09:55:00 -0000 Julia Morrison
<[log in to unmask]> wrote:
# > Now that we have had a couple of years of these new arrangements for
# > H/EU students, Imperial is considering how best we might invoice for
# > the self part of these fees. To date, we have waited for the SLC
# disks > to arrive and begun invoicing on that information. This leads
# to some > delay in invoicing and so receipts and so affects College
# cashflow! >
# > I should be interested hear from institutions (if any!) who
# invoice > students for the full fee and then re-assess when more
# information is > known. Does this lead to an increased cashflow and
# if so, is the extra > work worth it??
# > > Thanks in advance,
# > > Tony
# > >
# **********************************************************************
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Peter Glazier
[log in to unmask]
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