Student Finance
Tuition, fees, scholarships, invoices and installments.
Overview
Student Finance bills tuition and fees, applies scholarships, and issues invoices with installment plans. Payments clear through a gateway clearing account into the general ledger, keeping student balances and institutional accounting perfectly aligned.
Key features
Fees & tuition
Configurable fee structures and tuition billing.
Scholarships
Apply scholarships and discounts to student balances.
Installments
Installment plans with gateway clearing to the ledger.
How to use it
1. Define fees & tuition
Set up fee structures and tuition for each program/term, then bill students for the term so a balance is raised on each student account.
2. Apply scholarships
Apply scholarships and discounts to reduce a student’s billed amount; the accounting reflects the discount so the books stay correct.
3. Issue invoices & installments
Issue invoices with an installment plan so students pay over time, each installment with its own due date.
4. Collect & reconcile
Payments clear through a gateway clearing account into the general ledger, keeping each student’s balance and the institution’s accounting perfectly aligned.
Roles & permissions
Finance staff manage fees, scholarships and invoices under Student Finance permissions; students see only their own balances and installments in the portal. Every payment posts through the clearing account into Accounting.
Questions about this module
Can a student pay in installments?
Yes — invoices support installment plans with individual due dates.
How do scholarships affect the balance?
They reduce the invoiced amount, and the accounting reflects the discount.
Where does a payment go in the ledger?
Through a gateway clearing GL account into the general ledger, so student balances and the books stay in sync.