Fiscal Management – Student Collection Costs

Module Description

Typically a collection agency charges the institution a fee for their attempt to collect unpaid funds. This module tracks the amount of fees assessed by a collection agency.

In order for a Collection Agency to appear in the Collection Agency Dropdown, they must be entered in Administration/ Business Partners TRX 1002.

NOTE: In the COST CODE Field: Selecting “ADD to amount” will add the Collection Cost amount to the student’s school tuition balance. “Subtract from amount” will not apply the Collection Cost amount to the student’s tuition balance

Field	Description
Key	Refers to the number sequentially assigned for each entry under the logged in school or campus
Date	Date the collection agency fee will be applied to the student’s tuition account
Collection Agency	The collection Agency charging the collection fee. In order for a Collection Agency to appear in the Collection Agency Dropdown, they must be entered in Administration/ Business Partners TRX 1002
Collection Cost	Fee charged by the collection Agency
Cost Code	Selecting ADD to amount will add the Collection Cost amount to the student’s school tuition balance. Subtract from amount will not apply the Collection Cost amount to the student’s tuition balance.