Contract Definition [3001]

 

          

 

Module Description

Performance Contracts contain the contracts from Third Party Funding Sources that can be used to fund students.

 

These contracts usually require the students to be monitored for satisfactory academic progress (SAP), Program completion and job placement.

Example Contract: WIA

 

 

Field

Description

Key

Refers to the number sequentially assigned for each entry under the logged in school or campus

Contract Code & Name

Code: Short name used on reports.  Name:  Name used to identify contract

Due (Frequency)

Dropdown to choose frequency of payments

Funding Basis

Dropdown to choose funding source

Bill When

Dropdown to choose when to bill

Title IV Financial Aid

Dropdown to choose Title IV Financial Aid type

Charge or Interest

Enter interest charge in %

Hourly Option & Rate

Dropdown to choose hourly option type and enter hourly rate

Funding Agency Name, Address, city, State and Zip Code

Name and address of Funding Agency

Attention (Who)

Enter the name of person to receive the bill