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Student Financials
PeopleSoft Student Financials is a tool for higher education institutions to use administering their financial requirements. Student Financials is an integrated component of the PeopleSoft Higher Education System. With PeopleSoft Student Financials both staff and students can quickly find and use key financial information needed to make critical decisions.
Student Financials transmits information from virtually all portions of the Higher Education System. The information is used to calculate fees and tuition, maintain customer account information, maintain a strong collections ability, create bills and establish a payment plan. Student Financials is designed to interface with your current general ledger system.
Tuition and Fees in Student Financials are linked to Business Units. This allows a school or program to maintain its own set of fees independent of other charges which the institution use. Tuition and Fees are Effective dated. You can set a fee to become active on a specific date and then become inactive on a late date. This allows you to control exactly how and when fees are charged while maintaining a complete history of each fee.
Student Financials has a strong collections system which you can use for early intervention on overdue accounts. Using the Collections function you will be able to track tall correspondence with collections customers. You will also be able to maintain a record of payment promises the customer has made, kept or broken. Your collections department will be able to view the customers account history in one location. You will be able to automatically drop a student’s enrollment when he or she reaches a certain level of delinquency.
