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Payment Plans, which may also be known as Deferred Billing Plans, allow the student to pay tuition and other charges over time in set increments, rather than one lump sum. Since institutions operate slightly differently from one another, CAMS provides much flexibility in the creation of such plans. Students may have one or more plans assigned, there may or may not be service fees, down payments or initial payments, interest charged, etc. You also have the option of moving students who do not maintain satisfactory progress in their specified payment plan to another plan in bulk.
Payment Plans have four distinct parts:
Click the link corresponding to each topic for more detailed information.
Setting up Payment Plans - Set up Payment Plan parameters including frequency, maximum amounts, and more.
Applying Payment Plans - Apply and maintain Student Payment Plans.
Applying Payments towards a Payment Plan - Apply a student's payment to a particular Payment Plan.
Generating Statements - Run Payment Plan statements for one or multiple students.