Collecting tuition deposits and new student fees for next year

Joyce Ireland

In the past, our school collected tuition deposits and new student fees “in-school” starting in February and billed payment plan installment in BBTM beginning in July, at which time we recorded the earlier in-school payments. We don't use integrated contracts. We would like to collect deposits and new student fees through BBTM in the future. Does your school do this? If so, how do you handle the logistics (timing, invoices), particularly if the family's installment plan and/or tuition amount is not known at the time the deposit is collected?