Reference: Student Finance Capabilities

You can view high-level feature descriptions for the capabilities in this product area.

Supports the reporting of the total dollar amounts students pay in a tax year for qualified tuition and related expenses.

Supports the collection of application fees, as well as waiving application fees for eligible applicants.

Provides the ability for admitted students to pay a deposit to reserve their spots at your institution.

Provides the ability to calculate the amount of Title IV funds to return to the U.S. Department of Education for recipients who withdraw from the institution during an academic period that they began attending.

Provides the ability for students to manage their financial accounts. The functionality supports:

Viewing student statements, tax forms, and reports.
Configuring third-party access to the student’s financial data.
Making payments and signing up for payment plans.

Provides the ability to assign costs to students. The functionality supports:

Scheduling charge assessments.
Calculating charge due dates.
Prorating charges for students who drop or withdraw from courses.

Provides the ability to manage past-due balances and collection agreements.

Supports refunding students for payments that originate in legacy systems, and providing short-term financial advances.

Provides a central repository for students’ charges and payments.

Supports reassessing charges for eligible students.

Provides students with the ability to pay their student charges. The functionality provides the ability to:

Prioritize charges for payment applications.
Create payment plans that spread out payments in installments.
Support direct debit payments as well as integrations with third-party vendor platforms for credit card and direct debit payments.
Deposit student payments into a financial account.

Supports refunding students for credit balances.

Provides a framework for third-party entities to pay educational expenses for students.

Supports discounts for eligible students.