-
For schools that do not issue tuition assistance prior to contract signing, the recommended process is to issue an intent to enrollment form first, and then, issue contracts once tuition assistance is granted. This is the cleanest solution and complies with contract law, TILA disclosure requirements, and ease of use.
-
Schools can optionally issue a contract with placeholder text and then re-issue a contract once tuition assistance is granted. While this is a valid solution, it may introduce extra overhead on parent communications.
Continuous enrollment typically has two distinct components: signing a contract (aka registration) and terms of service, and annual enrollment into tuition management.
With Finalsite Enrollment we integrate the process into one easy step. For schools wishing to use continuous enrollment, we offer a dynamic registration process where parents of new students sign and agree to the terms of service via the contract in year 1, and then subsequent years the returning parent submits an intent to enroll confirmation and selects the payment plan.
Please check out our Continuous or Perpetual Enrollment: Overview & Best Practices article for more info!
-
Billing itself adds minimal additional time to the implementation process since we leverage all the existing functionality within our enrollment product. The work to setup contracts and enrollment covers setting up billing.
How do we convert our SMART/FACTS accounts to Finalsite Enrollment?
-
Billing is 100% integrated into our enrollment process so there is no need to migrate SMART/FACTS accounts over.
Can we use 2 different tuition management systems at the same time? (Like FACTS for financial aid and Finalsite Enrollment for billing).
-
Schools can use other financial systems like SSS or FACTS.
Comments
0 comments
Article is closed for comments.