To set forth the University’s procedures by which the University will reserve and potentially write-off student accounts and loans receivable. Student accounts receivable consist of unpaid balances for tuition, mandatory fees, course and program fees, housing fees, dining fees, miscellaneous fees, and institutional loans (short-term and long-term).
Student Accounts Receivable
Annually, Student Account Services will calculate the amount of bad debt reserve for student accounts receivable that should be established on the University’s financial records. The amounts will be calculated based upon review of aged accounts receivable and historical collection rates, net of recoveries.
Student Loans Receivable
Annually, Student Account Services will calculate the aging of past due student loans receivable and provide data to Accounting and Financial Reporting Services to calculate the amount of bad debt reserve. The amounts will be calculated based upon review of aged accounts receivable and historical collection rates, net of recoveries.