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Administrator Guide
Last Updated: 2024-10-18
Steps: Manage Student Sponsor Contracts

Steps: Manage Student Sponsor Contracts

You can use student sponsor contracts to enable these entities to pay educational expenses for 1 or more students:
  • Corporations
  • Educational institutions
  • Governmental bodies
  • Third-party organizations
Sponsor contract payments apply toward student charges according to payment precedence rules.
  2. Set up disbursement schedules, disbursement schedule rules, anticipated payment display rules, and holds for student sponsor contracts.
  5. (Optional) Access the
    Recalculate Student Sponsor Contract
     task.
    Incorporate the impacts of registration activity, enrollment changes, and other events on calculated amounts before invoicing sponsors. This task doesn't update manually entered line amounts.
    Security:
    Manage: Student Sponsor Contracts Processing
     domain in the Student Financials functional area.
  6. Access the
    Find Student Sponsor Contracts
     report.
    Invoice student sponsors for payments that you've disbursed to students on their behalf.
    1. From the related actions menu of a student sponsor contract, select
      Student Sponsor Contract
      Create New Invoices
      .
    2. Select the contract lines to invoice.
    Security: These domains in the Student Financials functional area:
    • Manage: Student Sponsor Contract Invoicing
    • Reports: Student Sponsor Contracts
  7. (Optional) Access the
    Create Consolidated Invoice for Student Sponsor Contract
     task.
    Simplify invoicing and payments by grouping individual contract lines for student sponsors into a single invoice.
    Security: The domains in the Students Financials functional area:
    • Manage: Student Sponsor Contract Invoicing
    • Manage: Student Sponsor Contracts Processing
  9. (Optional) Manage refunds for issues with student sponsor payments.