Download these 11 Free School Fee Schedule Templates in MS Word and MS Excel format to assist you in your day-to-day tasks.
Schools, colleges, and universities run their operations from the tuition fees they receive from the students. There are generous donors who donate a lot of money for these institutes but most of that donated money is kept for student scholarships. With this said, it makes sense that educational institutes put great efforts into establishing a well-equipped financial department because it’s responsible for getting the money in. Traditional methods of asking students to pay their fees are getting outdated and these days most of the schools work with some kind of fee schedule application. This application can be automated i.e. software that sends notifications to the parents about the overdue fees or it can be a manual sheet that the financial department uses to check when a fee of each student is due and if every student has paid their tuition fee on time.
Critical Importance of School Fee Schedule:
It allows the Institute to Receive Fees on Time:
It doesn’t matter if we talk about a small school in your area or an international business university; every educational institute runs on money. If there are no incoming funds, it’s not possible to pay the salaries of teachers, school administration staff, and executives. The reason why most schools are moving to automated fee schedules is that they want to receive the tuition fees of their students on time. Without the fee schedule, some students will pay their fees earlier every month while some will keep postponing till they receive a final alert from the school. In the presence of the fee schedule, the institute will receive the fees within the first week of every month.
It Helps Parents with Timely Payments:
Whether we talk about full-time working parents or stay-at-home mothers, they usually are very busy in their lives taking care of work and personal responsibilities. It is possible that they don’t remember paying the tuition fees of their kids on time. With the help of the school fee schedule especially an automated fee schedule application, they can ensure to make the payment on time. It is a common practice of jobholders that as soon they receive their salaries, they allocate the income for various expenses i.e. grocery shopping, utility bills, house mortgage, credit card payment, etc. When they receive notification of their kids’ school fees, they can also allocate a portion of their income for the payment of the fee as well and the possibilities of forgetting about it and postponing on the next month are minimum.
It Eliminates late Fee Penalties:
Because schools and other educational institutes observe that parents have a habit of making late fee payments, these institutes implement a late fee surcharge. This means if the fee is not paid on time, there is a 5% surcharge for the first week, 10% surcharge for the 2nd week, and 15% surcharge for the fees that are due for more than 3 weeks. This can create financial problems for the parents and the school’s ledger will keep showing overdue payments. To overcome these problems and to allow the parents to make timely fee payments without paying any surcharge, automated fee schedules are used.
Free School Fee Schedule Templates
Here are previews and download links for these School Fee Schedule Templates in MS Word and MS Excel format to assist you,
Download link for this School Fee Schedule Template 01 in MS Excel form is below,
Please find the download link for this School Fee Schedule Template 02 here,
Should you like to download this School Fee Schedule Template 03 in MS Word format, please click on the download button below,
Here is download link for this School Fee Schedule Template 04 in MS Excel Format,
Click on the download button below to start downloading this School Fee Schedule Template 05 in MS Excel Format,
Download link for this School Fee Schedule Template 06 is here,
Please click on the download button below to download this School Fee Schedule Template 07,
Download link for this template is below,
Download this School Fee Schedule Template 10 from the link below,