Free School Fee Schedule Templates in MS Word and MS Excel

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. Some generous donors donate a lot of money to 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 Traditional methods of asking students to pay their fees are getting outdated and these days most schools work with some kind of fee schedule application. This application can be automated i.e. software that sends notifications to the parents about 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. Most schools are moving to automated fee schedules because 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 others will postpone until 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 allocate a portion of their income for the payment of the fee as well and the possibilities of forgetting about it and postponing it to the next month are minimal.

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, a 10% surcharge for the 2^nd week, and a 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. Automated fee schedules are used to overcome these problems and allow the parents to make timely fee payments without paying any surcharge.