MANAGING YOUR RECEIVABLES. Peggy Finnigan Jessup Madonna University. MADONNA UNIVERSITY. ABOUT MADONNA UNIVERSITY. Approx. 4,600 Students Average Age of Students : 36 years of age Private Institution Primarily a commuter school: Only about 110 residential students
MANAGING YOUR RECEIVABLES
Peggy Finnigan Jessup
1.) No more sad stories
2.) No enrollment for student’s if their past due was not paid in full.
3.) Limited number of staff employed
A COLLECITON PROCESS
Administrative Support is critical.
I always tell my administration that I am teaching appropriate money responsibility just as the student’s degree information is taught in the classroom.
Consistency is very important for both the students and your staff.
Follow through with written statements in your letter.