Payment Schemes

Last updated: April 29, 2020 by CBT

Payment Schemes

This section determines the due dates for payment of a student's tuition.

Under the Finance Setup menu, click on “Payment Schemes”. This will show the Payment Schemes page.

Creating A New Payment Scheme

1. On the upper right corner, click the “New Payment Scheme” button. A form will appear for creating a new payment scheme.

2. Fill up the fields of the form.

NOTE: It’s better to have descriptive names so you can distinguish from other schemes.

3. There are two payment types to choose from: full payment and installment.

• For Full Payment, all you need to input is the full payment discount (if any).

• For Installment, you should input the additional charge for installments and the due dates for payment. You can add more due dates by clicking “Add Due Date”. Remember you must enter a total of 100%.

4. After filling up the form, click “Add Payment Scheme” to create your scheme.

Editing A Payment Scheme

1) Choose a payment scheme to edit by hovering on its card and clicking the pencil/edit icon.

2) This will show you an update form for the scheme. Make your necessary changes, then click on “Save Changes” when you are done.

3) You will see that your payment scheme has now been updated.

Deleting A Payment Scheme

1) Choose a payment scheme to delete by hovering on its card and clicking the trash/delete icon.

2) A message will appear asking you to confirm if you want to delete the item. Click “Delete”.

3) You will see that your payment scheme has now been removed from the list.