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 โ€œPayment Schemesโ€. This will show the Payment Schemes page.

Creating A New Payment Scheme

1. On the upper right corner, click the โ€œNew Payment Schemeโ€ button. A form will appear for creating a new payment scheme.

2. Fill up the fields of the form.

NOTE: Itโ€™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 โ€œAdd Due Dateโ€. Remember you must enter a total of 100%.

4. After filling up the form, click โ€œAdd Payment Schemeโ€ 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 โ€œSave Changesโ€ 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 โ€œDeleteโ€.

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

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