Tuition, collected. For schools that offer payment plans.
For owners and finance leads at trade, career and vocational schools: running tuition plans, and the rules that touch them.
How Paycove works for schools →What changed for tuition collection
Each item links the statute or regulator. General information, not legal advice; your school's situation may differ.
Nacha's rules require every business that originates ACH debits to use risk-based processes to spot payments started by fraud.
In forceTuition plans count even with no interest or fees. Public and private nonprofit schools are exempt.
In forceRevenue counts on a cash basis, in the year it's received, so what your plans actually collect is what counts.
In forcePell grants for programs of 8 to under 15 weeks and 150 to 599 clock hours, with state and federal approval and completion, employment and earnings standards. Schools could opt in from 1 July.
In forceThe federal four-installment rule, the exclusion for short interest-free school plans, and state registration.
ExplainerRunning tuition plans
8 storiesA 0% plan from the school, or a loan from a lender?
What each costs the student, and what the school keeps.
Rules that changed · SchoolsIs a 0% payment plan a loan?
Where federal and state lending rules can reach an in-house plan, even at no interest.
HubSpot and Pipedrive · SchoolsTuition payment plans in HubSpot for trade and CDL schools
From enrollment deal to the last payment, per student and per campus.
Rules that changed · SchoolsCalifornia for-profit schools: DFPI registration for tuition plans, even at 0%
What registration asks for, who is exempt, and what to keep on file.
Collect it · SchoolsYour collection rate and 90/10
How cash collected on plans shows up in the calculation, and what to track monthly.
Collect it · SchoolsA student withdraws mid-program. What happens to the plan?
Split, recalculate or refund, and what the student sees each way.
Plan it · SchoolsThe enrollment-season payment checklist
Six weeks before a start date: plan terms, deposits, and what admissions sends each student.
Run every location · SchoolsAdding a campus: tuition, accounts and books
What a new campus needs on the payments side, under the same entity or a new one.
Schools finance rules, once a month.
What changed for tuition collection, and one how-to for running plans.