Create and Copy a Payment Plan 27g

Purpose: Use this document as a reference for creating and copying a student payment plan in ctcLink.

Audience: Student Financials Staff

Creating a Student Payment Plan

Navigation:  Main Menu > Student Financials > Payment Plans > Payment Plan > Create

  1. Click the Add a New Value tab.
  2. Enter a Business Unit and Contract Number and click the Add button.
  3. Enter the desired information into the Payment Plan 1 tab.
    1. Enter a Description, Short Description, and Long Description based on local naming convention.
    2. Pay Plan Type: Select Credit the Original Account.
    3. Status: Select from the list of values; typically Active.
    4. Total Budget Amt: Enter the maximum amount that can be applied to the payment plan.
    5. First Bill Date: Enter the day the payment plan billing begins.
    6. Payment Due Days: Enter the number of days after the bill date that the payment is due.
    7. Number of Payments: Enter the number of payments in this plan.
    8. Term: Enter the academic term this payment plan applies to.
    9. Last Date: Enter the last date that charges can be added or adjusted and still be picked up by the plan.
    10. Billing Cycle: Enter the billing frequency.
    11. Service Impact: Enter the service impact that could prevent enrollment into the payment plan.
Payment Plan 1 tab
  1. Enter a Plan Type of Existing on the Payment Plan 2 tab.  The remaining fields are unavailable for entry for pay plan type of Credit Original Account.
Payment Plan 2 tab
  1. Enter the following information into the Payment Plan Item Type tab:
    1. Adjustment Option: Select from the list of values.
    2. Extra Payments Option: Select from the list of values.
    3. Account Type: PPL (Payment Plan)
    4. Charge Item Type: Select Payment Plan Charge from the list of values.
    5. Payment Item Type: Select Payment Plan Payment
Payment Plan Item Type tab

Payment plans types of Credit Original Account are not available for self service enrollment, therefore Self Service Options page does not require configuration.

  1. Enter the desired information into the Payment Plan Fee tab:
    1. Type of Assessment: Payment Plan Fee is typical. Other options are Percentage of Payment Plan or Monthly Interest Rate
    2. Payment Plan Fee: Enter a dollar amount OR
    3. Percentage of Payment Plan: Enter the percent to charge based on the dollar amount of the payment plan OR
    4. Monthly Interest Rate: Enter the monthly interest rate.
    5. Assessment Fee Split: Select an option from the drop down.
    6. Assessment Item Type: Select Payment Plan Charge from the list of values.
  1. Click the Save button.
Payment Plan Fee tab

Copy an Existing Payment Plan

Navigation:  Student Financials > Payment Plans > Payment Plan Create

  1. Select Find an Existing Value and enter search criteria.
  2. Click Search and select the existing contract you wish to copy.
Find an Existing Value tab
  1. Click the Contract Number to copy from the search results.
  2. Click the Copy button.
Payment Plan 1 tab
  1. Enter a New Contract Number and Description.
  2. Select Copy All Values to copy all related contract information from the previous contract.
New Contract Information section
  1. Click the Next button and edit the payment plan as needed following the prior instructions. Review each tab to confirm and edit contract parameters.

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