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People also ask
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What is a tuition receivable?
Any amount owed to the University including, but not limited to, tuition, fees, room, board, loans, notes receivable, and amounts due for goods and services provided is considered a receivable to the University. A receivable becomes past due if payment is not received by the payment due date.
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What is the meaning of receivable balance?
The accounts receivable balance is the total amount of money owed to a company by its customers for goods or services that have been provided but not yet paid for. It represents the outstanding invoices or bills that are awaiting payment.
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What is a receivables balance for college?
Student Accounts Receivable – any amounts owed by a student as a result of the educational process which includes, but is not limited to, charges for tuition, fees, books, supplies, housing, meals, and fines.
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What is the centralized receivables service?
CRS is a Fiscal Service program managed by its Debt Management Services (DMS) area. CRS provides servicing for federal nontax, administrative debt from the point at which a creditor agency establishes a debt until the debt is paid, otherwise resolved, or referred to the Cross-Servicing program for further action.
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What does student receivable mean in college?
Receivables from Students - normal extensions of credit to enrolled students for tuition, fees, housing, traffic fines, activity fees, etc.
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What is a receivables balance in college?
Student Accounts Receivable – any amounts owed by a student as a result of the educational process which includes, but is not limited to, charges for tuition, fees, books, supplies, housing, meals, and fines.
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