Fee management system

• US 20090164231A1
• Filed: 02/15/2008
• Published: 06/25/2009
• Est. Priority Date: 06/19/2007
• Status: Abandoned Application

• Current Assignee: Auncor, Inc.
• Original Assignee: Auncor, Inc.
• Inventors: Fox, Ryan Robert, Peyer, Jeremy Martin, Vandebogert, Joshua James
• Application Number:
  US12/070,137
• Publication Number:
  US 20090164231A1
• Time in Patent Office: Days
• US Class Current: 705/327
• CPC Class Codes: G06Q 30/04 Billing or invoicing
• CPC Class Codes: G06Q 50/20 Education
• CPC Class Codes: G06Q 50/2053 Education institution selection, admissions, or financial aid

Abstract

A system is taught for out-sourced management of educational institution fee arrangements that reduce the contacts with a responsible party of a student during the finalization of fee payment arrangements to a single contact. Specifically, the invention includes a system that includes a means for providing a single personalized communication with a responsible party. The single communication includes a third party fee management agreement and at least one of a group consisting of a fee notification and an educational institution payment agreement.

This reduces time and anxiety on part of a responsible party during the fee arrangement part of an enrollment process in an educational institution using out-sourced fee management services.

Claims

1. A system for out-sourced management of educational institution fee arrangements, comprising, a means for providing a single personalized communication with a responsible party, said communication comprising a third party fee management agreement and at least one of a group consisting of a fee notification and an educational institution payment agreement.

2. The system of claim 1 wherein the third party fee management agreement comprises a name and contact information for the responsible party, a selected payment plan and payment method, and a third party processing fee.

3. The system of claim 1 wherein the fee notification comprises the net amount sought by the institution for attendance by the student, the net amount comprising a base fee and applicable discounts.

4. The system of claim 3 wherein the net fee is calculated from at least one of a group of factors consisting of a base fee, a base tuition, costs for activities, costs for books, costs of usage of facilities and equipment, grants, multiple enrollment discounts and financial aid awards.

5. The system of claim 1 wherein the educational institution payment agreement comprises an agreement to attend the institution and pay fees described in fee notification.

6. The system of claim 5 wherein the agreements may be amended by parties during a term of the agreement.

7. The system of claim 1 wherein the educational institution is an institution that seeks payment of fees from a responsible party to a third party.

8. The system of claim 1 wherein the single transmission is from the educational institution or the third party.

10. The system of claim 1 wherein the means for providing, comprises,

a database containing sufficient data on the fee arrangements by the educational institution on at least one student and data on the student to allow the generation of a third party fee management agreement and at least one of the group consisting of a fee notification and an educational institution payment agreement,

means for creation of personalized notices and agreements through interactive communication with data base, said forms comprising at least a third party fee management agreement and at least one of the group consisting of a fee notification and an educational institution payment agreement, and

means for transmitting a single communication to an address provided by a student or responsible party, said means of transmitting is in communication with said means of creation and said communication comprising at least one of the group consisting of a fee notification and an educational institution payment agreement, a third party fee management agreement and at least one of the group consisting of a fee notification and an educational institution payment agreement.

11. The system of claim 10 wherein the database received final instructions from educational institution regarding student fee proposal before personalized notices and agreements are created and a single transmission is conveyed.

12. The system of claim 10 wherein the means of transmission is a material mailing to the responsible party, the student or an address provided on an application regarding the attendance at the educational institution by the student.

13. The system of claim 10 wherein the means of transmission is an internet site accessible by use of a secure procedure conveyed to the responsible party, the student or an address provided on an application regarding the attendance at the educational institution by the student.

9. The system of claim I wherein the single communication comprises both a tuition award communication and a tuition payment agreement with an educational institution.

14. A method for out-sourced management of educational institution fee arrangements, comprising, providing a single personalized communication with a responsible party, said communication comprising a third party fee management agreement and at least one of a group consisting of a fee notification and an educational institution payment agreement.

15. The method of claim 14 wherein providing a single communication, comprises,

providing a database containing sufficient data on the fee arrangements of the educational institution for at least one student and data on the student to be able to generate a third party fee management agreement and at least one of the group consisting of a fee notification and an educational institution payment agreement,

creating personalized forms comprising a third party fee management agreement and at least one of the group consisting of a fee notification and an educational institution payment agreement, and

transmitting a single communication to an address provided by a student or responsible party, said communication comprising a third party fee management agreement and at least one of the group consisting of a fee notification and an educational institution payment agreement.

16. The method of claim 14 wherein the single communication comprises both a fee notification and an educational institution payment agreement.

17. The method of claim 15 wherein transmitting is through a material mailing to the responsible party, the student or an address provided on an application regarding the attendance at the educational institution by the student.

18. The method of claim 15 wherein transmitting is through communication with an internet site in communication with the data base and accessible by use of a secure procedure conveyed to the responsible party, the student or an address provided on an application regarding the attendance at the educational institution by the student.

19. An apparatus for out-sourced management of educational institution fee arrangements, comprising, a computing device configured to be able to receive and manipulate educational institution fee data and data about prospective student to provide a single personalized communication with a responsible party, said communication comprising a third party fee management agreement and at least one of a group consisting of a fee notification and an educational institution payment agreement.

20. The apparatus of claim 19 wherein the configurations of the computing device, comprise,

a database containing sufficient data on the fee arrangements of the educational institution for at least one student and data on the student to be able to generate a third party fee management agreement and at least one of the group consisting of a fee notification and an educational institution payment agreement,

means for creation of personalized forms that comprise at least a third party fee management agreement and at least one of the group consisting of a fee notification and an educational institution payment agreement, said means is in interactive communication with database, and

means for transmitting a single communication to an address provided by a student or responsible party, said means of transmitting is in interactive communication with said database and said means for creating personalized forms to be able convey a single communication comprising a third party fee management agreement and at least one of the group consisting of a fee notification and an educational institution payment agreement.