Fee Management System
First Claim
1. A system for out-sourced management of educational institution fee arrangements, comprising,an electronic apparatus configured to provide out-sourced management of educational institution fee arrangements that comprise a single personalized communication with a responsible party, andthe single personalized communication comprisesa third party fee management contract between a third party fee management entity and the responsible party to accept payment terms of educational institution net fees to the third party in exchange for payment of the net fees by the third party fee management entity to the educational institution andan educational institution payment contract between the responsible party and the educational institution for payment of the net fees to the third party fee management entity in exchange for attendance at the educational institution by the student,wherein the third party fee management entity does not make or arrange others to make loans for a responsible party for attendance to an educational institution by a student andwherein the net fees do not include loans.
0 Assignments
0 Petitions
Accused Products
Abstract
A system is taught for out-sourced management of educational institution fee arrangements that reduces 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 an apparatus configures to provide a single personalized communication with a responsible party. The single communication includes a third party fee management contract and an educational institution payment contract.
-
Citations
20 Claims
-
1. A system for out-sourced management of educational institution fee arrangements, comprising,
an electronic apparatus configured to provide out-sourced management of educational institution fee arrangements that comprise a single personalized communication with a responsible party, and the single personalized communication comprises a third party fee management contract between a third party fee management entity and the responsible party to accept payment terms of educational institution net fees to the third party in exchange for payment of the net fees by the third party fee management entity to the educational institution and an educational institution payment contract between the responsible party and the educational institution for payment of the net fees to the third party fee management entity in exchange for attendance at the educational institution by the student, wherein the third party fee management entity does not make or arrange others to make loans for a responsible party for attendance to an educational institution by a student and wherein the net fees do not include loans.
-
14. A method for out-sourced management of educational institution fee arrangements, comprising,
providing an out-sourced electronic apparatus that is (1) administered by a non-lending and non-educational third-party fee management entity that does not arrange loans for a responsible party or provide lenders for loans to the responsible party for attendance to an educational institution by a student and (2) configured to generate a single personalized communication with the responsible party, said communication comprising a third party fee management contract between the third party fee management entity and the responsible party to accept payment terms of educational institution net fees to the third party fee management entity in exchange for payment of the net fees by the third party fee management entity to the educational institution and an educational institution payment contract between the responsible party and the educational institution for payment of the net fees to the third party fee management entity in exchange for attendance at the educational institution by the student and sending the single communication to the responsible party.
-
19. An apparatus for out-sourced management of educational institution fee arrangements, comprising,
a computing device configured to receive and manipulate personal fee data of an educational institution and personal data about at least one prospective student of the educational institution to provide a single personalized communication to a responsible party, the personalized communication comprising a third party fee management contract between a third party fee management entity and the responsible party to accept payment terms of educational institution net fees to the third party fee management entity in exchange for payment of the net fees by the third party fee management entity to the educational institution and an educational institution payment contract between the responsible party and the educational institution for payment of the net fees to the third party fee management entity in exchange for attendance at the educational institution by the student, wherein the third party fee management entity does not make or arrange others to make loans for a responsible party for attendance to an educational institution by a student and wherein the net fees contain no loan payments.
Specification