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Perkins Activity 4: Due Diligence WorksheetReview all students who have been in collection for 60 months or more and complete the worksheet items below for each student. After completing the worksheet
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How to fill out past due student accountsstudent

01
Collect all necessary information on the past due student account, including the student's name, ID number, and outstanding balance.
02
Contact the student or their parent/guardian to discuss the overdue payment and possible payment plans.
03
Send reminders and notifications to the student about the past due account, including any late fees or penalties.
04
Keep accurate records of all communication and actions taken to collect the debt.
05
Consider working with a collections agency if efforts to collect the debt are unsuccessful.

Who needs past due student accountsstudent?

01
Schools, universities, or educational institutions with students who have outstanding balances on their accounts.

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Past due student accounts refer to outstanding balances owed by students to educational institutions, typically resulting from unpaid tuition, fees, or other charges.
Students with unpaid balances or accounts that are overdue are required to file or address past due student accounts.
To fill out past due student accounts, gather the necessary financial documentation, complete any required forms provided by the institution, and submit them according to the institution's guidance.
The purpose of past due student accounts is to help educational institutions manage outstanding debts and ensure they maintain financial records for accounting and financial aid purposes.
Information that must be reported typically includes the student’s name, account number, details of the charges, the amount due, and any payment history.
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