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Managing school fee payments at your school

For independent schools, the school fees paid by parents are an important portion of your cashflow and enable your ongoing payments, including wages and materials. Unfortunately, some parents are not prompt at payment, which can send your cashflow in the wrong direction. Here are some tips to make sure that you receive payments.  Enable financing or part payments If you have parents who do not have the upfront means to pay for their school fees, it can be useful to give the parents some options to make the payments easier.