1. ORACLE DATA SHEET
ORACLE STUDENT SYSTEM –
STUDENT FINANCE 11i
KEY FEATURES
The Oracle Student Solution allows versatile definition and
FEE CALCULATION
• Multiple fee types, categories,
maintenance of discrete student tuition and fee charges and
and flexible business rules payments, and provides a set of tools to establish the rules
support virtually any fee
assessment requirements. controlling their application.
• Supports third party charges
such housing, dining, Oracle Student Solution enables you to establish multiple tuition rates based on
bookstore, etc. Permits any
type of charges to be student type, program, and residency and also based on non-credit and continuing
centralized for each student. education fees and user-defined fee types and fee. The ability to make a fee
STUDENT BILLING assessment of students prior to registration is also available.
• Generate billing information
for all students or a specific
Tuition and fees may be structured by teaching period, units, unit sections, credit
group. points, locations, or combinations of these. External or third-party charges (such as
• Students can view and pay from housing or dining), or charges which are optional, can be incorporated into the
outstanding charges on-line.
student system charges. Thus, all student charges are accommodated by the system.
• Staff view extensive details of
all transactions using Student
Account Workbench.
• Calculate finance and late Billing is supported by the ability to select a population for billing and extract the
charges – and waive the
necessary billing information to support the generation of student bills. Students
charges if needed.
may view their outstanding balance through self-service forms, as well as pay tuition
SPONSORSHIPS AND
FINANCIAL AID and fees, and other charges on-line using iPayment.
• Post credits to the students’
accounts for third party
payers. Automatic assessment and application of finance charges and late fees can be
• Apply financial aid credits, accomplished. Charges are assessed using flat rate or periodic rates based upon
including student loan
proceeds received through
average daily balance, actual balance, or calculated balance outstanding for a fee
EFT. period, month, accrual period, or academic year. In addition, this feature will
• Intelligent account analysis to support the need to waive a finance charge or a late fee at the individual student
determine financial aid refund
procedure.
account level, at the fee type level, and at an individual transaction level.
• Post “estimated” financial aid
to the students’ accounts –
automatically removed when Sponsorship programs are managed in the system with the ability to record the
aid is final.
sponsorship award, apply funds to the student accounts, and extract the billing
information needed to support billing the sponsor on behalf of the student.
The institution may allow for automatic dropping of enrollment units based on non-
payment by setting up a process which will evaluate payments made against
enrollment units and drop units that have not been paid by the end of the day.
Other key features include automated account credit/debit updates and
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2. ORACLE DATA SHEET
reassessments, maintaining charge and payment history setting, installment/contract
payment schedules, rule-based refunds/penalties, and third-party billing. Individuals
or groups of students may be automatically placed on financial hold when certain
institution-defined conditions are met. The system provides for direct posting of
student tuition and fee charges, refunds, and direct postings and adjustments of
financial aid through a tight integration with the financial aid module. Student
Finance controls student and 3rd party billing, revenue distribution, multiple fund
accounting for receivables, and an interface to the Oracle General Ledger via Oracle
Receivables.
Figure 1. Student Self Service: Payment Online
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