Campus Store Bad Debt Treatment

  • 1.  Campus Store Bad Debt Treatment

    Posted 02-26-2020 11:18

    How does your college/university treat store bad debt from Financial Aid when you are a self operated store/s? 


    Currently we allow students to purchase books with Financial Aid prior to Add/Drop.  If the student buys books then drops out prior to the Drop date and then doesn't return the books the Campus Store is expected to take that bad debt on their P&L.

    Do you all do the same or does it stay on the colleges books because they are extending the debt.  





    Ray Karasek
    Community College of Rhode Island
    Aux Services Business Director
    Warwick RI
    United States