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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

     

     



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