As the school year comes to a close, many parents are scrambling to make sure they have everything covered financially for their children’s education. School payments can be a big source of stress for families, but it doesn’t have to be. Here are nine common myths about school payments that can help take the pressure off:
1. Only parents can make school payments.
This is simply not true. Any adult who is responsible for a child’s education can make payments, including grandparents, aunts, uncles, and even family friends through the school tuition payment system.
2. Payments are always due at the beginning of the school year.
Not true! Many schools allow for payment plans, so you can break up your payments into more manageable chunks. Be sure to check with your school’s administration office for specific information.
3. You have to use a credit card to make school payments.
Nope! You can use cash, check, or money order. Some schools even allow you to pay online with a debit card using an online school fees payment system.
4. Late payments will result in penalties and interest charges.
This depends on the school district’s policies. Some schools do charge late fees, while others do not. It’s best to check with your school’s administration office to find out their policy.
5. You can only make payments for tuition and fees.
Wrong again! In addition to tuition and fees, you can also use school payments to cover the cost of books, supplies, and even extracurricular activities.
6. Payments are tax-deductible.
This is true. You can deduct school payments on your federal income tax return.
7. You can only make school payments during regular business hours.
Not necessarily… Many schools now offer online payment options, so you can make a payment anytime, day or night.
8. You have to use a special school payment form.
Nope! Most schools will accept a standard check, money order, or cashier’s check. Just be sure to reference your child’s name and the specific school district on the payment form.
9. Payments are always due in full.
This is not always the case. Some schools offer partial payment options for families who are struggling to pay the entire amount. Be sure to check your school’s student payment system to see if this is an option.
Making payments doesn’t have to be a hassle. By understanding the myths about school payments, you can take the pressure off and focus on what’s really important – your child’s education.
SchoolCues is an all-in-one school management system for small schools with limited budgets and resources. Our solutions include admissions and enrollment, online payments, student information system, gradebook, communications, parent engagement, donations and fundraising, alumni management, and more. Schedule a demo with us today.