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5 Ways to Improve Fee Collection at Your School

Discover proven strategies to reduce outstanding fees and streamline your collection process using mobile money.

ClassAddmin Team
15 February 2024
5 min read

Introduction

Fee collection is one of the biggest challenges facing Ghanaian schools today. With many parents preferring cash payments and manual tracking systems, schools often struggle with outstanding balances and poor cash flow.

In this guide, we'll explore five proven strategies to improve your fee collection rates.

1. Accept Mobile Money Payments

Mobile money has transformed how Ghanaians make payments. By accepting MTN MoMo, Vodafone Cash, and AirtelTigo Money, you make it convenient for parents to pay fees anytime, anywhere.

Benefits:

  • Parents can pay from their phones without visiting the school
  • Instant confirmation of payment
  • Automatic record keeping
  • Reduced cash handling
  • 2. Send Automated Reminders

    Parents have busy lives and may forget payment deadlines. Automated SMS reminders sent before due dates can significantly improve collection rates.

    Best practices:

  • Send reminders 7 days before the due date
  • Follow up 3 days before
  • Send a final reminder on the due date
  • 3. Offer Payment Plans

    Not all families can pay full fees at once. Offering structured payment plans makes education more accessible and improves your collection rates.

    4. Provide Digital Receipts

    Parents appreciate having records of their payments. Digital receipts sent via SMS or email provide proof of payment and build trust.

    5. Make Outstanding Fees Visible

    When parents can see their current balance through a parent portal, they're more likely to make payments. Transparency leads to action.

    Conclusion

    Implementing these strategies with a school management system like ClassAddmin can help you reduce outstanding fees by up to 60%. The key is making payments convenient and keeping parents informed.

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