Custom Payment Plans are for administrators who would like to have greater control over how payment plans are scheduled. With Custom Payment Plans, you have control over when payments begin, how frequently they occur, and what your students will pay each payment. CourseStorm calculates how long the payments will continue based on the amount and the frequency.
How to Set Up a Custom Payment Plan
Navigate to the class you would like to set up the payment plan for and select Edit > Payment Plan and choose Custom Payment Schedule. When setting up a custom payment plan, you will need four pieces of information:
- A deposit amount (minimum of $1)
- An amount for each payment (minimum of $25)
- A payment frequency (weekly or monthly)
- A start date for payments (The start date can be any date in the future, even after the class has started!)
NOTE: Only registrations that occur before your chosen start date will be eligible for the payment plan. If you register a student via your Admin Menu, or if a student registers on your site, on the same day that your custom payment plan is set to start, or after the start date of the payment plan, the payment plan option will not be presented on the purchase screen. Only registrations completed at least 1 full calendar day before the start date of a custom payment plan will be eligible for the payment plan.
Once you save your changes, students will be able to register for classes and pay using the payment plan. Just like Standard Payment Plan, a registrants individual payment plan can be modified by an administrator.