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!)
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.