studio policy regarding late fees
Advice Needed Regarding Late Fees
I offered a reduced Summer schedule which many of my lessons took advantage of, paying for one month of lessons but spreading them over July and August. Payment was due at the end of June as usual. One parent in one reduced schedule group hadn’t…
Late Fees
Do you have written in your policies, fees that are late incur extra charges? If so, how much extra do you charge? $20 late fee, no exceptions. My invoice says no places held without payment. I charge $25 if an invoice is more than 5…
When to Charge A Late Fee
I have a situation with a new student (second month) where I didn’t receive payment on time – I did get paid, but not until March 9th. I clearly stated to the parents that the fees were due by the first, and I even sent…
Late Fees
At least once in the past, and again today, I’ve had a student/parent complain about late fees and express doubt about their legality. The suggestions have been that perhaps the mere existence of such fees could be illegal, but otherwise perhaps the amount/percentage of the…