Your rent account on MyED
Your rent account on MyED
Introduction
The Student Finance Channel provides details of invoices relating to both tuition and accommodation fees and charges, which are owed by either the student or the students sponsor.
The channel allows students to view details of outstanding invoices, make payments for outstanding invoices online and view their account history.
On opening the Student Finance channel, it automatically defaults to the section ‘Statement of Account’ this shows you Student Fees, Sponsored Invoices, Student Rent, Student Rent Deposits, Refunds and Unallocated transactions.
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My Invoices
This shows all invoices due to the University and details of the invoices, I have detailed below and explanation of each tab: -
Invoice Number - This is the unique identifying reference number which is generated by the University’s Finance System
Date Raised - The date the invoice was created by the University’s Finance System.
Due Date - This is the date by which payment of the invoice is required. The University’s credit terms are 30 days.
Session Year - This displays the academic year which the invoice relates to.
Invoice Description - Depending upon the type of invoice, the invoice description field describes the course the student is studying, rent charges and/or other academic related charges.
Invoice Total - The total value of the invoice. For a description of the contents click on the number in the highlighted field of Invoice Number.
Payments Made/Credits - The payments made/credits field displays the total of all payments or credits received and allocated to the invoice.
Pending payments - The University’s Financial system is updated in batches overnight. Pending payments are those which have been processed through the Student Finance Channel, but not yet uploaded to the University’s Financial system through this overnight batch process.
Amount Outstanding - The amount of the invoice not paid.
Instalment Plan - This field indicates whether an instalment plan has been set up.
Refunds - This shows all refunds are overpayments refunded to the payer.
Unallocated Transactions - This shows payments that have been paid recently, that have not been allocated to an invoice.
How to view my instalment plan?
You can view your instalment plan by clicking on ‘View Instalment Plan’, this will show the following screen: -
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This displays the due dates, value of each instalment and the payment status of each instalment. Please note that; if you are paying your rent by Direct Debit the payment transaction will show in your Student Finance Channel of MyED on or around the 7th of the month, although the payment will not be called for from your account until the 10th of the month.
If you are paying your rent by Recurring Credit Card payment the payment may not show in the Student Finance Channel of your MyEd until the 16th/17th of the month. As the payment may not show until this date the Student Finance Channel may state that you have an overdue payment. Please ignore this. If however, this message still appears after the 17th of the month you should contact your Rent Account Manager to discuss this matter
How to make a payment towards your outstanding invoice: -
Select the option ‘Pay Invoice on line’, the following screen will be displayed: -
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Select which invoice to pay by checking the box to the right of the ‘Amount Outstanding’ column. Invoices can be paid in full or part. To pay part-pay an invoice, overwrite the value in the Payment Amount’ column with the amount you wish to pay.
Please note that if you have an instalment plan set up we will automatically call for the payment from your account on the due date. If you do not wish us to apply for the instalment by this method, please ensure that the payment is made 7 days prior to the due date to avoid a further payments being taken from your account.
This article was published on Feb 21, 2012