Bursar - Definition & Meaning

A bursar is a financial administrator within an educational institution who is responsible for managing financial matters related to tuition, fees, and student accounts. The bursar's office handles billing, payment processing, and the disbursement of financial aid.

Bursars work closely with students and their families to ensure accurate billing, timely payment, and access to financial resources. They provide information on tuition rates, payment deadlines, and available payment plans or financial assistance options.

In addition to student accounts, bursars may oversee other financial aspects, such as managing institutional budgets, reconciling accounts, and coordinating with other departments or external entities on financial matters.

Bursars play a critical role in promoting financial literacy among students, educating them about responsible financial practices, and assisting them in navigating the complexities of student finances.

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