What is 'financial hold' in SAP IS-HER-CM - Student Lifecycle Management?

financial hold - Overview

• Component: IS-HER-CM

• Component Name: Student Lifecycle Management

• Description: A hold set by the system when the student fails to pay due fees on time.

financial hold - Details

• 
  Key Concepts: 
  Financial hold is a feature in the SAP IS-HER-CM Student Lifecycle Management component that allows administrators to place a hold on a student’s account if they have an outstanding balance. This prevents the student from registering for classes or accessing other services until the balance is paid. 
  How to Use It: 
  To place a financial hold on a student’s account, administrators must first log into the SAP IS-HER-CM Student Lifecycle Management component. Once logged in, they can search for the student’s account and select the “Financial Hold” option. This will place a hold on the student’s account until the balance is paid. 
  
  Tips & Tricks: 
  When placing a financial hold on a student’s account, it is important to ensure that all outstanding balances are paid before releasing the hold. This will prevent any further delays in the student’s access to services. 
  
  Related Information: 
  For more information about financial holds in SAP IS-HER-CM Student Lifecycle Management, please refer to the official SAP documentation.