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A bursar (derived from "bursa", Latin for purse) is a professional financial administrator in a school or university. In the United States, bursars usually exist only at the level of higher education (four-year colleges and universities) or at private secondary schools. In Australia, Great Britain, and other countries, bursars are common at lower levels of education.
Duties
The bursar is responsible for billing of student tuition accounts. This responsibility involves sending bills and making payment plans; the ultimate goal is to bring all student accounts to a "paid off" status. Bursars are not necessarily involved in the financial aid process.
Bursars' duties vary from one institution to another. At many institutions, bursars deal only with student finances. At other institutions, bursars also deal with some faculty finance issues. Elsewhere, they also oversee accounts receivable, or the payments that the university receives from outside organizations for which it performs services. In some institutions, all money held by the institution is the bursar's responsibility. Some bursars (in the UK for instance) also have responsibility for payroll, investments, facilities, IT, human resources, health and safety and oversight of administrative functions at an institution.
The bursar statement is also known as a tuition bill or a student account bill.
The bursar often reports to a comptroller. For example, Barnard College employs an Associate Comptroller–Bursar. In other cases, the bursar has the same level as the comptroller, and both report to the director or vice president of finance. Some universities in the United States still have a director of student financial services whose role is similar to that of a bursar. The University of Pennsylvania employs an associate vice president who essentially combines the role of a bursar (using the student financial services title) and that of a registrar.
Notable bursars
- Andrew Munro (1869–1935), bursar Queens' College, Cambridge
- Sir John Bradfield (1925–2014), senior bursar of Trinity College, Cambridge (1956-1992)
- John Maynard Keynes (1883–1946), second bursar of King's College, Cambridge (1924–?)
- The Rev. Prof. Norman Walker Porteous (1898–2003), first bursar of University of Edinburgh, (1916)
- Codebreaker Derek Taunt (1917–2004), Jesus College, Cambridge
- Footballer Billy Liddell (1922–2001), Liverpool University (?-1984)
- Cecil Goodden (1879–1969), Harrow School
See also
- Chief financial officer
- Purser, etymologically cognate military (especially naval) position
- School business manager
- Treasurer
References
- Barnard College Bursar's webpage
- UPenn website on student financial services
- John Maynard Keynes, 1883–1946, fellow and bursar, King's College (University of Cambridge), Printed for King's College, 1949, 41pp
- "Wisden – Obituaries in 1969". ESPNcricinfo. Retrieved 2 June 2011.