H1 | Increase enrollments Improve retention |
H1 | “We’ve been working with Tuition Options for many years now. The partnership has been really valuable for us, in that we’ve developed a very refined process on handling our out-of-school balances.” |
H2 | Services we deliver for schools. |
H2 | Jane has a $4,000 balance due to her college, but she cannot pay the full amount and is not approved for a private loan or any other funding options. |
H2 | Jane is a great student and her school wants to help her with her financial issues. |
H2 | Jane signs up for a monthly payment plan with terms, set by her school, for affordable payments that fit her budget. |
H2 | This plan allows Jane to stay in school so she can graduate and she finds a job as a nurse. Jane is able to pay back her remaining balance to her college. It is a win/win for the student and the sc... |
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H3 | Repayment Programs Based on Your School’s Terms |
H3 | Account Origination and Disclosures |
H3 | Student Support |
H3 | Account Servicing |
H3 | Payment Processing |
H3 | Reporting and Analytics |
H3 | Best Practice Guidance |
H3 | Onboarding: How a Partnership Works |
H3 | Helping students like Jane succeed. |
H3 | • Jane pays $500/month for 8 months vs. $1,000/month for 4 months, allowing her to remain enrolled. |
H3 | • The extra $500/month makes a big difference for Jane in meeting her monthly living expenses. |
H3 | • Adding a few months to the loan term represents a very small difference in recovery time for Jane’s school. |
H3 | • Offering a flexible payment solution allows the school to keep a quality student enrolled. |
H3 | Helping students and schools succeed. |
H3 | Licenses. |
H4 | What is one of the most common reasons why students drop out of school? Finances. |
H4 | Schools utilize the Tuition Options’ software platform to help students stay enrolled and on the path to achieving their dreams through flexible repayment plans. |
H4 | Tuition Options provides a compliant software platform and loan servicing support to help schools administer student-friendly payment programs for their students. Below is an actual example that il... |
H4 | Tuition Options operates as a third party servicer nationwide and is licensed as a student loan servicer in required states. |
H5 | Your school sets and controls the program terms on our software platform which enable you to offer affordable payment options to your students. |
H5 | Schools use our platform to originate repayment plans and institutional loans with the applicable truth in lending and regulation Z disclosures. |
H5 | Student borrowers can e-sign your school’s repayment documents, manage their account and make payments through our student portal. |
H5 | Tuition Options executes a systematic and consistent outreach approach with each student to help keep them on track. |
H5 | Payments are accepted online, by phone or mail for your student payments. Students are never charged a convenience fee. |
H5 | Reports are available to school administrators 24/7 via our online platform for tracking student payment activity and delinquency. |
H5 | Schools utilize best practices and analytical data to strategically manage its loan program to improve portfolio performance and keep students engaged. |
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H6 | NMLS #1028330/NMLS Consumer Access |
(Nice to have)