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Products and Services in Detail

Comprehensive web-based support for federally compliant documentation
The Tuition Options enhanced servicing platform fully supports Federal HEOA regulations by automatically providing the necessary disclosure documents into the online application process. This seamless integration allows schools to reduce administrative workload. In addition, schools benefit from our management team’s extensive experience in regulatory compliance with both Title IV and Non-Title IV schools. Necessary compliance documentation will be integrated into our servicing platform as existing regulations evolve or as new regulations are implemented.

Multiple disbursement capability
Schools can simplify the process of managing a student account. Multiple disbursements provides schools with the ability to conveniently disburse funds in timely stages of enrollment for up to six disbursements.

E-signature option
E-signature allows student borrowers and cosigners to quickly and securely sign documents and HEOA disclosures electronically. By providing a quick, convenient and paperless solution, the E-signature process allows schools to reduce their administrative workload and save time.

Proprietary credit and risk assessment model
Tuition Options’ credit and risk assessment model enables you to protect the performance and collectability of your institution’s financial assets. It can assist in establishing your institutional loan program on the basis of sound and informed credit decisions, mitigating collection risk and maximizing returns.

Best practice guidance
Through our experienced management team and account managers, schools are provided with best practice recommendations and ongoing training and support.

24/7 access to our web-based servicing platform and legally binding contracts
Your staff will gain 24/7 access to all account information through our web-based servicing, billing, collection and reporting platform. This easy-to-use system allows your school to create installment contracts, track payment status and consistently monitor key tracking points on students.

10-day cash remittance and reporting cycles
The frequency of our 10-day cash remittance and reporting cycles allows your staff to better manage and track the status of each student’s account and payment activity. A new suite of reports is available online every 10 days for easy accessibility.

Professional and customizable collections processes
Our objective is to reduce delinquency rates and increase cash collections using a strategy tailored toward specific delinquency groups. The employment of experienced collection specialists, customized call campaigns, portfolio analytics, reporting and school communications provides for optimum collection performance.

Data management and reporting tools
Tuition Options captures, tracks and allows you to view critical data to assess the risk associated with a specific student or your entire portfolio. Comprehensive reports are available online to provide your school with full visibility in the performance of student accounts.

Student Services Online
Student borrowers can manage their account online, make a payment, check their payment history and view account details 24/7 through our Student Services Online site. Students can make a one-time payment or sign up for auto-debit from their checking/savings account or credit card.

Default Prevention Services
Tuition Options has built proprietary data modeling and analytics around the repayment patterns of the institutional loans we service for our school customers. The payment pattern of a student with an institutional loan is established well before the student’s Title IV loans enter repayment. Each student’s institutional loan payment pattern is a strong indicator of how the student is likely to repay his or her Title IV loans. Tuition Options assists schools in identifying high risk students prior to Title IV repayment and also provides valuable reporting for schools’ default prevention teams.

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