Back

FAQ

Contact Us

One Complete Solution in Detail

Originate legally binding and federally compliant institutional loan documents online
Tuition Options’ servicing platform fully supports HEOA regulations by providing the necessary disclosures for compliance. This new process is seamlessly integrated into the existing online application flow to minimize administrative workload in meeting compliance guidelines. We will continue to integrate all necessary compliance documentation into our servicing platform as existing regulations evolve or as new regulations are required.

Our suite of HEOA services includes:
- Legally approved disclosures
- Compliance and best-practice guidance
- School and borrower-specific customization of forms
- Quality control review for all required disclosure forms
- Mailing of final disclosure to borrower
- Document recapture and data storage
- Experience in regulatory compliance

Assess the credit profile of students through our credit and risk assessment model
Tuition Options’ credit and risk assessment model captures critical data points enabling schools to make informed enrollment decisions by assessing the repayment capabilities of borrowers. Through a customizable credit scorecard of expected collectability, enrollment personnel are provided with the necessary tools to admit and/or track incoming or existing student based on defined criteria.

Prompt delinquent borrowers via our professional, systematic collections processes
Tuition Options will extend a variety of correspondence efforts to ensure the collection of your receivables and provide your school with comprehensive delinquency detail. Our dedicated collection staff serves as a valuable contact point for your students and can provide your school with customized and tailored collection campaigns.

Deliver 10-day cash remittance and reporting
Schools benefit from the frequency of our 10-day cycles through the remittance of student payments and accompanying reports every 10 days. We also offer daily reports to assist schools in managing and reconciling accounts.

Utilize E-signature and multiple disbursement capability
Our online origination platform offers schools a streamlined E-signature process for students to sign loan documents and federal disclosure forms electronically. In addition, the multiple disbursement functionality allows schools to set up to six disbursement dates and amounts for each loan.

Access the right analytics to more accurately predict cash flows
Through our best practice guidelines, data mining, data management and credit and risk assessment modeling, your institution will be equipped to better understand and manage cash flows.

Receive advice on best practices and provide ongoing training and guidance
Each member of the Tuition Options management team has over 10 years of experience in lending, servicing, originations and regulatory support to Title IV and Non-Title IV post secondary institutions. This relevant experience with regulatory audit requirements and compliance enables us to provide schools with a clear and complete understanding of, and assistance with, federal standards and 90/10 compliance.

Supplement your default prevention efforts
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 their 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.

Request Web Demo

Back to top