Increase enrollments Improve retentionFlexible payment solutions enable students to bridge funding shortfalls, complete their education, join the workforce and improve their lives.
What is one of the most common reasons why students drop out of school? Finances.
Tuition Options partners with schools to help students stay enrolled and on the path to achieving their dreams through flexible repayment plans.
“Thank you for all your patience and understanding. You guys have made a situation that began a year ago with the scary possibility that I might not get to finish school into a very positive experience where not only did I finish, I’m working my way up at my dream company. I can’t tell you how much I appreciate you guys and everything you’ve done and are continuing to do for me.”
Sincerely, Ashleigh N
Becoming an extension of your school.
Customized Program Creation
Schools use our Services Selection Tool to choose exactly which repayment options they want to offer to their students.
Account Origination and Disclosures
Student accounts are set up online with terms defined by the school. TILA and Regulation Z compliant disclosures are automatically populated and included with contracts.
We guide students in creating an online account, e-signing and enrolling in Auto-Pay.
We execute a systematic and consistent outreach of emails, calls and letters to maintain contact with each student and keep them on track.
We accept payments from students via our online system, phone and mail. And, when using any of our modes of payment, students are never charged a convenience fee.
Reporting and Analytics
Do you have the information you need to improve repayment performance? Reports are available to school administrators 24/7 via our online platform for tracking student payment activity and delinquency.
Best Practice Guidance
Applying analytics: ongoing support throughout the partnership using our advanced analytics to develop strategies to improve portfolio performance and keep students engaged.
Onboarding: How a Partnership Works
Helping students like Jane succeed.
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.
Jane is a great student and her school does not want to lose her over financial reasons.
Jane signs up for a monthly payment plan with terms set by her school, and administered by Tuition Options, for monthly payments that fit her budget.
This plan allows her 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 for everyone.
• Having Jane pay $500/month for 8 months, rather than $1,000/month for 4, allows Jane to remain enrolled.
• The extra $500/month makes a big difference for Jane in meeting her monthly living expenses.
• Adding a few months to the loan term represents a very small difference in recovery time for your school.
• Offering this kind of flexibility in repayment terms allows the school to keep a quality student enrolled.
Helping schools succeed.
Tuition Options partners with schools to assist their students and help them manage student-friendly payment programs that produce quantifiable results. Below is an actual example that illustrates these positive results.
“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.”
Vice President of Regulatory Affairs & Chief Information Officer
Tuition Options operates as a third party servicer nationwide and is licensed as a student loan servicer in required states.
In accordance with Section 22162 of the California Financial Code, California loans will be arranged or made pursuant to California Finance Lenders License, Department of Business Oversight.