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Student debt. Some families assume it’s a fact of life, and don’t think twice before taking out their loans. For others, it is the single biggest obstacle for attending – and completing college. There’s lots of talk about how recent graduates are still struggling to pay off tens of thousands of dollars in student loans. […]
It’s not shocking news that there is an increasing need for schools to provide digital, mobile, and contactless payment options to their students. Generation Z (born between 1996 -2012) now makes up a large percentage of college students. This younger generation is much more comfortable with financial technology. Tapping their credit card for a contactless […]
If your school doesn’t offer payment plans, now, more than ever, is the time to do so. Because of Covid-19, more students and their families are experiencing financial hardship or uncertainty. Flexibility within tuition payment plans is another key benefit that schools can offer during these challenging times. Flexibility to choose from multiple plans or […]
All too often schools deal with students who have fallen behind on their tuition payments. When a student is still enrolled, it is in the school’s best interest to maintain a positive relationship with the student. Your school wants to continue to provide the student with an education. You can show the student you are […]
When a student with a delinquent account drops their enrollment, it becomes much harder for your school to collect their balance. Fortunately, there are some strategies you can follow to work with the student to get your delinquent tuition payments. Be Friendly, But Tough You can be empathetic without being a pushover. Students may have […]
Stereotypes aside, how does one market to Millennials? Choosing to pursue an undergraduate degree (Generation Z) or return to school (Millennials) is no small decision. Both the Millennial generation and Gen Z are largely influenced through your school’s online presence. Here are five tips for you to consider… Paint a Vivid Reality Imagination is key […]
Online tuition payment software is suddenly in the spotlight due to office closures and social distancing measures. Schools can take advantage of many benefits. However, there is always the concern about the safety and security of personal payment data. As a whole, online payments are generally very safe. Furthermore, secure, online payments have none of […]
The responsibility of paying tuition on time may lie on the student, but how many colleges ask themselves: “How do we create a culture that fosters timely payments?” Creating an environment that encourages and enables students to pay on time is a crucial step colleges are beginning to take. How can your business office join […]