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Tuition Management Systems' Late Payer Program is a proven methodology for improving tuition collection rates among families who have not paid their bill by the due date.
Typically, this population could represent 20% of your school’s full-time enrollment. By leveraging proactive communication and multiple payment options to these families, you can increase early cash flow and improve on-time payment. This program also reinforces polices to complete any outstanding paperwork, financial aid requirements, enroll in a payment plan or pay an outstanding balance in full in order to meet financial obligations.
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Benefits to your school include:
• Transfers pursuit of late and not-committed payers to Tuition Management Systems
• Reduces workload for handling special payment arrangements
• Accounts for every student's billing obligation with either a payment in full or enrollment in
a payment plan for the outstanding balance
• Consolidates reporting for all payers
• Improves cash flow and collection rates
• Improves on-time payments and
reduces delinquencies
• Proven process turns late payers into on-time payers in the future |
