Tuition Payment Plans, Your Way

Payment plans provide affordable options to help get the tuition bill paid while minimizing student debt.
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Smaller, More Affordable Payments

Our payment plans allow your families to spread tuition payments over several months – creating smaller, more manageable payments and reducing the amount they need to borrow.

The best part of a payment plan offered through Tuition Management Systems is flexlibility: you tell us exactly what you want to offer. You’ll determine business rules such as start dates, plan length, when you‘d like payments to be due each month, if there are budget amount restrictions, acceptable payment methods, and more. When presented through our Student Account Center, payment plans show a real-time balance with school approved options to pay and a FERPA compliant invitation process to allow students to invite others to contribute to the bill. 

Benefits to your school include: 

  • Reduction of cost and workload
  • Increased, consistent cash flow
  • Compliance with applicable regulations such as FERPA
  • Improved customer service for the student and the school
  • Secure and PCI DSS compliant
  • Strengthens the control of the tuition payment process
  • Enables superior information management and funds control

To learn more about Payment Plans and how get the most out of them for your school, take a look at our FREE ebook!


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 Download Now!

 

Real Time Data - Why Wait?

By using Real-Time Integration (RTI) technology, we can collect a payment and immediately update and post it into your student information system. This saves your office from having to manually enter payment data or from having to upload a payment file. Who couldn’t use a little time back in their day? RTI is a managed service that requires minimal campus IT resources. We currently integrate with:

    • Ellucian (Datatel, Banner)
    • PeopleSoft
    • Jenzabar® EX and CX
    • Blackbaud®
    • PowerCampusTM

Don’t see your system on the list? We can still help. Our payment posting file option is complimentary and compatible with most student information systems.

Help when families need it!

Our Education Payment Advisors are available to assist families in reviewing their payment plan, taking a payment over the phone developing an education payment strategy with school approved payment options to help minimize overall debt.

The extended hours contact center provides additional support to your families after your business office closes, often when your families need it most.

What are our valued customers saying?

"With the focus on affordable education today, we pride ourselves in offering a wide variety of payment options to our students and families. The TMS blend of flexible payment plans, superb customer service and robust reporting and account maintenance tools was the perfect fit for our school and the families we serve."
- Kristine L. Cassano, Bursar Miami University of Ohio

You've got questions. We've got answers.

How do TMS payment plans work?

The payment plan works the way you want it to, and is built using school business rules. Your school decides payment plan parameters, due dates, start dates, disbursement schedules, marketing schedules, and materials used.

What is the disbursement schedule?

We understand that each school’s requirements are different; therefore, we offer several disbursement schedules to accommodate your school’s needs.

What types of reporting are available?

Reporting options are available 24/7 through the online administrator portal and include:

  • Enrollment reports
  • Individual student statements
  • Delinquency reports
  • Paid to Date reports
  • Retention reports
  • And more

Ad hoc reports are available at any time through your dedicated service team.

What are the benefits of outsourcing our currently internal payment plan?

There are many benefits to outsourcing your internal payment plans to TMS. We assist your school with compliance with all applicable statutes and regulations affecting the payment processing industry, remove the need for high cost technology purchases, offer standardized reporting, a one-stop-shop for payment plans, payment processing, and bill presentment – creating a seamless user experience for your payers.

Does TMS provide Truth in Lending Statements?

Yes, we provide TIL statements to each payment plan participant.

What payment methods/channels are available?

Methods: Recurring and one-time payments from checking and statement savings accounts, credit cards, mailed checks, money orders, certified checks, international payments and credit cards.

Channels: Phone, mail, online.

Is TMS compliant with all applicable education payment guidelines/regulations (such as PCI DSS)?

Yes, our high priority on compliance ensures your school adheres to the complicated standards for all applicable statues affecting the education payment industry including Sarbanes-Oxley, Red Flag Rules, Payment Card Industry Data Security Standard (PCI DSS), Gramm-Leach-Bliley Act (GLB), Family Educational Rights and Privacy Act (FERPA), the Truth-In-Lending Act (TILA), and their associated regulations.

Do you offer customer service?

TMS offers comprehensive customer service to both the families and students you service and to your school administrators.We believe that  our intuitive, user-friendly online services combined with our live customer service are the winning combination. 

School administrators are supported via phone and email through our expert Client Services Team. 

Families may contact us via phone or email at our contact center in Warwick, RI. Our contact center is available Monday – Friday from 8 AM – 10 PM. 

Get Started with TMS Payment Plans 

Request a Consultation