Affordability Counseling Demo
Our Education Payment Advisors provide families with information on how to build an education payment strategy. Learn more with our demo!
Offering payment plans as a tool to help families afford education may reduce their need to borrow, and may increase their ability to pay on time. Offering them through an intuitive, secure 24/7 account center makes them simple and easy to manage.
Additional benefits to your school include:
To learn more about how Payment Plans and the Student Account Center can help your school, watch the demo
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:
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.
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.
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.
We understand that each school’s requirements are different; therefore, we offer several disbursement schedules to accommodate your school’s needs.
Reporting options are available 24/7 through the online administrator portal and include:
Ad hoc reports are available at any time through your dedicated service team.
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.
Yes, we provide TIL statements to each payment plan participant.
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.
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.
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.