With a variety of solutions to choose from, you can offer the option that works best for you and your students.

Sallie Mae's tuition payment plans provide your students and their parents with a money-saving option that makes education affordable and attainable.

The plans break down tuition costs into interest-free manageable monthly payment amounts, rather than one lump sum. Plan terms can be customized to best fit the needs of your families. Parents can schedule automatic payments from their credit cards or bank accounts, putting an end to paper statements, reducing the number of delinquent accounts, and making it easier for you to manage billing and cash flow.

Reduces operating expenses

The tuition payment plan helps reduce the costs associated with:

• Processing payments
• Mailing statements
• Marketing/mailing promotional literature
• Answering phone calls and questions
• Plan enrollment at registration time

Payment plans based on your school's needs

Sallie Mae works with you to:

• Tailor plans and marketing strategy
• Create a co-branded payment website
• Determine payment options (e.g., credit cards, ACH debit, debit cards)

Fast deployment, multiple benefits

The tuition payment plan offers the following benefits:

• Dedicated customer support: Sallie Mae provides a dedicated account management team to support your school.
• Toll-free number for families: Our call center can support your school's families and reduce call volume coming into the business office.
• Dynamic data transfer and seamless integration: An integrated solution with our monthly payment plan provides real-time data transfer of billing, payment, and account information.
• Revenue opportunities: We can create a financial model that includes revenue opportunities if your school seeks additional funds to offset expenses, add to its endowment, or provide scholarship assistance to needy students.
• Rapid deployment: Your school can have the tuition payment plan up and running in as little as two weeks.

Plan options

The tuition payment plan provides unmatched flexibility, with numerous plan options tailored to your school’s objectives. Options include:

• Annual plans
• Single semester plans
• Term-based annual plans
• Deferred plans
• Early decision plans
• Specialized plans for problem payers

Additional features and benefits

Enrollment and retention

Your school wants to promote student enrollment and retention to ensure a secure revenue stream. We can help.

On the front end, we couple the affordable tuition payment plan with special marketing materials that promote your school's affordability and help families create an early payment strategy. On the back end, we help you monitor potential retention problems with our alert early intervention questionnaires and reporting.

Sallie Mae has long promoted careful financial planning. Like you, we try to help families create a payment strategy that minimizes debt. And unlike many other financial services companies, we offer the budgeting and borrowing products that families will need to execute their financial strategy.

We can provide your families with toll-free access to trained payment counselors, simple payment planning literature, online payment calculators, and more. By fielding your families' tuition payment plan questions, we help alleviate your staff’s administrative burden.

To learn more about our tuition payment plan, call Business Office Solutions at (800) 531-4300.