With Higher One Tuition Payment Plans, colleges and universities can offer full-service installment plan solutions for students with greater flexibility and tight integration with your campus ERP system.
Benefits of Integrated Full Service Tuition Payment Plans:
- Cost Savings—save on both administrative and marketing costs and reallocate resources
- Flexible Plans and Payment Options—help attract and retain students
- Convenience—position your school as an advocate for convenience and gain a competitive advantage
- Seamless Integration—have your systems ready to go in two weeks, Easy enrollment with single sign-on from your student portal.
- High Visibility—bringing awareness of your payment plan availability, for an increased adoption rate, through multiple channels using materials designed by Higher One’s creative team.
- Rapid Settlement—with Free Payment Processing your institution will receive distribution of funds in full, on a daily basis, to keep the receivables as simple and complete as possible
- Unparalleled Customer Support—for both your institution and the students. Institutions are provided access to a full force of support representatives and a relationship manager for the life of the contract.
Software Only Tuition Payment Plans
Higher One Payment Plans allow students and parents to enroll in one or more payment plans that you have specifically tailored to meet your needs and manage in-house.
What this means for your students:
- Enrollment online via an electronic signature
- Enable credit card, ACH, debit, campus card payments, OneAccount, international payment functionality through Travelex anytime, anywhere
- Fixed and variable plans of any frequency or term
- Bills, reminders and receipts automatically emailed and/or messaged to cell phones
- A provision for full participation by parents or other approved payers
- Review of payment plan details, balances due and payments remaining*
- Automated recurring payments*
- Account balance payments*
What this means for your institution:
- The ability to create customized payment plans–especially for specific services such as tuition, housing and meals
- Customer-specific plans so students only “see” the plans for they are eligible
- Credit card, ACH, debit, campus card, OneAccount, International payments through Travelex collectable anytime, anywhere - simply over the web
- Immediate access to collected funds
- Integration with your existing campus portal
- Administrative access to status and history reports for each student’s account
- The capability to generate plans according to your specific business rules and eligibility parameters
- Plans that can be administered by either your college/university or by Higher One
*Available to authorized third parties.