Answers for Educators

How does Your Tuition Solution differ from a monthly payment plan?
Billing plans typically divide tuition over ten months and often add a fee. An $8000 tuition bill would be $800 on a ten-month payment plan. Your Tuition Solution is a loan program with low fixed rates, terms from 18 to 72 months, and no upfront fees. Monthly payments could be as little as $171 per month. Offering more payment options makes tuition affordable to more families.

Is there any cost to our school?
No, there is no expense to your school, and you will reduce staff time spent on billing and collection activities.

How does the program increase cash flow to my school?
A portion of the families currently choosing two or ten payments will prefer the flexibility of Your Tuition Solution’s lower monthly payments. Instead of waiting months for payment from these families, your school receives the full tuition earlier - by the date payment is due from families paying the full tuition in cash.

How much staff time is required to implement the program?
Almost none! There are no forms to sign or loans to certify. Parents apply to Your Tuition Solution directly - online or by calling toll-free.

How does Your Tuition Solution differ from other loan programs?
These K-12 tuition loans have low fixed rates and no upfront fees. Other K-12 loan programs have variable rates and often add origination and application fees. In addition, Your Tuition Solution loans are designed for repayment by parents in five years or less, (shorter term loans tend to have lower costs). Other K-12 loans stretch repayment over as many as 20 years.

How do I provide families with information about the program?
Most schools include information in their spring mailing about tuition payment. Setting up a link from your school website to Your Tuition Solution is helpful. Brochures are also provided at no cost for use with open houses and mailings.

What happens if a family makes a late payment or doesn’t pay back the loan?
These are non-recourse loans so if a payment is late or the loan defaults, you keep your tuition money. If one of your families were to default, we work with them to set up a repayment plan.

How will I know if a family chooses this option?
Your Tuition Solution will notify your school of approved applications prior to sending the loan agreement to the family. You may also call to inquire about application status.

How does our school receive the tuition payment?
For fastest payment, choose the electronic (ACH) option (Manual checks are available upon request). Included with payment are student name and the person(s) responsible for the loan.

What happens if the student leaves school before the tuition period ends?
Similar to a full payment in cash, you determine if a refund is due, based on your current withdrawal policies. Any tuition credit is then sent directly to Your Tuition Solution to be applied toward the account balance.

How do I identify families who may be interested?
To ensure equal access, we recommend offering the plan to all families as a payment option and letting them choose what is right for them.