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Colleges, Education, Education Services, Education Software, Education Solutions, Educational Products, K 12, Schools, Student, Universities

Education Loan Source Expands TuitionFlex Financing Program for San Francisco School of Massage

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Education Loan Source, Inc. (ELS), the nation’s leader in education financing administration and services, is proud to announce the expansion of their partnership with San Francisco School of Massage (SFSM). SFSM originally launched the TuitionFlexSM program in March, 2010 and the school is now expanding the program to include a choice of longer payment plan terms.

TuitionFlexSM provides students with the option to extend tuition payments over a specified period of time instead of paying cash up-front for an academic program. “With new state regulations slated to take effect at the end of this year, increasing the number of required course hours in the fields of massage and bodywork, SFSM wants to be in position to assist students with affordability,” said Gary Witt, Chief Executive Officer of SFSM. “Expanding the TuitionFlex program furthers SFSM’s commitment to make education accessible to students who are already managing a variety of personal and professional responsibilities.”

As program administrator, ELS offers comprehensive support for the program and, as a result, the program requires very little involvement from school officials. From the point of online application all the way through servicing, ELS provides a seamless flow for both students and school. ELS programs are in compliance with federal and state Truth-in-Lending disclosures and are of particular assistance to schools looking to meet 90/10 regulations.

“We are excited about expanding our partnership with ELS,” said Rocky Hall, Director of Operations. “We appreciate the expertise that ELS has earned in the educational finance arena and have benefited by their commitment to enhance TuitionFlex and bring innovation to the space.”

“Given the dynamic nature of the higher education industry, it is a pleasure to deliver financing solutions that can be easily tailored as requirements change,” said Jacklyn Garcia-Schneider, Director, Client Services for ELS. “Knowing that the expanded program will enable more students to get their education at SFSM – one of the most respected massage and bodywork schools in the nation – is especially rewarding .”

For more information about the TuitionFlexSM program, call ELS at (888) 335-6261.

Via EPR Network
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Colleges, Education, Education Services, Education Software, Education Solutions, Educational Products, K 12, Schools, Student, Universities

Education Loan Source Launches TuitionFlexPLUS Financing Program for International Education Corporation

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Education Loan Source, Inc. (ELS), the nation’s leader in education financing administration and services, is proud to announce the launch of the TuitionFlexPLUSSM financing program at International Education Corporation (IEC) campuses nationwide.

“TuitionFlex PLUS is a win-win for both students and school,” explains Ena Hull, Vice President of Financial Planning. “Students have the ability to make affordable monthly paymen ts, while the school yields the benefits of an innovative note selling program that generates a more immediate cash flow. Through TuitionFlexPLUS, we now strike the perfect balance between offering an affordable plan to students while realizing improved cash flow for the school.”

“IEC is excited to launch a finance program that offers an online application process, high touch servicing and ultimately, a high collectability track record. These were all key factors in our decision to select ELS,” Ena continued. “As an additional benefit, the program will help with our 90/10 compliance.” As program administrator, ELS ensures that participating schools remain in compliance with federal and state Truth-in-Lending disclosure requirements. In addition, each program is customized to follow a school’s preferred internal process.

Payment plans allow a student the option to make payments over a specified term rather than paying cash up front for an academic program. Traditional payment plans require the school to hold the note on their books, while receiving funds as the student makes payments. The challenge with these plans is balancing the need to keep costs low for student enrollment with the need to infuse operating capital into the school. With TuitionFlexPLUS, schools establish unique rates and terms and can elect to implement a credit check to mitigate risk. As an additional option, they can sell a portion of their portfolio.

According to Dennis Christich, VP Sales for ELS, “ TuitionFlexPLUS allows IEC to focus on helping students become successful within the allied health, business, technology and automotive industries, while ELS supports both students and school staff with financing. The drive to excel is evident in all that IEC does and launching this financing option for students is yet another sign of that commitment being put into action.”

For more information on the TuitionFlexPLUS program, call ELS at (888) 335-6261.

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Colleges, Education, Education Services, Education Software, Education Solutions, Educational Products, K 12, Schools, Student, Universities

Education Loan Source Launches TuitionFlex Financing Program for Bellus Academy

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Education Loan Source, Inc. (ELS), the nation’s leader in education financing administration and services, is proud to announce the launch of the TuitionFlex SM financing program at four (4) Bellus Academy campuses located in the states of California and Kansas.

TuitionFlex SM provides students with the option to extend tuition payments over a specified period of time instead of paying cash up-front for an academic program. “We are pleased to offer flexible payment options as it allows students to get started on the education they need to enter a new career sooner,” said Lynelle Lynch, President of Bellus Academy. “With funding options being extremely limited in today’s environment, the opportunity to stretch payments over time makes a big difference for our students.”

With all aspects of TuitionFlex SM handled by ELS, the program requires very little time from school officials. Victoria Russ, Director of Financial Aid of Bellus Academy, commented, “After administering an in-house payment plan for many years, we appreciate the fact that all program administration is handled by ELS. This frees us up to spend more time working directly with students. We also appreciate the fact that TuitionFlex SM keeps us in compliance with federal and state Truth-in-Lending disclosures.”

While other companies provide partial support for payment plans, as program administrator, ELS offers total support from the point of application through servicing. TuitionFlex SM offers a branded online application process, electronic signature, customizable reporting, automated payment processing, and flexible servicing repayment terms. ELS’ program is of particular assistance to schools concerned with 90/10 compliance.

“Bellus Academy is one of the only academies in the nation that provides premium financing programs to launch a successful career in the beauty and wellness industry,” said Jacklyn Garcia-Schneider, Director, Client Services for ELS. “Now that they’ve partnered with ELS to offer more financing options, it is gratifying to know that more students will be able to consider enrollment.”

For more information about the TuitionFlex SM program, call ELS at (888) 335-6261.

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Colleges, Education, Education Services, Education Software, Education Solutions, Educational Products, K 12, Schools, Student, Universities

Education Loan Source Launches TuitionFlexPLUS

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Education Loan Source (ELS), the nation’s leader in education financing administration and services, is proud to announce the launch of the TuitionFlex PLUS SM financing program at Connecticut School of Broadcasting (CSB) campuses nationwide.

“We are pleased to be able to offer our students a new and viable loan program that meets their needs in the current environment,” said Jim Robinson, President of CSB. “After months of research, we finally met ELS who provided us with the opportunity to customize a ‘one stop’ solution for all of our twelve campuses. Through TuitionFlex PLUSSM , we now strike a perfect balance between offering an affordable and accessible payment plan to students while realizing improved cash flow to the school . We have used other loan programs in the past and have found that the ELS program fulfills our needs.”

Jim continued, “Another high priority for CSB was maintaining compliance with federal and state Truth-in-Lending disclosure requirements. As program administrator, ELS facilitates this as they customized the program to follow our school’s preferred internal process. In addition to delivering a great program, the customer service provided by ELS has been exceptional. I wholeheartedly recommend ELS to any school looking for an affordable financing solution. ”

Payment plans allow a student the option to make payments over a specified term rather than paying cash up front for an academic program. Traditional payment plans require the school to hold the note as a debt on their books, while receiving funds as the student makes payments. The challenge with these plans is balancing the need to keep costs low for student enrollment with the need to infuse operating capital into the school.

With TuitionFlex PLUS , schools establish unique rates and terms and can elect to implement a credit check to mitigate risk. As an additional option, they can sell a portion of their portfolio.

While other companies might provide partial support, ELS offers total support as program administrator from application through servicing. The program offers a branded online application process, electronic signature, customizable reporting, automated payment processing and flexible servicing repayment terms. ELS’ program is of particular assistance to schools concerned with 90/10 compliance.

According to Jennifer Wallace, VP Sales for ELS, “ CSB is a well known entity in the world of broadcast media.  Partnering with ELS gives them the opportunity to keep their focus on the very important business of educating students while leaving the financing to ELS. It’s been a pleasure to work alongside CSB to customize a program that meets the needs of their students and staff.”

For more information on the TuitionFlex PLUS program, call ELS at (888) 335-6261.

Via EPR Network
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