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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.

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

TuitionFlex Payment Program Implemented at Northwest Technical Institute

Education Loan Source, Inc., (ELS) in partnership with Sterling Education Finance, LLC announced today that Northwest Technical Institution implemented the TuitionFlexSM payment program. TuitionFlex offers two types of payment plans, TuitionEase(tm) which is a short-term 4 to 12 month program and TuitionExtendTM which is a long-term 13 to 120 month extended repayment plan. “In today’s market, schools have to become creative with their financing options and the TuitionFlex program met the needs of our institution,” stated Keith Fossen, President/CEO at Northwest Technical Institute. “At Northwest Technical Institute, we are helping students and families finance a higher education, without a higher price tag.”

Both TuitionFlex payment options offer a 100% online application process, e-signature capabilities, and a school portal for a school administrator to manage certifications and real-time application status managed by ELS. “ELS’s dynamic system allows schools to manage their tuition payment plans completely online while meeting all of the regulatory requirements,” stated Douglas Feist, Chief Executive Officer at ELS. “We are excited that Northwest Technical Institute is now providing the TuitionFlex program to their student and families.”

Tricia Oberg, Regional Vice President at Sterling Education Finance, and the relationship manager for Northwest Technical Institute stated, “This program is the perfect solution to fill educational funding gaps that can remain when other sources of aid are not available for the student and their families.”

For more information on the TuitionFlex Program go to (www.sterlingeducationfinance.org) or call Tricia Oberg, Regional Vice President, at (651) 707-7291 or Pat Cook, President and Chief Sales Officer, at (828) 335-1092.

Via EPR Network
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