Finding the best tuition option for your program can be hard. You want one that fits both your program’s and your students’ needs. You want to find that right balance of flexibility for them while increasing enrollment for you.
Colleges, Universities, and boot camps alike are using flexible financing to add more options to increase accessibility for students. Flexible financing also assists those who can’t access federal financial aid, especially anyone attending alternative education, like coding boot camps.
Because flexible financing increases accessibility to students, schools are able to increase enrollment and fill empty seats. Offering flexible tuition options to your students is far and away the best method to increase enrollment and create independence for students.
The Meratas platform is built in such a way that it can support custom tuition options for your schools. For example, through the platform’s ability to handle custom solutions, we were able to create the Hybrid plan which combines several elements of an ISA with more traditional financing options. We created the hybrid plan for one of our partners to help them overcome their financing obstacles.
It started as a custom product that we built for one of our partners to overcome their financing obstacles and now we’re offering this product to all Meratas partners that need them. Our revolutionary new financing changes the way we work with schools and students alike. No longer will students be denied access to college because of their credit scores. This tuition option is designed to provide students with the same benefits as a traditional ISA, as well as make the revenue stream to the school much more predictable.
The Hybrid Plan incorporates all of the flexibility that your students need with the reliability that schools want. Not only that, but this plan gives you independence because you don’t need outside funding to make it work.
Giving your students more options is a win for them and a win for you. We’ve seen some programs double enrollment simply by offering a flexible tuition option to their financing. Without the flexibility of the Meratas platform, the Hybrid plan would not have been possible. Having this kind of flexibility means more ways to finance your educational program.
Your tuition needs are unique to you and your students. If you need the flexibility to build your own financing, we can help! Schedule a meeting with us today to learn more!
Although every effort has been made to provide complete and accurate information, Meratas Inc. makes no warranties, express or implied, or representations as to the accuracy of content contained herein. Meratas Inc. assumes no liability or responsibility for any error or omissions in the information contained herein or the operation or use of these materials.
