INTEGRATED PAYMENTS
July 1: Your Students Lost Options
Payment Plans Just Got More Important
Higher education institutions face unprecedented pressure to help students navigate tightening federal loan options while tuition continues to rise.
RESULT: Students defer enrollment.
Families go elsewhere. Your revenue takes a hit.
THE PROBLEM
Tuition rising. Federal loans shrinking. The gap between what students can pay and what college costs is wider than ever.
Tuition Up
Familes Affected
Average Debt
THE SOLUTION
lllumia Payment Plans help institutions bridge the financing gap by making it easy for students to enroll. Reduced friction. Increased adoption. Better outcomes.
My Payment Plan
Institution control. Full customization.
Full Service Payment Plans
lllumia handles marketing, support, integration.
Past Due Payment Plans
Recover revenue from outstanding balances.
Promise to Pay
Bridge gaps. Get students registered now.
THE VALUE
Faster Enrollment
Reduce processing from 30+ minutes to 5 minutes
Higher Adoption
Increase payment plan enrollments by 31 %
Better Collections
Improve retention and reduce receivables
Revenue Recovery
Unlock revenue from past-due and financial aid gaps
Multiple Payment Methods
ACH • Credit/Debit • PayPal • ApplePay • GooglePay • 529 • International
The Rules Changed.
Your students are already affected. It's time to bridge the gap. Contact your account manager to launch your payment plan strategy.
Get in touch with our experts for more information.
Phone: (866) 259-6296 | Email: info@illumiatech.com| illumiatech.com
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