Pay your tuition bills in interest-free
monthly installments with the IELI Monthly Plan
Which Sounds Easier?
Pay your tuition bill in a big lump sum OR
Paying your
bill in smaller, manageable monthly installments
(interest-free!)
IELI Monthly Plan
is here to help you find the best way to pay for education.
We're committed to simplifying what can be at times an
overwhelming and frustrating experience.
Whether you're planning ahead or already enrolled,
IELI Monthly Plan
offers a
wide range of flexible payment options to suit your individual
needs.
Monthly
payments are easier on your household budget. And they can
save you money by reducing the amount you need to borrow, and
by letting you keep funds longer in interest-bearing accounts.
Find out
if your school is one of 1,500 nationwide that offers the
IELI Monthly Plan.
Click here to see the
School/ University List.
To get started, take advantage
of our
easy on-line enrollment.
You pay only a low
non-refundable enrollment fee (contact our office for
details), which includes Tuition Protection Coverage at no
additional cost (depending on your school's plan).
IELI Monthly Plan
IELI Monthly Plan
is a monthly plan that provides interest-free monthly installments.
It works well for families who can't afford the entire tuition
bill at one time, or those who want to hold on to their
interest-earning savings a little longer.
Here's how it works:
Most schools send out tuition bills that cover the entire term and
are due in full.
IELI
takes your bill and splits it into smaller amounts, payable over a
number of months. You still owe the same amount of tuition,
but you now have more time to pay and your payments are much
smaller.
Your
school wants to promote student enrollment and retention to
ensure a secure revenue stream. IELI can help. On the front
end, we couple the affordable IELI Monthly Plan with special
marketing materials that promote your school's affordability
and help families create an early payment strategy. On the
back end, we help you monitor potential retention problems
with our IELI Alert early intervention questionnaires and
reporting.
IELI
programs shift the workload and expense from your office to
ours. Let us answer families' payment questions, handle the
monthly payment plan administration and send out how-to-pay
brochures - all at no cost to your school.
The IELI
Monthly Plan encourages systematic payment habits. Our
delinquency rate is less than 1% - so your school can expect
low delinquencies among enrolled families. IELI further
encourages on-time payments with multi-step preventive
measures and past-due follow-up.
IELI can
easily interface its student account data with CARS, Datatel
(Colleague), PeopleSoft, SCT (Banner, SIS, SIS+), Oracle and
many others. Our in-house programmers can also accommodate
proprietary systems.
Does your
school accept credit cards for tuition and fee payments (even
those not connected to a payment plan)? If so, IELI Express is
for you. It's a brand-new solution that lets your school
outsource its credit card operation for term bills - and
eliminate its merchant fees.
We accept
credit card payments, which may include VISA, MasterCard,
Discover or American Express. Cards offered can vary by
school. A convenience fee (the lowest in our industry) may be
assessed for monthly payments.
IELI
also
offers IELI Express: a brand-new solution that lets schools
outsource their credit card operation for term bills - and
eliminate merchant fees.
Is your
school really running a profit on its internal payment plan?
The IELI Internal Plan Analyzer can evaluate your school's
revenue vs. the hard and soft costs of administering a monthly
plan. You might find that outsourcing your plan can save time,
save money and let you focus on "mission critical" functions -
without giving up control. And, there is no fee to switch to
IELI and use our services.
Your
school will always have access to a knowledgeable IELI
representative. Your Client Relations Representative will
manage the day-to-day details of your account, while your
Account Manager will visit your campus for strategic decisions
on your payment options. Your account team is backed up by a
fully-staffed school call center which includes I.T.
professionals for your technical questions.
IELI has
long promoted careful financial planning. Like you, we try to
help families create a payment strategy that minimizes debt.
And unlike many other financial services companies, we offer
the budgeting and borrowing products that families will need
to execute their financial strategy.
IELI
can
provide your families with toll-free access to trained payment
counselors, simple payment planning literature, on-line
payment calculators and more. By fielding your families'
general payment questions, we take that burden away from your
school.
IELI
has the staff and resources to provide "one-on-one"
service - not "one-size-fits-all." You can call our
24 hours Helpline number to get financial guidance.
FAQ
How does it make tuition more affordable?
First, it's interest-free and gives you longer to pay.
Once your bill is stretched into interest-free installments,
the need to borrow is minimized or eliminated. Borrowing less
means you pay less interest—which can add up to great savings.
Second, the extended payment term lets you hold on to your
interest-earning savings longer. Instead of handing over all your savings at
one time, you can pay monthly and continue to earn interest on
what's left in the bank.
How much do I have to pay each month?
That's up to you. Payments can be stretched over 3-12 months,
depending on what your school offers.
Here's an example.
Let's say you owe $12,000 in tuition, and your school offers the
10-month Plan. Dividing the total bill by the number of months
you have to pay gives you 10 monthly installments of $1,200
each.
Can't afford to pay that much?
Keep in mind that you don't have to pay the entire bill with
IELI Monthly Plan. If needed,
Loans
are available to cover any amount that your current income and
savings can't cover.
Don't see your school on the list?
That means the
IELI Monthly Plan
is not offered at your school. But all is not lost! We can
provide an alternative source of education funds through our
loans. If you're not sure which
loan is best for you, give us a call at 0091-80-41145582 our
Consultants will be happy to advise you.
Click here to Apply Now!
Click here to see the List of Approved
Schools!
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