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January 2009
Drew University Partners with Tuition Options LLC
Mt Laurel, NJ, January 23
Tuition Options LLC is pleased to announce that Drew University has partnered with the company to provide affordable tuition payment solutions to their university. Joseph Kelly, Associate Vice President of Finance and Treasurer, states, "Many families and students have been impacted by the current credit environment. Drew University is taking proactive steps to provide the best alternative financing options to our students."
"Our credit and risk assessment model enables schools to better forecast the cash flows from the institutional loans they are providing their students with far more certainty," said Tim Tantillo, Chief Financial Officer of Tuition Options. "We look forward to equipping schools like Drew University with the necessary tools to help their students and families."
Tuition Options LLC is a leading provider of credit risk and assessment modeling and servicing for schools throughout the United States. For over 37 years, the company has serviced institutional loans for students attending traditional four year colleges and universities, career training schools and K-12 tutorial schools. The company currently provides payment solutions to more than 500 schools and manages over 38,000 students. More information is available at www.tuitionoptions.com.
Media Contact : Leslie Canuso (856) 235-3599 (leslie.canuso@tuitionoptions.com)
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December 2008
NAHETS Contracts with Tuition Options LLC
Mt Laurel, NJ, December 22
Member schools of the National Association of Heavy Equipment Training Schools (www.nahets.org) have engaged Tuition Options to offer additional financing solutions and portfolio risk management services to their five campuses:
- Georgia School of Construction
- Nevada School of Construction
- Northern California College of Construction
- Oklahoma College of Construction
- Southern California College of Construction
"Fewer private loan approvals have led to an immediate need for additional financing solutions for our students. Tuition Options' risk assessment tools will allow us to effectively mitigate the risk and manage the overall portfolio," states Matt Klabacka, co-owner and COO of NAHETS.
Tuition Options LLC is a leading provider of credit risk and assessment modeling and servicing for schools throughout the United States. For over 37 years, the company has serviced institutional loans for students attending traditional four year colleges and universities, career training schools and K-12 tutorial schools. The company currently provides payment solutions to more than 500 schools and manages over 38,000 students. More information is available at www.tuitionoptions.com.
Media Contact : Leslie Canuso (856) 235-3599 (leslie.canuso@tuitionoptions.com)
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Tuition Options LLC Introduces Credit and Risk Assessment Model
Mt Laurel, NJ, December 11
Tuition Options is pleased to introduce a new credit and risk assessment model to its suite of products and services. This model captures critical data points enabling a school to assess the credit quality of incoming students.
The company's risk assessment model provides schools with a credit "scorecard" which reflects the expected collectability of institutional loans customized to an institution's risk tolerance. An assessment is also provided on the repayment capabilities of both students and co-borrowers. The risk model enables admissions and enrollment management personnel to admit students based on defined criteria. This new product compliments the existing servicing and collection platforms of Tuition Options.
"Today's credit environment has created significant enrollment and financing challenges for both schools and students," states Tony Flor, Chief Credit and Risk Assessment Officer. "Our credit and risk assessment model allows schools to minimize their collection risk and offer their students affordable payment solutions."
Tuition Options LLC is a leading provider of credit risk and assessment modeling and servicing for schools throughout the United States. For over 37 years, the company has serviced institutional loans for students attending traditional four year institutions, career training schools and K-12 tutorial schools. The company currently provides payment solutions to more than 500 schools and manages over 38,000 students. More information is available at www.tuitionoptions.com.
Media Contact : Leslie Canuso (856) 235-3599 (leslie.canuso@tuitionoptions.com)
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Omega Recording Studios Signs On With Tuition Options LLC
Mt Laurel, NJ, December 3
Omega Recording Studios' School of Applied Recording Arts and Sciences, a leader in the instruction of recording and audio production operations for over 30 years, has partnered with Tuition Options to utilize their data management, risk assessment and servicing platform. "Providing affordable student payment solutions while minimizing credit risk is a very valuable enrollment management alternative for my institution," said Omega Studios' President, Edward Petersen.
Tuition Options' suite of products and services offers a turn-key solution for students and schools. The company's new credit and risk assessment model provides schools with a valuable solution to identify qualified students for their institutional loan program while managing credit risk."
Tuition Options LLC is a leading provider of credit risk and assessment modeling and servicing for schools throughout the United States. For over 37 years, the company has serviced institutional loans for students attending traditional four year institutions, career training schools and K-12 tutorial schools. The company currently provides payment solutions to more than 500 schools and manages over 38,000 students. More information is available at www.tuitionoptions.com.
Media Contact : Leslie Canuso (856) 235-3599 (leslie.canuso@tuitionoptions.com)
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