Payment Plans: The Secret to Increasing Retention and Helping Students Lower Debt Before Graduation
Payment plans can be an effective tool in helping students at community colleges matriculate through their educational programs. In a recent Transact Payments survey, 53% of community college students were surprised to find their school provided a payment plan option for their tuition and fees. More broadly, 33% of all college students did not know how they would fund their academic dreams without the support of a payment plan, while another 33% knew they would not be able to attend college at all without using a payment plan.
During this on-demand webinar, Delaware County Community College and Transact explain how payment plans can be utilized in financial aid packages to help with student retention, how institutions may self-manage their payment plans and tailor programs to student financial needs, and what options exist to expand awareness of payment plan programs in collaboration with other administrative marketing efforts.