Education Loan Source, Inc. (ELS), the nation’s leader in education financing administration and services, is proud to announce the launch of the TuitionFlex℠ financing program at four (4) Bellus Academy campuses located in the states of California and Kansas.
TuitionFlex℠ provides students with the option to extend tuition payments over a specified period of time instead of paying cash up-front for an academic program. “We are pleased to offer flexible payment options as it allows students to get started on the education they need to enter a new career sooner,” said Lynelle Lynch, President of Bellus Academy. “With funding options being extremely limited in today’s environment, the opportunity to stretch payments over time makes a big difference for our students.”
With all aspects of TuitionFlex℠ handled by ELS, the program requires very little time from school officials. Victoria Russ, Director of Financial Aid of Bellus Academy, commented, “After administering an in-house payment plan for many years, we appreciate the fact that all program administration is handled by ELS. This frees us up to spend more time working directly with students. We also appreciate the fact that TuitionFlex℠ keeps us in compliance with federal and state Truth-in-Lending disclosures.”
While other companies provide partial support for payment plans, as program administrator, ELS offers total support from the point of application through servicing. TuitionFlex℠ offers a branded online application process, electronic signature, customizable reporting, automated payment processing, and flexible servicing repayment terms. ELS’ program is of particular assistance to schools concerned with 90/10 compliance.
“Bellus Academy is one of the only academies in the nation that provides premium financing programs to launch a successful career in the beauty and wellness industry,” said Jacklyn Garcia-Schneider, Director, Client Services for ELS. “Now that they’ve partnered with ELS to offer more financing options, it is gratifying to know that more students will be able to consider enrollment.”
Click here for more information about the TuitionFlex℠ program.