Payment Plan Manager Savings Calculator

Offering students a monthly tuition payment plan option will obviously impact the revenue stream of you institution. Outside vendors hold institution funds thus depriving the school of time value of that money. In addition, they generate fee income from students/parents that participate in payment plans. Payment Plan Manager ^TM enables you to recapture the time value of your funds while earning the fee income as well! If you would like to know exactly how much revenue an in-house payment plan can generate for your school compared to using outside vendors, simply complete our Income Calculator.

Total enrollment
Students/year

Number of annual payment plan participants (actual or estimated)
part/year

Annual payment plan application fee
$ per student

Average annual budget amount per student:
$ per student

Potential income lost to outside vendor
Time value of money lost $
Application fee income lost $
Net income lost
$

Income earned by Payment Plan Manager
Time value of money gained $
Application fee income earned $
Operating expenses $
Net annual income gained
$ ^*

* To learn how we calculate these figures view our comprehensive Income/Expense Analysis, Labor cost analysis report.

If the PPM calculator does not work with your browser and you would like a comprehensive comparative analysis please fill out the Contact Us form, e-mail us, or call us at 800-551-2773.