Tuition Management FAQ

What can be billed through your system?
It’s not just for tuition! While we call the product ‘Tuition Management’, in reality, it is a whole-school billing system. You can apply charges for any item or service and distribute those charges to individual invoices or across any/all remaining invoices. Some of our schools are using the billing system for lunch programs, late library fees, summer school, sports, field trips, development and just about anything else they can think of. Many schools have dropped their old way of billing and moved everything onto the TADS system.

How are collected funds reported to the school?
The TADS Tuition Management system reports full line-item detail and can be used as a full-fledged subsidiary ledger system. We have two CPA’s on staff who can’t stop raving about the reporting system. Unlike other tuition management firms, line-item detail is carried throughout, never lumped for payment.

Is TADS truly paperless for the schools?
The TADS system is 100% paperless for your school! We have paper applications, invoices and correspondence available for your families, but you may instruct us to administer the system paper-free.

How are tuition management contracts created and processed?
If you are using TADS Admissions / Enrollment and/or TADS Financial Aid, all student information is automatically available in the Tuition Management interface. If you use another system to manage these processes, then a simple import of your enrollment and financial aid data can be completed to simplify household creation. The TADS online contract builder then allows you to apply aid, grants and charges to individual students or across grades, completing the contract. Contracts, award notices and acceptance letters are then built on demand by TADS, queued for print and sent via postal mail or emailed to families.

How much does it cost?
Variable per-family fees are $45. For simplification and to encourage schools to use one system for all students, one and two-time payers incur no fee, even if you use incidental billing for them. There may be an annual school fee. Please contact us for a proposal based on total service required.

Do you call on delinquent payers?
Yes, TADS keeps all communication readily available in a frequently updated activity log ticket system. The communications are always available to you at the school.

What payment methods are accepted?
Credit cards, automatic withdrawal, e-check, personal checks and money orders via postal mail are all welcome.

When does TADS transfer receipts to the schools?
We are the quickest in the industry with five ACH transfers of collected funds each month. All transfers are detailed in online, easy to use reports.

Where do you keep funds awaiting remittance to the school?
TADS uses top-rated bank checking and savings accounts plus 30 day T-Bills to safeguard funds until transferring the funds to schools. We take absolutely no chances with your funds.

What is your late fee policy?
We have a late fee of $29 which can be waived by the school and TADS staff at any time and frequency. The goal of the late fee is to encourage on-time payments as we wish to get your funds to you on time.

Do you allow adjustments to the tuition management contract throughout the entire year?
Yes, you can adjust contracts using our online contract builder at any point during the year. TADS then mails or emails the families to also inform them of the change. The TADS system automatically updates payment schedules based on the revised contract. Families can access their particulars using their online access.

How do families and administrators contact TADS for support?
Our friendly and knowledgeable in-house staff is available via telephone, online chat or email Monday-Friday, 8:00am to 6:00pm Central Time. The family online system is available 24/7 and gives them all their particulars.

How quickly can the system be ready for the school and families?
Your school can be ready to go within 24 hours of authorization. Contracts are then available and the family online system is available for their use.

 
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