Invoicing, payment plans, and loan marketplace—combined in one custom payment flow. Let our team handle repayment while you focus on exceptional education.
Invoicing: Simplify one-time payments with low rates
Custom Payment Plans: Solutions tailored to your institution’s goals and your students’ financial capacities
Interest-Bearing Plans: Offer extended repayment with capped, competitive rates
Introduce more lenders to your students
Simplify loan comparisons to help students choose
Customize offerings and flow
Eliminate all in-house servicing and collections efforts
Provide students with 24/7 human support
Visibility into servicing team activity
Amazing student payment portal
Eliminate financial rejection from the enrollment journey.
Reduce decision paralysis by removing barriers.
Streamline the application and approval flow reducing applicant burnout.
Automate follow-up and provide alternatives in the case of lender rejection.
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Boost retention by lowering recurring costs, making it easier for students to stay enrolled and their payments on track.
Keep students focused on their education by offering predictable payment schedules and a modern payment experience.
Minimize late payments and defaults with proactive tracking and communication.
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Free your team to focus on student relationships and delivering education rather than chasing payments.
Remove the discomfort of financial conversations with students.
Increase repayments with Lumion’s payment management technology and human team.
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Use your Lumion dashboard to create a list of customized payment options tailored to your school’s and students’ needs.
Students interact with your Lumion portal, explore their options, pay right then and there or submit applications.
Both the school and student review and sign a digital contract, ensuring transparency and mutual understanding.
From the start, students are informed about their payment plans and the collections process, ensuring transparency and setting clear expectations. Students also have access to their Lumion payment portal at all times.
Lumion sends custom text and email reminders about upcoming payments, helping students stay on top of their payment obligations and reducing late payments.
Lumion’s dedicated servicers provide personalized outreach to students through phone calls, texts and other necessary methods.
End-to-end payment solutions built for institutions of all sizes.
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Explore the power Lumion’s products can bring to your institution.
