Integrated Management of Financial Aid and Tuition for K-12 Schools

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Private K-12 schools are often faced with the daunting task of managing their financial aid and tuition processes in disparate technology platforms that don’t communicate well with each other, if at all.

The integration of Blackbaud Financial Aid Management™ and Blackbaud Tuition Management™ provides a simple, consolidated place for you to track and manage your school’s financial aid awards, alongside billing and tuition payments. Plus, they connect with the rest of Blackbaud’s cloud solution for K-12 schools.

Discover the benefits of connected management of your financial aid and tuition processes below.

Financial Aid

  1. Customizable online application that’s easy to complete
  2. Simple uploading of tax returns, W-2s, and pay stubs to a secure online parent portal
  3. After an initial automated review, Blackbaud’s in-house document review team reviews each application to verify the financial information
  4. Automated email reminders and online support for parents
  5. Fair and equitable award recommendations based on your school’s policies, custom calculation settings, enrollment parameters, and U.S. Bureau of Labor and Statistics housing data
  6. Send custom award and denial letters with the push of a button

Tuition Management

1. Tuition and fee billing

Add tuition and other accounts receivables to individuals or groups, which are itemized separately on the invoice.

2. Shopping Cart Optional Fees

  • Your school can list optional fees in pick and-pay style

  • Selected fees will appear on the family account, with no invoice sent

  • Optional fees are useful for one-time purchases or events—like yearbook, homecoming, graduation, sports, and club items.

3. Go beyond tuition collection by billing and managing any accounts receivables such as extended care, yearbook fees, athletic and other extra curriculars, field trips, and more.

4. Expanded Payment Options

  • Mobile payment platform
  • Purchase and donation portals
  • Payments can be made by anyone accessing your school website

 

Privacy And Security of Financial Data

Protecting the privacy of your school and your families’ financial information is our highest priority. We maintain physical, electronic, and procedural safeguards to protect your personal data.

1. Security You Can Trust

Information and funds security is an ever-present concern. Blackbaud has trustworthy processes in place to reduce risks.

2. Data Encryption

All payment data is transmitted using 256-bit encryption. This is the industry standard for financial institutions. All payment information is sent through a VPN network.

3. PCI-DSS Compliance

Payment Card Industry-Data Security Standard (PCI-DSS) compliant.

4. Blackbaud ID

Blackbaud ID facilitates secure, single sign-on access to keep your data safe. Key features include enhanced password protection, multi-factor authentication, social authentication, and more.

Learn how Blackbaud can level up your team.

 

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