Keep tuition plans on track from enrollment to graduation
Trade schools enroll in cohorts, bill tuition in installments and add kits, exam fees and sponsor payments along the way. With Finli from your bank or credit union, plans run on autopay, every payer sees the same balance, and tuition settles in the school's account.
What gets in the way
Plans that drift
Installment plans fall behind quietly. By the time staff notice, a student may owe several payments.
More than one payer
Students, parents, employers and workforce programs may each pay part of one balance, and each needs a receipt.
Withdrawals and refunds
When a student withdraws, refunds follow the enrollment agreement and state rules, and need a clear record.
A week at a cosmetology and barbering school with rolling cohorts
- Enrollment signedThe enrollment agreement and payment plan are stored on the student's record.
- Kit fee paidA parent pays the student kit fee from a payment link sent by text.
- Installments on autopayMonthly tuition bills as a recurring invoice that the student pays automatically.
- Sponsor pays its shareA workforce program or employer sponsor pays its portion against the same student balance.
- Exam fee billedBefore the licensing exam, a one-time fee invoice goes out with automatic reminders.
- Graduate launchesA graduate opens a business on the school's branded platform, with an account at the bank.
Built for trade and career schools
Tuition installments
Payment plans as recurring invoices with autopay by bank account or card, and reminders on missed installments.
Kit, exam and ad hoc fees
Invoice or send a payment link for kits, exam fees and replacements as they come up.
Third-party payers
Parents, employers and workforce sponsors pay against the same student balance, with receipts to each.
Student records and documents
Enrollment agreements, payment plans and receipts stored on each student's record.
Pro-rata refund calculations
Refunds calculated from the student's ledger and the refund policy the school configures.
Student studio
A platform in the school's brand where graduates run their first business, with banking by the institution.
Instructor and supplier payoutsIn pilot
Pay instructors and product suppliers, with W-9s collected and 1099 totals tracked. Now in pilot.
For banks and credit unions
Trade schools collect tuition every month and train people who often go on to open their own shops and salons. A branded tuition program keeps the school's receipts at your institution, and the student studio can bring each graduate's first business account to you as well.
Where these businesses grow next
- Graduate business accounts
- Equipment financing
- Treasury management
Calculates pro-rata tuition refunds from the student's ledger and the school's configured refund policy, and keeps the record with the enrollment agreement.
Talk to our teamCommon questions
Can more than one person pay toward a student's balance?
Can students pay without a card fee?
What is the student studio?
More in education
Finli is offered through your financial institution
Banks, credit unions and community lenders offer Finli under their own name, so your payments settle with the institution you already use. Tell us where you bank and we’ll ask them for you.