Outsource your student payment plans to us for total end-to-end management and cut down your administrative workload.
Overview
Your partner in finance administration
Payment Assist allows your staff to focus on providing excellent services for your students while we take care of payments.
Our understanding of the full scope of services required by education providers led us to develop Payment Assist. We delicately manage all aspects of student instalment plans – from set-up to managing payment failures, financial hardships and regular collections – so every aspect of tuition fees collection is taken off your hands.
Payment Assist provides peace of mind that more of your students can access quality education without the stress of funding. Even those who do not meet the criteria for our other financing options – such as Study Now Pay Later and Vocational Loans – can default to Payment Assist as an attractive funding alternative.
How it Works
Five easy steps to Payment Assist
Step 1: Get accredited
Step 2: Set payment plan parameters
Step 3: Receive unique application link
Step 4: Students apply
Step 5: Collecting repayments
Benefits
Here's what it means for you
Increased enrolments
Cost savings
Simple and convenient
Service you can trust
Eligibility
Is your student eligible?
This pre-qualification checklist provides an indication of eligibility for Payment Assist.
An Australian Citizen or Permanent Resident
18 years or older (or 16 years old with parent applying on their behalf)
Holds an Australian bank account
Employed full-time or part-time for at least six months before applying
No foreseeable change to circumstances at time of application
Frequently Asked Questions
Simply contact us and our Sales Team will get in touch to discuss the details.
Once we have your application and the required information, your accreditation can be confirmed very quickly.
The financial wellbeing of you and your students is our main priority. As such, accreditation involves assessing your business, including your financial position for the past financial year. This is an ASIC requirement and it’s also a health check to ensure that our services are the best fit for you and your students.
No, you don’t need to apply again if you’re already accredited with us. However, all our partners are subject to annual review as part of our compliance obligations.
Yes, we provide regulated consumer loans under our Australian Credit Licence 386010. In doing so, we must comply with the National Consumer Protection Act 2006 (Cth), the National Credit Code and we must meet ASIC’s requirements in relation to consumer lending. However, the Payment Assist product is not intended to be a credit facility and is not regulated under the Act or the Code.
Repaying the plan is as easy as setting up a fortnightly or monthly direct debit. If your student misses a payment, they need to call us ASAP to avoid any additional fees.
Yes, each student must have a regular income and be able to demonstrate their capacity to service the payment plan. They must be employed full time or part time for at least 6 months before applying.
Testimonials
Book a Call
Let's create opportunities together!
Fill out your contact details and we'll be in touch within 24 hours. If you're a student wanting to get in touch with us, please email support@zeefi.io
We can’t wait to partner with you to grow your offering and grow your enrolments.