Focus on education
Offer your parents the option to pay their school fees in a more convenient way. Avoid the costly and time-consuming administration that goes with managing school fee collections. Focus on your core business – educating and preparing students for a bright future.
Ease & flexibility
Parents can apply easily online. Once approved they can self-service through the Futurity Education Loans Portal... 24/7 to pay school fees directly. Loan repayments are deducted from their nominated bank account and they have flexibility to update the loan repayment schedule if required.
Our Tuition Instalment Loan can also be used to pay for any education related expenses listed on the school fee invoice which means they only need to manage one facility.
Long term solution
The Tuition Instalment Loan can be used again the following year. Parents can also apply for a loan increase... directly via the Futurity Education Loans Portal.Read more
No hidden fees
Parents can enjoy peace of mind with our simple and transparent fee structure. The Tuition Instalment Loan charges... a simple 3% annual Service Fee of the Loan Limit and there is no Application Fee.Read more
Our Tuition Instalment Loan allows you to offer parents alternate and flexible payment options without increasing... your administrative burden. This can help alleviate discomfort in the parent-school relationship, allowing you to continue focussing on delivering quality education outcomes.Read more
The needs of parents and educators are at the forefront of our product design. The flexibility and features of our... Loan helps:
• parents pay school fees and other education related expenses on time.
• you avoid costly and time-consuming administration involved in managing an internal payment plan.
• your reconciliation processes as fee payments are made via BPAY®, so you can easily match payments back to a family’s account.
Peace of mind
Minimise the cost and hassle of following up late payments. Parents who use our Tuition Instalment Loans have the... funds available to ensure school fees can be paid on time. Our loans increase the certainty of timely payment, giving you peace of mind.Read more
We are an independent and mutually structured financial institution that has been in operation for over 45 years. We are passionate about supporting the education journeys of Australians and since our inception, more than 550,000 children have received education benefits and $3.59 billion paid to our members and their education beneficiaries.
Provide payment flexibility without the admin burden
Partner with a financially sound and respected financial expert
Contact us to free up your school’s resources so you can focus on your core business - education.
Futurity Loans team
Our Education Bond Range
Give your future families the start they need. Our Bonds can help them save and invest to ensure they are able to provide their children the best education possible.Learn more
The Tuition Instalment Loan is designed specifically for private/independent school fees where the school does not offer a weekly, fortnightly or monthly instalment option.
It can also be used to pay for any expense listed on a school invoice, including levies, music lessons, uniforms, school camps or electronic devices.
Parents can apply easily through our online application form and will hear back in two business days with a decision.
Once a loan is approved, customers are provided with access to the Futurity Education Loans Portal where they can view their account details. In addition, customers can draw down and pay their school fees from their loan at any time via BPAY®.
Alternative payment methods can be arranged if the school does not accept BPAY®.
Futurity is regulated by the Australian Securities & Investment Commission (ASIC) and Australian Prudential Regulation Authority (APRA). Our Australian Credit Licence Number is 236665.
Our loan products are regulated under the National Consumer Credit Protection Act 2009 (Cth) (NCCP) which includes the National Credit Code (NCC). Applicants for a Tuition Instalment Loan are assessed on their capacity to repay and are subject to a credit check. As part of our Responsible Lending obligations we are also required to ensure the loan itself is suitable for their needs and that they can demonstrate the capacity to repay.
Our regulatory obligations extend to adhering to the Australian Competition and Consumer Commission (ACCC) and ASIC guidelines for debt collection as well as a fully compliant Hardship policy and procedure.