Business Case for Establishing a Direct Bill Payment Plan with DeVry University
6 min read
Why Direct Bill?
Implementing a direct bill payment plan is beneficial to the employee as the employer pays the institution directly. A Direct Bill Plan assists your organization in creating an equitable, inclusive program, allowing students to take out minimal to no loans or need to pay for their tuition in advance.
With direct bill, upon successful completion of the coursework, the employer pays DeVry University directly. This ensures the employee can focus solely on their coursework and skill development.
How does Direct Bill support talent management initiatives?
Diversity, Equity, Inclusion, and Belonging
Direct Bill enables organizations to remove barriers or biases that may exist within their tuition policy. Direct Bill allows organizations to offer a more inclusive tuition policy that bolsters organizational DEIB initiatives by providing employees, especially those from underrepresented groups, with the resources and support they need to acquire new skills and advance their careers.
This ensures that employees from underrepresented groups have equitable access to educational opportunities, giving employees from underrepresented groups the chance to build the skills and qualifications they need to be considered for leadership and other advancement opportunities.
When potential employees are considering job offers, they may weigh the benefits and compensation packages of different companies. If one company offers a more attractive and inclusive tuition policy, while others do not, the company that offers this benefit may be more attractive to job seekers who are looking to further their education.
Direct Bill allows organizations to offer a more inclusive tuition benefit which helps drive retention by giving employees equitable opportunity to further their education and develop new skills that can benefit the organization.
Direct Bill allows organizations to offer a more inclusive tuition benefit which can help organizations close critical skill gaps by providing employees with equitable opportunity to acquire the skills and knowledge they need to effectively perform their jobs and contribute to the organization's success. When employees are able to take classes and pursue degrees that align with the organization's goals and objectives, they can develop the skills and expertise necessary to fill key roles and support the organization's mission.
When employees feel that they can advance their careers and improve their job prospects within the organization, they are more likely to be motivated to stay with the company long-term. Establishing a Direct Bill payment plan removes the cost barrier of pursuing higher education.
How does DeVry University help?
DeVry recognizes changing an organizational policy can be difficult, timely, and sometimes risky. To aid partners and mitigate risk, DeVry offers a deferred payment plan to Direct Bill partners. Employees would still have to prove a satisfactory grade, but once they’ve done so, then your organization pays DeVry directly.
How is Direct Bill established? Partners can complete a short form provided by their Strategic Account Manager and return it to their Strategic Account Manager.
Direct Bill Frequently Asked Questions
Learn more about the benefits of a Direct Bill Plan and how partnering with DeVry University might offer your organization the opportunity to create an equitable, inclusive tuition policy.
In New York, DeVry University operates as DeVry College of New York. DeVry University is accredited by The Higher Learning Commission (HLC), www.hlcommission.org. The University’s Keller Graduate School of Management is included in this accreditation. DeVry is certified to operate by the State Council of Higher Education for Virginia. Arlington Campus: 1400 Crystal Dr., Ste. 120, Arlington, VA 22202. DeVry University is authorized for operation as a postsecondary educational institution by the Tennessee Higher Education Commission. Naperville Campus: 1200 E. Diehl Rd., Naperville, IL 60563. Program availability varies by location. In site-based programs, students will be required to take a substantial amount of coursework online to complete their program.