Smart Tuition Aid provides schools with data for making decisions regarding needs-based financial aid. Smart Tuition examines incoming applications, gathers documentation from families and makes recommendations to schools on how to distribute financial aid.
Smart Tuition Aid’s goal is to provide statistical models that help schools make appropriate decisions about the disbursement of their financial aid. Its recommendations for dispersal are based on the financial data that Smart Tuition collects from families. However, the final decision concerning how aid is disbursed remains entirely up to the school. The organization also assists schools in collecting from students who are delinquent on their tuition payments and financial aid repayments.
Smart Tuition itself handles telephone calls and emails, acting as a middleman between students and their universities. Smart Tuition Aid also aids schools by providing software to aid with the processing of these financial numbers. Using proprietary software, the organization helps schools set up accounting systems that help reduce time dealing with financial numbers. This software also helps schools more effectively audit student accounts.
In addition, the organization provides mobile apps that allow students and parents to handle payments online without the need for a computer. As of 2015, nearly 2,500 schools use Smart Tuition Aid.