Nick Marten, Bursar, The John Lyon SchoolI have been a user of HTC (Holmwoods as we still call it) for 15 years in three schools. It is a straightforward and reliable system of allowing parents to spread their fees and is now the only system of staged payments that we offer our parents. In some cases it has been useful to guide parents to HTC to help them through short-term difficulties and every parent on the system that I have spoken to has told of their appreciation of what it can offer.
This is hardly surprising when considering the fact that over two thirds of parents pay for school fees from taxed earned income. Sooner or later, most independent schools will need to allow parents to spread the fees and pay in regular instalments.
HTC is the trading style of Holmwoods Termtime Collections, a partnership between HSBC Insurance Brokers Limited and Premium Credit Limited. For over 12 years, HTC has led the way in helping independent schools and their parents during the inevitable change from termly school fees payments to regular Direct Debit payments.
The benefits of HTC's range of products are clear. Parents may pay the fees in regular instalments by Direct Debit, just like all other commitments, whilst schools receive the full fees at the start of each term with no loss of cash flow.
All of HTC’s products can be tailored to meet schools' individual requirements, as one size does not necessarily fit all. HTC can help to decide which product will best suit the school and its parents.
HTC’s operations, administration and processing encompass the latest technology and are extremely efficient. The range of products and services provide significant benefits to parents and make a major contribution to schools in dealing with the burden of chasing late payments and considerably reducing banking administration.
For further information or a written quotation, please click to Equire Online.
The Leader Spring 2008
