Payment plans, or installments, are plans that allow for a fixed number of payments that a student must pay. Payment plans can increase your school’s revenue by offering higher priced courses in a more approachable way. How?
By breaking down the total payment of a course into manageable chunks of money brings much more subscriptions to your courses. Think of that: You don’t want to lose students because they can’t pay all the amount upfront. Besides, once a subscriber sees the value you provide they will be willing to continue the course and spend the rest of the installments.
Moreover, customers are given an impression of compassion and empathy when business owners offer more than one payment options. This impression makes them more likely to keep on coming back and spreading the good word!