Generate your school's proposal.

Qualification

Tab Card LLC is pleased to submit this proposal to Your School for the adoption of the TAB Card. Tab Card LLC is a division of Municipal Cards LLC, which was established over ten years ago to offer an innovative property tax savings and economic development program for local government (MyEstateCard.com). Since then, it has brought to market other card programs where rewards from purchases are applied to other pre-existing liabilities like school tuition.

Tuition Savings Program

The TAB Card is a tuition savings program (TheTabCard.com) that enables schools to help their parent body reduce their tuition liability while increasing revenue to the school. The program, which is promoted by the school, offers its parent body a rewards debit card where the reward is applied directly towards the parent's tuition liability. Reward is calculated as a percentage of a purchase, with a greater amount of reward being earned at thousands of participating local and online merchants (reward amounts vary by merchant). Reward payments are paid electronically, creating minimal to no administrative burden.

Value

Community economic sustainability requires stakeholder collaboration. This program presents the school, its business community, and its parent body an opportunity to engage in a way that benefits all parties.

School: The program (i) accelerates the collection of tuition through everyday spending, (ii) helps parents reduce their ongoing tuition liability, (iii) generates new passive revenue for the school, and (iv) helps reduce tuition delinquencies.

Parents: The program gives parents the ability to reduce their tuition liability through their everyday spending. Purchases made with the TAB Card earn substantial amounts of reward, typically many times higher than any other credit or debit card, automatically credited towards their tuition account.

Community Businesses: The program (i) increases revenue through increased traffic, (ii) builds brand, business, and customer loyalty, (iii) drives higher value transactions, and (iv) promotes responsible spending.

Intellectual Property

Tab Card LLC has an issued patent, #8,401,895, providing exclusive rights in the United States to issue payment products for which rewards offset pre-existing liabilities (e.g. tuition) and to issue payment products for which rewards are assessed based on the location of the transaction (increased reward for local spending). Tab Card LLC is the only company in the United States currently able to offer such a program.

Included Features

The TAB Card program creates a platform allowing schools, parents, and the local business community to interact in a mutually beneficial way. Each school's program includes a personalized domain name, a school branded and personalized program website, branded mobile app, and branded browser extension. Cardholder accounts provide comprehensive functionalities and abilities to view transactions and rewards earned. Schools are also provided with a real-time dashboard displaying various metrics including a more detailed reporting section.

Tab Card LLC fully administers the program, providing all support including technology hosting, cardholder servicing, reward administration, tuition payment preparation, customer support, and digital program materials.

Program Deployment

Program deployment is rapid and simple. Minimal school resources are required. Typical deployment includes:

• Providing school logo and tuition account information.
• Linking the school website to the provided school branded program website.
• A letter to parents introducing the program with periodic reminders to utilize the program.

Projected Revenue & Tuition Savings for Your School

Modeled on 250 participating families (50% of 500 total families) spending an average of $38,000 per year on the TAB Card, with a 15% school rewards match:

Note: These projections are based on the assumptions in the model; actual numbers may vary.

Limited-Time Special Discounted Pricing