KUALA LUMPUR, June 26 -- Flywire, a high-growth vertical payments company has announced new enhancements to its market-leading digital education platform that improve tuition affordability.
Flywire’s new international payment plan options empower institutions worldwide to provide students more flexible funding options to help them better manage their education expenses during a period of unique financial constraint.
As part of Flywire’s comprehensive receivables solution, this functionality builds on Flywire’s existing offerings and is customised to meet the needs of institutions worldwide with a high ratio of foreign students.
Due to the ongoing rise in education costs, many foreign students cannot afford to pay their tuition and fees in full upfront prior to starting or returning to school, according to a statement.
COVID-19 is exacerbating this affordability crisis, placing unprecedented financial strain on students, many of whom remain on campus due to the high cost of returning home at the outset of the pandemic.
Flywire’s international payment plan options address the needs of students and families to make education costs more manageable with capabilities that include preferred payment options, flexibility of choice and personalised installment options.
More details at www.flywire.com.
-- BERNAMA
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