Making the Grade: Promoting Faster Payments in Education

Two-Thirds of College Students Want to Use Their App to Pay Tuition 

Soaring tuition costs have made loans, grants and scholarships the keys to an education, but payments frictions can jeopardize enrollment when crucial deadlines are missed. The latest “Money Mobility Tracker®,” a collaboration with Ingo Payments, examines the impact of instant and digital payments technology on students and the institutions that serve them.

Inside the February Tracker
  • Errors, delays and other inefficiencies plague private and federal student loans.
  • Many financial service providers view students as a captive audience and, as a result, are less inclined to provide better products.
  • Electronic disbursement methods, such as direct bank transfers and digital wallets, offer unparalleled speed and efficiency.