Technology has fundamentally changed the behaviors of financial transactions in modern life with technologies as new as tap-payments to expect modes such as online-banking. Tech-enabled solutions for financing education have also gained traction over the past few years.
Solutions offering 'learn now, pay later' models, micro-lending and re-financing options for learners provide easy to use, membership-based solutions that are challenging traditional lender models.
Proponents of these solutions suggest several benefits. Examples include: Financing options for school fees that allow repayment after graduation ease the strain on parents. Scholarship search and matching solutions enable students to discover and navigate complex scholarship processes and enable schools to fulfil their scholarship commitments. New payment processing solutions help colleges process payments from international students and challenge traditional providers in this space.
