Delayed disbursements of scholarship funds and inefficiencies in federal loan systems are creating obstacles for students in accessing timely financial support for education.
Private schools, especially smaller ones, heavily rely on scholarship funds to cover operational costs. Delayed payments can lead to financial strain and disrupt daily operations.
Inefficiencies in federal loan systems have resulted in confusion for borrowers, long wait times for assistance, and increased call volumes to loan servicers.
74% of students do not have access to tuition payment options via an app, highlighting the need for modern, user-friendly payment solutions for students.