Tuition Management Service To Add International Payment Option

A company that provides tuition management to K-12 and higher education payment systems will be adding a service that allows the families of international students to make payments in the currency of their home countries. Tuition Management Systems, a division of private student loan processor FirstMarblehead, will be adding foreign payment options provided by peerTransfer to its payment system.

peerTransfer, created by an international student at MIT, handles money transfers for international students at a lower cost than the fees charged in traditional bank offerings, such as wire transfers or credit cards. According to the company, the use of peerTransfer can slice hundreds or thousands of dollars off tuition payments.

The integration of offerings, which will provide for additional payment flexibility, will surface at all Tuition Management customer schools during the spring 2012 payment cycle. The addition of peerTransfer will help streamline the work of reconciling incoming international payments, the companies said in a statement.

About the Author

Dian Schaffhauser is a former senior contributing editor for 1105 Media's education publications THE Journal, Campus Technology and Spaces4Learning.

Featured

  • pattern of icons for math and reading, including a pi symbol, calculator, and open book

    HMH Launches Personalized Path Solution

    Adaptive learning company HMH has introduced HMH Personalized Path, a K-8 ELA and math product that combines intervention curriculum, adaptive practice, and assessment for students of all achievement levels.

  • red brick school building with a large yellow "AI" sign above its main entrance

    New National Academy for AI Instruction to Provide Free AI Training for Educators

    In an effort to "transform how artificial intelligence is taught and integrated into classrooms across the United States," the American Federation of Teachers (AFT), in partnership with Microsoft, OpenAI, Anthropic, and the United Federation of Teachers, is launching the National Academy for AI Instruction, a $23 million initiative that will provide access to free AI training and curriculum for all AFT members, beginning with K-12 educators.

  • laptop on a desk with its screen displaying numerous colorful educational app icons

    Survey Finds Majority of Schools Using 10 to 15 Educational Apps

    A new report points to the fragmented digital landscape of educational apps in use at schools and districts across the country.

  • laptop displaying AI-powered educational content

    Kira Introduces AI-Generated Lesson Tool

    AI company Kira has announced a new AI-powered lesson generation tool that it says delivers complete, standards-aligned lessons that are personalized to each student.