In the United States, more than 100 colleges and universities that use Flywire’s Student Financial Software (SFS) collected more than $320 million in past-due tuition to keep more than 161,000 at-risk students enrolled. These results are part of the ongoing commitment that Flywire Corporation (Flywire) (Nasdaq: FLYW) - a global payments enablement and software company - is making to its higher education clients in the U.S. to help them accelerate revenue, while optimizing for student success.

Faced with mounting pressure to create more sustainable revenue streams, U.S. institutions have adopted Flywire’s SFS solution to better streamline the student journey and address education affordability by providing more dynamic payment plans and accelerating past-due collections to help retain students. The return on investment from Flywire's  Collection Management solution of SFS is particularly strong, as it helps institutions avoid the costly process of sending students to collections, which typically charges on average 20% to collect past-due tuition owed. As one example, Purdue University - a Flywire client for cross-border tuition payments and digital 529 disbursements since 2021 - went live with Flywire’s Collection Management offering of SFS in March of 2024 to automate communications and payment plans to collect more past-due tuition faster. Within months, Purdue saved more than 300 students from going to collections, and recovered more than $1 million in revenue that would otherwise have been written off.

“I can’t imagine how much extra work we’d have to be doing if we were still doing collections the old way. It's kind of a lifesaver. Our write-offs will go down because of Flywire." - Chad Lester, Associate Bursar, Account Resolution and Loan Administration, Purdue University

Ongoing innovation also solves payment challenges around 529 disbursements and third-party payments

Flywire’s U.S. clients have also begun adopting its third-party invoicing solution, which streamlines the payment experience for third-party sponsors paying a student’s tuition and fees, as well as its 529 disbursements, which digitizes the otherwise manual process of 529 plan payment checks. Since the inception of its 529 solution, Flywire has digitized over $2 billion in tuition payments by eliminating the manual processing of more than 502,000 checks for institutions in the U.S., with more than 750 institutions in the U.S. signed on for the solution. This expansion of these payment capabilities demonstrates Flywire's commitment to addressing every aspect of the student payment journey, extending its expertise beyond cross-border transactions to deliver comprehensive payment solutions that help clients work smarter.

"When I first started with Flywire, they were just payments. Now they’ve put 529 solutions in, again a big problem in our university, all the checks. They’ve put in collections and now third-party invoicing. Everything they do makes our jobs easier." - Janet Hicks, Associate Controller, Student Accounting Services, University of South Florida

Strengthening partnerships to enhance capabilities for clients and embed deeper within broader education ecosystem

Flywire directly integrates with a number of leading technology providers, from large ERPs like Ellucian, to Admission and Enrollment Providers like CommonApp, and other software systems. Through these integrations, Flywire is helping institutions improve operational efficiency to ultimately provide better staff and student experiences.