Financial Agility
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Flywire Showcases Leadership in U.S. Higher Education Sector at its Second-Annual Client Conference
Globenewswireยท 2025-10-23 20:05
Core Insights - Flywire is positioned as a vital partner for U.S. higher education institutions, helping them enhance revenue and student success amid changing federal policies and enrollment pressures [1][2] - The Flywire Student Financial Software (SFS) is delivering significant ROI by automating processes and protecting enrollment revenue, with institutions reporting improved working capital cycles and reduced operational burdens [2][3] Financial Performance and Metrics - Institutions utilizing Flywire's SFS have experienced a drop in default rates from as high as 34% to as low as 1% due to self-service, accurate, and intuitive payment plans [2] - Flywire has activated over 827,000 payment plans since inception, collected over $360 million in past-due tuition, and achieved more than $72 million in pre-collection savings for partner institutions [5] Institutional Adaptation and Innovation - Keynote speakers emphasized the need for institutions to adapt to demographic and market shifts, diversify student populations, and create sustainable revenue streams to remain competitive [4] - Flywire's commitment to innovation is evident in its ability to meet the evolving needs of institutions across the U.S. higher education landscape [3] Client Success Stories - Southern Methodist University processed nearly 25,000 transactions and collected over $1.5 million in past-due debt shortly after implementing SFS [8] - Central Washington University saw its payment plan default rate drop dramatically from 34% to less than 1% after implementing SFS Collection Management [8] - Purdue University recovered over $7 million and resolved more than 70% of accounts since implementing SFS Collection Management [8] Awards and Recognition - Flywire recognized several institutions for their achievements in leveraging innovation to drive efficiency and improve student experiences during the Flywire Fusion event [6][8] - Citi was awarded the inaugural 2025 Partner of the Year for its long-standing partnership with Flywire, supporting its strategic growth [8]