You can Venmo your college tuition, for some reason
Kids these days don't know how good they have it.
Venmo, the popular digital payment app, is now offering users the ability to pay their college tuition, following a partnership announcement with PayPal on Wednesday. The collaboration with education payment platforms Illumia, Nelnet Campus Commerce, and TouchNet, which serve numerous colleges and universities, provides students and families with an additional payment method for tuition fees.
PayPal and Venmo’s integration with these platforms aims to offer students and families more flexibility and reduced friction when it comes to paying their tuition. Jackie Strohbehn, president of Nelnet Campus Commerce, emphasized that tuition is the most significant financial decision students and families face when pursuing higher education. By adding more payment options, including PayPal and Venmo, the platforms seek to make affordability less of a barrier to staying enrolled in college.
According to TouchNet president Jeremy Loch, the new integration enables institutions to broaden their payment choices and provide a more seamless experience for both tuition payers and institutions. This development is particularly significant for students who are often burdened with five-figure tuition bills and may not be familiar with unfamiliar payment portals.
The change represents a shift from the days when students faced challenges accessing a seamless experience that delivered value for both those paying tuition and the institutions. Now, with the ability to Venmo or pay tuition directly through the PayPal app, students can more easily manage their finances and avoid the inconvenience of navigating unfamiliar payment systems.
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