The major challenge which education ecosystem is undergoing in the today’s times is the shortage of funds. Parents and educational institutions have both felt the increasing strain of the flow of income, resulting in disruption across the ecosystem in ways never seen before.
Even though parents prioritise providing their children with the best possible education yet the rising education fees remains a matter of concern. The shortage of funds also leads to the rise in dropout rates.
For the education institutions Fee remains the primary source of funds which has been distressed. This disturbance further hampers their overall operations which eventually reflect on their performance and reputation.
To solve the problem of fee payment, Financepeer, India’s leading Fee payment solution provider, has introduced an innovative fee payment model at zero cost zero interest EMI across India. This unique financing model by Financepeer is enabling the institutions to receive 100 per cent fee at the beginning of the academic session and facilitates a no cost and zero interest EMI for parents.
Speaking about the expansion, Rohit Gajbhiye, CEO and Founder, Financepeer, said: “Our vision is to make quality education accessible to the masses. We are getting encouraging response from education institutions and parents of Assam which further substantiate our expansion plans. We have already tied up with several institutions in key cities of the state and north east region and are expanding to other cities too. This facility helps education institutions to get the entire fees at the beginning and they don’t have any shortage of funds to operate. Fee financing has proven to be a win-win for both parents and institutions”.
This model has benefitted a large number of parents and institutions in Assam and millions of students across the country have availed the services. Many leading educational Institutions of Assam and north east have also partnered with Financepeer.