Flywire has announced a partnership with Tuition Management Systems, LLC (TMS), a leading provider of innovative education payment services for Higher Education and private K-12 educational institutions.
TMS currently serves over 700 member schools nationwide, providing solutions that reach across the entire breadth of the tuition payment continuum through a customized suite of products that focus on affordability and best-in-class customer service. TMS supports this mission with product offerings that include the industry-unique BorrowSmart® Affordability Counseling, customizable Payment Plans, Payment Gateway solutions, Tuition Billing Production and Presentment Services, Refund and Disbursement Management solutions and more. TMS operates out of corporate headquarters located in Warwick, RI.
For TMS, this partnership will offer its customer schools an integrated, secure and affordable tuition payment solution focused on international students through the Flywire solution. The costs saved through Flywire correspond precisely with the TMS philosophy of helping families afford education. In addition, TMS member schools will also realize increased workload efficiencies and cost savings with a more streamlined way to reconcile incoming international wires. The international education payment solution provided by peerTransfer will be offered as a turn-key solution to all TMS member schools for the Spring 2012 payment cycle.
Flywire’s CEO Iker Marcaide said “We are very excited to work with TMS to offer an integrated solution for TMS member schools. The partnership illustrates the benefit many schools are placing on an enhanced international payment process for both the school and the students. We are thrilled to have TMS member schools join the list of leading schools in the US that already use Flywire’s free service.”
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