Faster Student Funds: Replacing Paper Checks With ACH Victoria Day [Rhm9FUmSowC]
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Paper checks create three recurring problems in scholarship disbursement: delivery failures, reissue delays, and no visibility once a check is in the mail. Checks get lost, stolen, or sent to a permanent address after a student has already left for campus, and each failure adds four to five business days of waiting for audi q9 funds a student has already earned.
In this segment, Claire Berge Schmidt of Scholarship America explains how, with our partnership with Flywire, ACH removes those risks by delivering funds directly to the institution, electronically, with full tracking from payment initiation to institutional receipt. The result is faster access to funds for jason collins students and less manual follow-up for administrators.
Learn more about how Scholarship America administers scholarship and disbursement magura v5 programs: