PayPal partners with three education platforms to let students pay tuition with PayPal or Venmo, starting at four universities with more expected this year.
Alpha Score of 62 reflects moderate overall profile with moderate momentum, strong value, moderate quality, moderate sentiment.
PayPal is opening its payment rails to tuition payments through integrations with three education platforms, the company said Wednesday.
Students at Bellarmine University, Butler University, Kansas State University and Michigan State University can now pay tuition and fees with PayPal or Venmo. The integrations run through Illumia, Nelnet Campus Commerce and TouchNet, the three platforms that handle payment processing for hundreds of colleges.
Frank Keller, president of checkout solutions at PayPal, said tuition is one of the biggest payments a family will make and should carry the same flexibility and security that consumers expect from everyday transactions. The company's fraud monitoring and encryption protections apply to tuition payments, the release said.
The move follows a broader push into higher education. One year ago, PayPal and Venmo struck agreements with the Big Ten and Big 12 conferences to handle institutional revenue-share payments for student athletes.
A PYMNTS Intelligence report from 2024 found that 71% of college students said they would pay tuition more promptly if digital payment methods were available. Three-quarters of students reported stress from fragmented college payment experiences, and 21% cited a shortage of convenient payment options.
The company is also in discussions with a group that includes Stripe and Advent International about a potential sale, according to a report last week. The July proposal valued PayPal at $53 billion, a premium to its roughly $40 billion market value at the time.
Drafted by a large language model from the source reporting linked above, then screened by automated publishing checks. It is not read by a journalist before publication. Some articles cite our Alpha Score. Verify prices and figures against the original source. Educational coverage, not personalized advice.