Flywire, Ascensus report delivery of over $2B in 529 tuition payments

Flywire (FLYW) announced that they delivered more than $2B in electronic 529 tuition payments directly to colleges and universities in the U.S. throughout 2024. The digital payment capability has expanded to over 750 institutions and is now accessible through more than 40 Ascensus-administered 529 savings programs, enabling more efficient tuition payments for plan participants. The success of their integration underscores Flywire’s and Ascensus’ commitment to making paying for college more affordable and accessible for families across the country. Through Flywire’s partnership with Ascensus, families saving in a participating 529 plan on the Ascensus platform can leverage Flywire to electronically disburse funds to pay tuition-related expenses directly to the school from their 529 account. The partnership, which eliminated more than 200,000 paper checks in 2024, replaces the manual, inefficient process of handling 529 payments via paper checks with a fully digital payment and reconciliation system, reducing delays for students and administrative backlogs for schools. Integrating directly into an institution’s student database, Flywire also makes it simple and easy for any school in the U.S. to benefit from the ease of reconciliation and other operational efficiencies of the 529 disbursement solution, regardless of whether they are existing Flywire clients or not.