Financepeer solving woes of parents and education institutions of Punjab through Fee Financing

Mohali, May 12, 2022: Modern times have brought various challenges to the education ecosystem. During the last couple of years, the entire education sector has struggled to defeat the pandemic-induced abnormalities. Both education institutions and Parents have experienced the stress of Fund Flow which has disturbed the entire ecosystem like never before. On the one hand quality education of the child is a priority for the parents while on the other hand fee payment is becoming difficult for them.
To address the woes of fee payment, Financepeer, India’s leading Fee payment solution provider has tied up with over 120 education institutions in Punjab for providing the Fee Payment solution at zero cost zero interest EMI.  The company has so far provided fee financing solutions to over 11,000 parents and is rapidly expanding its base in the state. The company is also offering free insurance facility to the students that are ensuring security to pursue their education.
Some of the leading educational institutions that have partnered with Financepeer are Lovely Professional University, Chandigarh Group of Colleges, Doon International School-Mohali, Chandigarh University, Universal Group of Institutes, Rayat Group of Institutions, etc.
Speaking about the expansion, Rohit Gajbhiye, CEO and Founder, Financepeer, said: “Our vision is to make quality education accessible to the masses. We are expanding our reach Pan India and Punjab is an important region for us. We have already tied up with over 120 institutions in key cities such as Chandigarh, Ludhiana, Patiala, Amritsar, Jalandhar, etc., 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. We are getting great response from the educational institutions across the state as it is a tough time for the entire education industry and Fee financing acts as a savior for both parents and institutions.
SunitGajbhiye, CBO and Co-founder, Financepeer, shared “The fee financing model has facilitated a lot of institutions and parents during covid and we want that the education of children should not suffer due to financial struggle. We are increasing our reach to all parts of West Bengal and Eastern India so that more and more institutions, as well as parents, can avail of the fee financing facilities”.
The aftermath of this unprecedented situation has led to the rise in demand for Fee Payment solutions. Fee Financing has not helped in reducing the dropout rates and enabled thousands of students to continue their education during the lockdown, but it has also been instrumental in helping the education system avoid a collapse in the absence of capital.