Applying for admission to a university abroad to pursue higher education is increasingly popular with young generation in Vietnam. However, it is difficult to pay tuition fees when children study abroad as parents because they have to send money to a faraway place. It is difficult to control whether the money has been transferred successfully. So what is the safest way to pay tuition fees for international students?
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The most commonly used way to pay tuition fees - Bank
When transferring money internationally or paying tuition fees for children to study abroad, the bank will be the first choice of parents because of its safety. Going to the bank is still the most common option for most parents despite its complex procedure.
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When paying tuition fees via bank, the bank will ask you to provide the following documents (in general):
- For students who pay tuition fees by themselves: Original passport and copy, School fee invoice, Admission letter.
- For parents (father or mother, must have their name in the household registration book): A copy of household registration with a true certified copy or original and a true copy), Birth certificate, Copy of passport, a valid visa of the international student.
Paying tuition fees with banks will help you feel secure about your money because the tuition fees at foreign schools are expensive. However, this way of paying tuition fees will take a lot of time. The bank transfer fee is also a big cost for most Vietnamese parents. Therefore, many parents have chosen financial service companies to shorten the time to receive money and the amount of transfer fees they spend.
The safest and most convenient way to pay tuition fees today - Fintech companies
FinTech companies provide fast international payment services with many good offers compared to traditional methods, so it ultimately scores for parents who need to pay tuition fees for their children to study abroad.
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Many FinTech companies appear in the market, so parents' choice becomes more difficult because they do not know which is safer or more favourable,... Therefore, careful research will help parents not only pay tuition fees safely but also can use their services to transfer money to their children quickly.
Benefits of choosing reputable FinTech companies to pay tuition fees for international students:
- Good exchange rates
- The transfer time is evident and will be faster than other methods.
- Many good promotions regarding free fees or heavy discounts on fee
- You can easily pay online via the website or app
A recommended reputable FinTech company to pay tuition fees for your children when they study abroad
Many companies provide tuition fee payment or international money transfer services on the market today. However, you should choose reputable and highly rated companies to avoid scams.
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If you are considering a FinTech company to pay tuition fees for your children, EzyRemit can be a good choice. This company is fully licensed by AUSTRAC (Australian Transaction Reports and Analysis Centre) & ASIC (Australian Securities and Investments), so EzyRemit is highly rated for safety.
Besides, EzyRemit offers a good exchange rate compared to the market. In particular, this company currently offers free fees to pay tuition fees to foreign universities in Australia, New Zealand and the United States.
Many parents choose this company, and they have given it many good reviews
=> Safe and quick pay tuition fees for your child: https://ezyremit.com/EducationPayment
Today, when technology is continually developing, fintech businesses providing many convenient international payment services which make paying international tuition fees no longer difficult for parents. Hopefully, the above information will help you find a way to pay for your children's tuition fees when they study abroad!
