Universities across the UK offer an impressive scope and scale of interventions to support students in financial need but despite the scope and scale available, as HEPI report – How to beat a cost-of-learning crisis: Universities’ support for students – pointed out, students in many universities are unable to receive emergency funds quickly enough.
HEPI’s recommendation was that institutions develop a ‘flexible and rapid process’ to address this crisis. I couldn’t agree more and am proud that that’s exactly what JS Group has been doing with our partner universities.
We work with institutions to efficiently manage the distribution of bursaries, scholarships, hardship funds and other financial support so that it almost instantly reaches the students who have been allocated it, freeing up resources – and admin time – for the institutions to focus on student experience and participation rates.
Last year, we partnered with Payit, NatWest’s Open Banking service to develop our technology platform, Aspire Cash, and this is transforming the speed at which students receive their funds – it’s now minutes rather than days.
