Sallie Mae, the nation’s No. 1 financial services company specializing in education, today announced the availability of a new solution for schools to process international wire payments more efficiently. This enhancement is offered through a new partnership with peerTransfer, the leading organization in secure global education payment solutions in the United States. Compared to a traditional bank, peerTransfer allows students to save upwards of 2%-5% in exchange rates which can amount to savings of $1,500 on a $45,000 tuition payment.
“We provide our customers with high quality service that simplifies their business,” says Kelly Christiano, senior vice president, Sallie
Mae, “Our partnership with peerTransfer not only makes international payment processing easier, but it also saves schools and students a
significant amount of time and money.”