In 2020 many students at University of The Gambia (UTG) struggled to make tuition payments.
With no financial option, students faced high up front tuition payments which led many to defer or entirely quit their studies, limiting their potential. This led to a lower graduation rate and loss of revenue for UTG.
Jump Finance partnered with UTG to help solve these problems.
Working with the UTG finance department, Jump Finance designed a customizable tuition plan for students that balanced flexibility for students and risk mitigation for University of The Gambia.
Jump Finance provides its student customers with a student portal where students can track their payments, and find resources for studying and labor market opportunities in our E-Library.
We provide UTG with a data dashboard where they can visualize student’s repayment rate (90%+). We are currently planning an integration with their course registration software so that students that are up to date with installment plans are automatically eligible for enrollment.
4 years later, 300+ students have taken advantage of Jump Finance.
As our 300+ student customers can attest, having the option for financial installment plans makes a massive impact to their lives and helps them alleviate stress around studying. Over 20 of our students have already graduated and continue to make repayments. You can read our students’ stories here and watch a video here.
Further, our service drives efficiency in the finance department by helping track payments and providing finance officers with an option for their struggling students when scholarships are unavailable or underfunded.
We are proud to continue into our fourth year of partnership and look forward to years to come serving both the administration and students of University of The Gambia!
“Jump Finance is an excellent partner to work with and is a savior to our students”
-UTG Finance Department