AI Enabled Student Bursary Fund Management and Online Payment Software
We have integrated AI into our evidence handling. No more incorrect evidence documents from students and parents.
Designed for colleges, by colleges. PayMyStudent handles everything from assessment and payments to reporting and communication with students
Instead of processing hundreds of paper bursary application forms this year, let students apply online. Our software collects all the details required to process your bursary applications and students can upload copies of required evidence via their mobile device or PC. 100% web-based software allows you to work from home and continue supporting your learners efficiently.
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Bursary and Fund Management Made Simple
See how we can help your college save time and money
Our pioneering and intuitive software, unifies all your bursary processes, eliminating the need for multiple disconnected applications, helping to ensure compliance and reducing any administrative burden. Any fund from any source can be managed using PayMyStudent, whether it is a Government Bursary Fund, local authority student fund, or a private fund. With PayMyStudent your institution has the full lifecycle of fund management, from simplifying bursary application assessments, payment processes, student communication and live reporting.
PayMyStudent can be configured to align with GOV.UK Learner Support guidelines: support for travel, accommodation, materials and equipment, laptop and wifi, and Ofsted-registered childcare.
The Government Bursary Guidelines requests payments are made ‘in kind’, rather than cash, to ensure its being used for its intended purpose, to support student’s participation in education.
Why PayMyStudent is the leader in Bursary and Fund Management
PayMyStudent is an online platform that integrates seamlessly with your student record data, to provide a comprehensive environment for your Bursary Assessment team, however small or large. You can efficiently manage your bursary and funding application process, assessments of students, payment runs, reporting, communication with students all in one place.
Evidence can be uploaded by students or your staff and is stored digitally. Application forms can also be digitally signed by students removing the need for paper versions.
The system will identify the correct funding that a student is entitled to, and is only made available to students that meet your preset criteria so you will ensure that you channel your funding to the individuals that really need it. Budgets can be tightly controlled and reconciliation is a breeze. Our software will feed your finance systems with the data they need.
A recent survey, with some of our current customers, showed that thousands of pounds can be saved each year, just by using PayMyStudent.
The System
Designed for colleges, by colleges. PayMyStudent handles everything from assessment and payments to reporting and communication with students.
Fully Integrated
We integrate with your student records and finance systems in real-time. View courses, attendance, timetable data, even photos.
Online Bursary Applications
Applying online is as easy as it has ever been. On a mobile or PC, students can upload evidence, answer all your questions and validate their bank details.
Online Store
Whether you need to take payments for college deposits, course fees or anything else, students can pay securely by card online using our Online Store.
Free College Meals
Using our Data Feed module, PayMyStudent will import and export data to and from your existing systems and manage your Free College Meals allowances and payments.
Reports
Extracting student and payment data is a one-click process. Dozens of reports designed by colleges are available for more complicated needs.
Online Store
Students can now purchase items using money allocated from within PayMyStudent or pay by card or PayPal.
A fully featured, branded online store with card and bursary payment functions. Our low-cost integrated online store is PCI DSS, Cyber Essentials and GDPR compliant. Students can spend bursary money, and you get rules-based product visibility so only eligible students see relevant items.
Use cases include: bus passes, course fees and deposits, uniforms, ID badges and lanyards, DBS certificates, print credit, stationery, trip payments and equipment—all with secure credit/debit card and PayPal. Payments are recorded inside PayMyStudent so you keep track of everything in one place.
PCard – Visa Prepaid Card for Students
Students can now purchase items using a Visa card issued by the college.
If you provide money to students in the form of BACS payments directly to student bank accounts, you don't know what they spend it on. The PCard solves this problem by storing the actual transaction data from the card, as and when money is spent, and then identified as payments in the PayMyStudent Bursary Management System.
If you must award students regular payments including, bus passes or meals, you are possibly overspending to a great degree. The PCard allows you to automate allocated money onto a prepaid Visa Debit card for a specific week, to a specific category, and restrict the spend limit to to your chosen Merchant Category Codes
Students can use these cards at an ATM, in stores and anywhere a college decides—for course-related items, travel and food—in line with GOV.UK Learner Support guidelines on how the money can be spent.
What Our Customers Say
Here's what some of our colleges had to say...
Greenhead College
The PayMyStudent software has transformed our whole bursary process from applications to payments. With the ability to contact students promptly and efficiently, the software enables us to complete/approve applications, arrange refunds and pay students. The system is easy to navigate and provides the information needed at the touch of a button. Our bursary and attendance office are now practically paperless, due to this easy to use system. Support is friendly and always to hand if we need assistance. PayMyStudent has proved to be an excellent product and we would highly recommend it.
Oldham College
The system itself has created a lot of efficiencies within our Student Finance team, streamlining the way we deliver payments to our students and helping us deal with them more effectively, as we have instant access to their student finance records so we can answer queries quickly. The PayMyStudent team are always on hand to support us and are very receptive to suggestions on enhancing the system – many of our suggestions they have listened to and where possible implemented.
Sir John Deane's College
PayMyStudent has improved the whole application and management of the 16-19 Bursary fund saving time for College staff and giving the student applicants a faster response once they have applied online. It's easy to use and provides information quickly and easily. This is our second year using PayMyStudent and I don't know how we managed beforehand. The Support team are great providing a fast and helpful service, all in all an excellent product.
Clients
Some of the awesome colleges we work with every day!
Get In Touch
Contact us for a demo or more information
If you are a student or parent applying for a bursary, we will be unable to help you. You must contact your college directly. Please don't email us with any issues regarding a bursary application or with your evidence documents. Only your college can assist with your bursary application and how and where to apply.
However, if you are a college and need more information, would like a demo or have a question, please email [email protected] and one of our team will get back to you within 24 hours.