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How do international payments work while studying overseas?

March 5, 2018

International payments can be confusing (and expensive). With Cohort Go you can make payments easily at a lower conversion rate.

Whether you're looking to pay insurance expenses, tuition bills or living expenses, we've got you covered. We don't charge any payment fees and can help you navigate the entire process from start to finish.

Let's get into the nitty-gritty of how the process works and what makes it possible.

How do international payments usually work while studying overseas?

Navigating the range of payment options can be complicated but smart money management minimises stress, and frees up more funds to enjoy your time overseas. Historically, the most common forms of transferring money for international students have been bank transfer or wire transfer. In both of these scenarios, the sender and receiver face transfer fees and unfavourable currency exchange rates that usually result in lost funds.

Cohort Go founder and CEO Mark Fletcher saw an opportunity to help international students save on their tuition payments. Mark began working on his idea to enable students to pay for their international education using their local currency, saving on fees and transfer rates. Cohort Go was born. 

How does Cohort Go make international payments easier for students?

We'll deliver your funds at a low foreign exchange rate, so you'll save money. You can also save time by making multiple payments in one Cohort Go Payments transfer. Payments can be made to any education, insurance, accommodation or other international education service provider or to your own bank account for living expenses. All without any fees

  1. Enter your payment details in our simple payments platform.
  2. Receive payment instructions and make your deposit using your preferred payment method.
  3. Watch as we transfer your funds across the world to your provider, and track your payment every step of the way.

Get your international study experience off to a flying start and pay your education fees the smarter way with Cohort Go today!