{"id":241,"date":"2025-10-09T07:58:57","date_gmt":"2025-10-09T07:58:57","guid":{"rendered":"https:\/\/ibrlive.com\/international-money-transfer\/?p=241"},"modified":"2026-02-09T07:57:07","modified_gmt":"2026-02-09T07:57:07","slug":"the-problem-of-flywire","status":"publish","type":"post","link":"https:\/\/ibrlive.com\/international-money-transfer\/the-problem-of-flywire\/","title":{"rendered":"Flywire Foreign University Fees Double Conversion: Hidden Cost Explained"},"content":{"rendered":"

What is Flywire<\/a>?<\/b><\/h3>\n

You may have heard of <\/span>Flywire if you’ve ever paid your <\/span>foreign university fees. Many universities work with it to collect <\/span>tuition from students all over the world. It seems easy at first: you pay in your <\/span>own currency, Flywire changes it, and the institution gets the money in their account.<\/span><\/p>\n

But here’s the catch: if you go to a <\/span>UK university and your tuition is in <\/span>GBP<\/b>, or if you go to a <\/span>Canadian university and your tuition is in <\/span>CAD<\/b>, Flywire only lets you pay in <\/span>INR or USD<\/b>. That’s where the <\/span>extra costs come in and this is Flywire foreign university fees double conversion.<\/span><\/p>\n

The Conversion Game: INR\/USD \u2192 GBP\/CAD<\/b><\/h3>\n

What’s the problem with this? Let’s make it easier to understand by giving an example.<\/span><\/p>\n

Let’s say your tuition is <\/span>\u00a310,000<\/b>. If Flywire only allows you pay in <\/span>INR<\/b>, your bank first changes <\/span>INR to USD<\/b>, and then Flywire changes <\/span>USD to GBP<\/b>. That’s <\/span>two conversions, and each one has a <\/span>fee.<\/span><\/p>\n