valU Signs a Partnership with SUT to Offer Tailored and Affordable Tuition Financing Plans
valU, MENA’s leading financial technology company, announces that it has forged a partnership with ElSewedy University of Technology (SUT) – Polytechnic of Egypt to offer its financing services for individuals looking to pursue degrees offered by the university. To commemorate the key partnership, valU will also offer a scholarship grant to one select Bachelor of Engineering Technology student whom a dedicated committee will choose from SUT – POLYTECHNIC OF EGYPT.
Through this agreement, students enrolled in SUT – POLYTECHNIC OF EGYPT will be able to pay their tuition fees over 6 to 12 months through valU, leveraging the BNPL leader’s convenient and affordable financing plans. valU’s services will be extended to a multitude of the university’s undergraduate and postgraduate programs.
Ahmed Seoudy, Group Head of Product Development at valU, commented: “We are incredibly proud to be partnering with SUT – POLYTECHNIC OF EGYPT today — a step that perfectly complements our efforts to make high-quality education affordable and accessible across the country. While new universities continue to break ground in Egypt, the country’s higher education sector will continue to grow exponentially. As such, and in alignment with our goal to alleviate financial burdens for our customers, partnering with an educational institution such as SUT – POLYTECHNIC OF EGYPT will enable us to offer new generations an opportunity to become well-equipped with knowledge and skills to pursue their career of choice and excel in it.”
SUT – POLYTECHNIC OF EGYPT is the first polytechnic university in Egypt that offers a four-year Bachelor of Engineering Technology degree through an integrated, hands-on practical education approach, technical training, and industry partnerships to more than 12,000 students. SUT – POLYTECHNIC OF EGYPT will provide 19 accredited and trusted programs developed in partnership with industry leaders to allow national and international exposure across multiple fields.
Through its collaboration with the Dubai campus of Amity University, one of the leading multi-disciplinary private universities in India, SUT – POLYTECHNIC OF EGYPT is pioneering higher education in Egypt, offering programs such as Electrical Engineering Technology, Computer Science & Engineering Technology, Network and Cyber Security Technology Program, Artificial Intelligence and Machine Learning Technology, and more. The university is strategically located on Cairo-Ismailia Desert Road on an 85,000-square-meter built-up area.
Hanan ElRehany, CEO of ElSewedy EDTECH, commented: “SUT – POLYTECHNIC OF EGYPT aims to create a seamless transition from education to employment by providing hands-on educational tools and industry resources that prepare students with the skills and knowledge needed for today’s local and global job market. Partnering with fintech leader valU is an important step for us as we look to unlock opportunities for as many individuals as possible to access top-quality higher education institutions that apply international technologies and standards, thus providing students with the skills needed to meet the fast-paced and dynamic job market. We look forward to building on this relationship with valU and to be opening doors for more students to achieve their educational aspirations”.
According to the latest data from the Ministry of Education, Egypt is currently home to 27 public universities, 27 private universities, 20 semi-private universities, 10 technology-centric universities, and 6 foreign university branches — all of which are collectively serving a total of 3.6 million students. As a result of the growing student population, education providers have been seeking various financing solutions, especially as tuition fees continue to rise, particularly following the pressure on the currency in recent years – accordingly, demand for financing services that mitigate financial risks also continues to grow.
valU’s partnership with SUT – POLYTECHNIC OF EGYPT comes as part of a series of collaborations it has forged in the education field. In 2022, valU partnered with the American University in Cairo (AUC) to offer convenient and affordable financing plans for individuals seeking to pursue an undergraduate or a graduate degree at the AUC. 2022 also saw valU join forces with PayTabs Egypt and The Knowledge Hub Universities (TKH), enabling TKH’s students to utilize valU’s financing solutions and process online payments via PayTabs Egypt’s payment gateway. Earlier in 2021, valU entered a partnership with the AUC School of Business Executive Education to offer financing plans for individuals looking to obtain one of its Executive Education qualifications. In addition to universities, valU has partnered with various renowned schools as well to offer BNPL financing services to facilitate tuition fee payment.
