Trying to charge your tuition fees to your credit card? Check with your college first
Bogged down by rising tuition fees and don’t know which way to turn? Well, if you do think of putting that upcoming tuition bill on a credit card, just check with your university before you try to do so. Many universities now impose additional fees on students and parents who pay by plastic. Some of them even refuse to accept certain credit cards altogether.
Universities have to incur increasing costs in processing credit card transactions. Like merchants, universities and colleges are charged a fee every time a credit card is swiped. When you charge $20,000 or more, the consumer loves it because they get points or miles or some other benefit; but it’s a very high fee for the actual school. A fee that schools and colleges are increasingly reluctant to pay.
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July 19th, 2006 at 3:07 pm
“Many universities now impose additional fees on students and parents who pay by plastic. Some of them even refuse to accept certain credit cards altogether.”
Poor students. Life is really becoming tough for them. The government should support the students more.