Universities Averse to Credit Card Payments
While credit card companies are busy wooing students, forcing them to pay their tuition with plastic, it would be a good idea if you checked with your University before deciding on this mode of payment. In what could be described as a trend, Purdue University recently decided that it wasn’t going to allow that payment option any time soon. Purdueexponent.com reports:
According to its credit card payment Web site, the University of Missouri-Columbia has endured $2 million in additional annual fees. The university, which is home to about 28,000 students, changed its payment policy in December 2005. The larger institution now requires students to pay the 2.75 percent transaction service charge, which is added by a third-party vendor.
Read more: Purdue denies credit card payments
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