Students Who Pay Tuition by Credit Cards Now Get Hit With Fees.
July 4, 2009
About half of students pay tuition with a credit card.
Don't.
First, use a debit card. Do not use a credit card. You may get addicted.
Second, credit card fees of 2.75% may be charged to you. This is what retailers pay to use cards.
In the past, colleges ate the loss as a cost of doing business. But colleges are a cartel created by the government-enforced accrediting agencies. Now some colleges are passing the processing fees to students.
Don't pay with your card until you know you will not be charged. Pay by check or check card instead.
The story is here.
Betrer yet, never pay retail for college. My report is here: