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Paying tuition by credit card could prove costly

Wednesday, October 29, 2008

Using plastic to pay your college tuition may start costing you more, and it’s not just because of interest if you don’t pay off the bill the following month. At least one school, Kent State University in Ohio, is beginning to pass on to students the so-called 2.9% convenience fee that credit card companies charge merchants. The university had been absorbing the cost, but no more.

Next semester, Kent State students will be paying about $122 more per semester or, if you pay room and board by credit card, about $131 more. All of this could be a sign of things to come as universities cope with declining state dollars.

Read more here. [end] 

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