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Paying tuition with a credit card

kiddiekiddie Registered User Posts: 2,737 Senior Member
edited September 2013 in Parents Forum
My daughter's school - Northeastern - just announced that it will stop accepting credit/debit cards for the fall semester for tuition payments. Glad to have gotten my cashback bonus for at least one year of college tuition. So I was wondering are there any schools out there left still accepting cards for tuition payments?
Post edited by kiddie on

Replies to: Paying tuition with a credit card

  • vlinesvlines Registered User Posts: 3,579 Senior Member
    Yes. Lots of them.
  • takeitallintakeitallin Registered User Posts: 3,329 Senior Member
    Yes but we have noticed that none of our kid's schools have taken VISA.
  • missypiemissypie Registered User Posts: 18,303 Senior Member
    My D's does.
  • glidoglido Registered User Posts: 5,785 Senior Member
    I have noticed that the fee associated with tuition payment via credit cards can be significant.
  • Kei-o-leiKei-o-lei Registered User Posts: 1,631 Senior Member
    Oberlin allows tuition/fee charges with a credit card

    charges 2.99% to do so

    Also allows payments of each semester's bills spread over 3 months w/ no fee
  • 2016BarnardMom2016BarnardMom Registered User Posts: 1,844 Senior Member
    Thankfully my grad school still does. I'd be unhappy if I had to pay that out of pocket only to get reimbursed by my employer the next month. This way, I put it on a card at the last possible time I can pay and get reimbursed right after grades are released, before I've accrued interest fees.
  • jandjdadjandjdad Registered User Posts: 532 Member
    The credit card companies make money two ways. When you don't pay your bill in full every month, they collect the ridiculous interest rates. In addition, they take a certain percentage from the merchant, often 2.5% up to 4% for some cards like American Express. In defense of American Express you have to pay that in full every month so they don't make money from people not paying full so they charge merchants more to make up the lost revenue. A college which I assume gets no break from the credit card company is losing 2-3% when people pay by credit card which can be $600-$900 on a $30,000 bill. That explains why some are giving up the credit card option while others decided it is better to have the money and are willing to pay the fee.....
  • fluteloopfluteloop Registered User Posts: 278 Junior Member
    I pay with credit card because I can get major reward points because it tooks looks like I'm making a major purchase and then paying it off right away. And with the points I can get free gift cards.
  • HighlandMomHighlandMom Registered User Posts: 1,010 Senior Member
    My d's school lets you pay with a credit card but charges a percent larger than our credit card pays us, so it would be a negative endeavor. We pay by bank transfer.
  • 3togo3togo Registered User Posts: 5,233 Senior Member
    edited May 2013
    Both our kid's schools accepted credit cards ... both with a fee that made it prohibitive to use a credit card
  • jym626jym626 Registered User Posts: 52,650 Senior Member
    IIRC, one of the 2 schools permitted it, but charged a hefty percentage to do so, which I thought was not allowed per the vendors contract with the credit card companies. But no matter. We were not about to pay the interest rate, so didn't use a credit card. IF they had not charged the "convenience fee" we'd have used a cr card in a heartbeat.
  • beth's mombeth's mom Registered User Posts: 3,361 Senior Member
    Both my D's state flagship school and the CC where she occasionally takes classes accept credit card payments, with no extra fee involved.
  • MagnetronMagnetron Registered User Posts: 2,242 Senior Member
    2.5% service fee for Washington State - not worth it for our credit cards.
  • FenwayMamaFenwayMama Registered User Posts: 31 New Member
    My child's school accepts credit cards but there is a fee attached so it is not worth it - we pay by check. They also do not accept Visa.

    My child is taking a summer class at one of our state schools. They accepted credit cards payments without and additional fee and they acted as if they prefered credit card payments over a check.
  • MSmom&dadMSmom&dad Registered User Posts: 290 Junior Member
    Does Rice win an award for the highest cc fee - 2.75% ? It's interesting that they also will not allow visa payments (discover, mastercard or amEx only).
This discussion has been closed.