Beware university students before using credit cards for paying for your tuition fee as this could burn a hole in your pocket. Several universities in US which includes the like of University of Southern Maine, Northwestern University, George Mason University, University of Virginia to name a few are in the process of charging 2.75% processing fee for students using credit card to pay for their tuition fees.
This is being done as colleges are looking to cut costs as they have been facing budget shortfalls. Earlier colleges had been bearing these costs themselves but in these difficult times it has become tough for them.
With more than fifty percent students paying their tuition fee through credit card it would be a tough ask for them in the coming months forcing them to shift to other forms of payments.
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