An earlier blog noted that budget pressures are pushing the University to add fees for things that were not previously charged. From California Watch yesterday comes:UCLA students who use credit cards to pay their university bills better brace themselves: The university will start charging a 2.75 percent credit card processing fee this fall. It's an example of how universities are passing certain costs along to students amid a statewide budget crunch.
Administrators say the move allows the university to stop absorbing the cost of processing credit card transactions – fees that credit card companies charge. Transferring that cost to the credit card-swiping students will save UCLA more than $6.5 million a year, they say...
Full story at http://californiawatch.org/dailyreport/ucla-start-charging-fee-credit-card-payments-11005Maybe not nickels and dimes but a penny here; a penny there. It all adds up:
6 comments:
Thanks for sharing. Great blog.
A credit card processing account is an account that is required by an online retailer of ecommerce business in order to accept credit and debit card payments for their services and products online
A credit card processing account is an account that is required by an online retailer of ecommerce business in order to accept credit and debit card payments for their services and products online
Not only are tuition prices rising, now they are charging credit card fees? What a sad state of our higher education system.
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