June 22nd, 2011

UCLA to start charging fee on credit card payments

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. Read more

If you’re a student, how do you pay your fees? And are you aware of these charges? Answer our brief query!

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California Watch, the largest investigative journalism team operating in the state, was launched in 2009 by the nonprofit, nonpartisan Center for Investigative Reporting. Areas of coverage include education, health and welfare, public safety, the environment and the influence of money on the political and regulatory process.

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