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
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