Feb 26, 2014 4:10 PM by Kimberly Cain
University of Arizona students can no longer use credit and debit cards to pay their Bursar account for free starting May 5.
This change is being made because credit card processing fees are increasing for the U of A. That fee was paid from tuition and other university revenues, according to information on their website.
After the change is in effect, students must pay a convenience fee of 2.5% to a third-party vendor, Nelnet, if students still wish to use their Visa, MasterCard or American Express for payment in addition to the UA payment charge, their website states. Nelnet determined the convenience fee and it's not refundable.
Other colleges and universities have made similar changes in their credit card policies, according to UA Bursar's website.
The Bursar account accepts electronic checks (eChecks) with no convenience charge, according to their website. An eCheck is processed electronically on the website used to make payments, UAccess. Payments to an eCheck can be made from regular U.S. checking and savings accounts in US dollars but Checks issued from money market accounts, credit card companies, mutual funds, brokerage accounts, home equity or other lines of credit cannot be processed as an eCheck, according to UA Bursar's website.
Personal check payments are still accepted by mail or in-person and cash is accepted in-person, UA's website said. The tuition payment plan remains an option for students to be billed in three installments.