Effective Friday, July 1, Michigan Tech will change the way we accept credit/debit cards for student billing payments. Every time a credit/debit card is used, the University is assessed a fee. To minimize the tuition dollars spent paying these fees, we have incorporated several changes to our student billing and payment structure.
- We will no longer accept Visa credit/debit cards for student billing payments.
- There will be a 2.3 percent nonrefundable fee assessed to MasterCard and Discover payments for student billing.
- These changes only affect student billing; credit/debit cards (including Visa) can still be used fee-free throughout the rest of campus, including the Campus Bookstore, Mont Ripley, Campus Café and other University retail establishments.
- We are encouraging students to use fee-free options for billing payments, including check, online e-check, cash, money order or traveler’s check.
- We have introduced two new payment plans to help offset the cost of tuition: the Five-Payment and Four-Payment Plans.
Students and families were recently notified about these changes via postcard, and a follow-up email will be sent shortly. We have created a website, credit card, with detailed information and FAQs. We encourage you to review this site and be aware of the changes.
For more information, contact Accounting Services at 800-576-6484 or by email at email@example.com.
Published in Tech Today.