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12/08/2010 -
Students at the University of Saskatchewan will now be limited in how they pay for their tuition and school fees at credit card machines.School officials have announced that the university will no longer be accepting Visa credit cards, beginning this fall, CBC News reports. While the school will continue to accept MasterCard, students will incur a 1 percent transaction fee when they use the card.
University students have not greeted the change favorably. "It's very convenient for students, and to take that away and make the payment situation harder … doesn't feel right to me," Ali Eldermani, a student, told the source. Paying by card, students say, also gives them a grace period to come up with the tuition.
However, the university’s vice-president of finance, Richard Florizone, said that the move could save the school up to $1 million in fees paid to credit card companies that could be used for better purposes, CBC writes.
Not all Canadian universities are banning credit card payments. The University of Regina will continue to allow its students to pay for tuition with Visa and MasterCard, radio station CKOM reports. Barb Pollock, vice president of external relations at the school, said that keeping the option of credit card payments is particularly important for international students.
