[Vision2020] University to charge 2.5 percent fee to credit cards charges

[J Ford]

The UI has GAINED students over the past 7/8 years and this will be the 
first year that the Freshman class will actually be flat/to a very little 
show of growth.  I am not sure where you get your figures of 200 less 
students, but since I get my info from the UI itself, I tend to go with 
that.  The lack of increase is seen to be the result of bad publicity, 
budget cuts, etc.  I can't imagine that this summer's CC activities will do 
the UI any good in regards to bad publicity.

Regarding 10%(+/-) interest - that is paid to the CREDIT CARD, and is not 
paid to the UI.  When you charge on a card, the business is NOT who receives 
the interest.  If you were trying to indicate that the student is just 
adding to his budget crisis, perhaps they need to reconsider their "charge 
now-pay later" attitude.  But it certainly is not the fault of the UI that 
so many people are electing to go into such deep debt before they are even 
25yrs old.


J  ;)




>  "Due to skyrocketing credit card use among students
>for student fees, room and board and tuition costs,
>the University of Idaho Student Accounts and Cashiers
>Office has added a 2.5 percent fee to all payments
>made with credit cards. . ."
>
>http://www.argonaut.uidaho.edu/content/view/169/48/
>
>When is the University Administration going to
>understand that when they raise prices it does not
>equal more money if the students leave? UI has lost
>over 200 undergraduate students in the last year with
>all of the "hidden fees" they keep adding on. 2.5% may
>not sound like a great deal, but when a student pays
>all their room and board costs on a credit card with a
>10%+ interest rate that is a HUGE increase on a tight
>budget.
>
>Donovan J Arnold
>
>

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