Word: credited
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Dates: during 1990-1999
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Strauss says that although many of the people who want to pay by credit card are willing to absorb the fee associated with their own charges, government banking regulations prohibit the selective assessment of such fees...
...those students and parents who need more flexibility in paying Harvard's admittedly large tuition bills, Strauss says the College offers a monthly, interest-free payment plan that she says can be considered a significantly cheaper stand-in for a credit card...
Among the Ivy League, at least, Harvard's policy with regard to credit cards is still in the majority--only Columbia permits charge-able tuition...
Throughout much of the country, however--and especially among larger public institutions--the use of credit cards to pay for tuition has become big business...
...after fours years of allowing plastic, Tufts University in Medford took itself out of the credit card market in 1997, citing mounting losses from the fees that credit card companies skim from every tuition payment...