Word: payments
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Dates: during 1990-1999
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Indeed, despite a growing trend in higher education to allow students and parents to put college payments on plastic, Harvard has quietly but firmly maintained a policy prohibiting tuition payment by credit card...
Rather than violate the law or assess every student a flat fee, Harvard simply avoids the issues altogether--limiting forms of payment to cash, checks or electronic wire transfers...
...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...
Many colleges cite large savings from moving to a more electronic form of payment--and some even see it as a convenient service that helps attract students...
...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...