Timothy J. Sierra, Attorney at Law Trusted Florida Bankruptcy Attorney Since 1987
Call Today For A Free Initial Consultation

College Tuition Does Not Belong on Credit Cards

Many people view using credit cards to pay for items as a way to gain "rewards" and receive benefits. However, this only happens when purchases made on a card are paid off regularly and on time. Reward credit cards are certainly not a smart way to pay tuition payments for college.

Tuition payments tend to be larger than many card holders can afford to pay off on their credit card, and therefore outweigh the benefits of the "rewards" card holders hope to receive. Credit card companies charge "convenience" fees for charging tuition, this convenience fee is another way for card companies to make a profit off their card holders.

In a recent survey by creditcards.com, they found that of the schools that accept credit cards as a form of payment toward tuition: 82 of the 93 public colleges, 47 out of 87 private colleges, and 12 out of 100 community colleges, charge an additional convenience fee. Only 23 colleges that allow for credit card payments for tuition do not charge added fees. Colleges charge convenience fees because credit card companies such as Visa and MasterCard are charging colleges fees to process their cards for tuition payments.

Fees can be avoided by paying with cash, check or direct electronic transfers. If a student is looking toward borrowing money to afford college, they should research federal student loans which tend to have low rates and payments can be deferred until after graduation, compared to private credit card who are not lenient with loan payments.

If one should find themselves in debt from credit card payments and high interest from school loans, contact an experienced attorney to give advice on how to combat debt and get you on your financially stable feet.

Work cited:

Wasik, J. (2014, October 17). Why College Tuition Payments Don't Belong On A Credit Card.

Retrieved October 29, 2014, from http://www.forbes.com/sites/johnwasik/2014/10/17/why-college-tuition-payments-dont-belong-on-a-credit-card/

No Comments

Leave a comment
Comment Information
  • "When I first came to the decision to file for bankruptcy, I had no idea where to start. I began researching attorneys on the internet and came across the information for Tim Sierra. Since he specialized in bankruptcy and had a lot of experience......"
  • The process of going through bankruptcy could be very overwhelming but Tim made me feel at ease and I felt that my needs were being taken care of. I truly feel that he had my best interests in mind and the lines of communication were always open....
  • "I had to file a Chapter 7 bankruptcy. I didn't know anyone who could refer someone so I took a chance and just looked on the Internet. I don't remember exactly why I chose Mr. Sierra, but I am glad I did..."
  • He was honest, straightforward, and hard-working. In my case I ended up with some extenuating circumstances and he handled the matter professionally even though I'm sure the work probably exceeded what he originally felt it would be....
  • I don't ever write reviews, and I had no prior relationship with Mr. Sierra. This review is simply being written as a service to others that Mr. Sierra is an excellent attorney and should be considered for your needs if you need one....
  • "I'm very happy to have been referred to Tim for my Chapter 7 filing. He was knowledgeable in his field and very responsive in replying to any questions or concerns I had. Tim was also very accommodating with meeting times..."
  • " I recently was in need of Mr. Sierra's services and I found him to be very understanding and helpful in my particular circumstance. He met with me and explained everything in full detail and also answered every question that I had....."
  • " I recommend Timothy Sierra a loyal and dependable lawyer. When you talk to him you feel that you are with a friend or a member of your family. Timothy is able to lead you in every step of the process. Good job Timothy."
  • " Bankruptcy is a private and personally devastating life event. Timothy Sierra and his assistant, Nancy, made the process as painless as possible. They kept in close contact via phone and email so I always knew what was happening in my case...."
More Testimonials
Email Us Today

Schedule A Free Initial Consultation To talk to an experienced Tampa bankruptcy attorney, call 877-492-7449 or fill out the form. All calls are returned within 24 hours.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

We Have Offices in Tampa, Riverview and Brandon For Your Convenience.

Tampa Office
118 South Rome Avenue
Tampa, FL 33606

Toll Free: 877-492-7449
Toll Free: 877-492-7449
Phone: 813-463-2256
Phone: 813-463-2256
Fax: 813-258-4746
Tampa Law Office Map

Riverview Office
6314 U.S. Highway 301 South
Riverview, FL 33578

Toll Free: 877-492-7449
Toll Free: 877-492-7449
Phone: 813-463-2256
Phone: 813-463-2256
Fax: 813-258-4746
Map & Directions

Brandon Office
305 North Parsons Avenue
Brandon, FL 33510

Toll Free: 877-492-7449
Toll Free: 877-492-7449
Phone: 813-463-2256
Phone: 813-463-2256
Fax: 813-258-4746
Map & Directions