Loyola University Chicago

Before charging that tuition bill, check for fees

Before you whip out the plastic to pay a college tuition bill, it's worth checking the fine print for fees.

About 85 percent of the largest U.S. colleges and universities let students pay tuition with a credit card, and 57 percent of card-accepting schools tack on a service fee that averaged 2.62 percent, according to a new CreditCards.com survey.

"It's important that people paying by card know they need to consider all the strings attached," said Matt Schulz, an analyst at CreditCards.com. The survey looked at payment policies at the 100 largest public colleges and universities, the 100 largest private schools and the 100 largest community colleges in the...