IU Northwest is committed to providing students and their families a range of options for paying their educational expenses including e-check, check, cash, and credit card. The credit card payment method is becoming prohibitively expensive because of transactions fees charged to the University. In order to continue to accept credit cards, payments made with MasterCard, Discover, VISA, JCB, and American Express on student accounts will be assessed a 2.75%* convenience fee by the finincial institution on the payment amount effective May 1, 2016.
*Note: the 2.75% rate is subject to change.
In addition, IU Northwest has multiple installment Deferment Payment plans to assist with payment options for students and their families.
As of May 01, 2016:
- Students/payers who choose the credit card option to pay a student account will be charged a non-refundable, per transaction convenience fee of 2.75%* by the finincial institution of the payment amount. For example, a $500 payment with a credit card will be assessed a $13.75 convenience fee by the CASHNet service. The service charge will appear separately on the credit card holder’s credit card statement.
- This change is for credit card payments on student accounts at all Indiana University campuses. Note: Application Fees are not on the student account.
- Credit card payment option will be available only as an online service via One.IU.edu. IU Northwest will not accept credit card payments for student account payments through the mail, in person, or over the phone.
- Credit card payments may be made with MasterCard, Discover, VISA, JCB, and American Express.
- All costs for choosing to pay with a credit card must be assumed by the student/authorized payer. The University does not receive, nor will it underwrite, any portion of the service charge.
- The service charge from CASHNet is in addition to the interest rate charged by the credit card company.
We are working to maximize alternative payment methods for our students in the most efficient manner. This change will allow us to continue to offer payments via credit cards on student accounts to those who choose that method without requiring all students to subsidize this payment method. The savings of over $75,000 to the University will be reinvested in new initiatives to support student success and campus growth.
For more information, please contact the Office of the Student Accounts at (219) 980-6622.