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YSU Students Face 3.5% Hike in Tuition Costs
YOUNGSTOWN, Ohio -- The Finance and Facilities Committee of Youngstown State University's board of trustees has voted to increase tuition by 3.5% beginning in th fall semester. The hike, which must be approved by the full board, would raise undergraduate tuition to $3,856 per semester.
YSU projects $1.1 million less in state funding next year. Other fees are also likely to be increased.
Meantime, YSU is implementing a 2.75% convenience fee on all credit card transactions to pay charges on student accounts, including tuition.
MasterCard, Discover Card and American Express credit cards will be accepted. Visa credit cards will no longer be accepted, as they do not participate in the fee structure, said Neal McNally, YSU budget director.
YSU does not collect or keep any part of the fee, he emphasized.
The convenience fee does not apply to retail sales, such as the Bookstore, Kilcawley Center and the Athletic Ticket Office, which also will continue to accept Visa credit cards, McNally said.
YSU will continue to accept payment by electronic check, check, debit card and cash with no fee. Visa debit cards will continue to be accepted.
“These changes are in line with policies already in place at all of the other public, comprehensive universities in the state,” McNally said, noting that Bowling Green, Cleveland State, Kent State, Miami, Ohio State, Ohio, Akron, Cincinnati, Toledo and Wright State universities currently charge a credit card transaction fee and do not accept Visa credit cards.
According to McNally, the new rules will eliminate about $300,000 in annual administrative fees paid to credit card companies by YSU.
More information about the policy change is available at the Student Accounts and University Receivables page on the YSU website.
Published by The Business Journal, Youngstown, Ohio.