Processing Fee
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Effective May 1st, 2023, the processing fee for all credit and debit card payments will increase to 2.95%. See below for details.
Processing Fee
Credit Card Processing Fee
Processing Fee Increase Effective May 1, 2023
The cost of processing credit cards has increased consistently over the past several years due to various fees charged by credit card companies as well as costs associated with securing cardholder data. Due to these increasing costs, our credit card servicer, TouchNet Information Systems, Inc., will be increasing the processing fee rate assessed on all credit and/or debit card transactions to 2.95% on the transaction amount (minimum $3.00 fee). This change will be effective May 1, 2023*.
Rowan University continues to offer alternative payment options without the processing fee. You can pay by (1) electronic check (eCheck) via a personal checking or savings account, (2) mailing a check or money order to the Office of the Bursar, or (3) in person by check, money order, or cash.
*Any students currently enrolled in the Spring 2023 Deferred Tuition Payment Plan that are paying via credit or debit card on May 1st will not be affected by this rate increase.
Credit Card Processing Fee Frequently Asked Questions
Can I use a credit card to pay my tuition bill?
Yes, credit card payments are accepted online and in person at the Office of the Bursar. Students paying their tuition and associated fees, including room and board, with a credit or debit card will be assessed a credit card processing fee, currently 2.95% of the transaction. Credit card payments made online will be subject to a minimum fee of $3.00.
Rowan University does not accept credit card payments by mail, over the phone, e-mail, or via fax.
Rowan University does not accept credit card payments by mail, over the phone, e-mail, or via fax.
What types of credit cards does Rowan University accept?
Rowan University accepts Visa, MasterCard, Discover, and American Express credit cards.
Is there a fee for using a credit or debit card for tuition payments?
Card users are assessed a separate, non-refundable processing fee of 2.95% of the payment amount at the time of each credit or debit card payment for student account charges. Credit card payments made online will be subject to a minimum fee of $3.00. The non-refundable processing fee is assessed by our third party processor and will be a separate transaction item on your credit or debit card statement.
Am I charged this fee if I use my RowanCard to pay my tuition bill?
No, there is no processing fee when using the Rowan Bucks on your RowanCard to pay your student account. Additionally, if you add Rowan Bucks to your RowanCard with a credit or debit card, you will not be charged the processing fee for that transaction. For this reason, Rowan Bucks funded via credit card will no longer be accepted to pay tuition and associated fees, including room and board. However, Rowan Bucks funded via financial aid will continue to be accepted to pay tuition and associated fees, including room and board.
Why am I being charged a fee for using a credit or debit card to pay my tuition bill?
In order for Rowan University to accepting credit cards as payments, the University must offset the rising costs of credit card processing. Unfortunately, Rowan University cannot absorb these costs, which have amassed to over a $1 million expense on the annual budget.
Any student account payment made with a credit or debit card will incur the charge of the credit card processing fee. This convenience fee is paid directly from the card user to our third party processor; Rowan University does not receive any part of this fee.
Any student account payment made with a credit or debit card will incur the charge of the credit card processing fee. This convenience fee is paid directly from the card user to our third party processor; Rowan University does not receive any part of this fee.
Why is this fee not viewable on my student account?
The processing fee is assessed by our third party processor, not Rowan University, so it will not appear as a charge on your student account.
Do other universities charge processing fees for credit card payments?
Yes, many other private and public universities have been charging credit card processing fees for quite some time.
Is the processing fee refundable?
The 2.95% processing fee is non-refundable, even if the payment to which it relates is canceled, refunded, credited, or charged back. is non-refundable, even if the payment to which it relates is canceled, refunded, credited, or charged back.
How can I pay my student account and avoid the processing fee?
- Online payments from a checking account (eCheck)
- Cash in-person at the the Office of the Bursar
- Check or money orders via mail or in-person at the Office of the Bursar