We are making a policy adjustment that will affect families that pay tuition, fees, room and board with credit cards. While we understand the reasons people choose this payment method, the university has borne the cost of paying transaction fees to the credit card companies, amounting to about $1.1 million annually. We believe that money would be much better spent supporting our educational mission. Families that pay tuition statement bills with VISA, Mastercard, Discover and American Express cards will be assessed a 2.75% convenience fee. Families that wish to avoid the fees are encouraged to use online checks/ACH or personal checks, wire transfers or other payment options. There will be no extra fees for other Elon transactions, such as online tickets or Phoenix Cash deposits. If you have questions about the new payment options, contact the Bursar's office.