Summary
Several U.S. universities now allow students and families to pay tuition through PayPal and Venmo, offering a convenient alternative to traditional payment methods. Bellarmine University, Butler University, Kansas State University, Michigan State University and Texas Tech University are among the first schools to offer the options, with more expected to join later this year. The services integrate into existing campus payment portals through Illumia, Nelnet Campus Commerce and TouchNet. However, schools may charge transaction or processing fees based on the payment method. PayPal and Venmo also provide encryption and fraud monitoring, but regulators warn that digital-wallet balances may not receive the same protections as traditional bank deposits.
Fox Business
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