As students head back to Memorial University, you can see the impact the ongoing tuition freeze is having on the university’s budget.
You can see it in the policy to pass credit card handling fees on to students. In the official university organ – the Gazette – the university claimed it eliminated the fee. That’s not true. The fees still get paid. The university just transferred responsibility for paying them directly to students who want to pay fees using a credit card. According to a November 2012 story in the Telegram, the university expected to recover about $550,000 by making students pay the extra fees.
That seems like such a measly sum compared to the university budget, but when the administration has very few ways of raising capital, they have to squeeze every penny until the Old Girl screams.