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Colleges Accept PayPal and Venmo for Tuition
Several universities now allow students and families to pay tuition using PayPal and Venmo through campus payment platforms. Institutions such as Bellarmine, Butler, Kansas State, Michigan State, and Texas Tech have adopted these options, which may involve transaction fees. Companies emphasize security measures like encryption and fraud monitoring, but regulators warn that funds in nonbank payment apps may not have the same deposit protections as traditional bank accounts.
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