Overview
MCC 8220 covers universities, colleges, and professional schools accepting card payments for tuition fees, accommodation charges, and campus services. Card payment for higher education tuition has grown significantly alongside student loan and scholarship payment flows.
Transaction Profile
High value, seasonal frequency, predominantly CNP, instalment plans common
Card Network Notes
Standard interchange applies. Education-specific and large-ticket interchange rates may be available.
Risk & Compliance
Risk is low. Institutional transactions with large values but very low dispute rates. Tuition payment plans and instalment arrangements are common.