College students and their families can now pay tuition and fees with PayPal or Venmo, the newest payment options at a handful of universities, the companies said Wednesday. Michigan State University , Bellarmine University, Texas Tech University, Butler University and Kansas State University are the first schools to make the apps available. Students who opt for the apps can choose to pay with a linked bank account, credit card and PayPal or Venmo balances. Fees are set by the universities, which may charge a service or convenience fee, similar to the fees charged for using a credit or debit card. Kansas State, for instance, will charge aminimum $3 service feeon PayPal and Venmo transactions over $20, according to the university.