Mandatory fees in higher education have increased substantially in recent years. These increases have changed the net cost of attendance for students from semester to semester. Coupled with these changes, we are witnessing an increase in students from diverse lived experiences who are traditionally unaware of costs associated with their attendance. As fees typically support services and programs that promote student retention and matriculation, students should be aware of these services and programs. Because these students have varied perceptions of costs and understandings of resources and systems in higher education, it may shape their payment methods. Our findings suggest that university knowledge, attitudes towards mandatory fees, and several of the academic capital subsets all shape student payment methods. Furthermore, race/ethnicity significantly predict how students pay for their education.