Don’t use your credit card to pay college tuition

[gdale6]

"Colleges are making it even easier for students to load up on debt.

Parents and students are able to use their credit cards to pay tuition at many of the largest colleges and universities, according to a recent survey from CreditCards.com. "

http://www.cnbc.com/2016/08/24/dont-use-your-credit-card-to-pay-college-tuition.html

[Anonymous]

Great article! Thought about responding by saying you have to pay the college professors $120K a year so don't hamper student payments (rant) until I actually read the article. Yeah ... passing the processing fee to the credit card user could add real dollars to the budget.

[Anonymous]

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@gdale6 wrote:

"Colleges are making it even easier for students to load up on debt.

Parents and students are able to use their credit cards to pay tuition at many of the largest colleges and universities, according to a recent survey from CreditCards.com. "

http://www.cnbc.com/2016/08/24/dont-use-your-credit-card-to-pay-college-tuition.html

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Great article, but too late.

I paid my tuition for my last semester for grad school on my Amex Platinum so that I could get my 40K MR points.  The fee was $75, but I turned around and got $250 in statement credit, so I came out $175 in my favor, but otherwise I wouldn't have done it. 

[Revelate]

If I could pay my tuition with a credit card I absolutely would as I can beat the processing fee on most universities that I've seen on it.

Then again I'm not going to let it hang out on said rewards credit card, but why not take the arbitrage play?  No different than any other rewards chasing frankly.

I would agree for the average consumer that doesn't know better, charging it likely no bueno, but for those who understand how various financial products work why not leverage it?