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The interest on that expense would completely wipe out the benefit of frequent flier miles or cash-back and would stick you with a drastically higher total paym
by LiveTheDream 16y ago
The interest on that expense would completely wipe out the benefit of frequent flier miles or cash-back and would stick you with a drastically higher total payment (credit card rate =~ 19%, student loan rate =~ 5%). If you have enough cash to pay off college tuition within the payment period, I stand corrected. Most people don't.
- elai 16y agoYou pay with the card, and then you pay off the card with the student loans. Many colleges don't accept credit cards for tuition, and a local one stopped recently.
- LiveTheDream 16y agoWow that was obvious. Thanks for pointing it out; I was not thinking clearly.