One option to pay for college tuition is to use your credit card. This isn't a highly recommended option, especially if you don't plan to pay off the debt quickly. Many credit card companies charge high interest rates and all expect payments to be made on the balance within 30 days. On the other hand, if you pay your credit card balances off quickly, there may be some other advantages you can get from this especially if you have a credit card that provides a cash back bonus, airline miles, or other incentive for you.
|Jennifer Mathes, Ph.D.|