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At this rate, many students are exploring different ways to cover college costs, like using credit cards.
Keep reading to determine if this payment method is a good options for covering your educational expenses.
Can I use a credit card to pay for college tuition?
If necessary, you could convert your cash into a check to pay your tuition bill.
This may include educational materials like books, food, transportation and other living expenses.
What are the benefits of using a credit card for college?
One benefit of using a credit card for college expenses is earning rewards or cash back on your purchases.
These rewards that can be redeemed for travel, merchandise, or statement credits.
In some cases, the interest you pay on educational expenses may also be deductible.
What are the drawbacks of using a credit card to pay for college?
How can I use a credit card to pay my college education expenses?
Tom OHare is the founder ofGet College Going.
Treat private education loans and credit cards as a last resort.
