<p>So can you not pay tuition with credit cards, only checks? My parents are kind of freaking out right now so I hope there is a loophole to be able to use credit cards.</p>
<p>Sure there is, though the process is a bit complicated...</p>
<p>1.) Get a bank account.
2.) Sign up for two PayPal accounts and make one of them Premier.
3.) Use the Premier PayPal account to create a "buy now" button for the amount you need. Remember to account for the ~3% PayPal fee.
4.) Use the regular PayPal account to pay via CC in to the premier account.
5.) Request a withdrawal from the Premier PayPal account into your bank account.
6.) Write a check from the bank account or use EFT.</p>
<p>Probably more trouble than it's worth, though.</p>
<p>If your folks don't get them automatically (like every 6 weeks it seems for me), they can call and ask for them. Or they can get a cash advance on their card. The difference is, CAL doesn't want to pay the 2-3% fee to the credit card company, they want you to.</p>
<p>excelblue, that's quite clever!</p>
<p>If you're not going to be able to pay back your credit card debt for your tuition in full immediately, you shouldn't use credit cards to pay for school. 19.95% APR is way, way, way high for education.</p>
<p>
[quote]
Sure there is, though the process is a bit complicated...</p>
<p>1.) Get a bank account.
2.) Sign up for two PayPal accounts and make one of them Premier.
3.) Use the Premier PayPal account to create a "buy now" button for the amount you need. Remember to account for the ~3% PayPal fee.
4.) Use the regular PayPal account to pay via CC in to the premier account.
5.) Request a withdrawal from the Premier PayPal account into your bank account.
6.) Write a check from the bank account or use EFT.</p>
<p>Probably more trouble than it's worth, though.
[/quote]
wouldn't the benefits of paying with CC be essentially cancelled by the 2-3% paypal fee?</p>
<p>
[quote]
wouldn't the benefits of paying with CC be essentially cancelled by the 2-3% paypal fee?
[/quote]
</p>
<p>First, some credit cards give you 1% cash back. Second, some credit cards give you a lower interest rate for purchases than for cash advances. Third, many credit cards have cash advance limits, so you may be maxed out on cash advances but still be allowed to make purchases. etc.</p>
<p>It's a clever workaround. Not that it makes sense for everyone, but for some people, it may be a clever trick.</p>