Has anyone attempted to pay tuition with credit card, then pay it off with 529 contribution? Is this a viable strategy or is paying the college directly better?
One negative is that some schools charge you 2-3% to pay by credit card. If they did not tack on that extra charge, I would've payed by credit card and then reimburse myself from the 529.
The school my daughter is attending does not charge a fee. We ended up charging the fall semester (minus 4K for the AOTC) and had the remainder as the distribution to cover the card.
