I previously wrote about Rutgers not accepting Visa and it is official, Rutgers processed my refund without my intervention. Albeit, longer than I liked. They handled my refund as expected and mailed me a check a little more than a month later.
Rutgers said they processed the refund on 5/29/2014, but I didn’t receive the check until over a month later. What’s worse, they back dated the check as 5/29 and the check is valid for 60 days. Need to be careful of that. I’m not sure where the $300 came from, I logged into my student loan account and I don’t have another loan. For comparison before the GSM deposit or refund processing:
Remember, as Will posted, you don’t want to mess around too much with the tuition if you pay too little. Schools can withhold you from graduating from something simple as library fines, my undergraduate school was the same as Will pointed out in his comment as well. For me, I am not too worried about under paying tuition as I have every intention of over paying.
I put some serious thought into how I plan to pay my tuition and hit my manufactured spending goal, namely to earn the 100,000 British Airways Avios offer I signed up for late last year and the Travel Together pass.
Plan of Attack:
This is how I plan to manufacture spend, it’s a multi step process to maximize rewards on all cards:
- TopCashBack for American Express Gift Cards using Chase British Airways card
- Use Old AMEX Blue and buy enough cards to bill pay the Chase card
In total, I’m looking at 5% return after fees for all the cards and shipping. After paying tuition, I should be netting 2.5% and any British Airways Avios that I’ll be receiving
Final Thoughts:
With the ability to pay by credit card, I am excited to hit my goals. For those that need credits for a CPA, can you pay by credit card? Is anyone else using tuition bill as your way to hit your goals?
How do you bill pay Chase cards using Giftcards?
I plan to use the Vcom ATM
I just did the tuition dance recently for the first time with UCLA where my son will be attending in the fall. They charge a 2.75% uplift on non-ACH payments. I’m using OVs to pay for now with AGC (at >3% cashback) as a backup plan. I was wondering about over-payments though. How much is too much??? Did you get a refund for $100 or ~$3500? It’s kind of hard to tell.
In many of my undergraduate semesters, I had taken out student loans in excess of the tuition and whatever other garbage “fees” they assessed and I had on a few occasions with a refund north of $10,000. That being said, it should be whatever you are comfortable with for a refund.
For Rutgers, this semester I received a $400 refund.