I haven't had to take out loans for college so I'm a little clueless about this, but it would be sweet if it works. Given that you have a large enough credit line, is it possible to pay for your college and/or med school tuition with your credit card and then use your loan money to pay off your credit card? The purpose would obviously be for the points/miles. If this was possible I could save a total of about 1% on my med school tuition with my credit card points system. Has anyone ever done this?