Newswise — More than four in 10 students who use credit cards carry a balance from month to month, according to analysis by the American Council on Education. Some institutions are refusing to allow students to pay with credit cards.

Gregg Dimkoff, professor of finance in the Seidman College of Business at Grand Valley State University, has advice for students using credit cards for tuition. Dimkoff is an expert in personal finance, investing and financial planning. He offers advice to students in a weekly column in the Grand Valley student newspaper.