I do carry a balance and pay it off about every other month. A use a VISA card with a 4% interest rate to charge my graduate classes. My school district reimburses me for these courses and then I pay off the card with the money that my school district pays me.
Each time I reach 15 credits, I get a sweet pay raise. My next few school years look like this (Not counting $2,400 each year I get for being on a committee):
2008-2009: $50,296 (Current)
2009-2010: $59,525
2010-2011: $67,232 (House buying year!)
2011-2012: $75,849
2012-2013 $84,894
Works for me!
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