It sounded like a plot straight out of Seinfeld, but Jonathan Hood really did pay his school tuition with mail-in rebates.
Most companies send rebates in the form of prepaid debit cards, while about a third use cash or checks, he said. Almost all the rebates Hood uses are "free-after-rebate" offers, which means he's refunded the full amount.
[...] it was a month ago that he achieved his greatest feat so far: Using rebates to cover almost a semester's worth of tuition at Auburn University, where he's studying for his PhD.
"Tuition for this semester was $4,500," he said. "I paid over $2,500 of it with prepaid debit cards [from rebates] and a little over $1,000 of it with rebate checks."
He estimates he entered between 200 and 250 prepaid debit cards into the University's online bill pay system. After all the rebates were counted, he was left with less than $1,000 to pay out of pocket.
Find out how Jonathan was able to do it over at this Business Insider article by Mandi Woodruff: Link