I was in the midst of looking for options for paying Oliver’s tuition at the University of PEI for next semester when I came across a reference to HigherEdPoints.com, which allows you to redeem Aeroplan miles for tuition vouchers.
The conversion rate is 35,000 miles for $250 tuition.
It suggests here that the cash value of an Aeroplan mile, for flights, is $0.012 each, so that tuition conversion is less valuable than the $420 it would offer for flying.
But flying kills the planet, and education enriches it, so I didn’t hesitate to redeem my miles in Oliver’s service.
I think this is a great idea - and a better value for your points! I had read of this sometime in the past but had forgotten. I note from the site that TD Rewards Card points can also be used this way, though it takes 62,500 points to get $250 credit, but as far as I calculate, is better value than if one uses the points for cash credit to their credit card (my own plan)
Update: it worked!
I purchased the Higher Ed Points from Aeroplan on November 5 and they were applied to Oliver’s UPEI account on November 8.