Some Private Lenders Allow Student Loans To Be Paid Off With A Credit Card, Which Some.

So many credit cards have enticing offers, like 2% cashback or bonus miles that you can earn on select purchases. If you use a credit card to pay any of those expenses, you could use your student loan money to pay off the purchases. Using an intermediary is at best a last resort.

Although Student Loan Interest Rates Are Generally Lower.

They can be used to pay student loans. Currently, there aren’t any credit cards that offer a rewards rate higher than that on an ongoing basis. One question some student loan borrowers have asked.

That $4,000 Can Sometimes Be A Steep Hill To Climb, Especially If You Can’t Pay Your Biggest Bills With A Credit Card.

Its credit cards can offer. This charge will add to the cost of your loan. The most prominent intermediary service is plastiq, which charges 2.85% for credit card payments.

It Also Offers A Variety Of Refund Options.

Paying your federal student loans directly also comes with benefits you could lose out on if you pay your loans off with a credit card. The tactic here is simple: We agree that taking out a student loan for the purpose of paying off credit card debt may sound like a good idea.

It Claims To Be The Only.

(istock) student loan borrowers in the u.s. You call the credit card company with the 0% apr offer, have them write a gigantic check to your student loan servicer, and knock off. That’s where plastiq comes in.