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When looking at your student loan debt, you might be tempted to find ways to pay it off quicker – and maybe even earn credit card rewards on it. After all, your student loan debt is just sitting there, providing no tangible benefit to you.
Before you decide to move forward, though, it’s important to understand whether you can pay student loans with a credit card and what the implications are if you move forward with the plan.
Is it a good idea to pay your student loans with a credit card?
Pay your monthly bill with a credit card: You might try to pay your recurring student loan bill with a credit card – particularly if you could earn valuable credit card points by making your regular student loan payments.