Credit Cards – pay off interest rates

February 9, 2008

Have any of you guys used federal school loans to pay off a monthly credit card stament?

sandiego_mike asked:


I will be attending graduate school this coming fall. While relocating I’ve racked up some credit card debt. I intend to work while in college but for the first month I will be strapped for cash. I know you can only use your federal school loans for tuition, room and board, and other related expenses. Nevertheless, would be a problem if I used part of my loan to pay for this coming credit card bill?

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