Navigating student loan repayment can feel like a daunting marathon, especially when faced with the mountain of debt. Many explore unconventional strategies, and using a credit card to pay down student loans is one such approach. While seemingly convenient, this method presents a complex web of financial implications, demanding careful consideration of potential risks and rewards. This exploration delves into the intricacies of using credit cards for student loan repayment, examining the potential benefits alongside the significant drawbacks. We’ll analyze the interest rate differentials between credit cards and student loans, the long-term cost implications, and the potential for spiraling debt. Read More …
