Has anyone refinanced student loans to a company that takes payment via credit card? I have the ability to payoff the loans but would like to pay via credit card to get the points/rewards and then payoff, I would not pay the interest on the credit card.

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Posting as :
works at
You are currently posting as works at

I haven’t seen any loan that would take credit card payments. But I imagine if they would allow it, they would also charge a processing fee of 1.5% to 3%, because that’s how much they would have to pay for the payment processing services. That’s also how credit card companies can offer perks and points. Nothing is free in this world (except for certain hugs and kisses.)

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That made laugh.

I had a feeling, just was being hopeful! Thanks!

There’s usually a fee for using a credit card for things like this.

I don’t know that they would. But it would be a very interesting workaround the non-dischargeability of student loans in bankruptcy.

I’m certainly not an attorney and I don’t work in the bankruptcy space. I thought most debts would only be partially forgiven effectively, because there would be a payment plan to follow before the remaining debts are discharged. I would assume the payment plan is drafted based on various debts outstanding and the amounts of debts. So if the balance snowballs due to the high interest rate, it could have an impact (though definitely less than the original loan amount). I wonder if most credit card debts are fully discharged since there is no collateral or lien as opposed to other debts like a mortgage.

Definitely agree with your comment on student loan forgiveness though.

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