| It is common for students to struggle with students | | | | first and who has the highest interest rates. |
| loans and I don't mean necessarily getting them. | | | | One of the most important steps though that you |
| There is even more of a hassle to figure out how to | | | | can take is to use your funds frugally during these |
| properly spend the money you are allotted with a | | | | four years at school. Especially if you don't have a |
| student loan. | | | | job and you are struggling to pay off all of this debt |
| Many students ask the question if it is possible to use | | | | and the bright future may take a couple years at |
| your student loans to pay off your credit card debt. | | | | least. Whatever the scenario is, don't spend lavishly |
| This is definitely a possibility and will make sense in | | | | now or else you will be living like a college student |
| some cases, but at the same time be careful and | | | | down the road. |
| remember why you got the student loans in the first | | | | I also suggest that you do spend often on your |
| place and what they mean to you and your future. | | | | credit card though when you do make purchases, as |
| You will have to pay back that money one way or | | | | long as you can pay it off, because then it will help |
| the other and when you use it for credit cards make | | | | your credit a lot. After you are able to build great |
| sure that you are therefore using your credit cards | | | | credit that will help you with a lot of other financing |
| wisely with your purchases. | | | | options down the road or any consolidations that you |
| Often times you want to make sure that you | | | | may perform to help alleviate financial stress. |
| consolidate your credit cards to one card with the | | | | It is so important that you are proactive. There are |
| lowest rates and then pay off the credit card with | | | | many great summer sales jobs now that enable |
| the student loan. Student loans tend to have lower | | | | simple people like me to make a fortune during the |
| interest rates than credit cards and when they do | | | | summer and not have to worry about getting a job |
| then this will make sense to use it because often | | | | during the school months. If that isn't your bag then |
| you don't have to worry about paying off student | | | | you might want to go ahead and start looking for |
| loans until six months after school is done, but with a | | | | good on-campus part time jobs that will be easy |
| credit card they tend to be monthly payments. | | | | enough to let you study while you work. |
| Now if you have a credit card with no interest or | | | | Just make sure that at least you are always making |
| minimum payments for a longer period then when | | | | minimum payments and that you are on time with |
| you have to start paying your student loans or if | | | | them. Pushing off the payments and consolidating |
| they have lower interest rates then probably the | | | | them are fine as long as you eventually pay it all off |
| best decision for you to make is for you to pay | | | | down the road. |
| student loans first. It just depends on who you owe | | | | |