Should I get a Student loan to pay off my credit cards?

I have 3 credit cards with a balance. 1 has $3900 which is 0% for 2 more months then adjusts to 9.99%. Next is $1500 that is fixed at 4.99% until its paid in full. and last is $1900 thats is 9.99% fixed for life of the loan. So a total of $7200. Should I pull out a student loan that is interest free till I graduate? Then I could save $200 and month for the next 3 years and have it paid off when i graduate? Would that be a good plan, or is there a better way to do it.

scholarships take care of most of school with the execption of maybe $900 a year and I still live with my parents rent free, so monthly obligations are pretty low.

If there are any suggestion please let me know... Thank you

Should I get a Student loan to pay off my credit cards?

Unfortunately, student loan only pays for student%26#039;s tuition. When you apply for a student loan, they ask you how much is your tuition, financial aids, and any other funds that you may have for paying tuition. Then they determine how much you can borrow, after adjusting for all available funds that you currently have for paying tuition.

You cannot get a student loan to pay off credit card debt. The best solution for you now is to get a consolidation plan that you can make timely credit card payments until you graduate. Get a copy of your credit report, and see what your credit score is for now. If you have a good credit score, you can then contact your credit card company and bargain for a lower interest rate. You are eligible for one free credit report from the 3 credits bureaus per year.

Should I get a Student loan to pay off my credit cards?

You could take out the student loan only if you cut up your credit cards and don%26#039;t get any new ones until after you graduate. You%26#039;ve fallen into the trap that many students find when they go to school and away from home. Do not use credit cards!!!!! If you don%26#039;t have cash, don%26#039;t buy it. Good luck and I hope this has been an effective learning experience for you.

Should I get a Student loan to pay off my credit cards?

Since you will not be able to use financial loans, you will have to focus on repaying the cards off your regular income. You said you have reduced expenses now; I recommend that you actively repay your cards starting with the card with highest intrest rate of 9.99%. For the other cards (4.99% and 0%) you should pay only the minium on it until the first card is paid off. The cards with the highest intrest cause you to lose more money over time. The more you repay now the less you pay have to pay later too. The hard part though is that college students rarely have alot of extra money.

Should I get a Student loan to pay off my credit cards?

That sounds like a good idea, but what I use to do was find a credit card company that would allow me to transfer the balances of my cards for 0% interest for the first year. Then each year I would do it again so I never paid interest and finally got my credit cards paid off.