Using a student loan to pay off credit card may be a very good idea. Depending on the interest rates involved, it may save you a lot of money. A few reasons why:

• If the interest rate is lower, you won’t have to pay as much in the long term
• Paying off your credit cards is a good thing. It’s good for your credit, and you won’t have to worry about late fees and penalties
• You don’t have to make student loan payments until after you graduate. Depending on the deferment options the company offers, you may not have to pay them off for years
• You’ll open up the money on your credit card again. If the reason why you’re paying off your card debt with a loan is because you weren’t responsible with it, this may not be a good thing.

Getting a student loan to pay off credit card debt is an option, but you should be aware of how much money in loans you’re racking up.