Am I able to Pay a Credit Card to my Federal Student Loan?

Am I able to Pay a Credit Card to my Federal Student Loan?

Regulations say no, therefore an intermediary solution is the option that is only

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Lenders servicing federal student education loans cannot accept credit card re payments as a result of U.S. Department associated with the Treasury laws. Nonetheless, you can easily nevertheless make re re payments on the account with credit cards in the event that you are late on your payments if you use an intermediary or.

Perhaps the larger concern to ask is when you should achieve this, in the place of asking when you can. Which makes re re re payments with a charge card holds some advantages along with it, considerable dangers have those transactions aswell.


Organizations like Plastiq will accept charge card re payments to be able to compose checks to creditors for you. Plastiq makes money by recharging a 2.5 % cost per deal, at the time of 2018. This solution or other people enjoy it could be useful if composing your check that is own is an alternative for whatever reason.

For instance, may very well not have a bank account or perhaps you might not have enough money in your account to pay for a check. Continue reading