But ask yourself this: Why in the world would you want to?

Sure the interest rate is lower on a student loan.. but student loans are non-dischargable should you ever have to file for bankruptcy.

I would also not recommend using home mortgage money to pay off credit cards (why would you trade an unsecured debt for a debt that is secured by your home??).

See if you can get your family to help you with that bill and that you will pay it back to them later. Or tell the school your problem and that you need a part-time job quickly, even if it’s helping the teachers with their typing, xeroxing, being a runner, or setting up rooms for classes, working in the caffeteria, doing anything at all. Don’t ever shuffle money, especially not the government’s money.

federal school loan?

: P