Going to college can be tricky when comes down to paying for your classes. By now, we all obviously know that college isn’t cheap. When the bills start rolling in, it seems like you’re going to have to pay off your loans for the rest of your life and every time you make a payment, it seems like the total balance isn’t getting any lower.

This is where the question comes in, “Should I pay off my student loans with credit cards?”. When asking yourself this question, you should look at the following points and write down an answer for all of them.

How high is my credit card limit?

If your credit card limit is only $500 and you have a $35,000 loan, then it would be silly to push $500 to a credit card. After all of the hassling and whatnot just to save a few extra bucks even isn’t worth it.

The smart thing to do is apply for a credit card right when you get into school. Build up your credit over the four plus years you are in college. Once you get out of school, your credit should be decent enough to get a nice credit limit. If you get a decent job, say paying $45,000 a year, you should be able to get a $5,000 credit limit. If you apply for four credit cards, that’s $20,000.

Is my credit good?

This is a question that relates to the last one. Make sure you have good credit so that you can get a credit card with a great rate. You don’t want to transfer your loans to credit card with just as bad of a rate.

It’s always a smart idea to transfer loans if you can get a better rate. Credit cards are always offering 0% for two years, etc. If you can grab these kinds of deals, be sure to transfer your loan balance to a credit card. The important thing to do is to make sure that you pay off this bill each month. Usually in the terms and conditions, it will state that if you miss one payment, the total loan will be charged at the default rate.

The important thing to do is shop around for credit cards. Find a card that offers a great deal and be sure that you pay attention to every little detail the credit card offers. Once you find the card you are looking for, be sure to apply for it and set up the balance transfer so that you can take the money from your loan and apply it to your credit card.

The most important thing out of all this is to make sure that you try and pay off as much as possible within the “interest-free” period. Even if you have to get two jobs, it’s always nice to have no debt at all. Just think if you’re paying 13% on $25,000! That can add up very, very fast.