Personal Finance Tip - Should I Use pupil Loans to Pay Off Debt?

Student Loans Bill 2014 - Personal Finance Tip - Should I Use pupil Loans to Pay Off Debt?

So you're attending college to try to build your career, but you find that your debts are distracting you from your studies. You might consider using your student loans to pay for your debt... But is this authentically a good idea?

Student Loans Bill 2014

When you sign a student loan agreement, you are telling your lender that you will use the loan to pay for expenses directly related to your education. This can comprise living expenses, and personal debts are arguably a part of these expenses. Your lender would likely not be pleased to learn that you used your student loans to make reputation card payments, but if you incurred reputation card debt as a result of being in school - say, you had to reduce your work hours to attend classes - it would be possible to argue that your debts were related to your education.

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