I’m going back for a master’s degree this fall and am weighing the idea of taking out a federal student loan that I don’t need.
In normal times, I would have just used the university’s option to pay tuition/fees with a credit card and been happy with easily hitting a CC’s signup bonus spending threshold. However, given all the rumblings about Biden exploring ways to forgive between $10k and $50k of federal loan debt per student, the option of forgoing the CC cash back and rolling the dice on loan forgiveness sure is tempting.
Curious what the members of this community would do. Thoughts?
- Take out a federal student loan
- Pay tuition with a cash back credit card