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Should I Use a Personal Loan to Pay off My Student Loan Debt?

Using a personal loan to pay off student loans comes with several drawbacks, including higher interest rates and shorter repayment terms compared to student loan refinancing.

Author
By Kat Tretina

Written by

Kat Tretina

Freelance writer

Kat Tretina has been a personal finance writer for over eight years, specializing in mortgages and student loans. Her work has been featured by Buy Side from WSJ, U.S. News & World Report, Yahoo Finance, and MSN.

Edited by Ashley Harrison

Written by

Ashley Harrison

Freelance writer

Ashley Harrison has over six years of finance experience and is an expert on credit and loans. Her work has been featured by Fox Business and Yahoo Money.

Reviewed by Meredith Mangan

Written by

Meredith Mangan

Senior editor

Meredith Mangan is a senior editor at Credible. She has more than 18 years of experience in finance and is an expert on personal loans.

Updated May 9, 2024

Editorial disclosure: Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders, whom we will always identify, all opinions are our own. Credible Operations, Inc. NMLS # 1681276, is referred to here as “Credible.”

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