If I had approx. $700 in CC debt from undergrad (making payments, never defaulted) and used excess student loan money (Grad PLUS) to pay off the balance and close the account - would this present an issue during bar admissions (C&F)? Interest rate on a student loan is <8% compared with +20% APR on credit card. Can't work during first year of school so pretty soon I won't have the income to cover the CC payments. Concern is that bar might view this as student loan fraud and/or poor money management. Credit otherwise is prime. Thanks
Yes, that is what I am asking. My concern stems from the requirement that all federal student loans be used for educational expenses. Don't want them to view it as robbing Peter (government) to pay Paul (bank).