<prompt> Human: My student loans have been in forbearance due to Americorps contracts for the past two years. During that time I saved enough 20,000 to pay them off in full. So basically I have 20,000, I owe 20,000. I was hoping I could get some extra credit or travel rewards by making payments through a credit card but my loan provider does not allow credit card payments. Does anyone have any advice on how I could make the most of this large payment? Is it worth it to refinance my federal loan with a private loan and pay it off with my savings through a credit card?extra info: Never owned a credit cardCredit Score: 699  <response>: The reason your federal loan servicer doesnt accept credit card payments is that your credit card company charges a transaction fee of 2-3. That means that any payment they receive by CC is effectively reduced by that amount. Federal servicers are strictly regulated by the laws that authorize federal student loans, so they cant charge you fees to recoup that cost. Private lenders, on the other hand, will almost always charge a fee to cover the convenience of paying by credit card, wiping out any rewards you might accumulate. Just pay your loan off and enjoy being debt fee, as well as the savings from not paying interest for the next X years if you stuck to your current repayment plan. 