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Edvisors (“Edvisors Network, Inc.”) provides independent advertising-supported platforms for consumers to search compare and apply for private student loans. Loan offers from participating lenders that appear on our websites are not affiliated with any college and/or universities, and there are no colleges and/or universities which endorse Edvisors’ products or services. Lender search results do not constitute an official college preferred lender list. Edvisors receives compensation from lenders that appear on this site. This compensation may impact the placement of where lenders appear on this site, for example, the order in which the lenders appear when included in a list. Not all lenders participate in our sites and lenders that do participate may not offer loans to every school.

Edvisors is not a lender and makes no representations or warranties about your eligibility for a particular loan or financial aid. Lenders are solely responsible for any and all credit decisions, loan approval and rates, terms and other costs of the loan offered and may vary based upon the lender you select. Please check with your school or lender directly for information related to your personal eligibility.

Edvisors has endeavored to provide accurate information. However, the results provided by lenders are for illustrative purposes only and accuracy is not guaranteed, as such, Edvisors assumes no responsibility for errors or omission in the information provided.

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Page 14 of 21
What are Pros and Cons of Credit Card Balance Transfers
Answered by Elaine Rubin on 04/26/2022
There are plenty of reasons to consider transferring your balance from one credit card to another. Pros include 0% interest for a fixed period of time and better perks. Cons include possible fees and potentially higher APR's. Read Entire Answer
Should I Have More than One Credit Card
Answered by Elaine Rubin on 04/26/2022
Here’s the honest answer. It depends. What are your goals with having more than one? Some people carry 2-3 cards because the diversity makes sense. Read Entire Answer
Should I Get a Credit Card
Answered by Elaine Rubin on 04/26/2022
Student credit cards are a great way to start building credit and can even provide help in the event of an emergency. It’s not that they provide far better terms than traditional cards, but they are tailored for individuals without a long track record of handling credit. Read Entire Answer
Is Paying Tuition with a Credit Card OK
Answered by Elaine Rubin on 04/26/2022
There are important considerations to think about before attempting to pay tuition with a credit card. We outline 4 quick points to think about before you do this. Read Entire Answer
How Do I Calculate APR on a Credit Card
Answered by Elaine Rubin on 04/26/2022
This is an important concept to nail down. The APR, or annual percentage rate, is the cost of credit conveyed as an annual rate. But what you really need to understand is the daily periodic rate. Most credit card companies use a method called Daily Balance which means interest is compounded daily. Read Entire Answer
How Do Credit Cards Work
Answered by Elaine Rubin on 04/26/2022
In a nutshell, credit cards allow you to charge purchases so you don’t have to spend cash up front. In exchange for that convenience, the credit card issuer charges interest when you repay what you’ve charged on the card, if you don’t pay the balance in full as dictated by the billing statement. Read Entire Answer
Can I Pay Student Loans with a Credit Card
Answered by Elaine Rubin on 04/26/2022
If you are looking to repay your federal student loans with a credit card, the answer is simple, no. Federal student loan services will not accept credit card payments for federal student loans. If you are a private student loan borrower, your lender may allow you to pay your student loan with a credit card. Read Entire Answer
Can I Pay Off a Credit Card with my Student Loan
Answered by Elaine Rubin on 04/26/2022
The short answer is nope, you shouldn’t do this. Student loans are intended to cover educational related expenses such as tuition, fees, textbooks, housing. Read Entire Answer
Are there Credit Cards if you Have No Credit
Answered by Elaine Rubin on 04/26/2022
Indeed there are. A number of companies are willing to help you start building your credit through the use of a student credit card, even if you have no proven track record or robust credit score to date. Read Entire Answer
What are the Best Credit Cards for College Students
Answered by Elaine Rubin on 04/26/2022
Student credit cards are designed to be a starting point to help build credit. Therefore, your credit limit may low initially. Our picks for the best student credit cards are here on our website. Read Entire Answer
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Edvisors provides expert advice on planning and paying for college. On Edvisors.com easily compare student loan lenders, learn how to apply for financial aid, and discover scholarships. Learn about federal and private student loans for students and parents, how and when to apply to college, and more!

Edvisors (“Edvisors Network, Inc.”) provides independent advertising-supported platforms for consumers to search compare and apply for private student loans. Loan offers from participating lenders that appear on our websites are not affiliated with any college and/or universities, and there are no colleges and/or universities which endorse Edvisors’ products or services. Lender search results do not constitute an official college preferred lender list. Edvisors receives compensation from lenders that appear on this site. This compensation may impact the placement of where lenders appear on this site, for example, the order in which the lenders appear when included in a list. Not all lenders participate in our sites and lenders that do participate may not offer loans to every school.

Edvisors is not a lender and makes no representations or warranties about your eligibility for a particular loan or financial aid. Lenders are solely responsible for any and all credit decisions, loan approval and rates, terms and other costs of the loan offered and may vary based upon the lender you select. Please check with your school or lender directly for information related to your personal eligibility.

Edvisors has endeavored to provide accurate information. However, the results provided by lenders are for illustrative purposes only and accuracy is not guaranteed, as such, Edvisors assumes no responsibility for errors or omission in the information provided.

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