Skip Navigation
Edvisors Star Logo
Edvisors Logo
Search Box Form
  • Compare Lenders
      • Compare Lenders
      • Best Private Student Loans in August 2022
      • Student Loan Comparison: Federal Loans vs Private Loans
      • Parent PLUS Loans vs Private Student Loans
      • How Does Interest on Student Loans Work?
      • Private Student Loan Cosigner: Everything you Need to Know
      • View All Articles >
      Participating Lender Sallie Mae Apply Now

      This is an advertisement.

      • Compare Lenders
      • Best Student Loan Refinance Companies for August 2022
      • Federal Student Loan Repayment Plans
      • Student Loan Forgiveness: How to Get Student Loans Forgiven
      • Repayment Plans for Private Student Loans
      • Parent PLUS Loan Forgiveness
      • View All Articles >
      refinance student loans with college ave get started

      This is an advertisement.

    • Private Student Loans
    • Refinance Student Loans
  • Plan for College
      • Is College Education Worth the Cost?
      • Most and Least Lucrative College Academic Majors
      • College Comparisons
      • View All Articles >
      Win Scholarships - Join ScholarshipPoints.com

      This is an advertisement.

      • Measuring Academic Fit: Reach, Match and Safety Schools
      • Need-Blind Admissions
      • How Long is a College Essay
      • When are College Applications Due
      • How to Write a Good College Essay
      • View All Articles >
      Win Scholarships - Join ScholarshipPoints.com

      This is an advertisement.

      • Filing the FAFSA 2022-23: A Simple Guide for Students
      • FAFSA Deadlines for 2022-2023
      • FAFSA FAQ - Your FAFSA Questions Answered
      • View All Articles >
      Win Scholarships - Join ScholarshipPoints.com

      This is an advertisement.

      • Most Popular Scholarships for College Students in 2022
      • Apply for Free Scholarships for College
      • College Scholarships for Kids
      • Most Prestigious Undergraduate Scholarships
      • Las mejores becas para estudiantes hispanos y latinos
      • View All Articles >
      Win Scholarships - Join ScholarshipPoints.com

      This is an advertisement.

      • How to Pay for College
      • Tuition Payment Plans
      • Pros and Cons: Borrowing From My 401K to Pay for College
      • Paying College Tuition with a Credit Card
      • Best Ways to Pay for College Without Financial Aid
      • View All Articles >
      Win Scholarships - Join ScholarshipPoints.com

      This is an advertisement.

      • Financial Aid Disbursement: When and How You Will Get It
      • Should I Pay Off My Student Loans Right Now
      • How to Minimize Student Loan Debt
      • View All Articles >
      Win Scholarships - Join ScholarshipPoints.com

      This is an advertisement.

    • Benefits of College
    • College Admissions
    • FAFSA
    • Scholarships
    • Paying for College
    • Student LIFE Blog
  • Student Loans
      • Filing the FAFSA 2022-23: A Simple Guide for Students
      • FAFSA FAQ - Your FAFSA Questions Answered
      • FAFSA Deadlines for 2022-2023
      • FAFSA School Codes
      • Edvisors Identifies 12 Common Mistakes to Avoid in Filing the FAFSA; Offers Free Filing the FAFSA Book
      • View All Articles >
      Participating Lender Sallie Mae Apply Now

      This is an advertisement.

      • Best Private Student Loans in August 2022
      • Student Loan Comparison: Federal Loans vs Private Loans
      • Parent PLUS Loans vs Private Student Loans
      • How Does Interest on Student Loans Work?
      • Private Student Loan Cosigner: Everything you Need to Know
      • View All Articles >
      Participating Lender Sallie Mae Apply Now

      This is an advertisement.

      • Filing the FAFSA 2022-23: A Simple Guide for Students
      • FAFSA FAQ - Your FAFSA Questions Answered
      • The complete guide to federal undergraduate student loans
      • What are Federal Parent PLUS Loans and How to Apply?
      • Financial Aid for Graduate School
      • Compare Subsidized and Unsubsidized Student Loans
      • View All Articles >
      Participating Lender Sallie Mae Apply Now

      This is an advertisement.

      • Best Student Loan Refinance Companies for August 2022
      • Federal Student Loan Repayment Plans
      • Student Loan Forgiveness: How to Get Student Loans Forgiven
      • Repayment Plans for Private Student Loans
      • Should You Refinance Federal Student Loans?
      • Parent PLUS Loan Forgiveness
      • View All Articles >
      • Sallie Mae Student Loan Review
      • College Ave Student Loan Review
      • SoFi Student Loan Review
      • Ascent Student Loan Review
      • View All Articles >
      Participating Lender Sallie Mae Apply Now

      This is an advertisement.

    • FAFSA
    • Private Student Loans
    • Federal Student Loans
    • Repay Student Loans
    • Lender Reviews
  • Credit Cards
      • Petal® 2 Visa® Credit Card Review
      • SoFi Credit Card Review
      Win Scholarships - Join ScholarshipPoints.com

      This is an advertisement.

      • Best Credit Cards for 2022
      • Best Cash Back Credit Cards
      • Best 0% Introductory APR Credit Cards
      • Best Secured Credit Cards for 2022
      • Best Balance Transfer Credit Cards
      Win Scholarships - Join ScholarshipPoints.com

      This is an advertisement.

      • How to Build Credit?
      • What Age Can You Get a Credit Card?
      • What is a Secured Credit Card?
      • What is an Unsecured Credit Card?
      Win Scholarships - Join ScholarshipPoints.com

      This is an advertisement.

    • Card Reviews
    • Best Credit Cards
    • Credit Card FAQs
School Search Form
Advertisement Disclosure
Advertisement Disclosure
×

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.

×
Get Your Free Guide to Filing the FAFSA Today!

Thank you for your interest in Edvisors' 2020-2021 Guide to Filing the FAFSA.

Please complete the form below to access your free copy.

Thank you! Click here to download your free FAFSA Guide.

I am a:

×
College knowledge starts here!

Enter your email below to receive your Student Loan Handbook from Edvisors.

Please check your email for the Student Loan Handbook.

After Navigation
Home Ask Student Aid FAQ

Student Aid FAQ

Benefits of College College Admissions Cosigners Credit Credit Cards FAFSA Federal Student Loans Paying For College Private Student Loans Scholarships Student Loan Lenders Student Loan Repayment Student Loan Refinance
Page 9 of 16
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
How Do I Apply for a New Credit Card
Answered by Elaine Rubin on 04/26/2022
First, check your credit report and credit score. Go to https://www.annualcreditreport.com to get a free copy of your credit report, next decide why type of card you want, then start shopping. Read Entire Answer
What Will my Interest Rate be When I Refinance my Student Loans
Answered by Elaine Rubin on 04/26/2022
Interest rates on private refinance loans vary by lender, and may be variable or fixed. Typically, the interest rate is based on the credit score of the borrower and the cosigner (if applicable). Read Entire Answer
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
Could You Be Saving More?
Subscribe to Edvisors' Student LIFE Newsletter to receive up-to-date financial aid information and advice, explore scholarship opportunities, loan repayment options, and learn expert strategies on how to plan and pay for college.
Newsletter Form
By clicking "Subscribe" I have read and agree to the Edvisors' Terms of Use and Privacy Policy. We strongly encourage you to read our Privacy Policy to understand how we use and share your information.
Thank you for subscribing to our newsletter.
Ask the Edvisor
Blog
Contact Us
Edvisors in the News
Link to Us
Newsletter
Partners
Press
Student Aid FAQ
Testimonials
Tools and Calculators
About Edvisors
Video Resources
Accessibility Statement
Sitemap
Disclaimer
Do Not Sell My Personal Information
Notice of Collection
Interest-Based Ads
Privacy
Terms of Use

Better Business Bureau logo

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.

Copyright © 1998-2022 by Edvisors Network, Inc. All rights reserved.

All other trademarks and service marks displayed on Edvisors Network, Inc. websites are the property of their respective owners.

Edvisors Network, Inc. 350 S. Rampart Blvd, Suite 200, Las Vegas, NV 89145

Copyright © 2022 by Edvisors.com. All rights reserved.