How to refinance student loans for better interest rates

Tips on student loans refinancing I like to start by saying that you can only refinance student loans with private lending institutions. If you have federal student loans, government will not refinance the loans for you. Interest rates on federal student loans are usually fixed. Therefore, there is no room for refinancing them. The only option you have is to refinance the loans with private lending institutions. Some private lending institutions will allow you to consolidate both federal and private student loans through refinancing. But if you plan to refinance your federal student loans, it must be done with caution Continue ReadingHow to refinance student loans for better interest rates

Prepaid Cards: Essential Features to Watch Out for

For people shopping for prepaid cards, it is important to know that even though their names may be the same, they usually come with different features. Another thing you may need to know is that prepaid cards are quite different from debit cards and credit cards. Therefore, in this article, I will like to point out the following: What is prepaid card? Difference between prepaid cards and debit cards Difference between prepaid cards and credit cards How to shop for prepaid cards Advantages of prepaid cards Disadvantages of prepaid cards What is prepaid card? Prepaid cards are means of payment Continue ReadingPrepaid Cards: Essential Features to Watch Out for

Understanding Student Loans Deferment and Forbearance

What is Student Loans Deferment? Student loans deferment or forbearance is the arrangement that allows you to temporarily suspend the repayment of your student loans with or without interest being accrued for a specified period. Student loans deferment and forbearance are applicable to Federal Student Loans. Some people use the terms “student loans deferment” and “student loans forbearance” interchangeably. But unfortunately, the two terms are not the same. While the two arrangements help you to postpone the payments of your student loans for a specified period, student loans deferment may not accrue interest during this period while forbearance will definitely Continue ReadingUnderstanding Student Loans Deferment and Forbearance