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Click here to check out all articles in Money Sense This Week's Article: Order Unlimited Business Checks Online

The savings that can be recognized when you order business checks online has caused many company owners to make the switch. Web-based printers typically charge ten to thirty percent less than most financial institutions. This translates into a significant annual savings in overhead for many companies.

Business checks come in three major types. Many company owners aren't aware that the same ones are available on the Web as at the bank. In fact, you can purchase all of the same types as you can buy at your local financial institution. The three major types include:

1) Continuous: Continuous forms are designed for dot matrix printers. Each separate one is connected by a perforation so that they can be fed into the printer. This allows them to be printed "continuously", as they are so-called.

This variety is not as popular as they once were. Dot matrix printers have been largely replaced by other types of printers (namely laser ones). However, some businesses still use and prefer this type of printer.

2) Laser: This type is the "modern" version of its continuous cousin. This type can be printed from a laser printer.

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Top Questions about Student Consolidation Loans

Why should I consolidate my student loans?

Consolidation offers many benefits-even if you're currently making your monthly payments without any difficulty.

  • You can make monthly bill paying easier with one student loan payment to one lender.
  • The rate on a Federal consolidation Loan is fixed for the life of the loan. Federal Stafford Subsidized and Unsubsidized Loans carry variable interest rates that are adjusted annually.
  • Consolidating will help ease the pressure on your monthly budget by reducing your monthly student loan payment 10% - 60%.
  • You can save money by using your student loan payment savings to pay off high-rate debt, such as credit cards.
  • Consolidation will help your credit scores and debt-to-income ratio, both key factors if you're looking to purchase or refinance a home.

Won't my total cost increase if I extend repayment to 30 years?

Extending the repayment period does increase total interest payments, since smaller payments are made over a longer period of time. However, there are no prepayment penalties for accelerating repayment, so you could pay off the loan in a shorter period of time and save on total interest payments.

Can my parents consolidate their Federal PLUS loans with my student loans?

All loans must be under the same borrower's Social Security Number, thus parents cannot consolidate their PLUS Loans with their children's Stafford Loans, or vice-versa.

How is the interest rate determined?

The interest rate is determined by taking a weighted average of the interest rates on all loans to be consolidated and rounding up to the nearest 1/8 of a percent of 8.25%, whichever is less.

Is the interest tax deductible?

Most people can deduct interest paid on federal student consolidation loans. Consult your tax advisor for more information.

How do I know what my payment will be?

Try our consolidation loan calculator to get an idea of the savings you can expect from a consolidation loan.
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