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Click here to check out all articles in Money Sense This Week's Article: Three Ways a CMS Helps in e-commerce

There are three direct ways that a content management system add-on can help you develop your e-commerce website. This article is going to list those three things and explain how they affect online transactions. Developing an e-commerce website can be a very tricky task. There are many different aspects to the process and each is equally necessary. The major components of an e-commerce process are the inventory catalog, the shopping cart, and the checkout procedure. Designing any of these components is usually time-consuming, and for someone with limited or nonexistent programming skills it can be next to impossible. This is where the content management system (CMS) comes in. Using a CMS makes website development much, much easier across the board. Installing an e-commerce add-on to your CMS essentially does all the programming work for you. Now instead of spending your time trying to figure out how to create the components you can spend it tweaking an existing system. This brings us to the three most important things that a CMS e-commerce add-on provides. Keep in mind these might not be included in all e-commerce add-ons. However, if one doesn't include these features, it's probably best to keep looking until you find one that does. Not only because they're necessary, but also because there are so many different add-ons to choose from that there's no reason why you should settle for one without these three features.

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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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