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Question 16

Balance transfers with 0% promos can help if you can repay during the promo, but transfer fees and post-promo APRs matter.

A balance transfer will always reduce your total interest costs if:

Did You Also Know...

By Wise Wallet

Rules for student loans and forgiveness programs change periodically, so borrowers should confirm current eligibility and program details.

You ignore the transfer fee.You extend the term indefinitely.You pay off the balance during the 0% promo and the fee is smaller than interest avoided.You make only minimum payments.
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