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Student Loan Settlement Is the Loan Subsidized

Ever since Credit 911 confirmed that we could settle unsubsidized student loans, we have spent quite a bit of time explaining what the difference between the two types of loans are.

In short, subsidized student loans are when the Federal Government paid the interest on those loans while the individual was attending school. The Federal Perkins Loans are an example of a subsidized student loan. The interest rate is locked at 5% and the Federal Government pays the interest while the student attends school, there is a 9 month grace period following graduation, and an additional grace period during deferments.

Perkins loans, however, are limited in dollars to those students who show the greatest need.

Most students then turn to the Stafford Loan program for additional funding, these loans fall into our two famous categories Subsidized and Unsubsidized. Again, the subsidized Stafford Loan is based on need, while the unsubsidized Stafford Loan is not.

Most Stafford Loans interest rates range from 4% to 6% depending on what year the student took out the loan. As an example loans taken in 2009/2010 were fixed at 5.6 percent while loans this year are expected to be 4.5%. For the subsidized Stafford the government pays all that interest during your education plus the 9 months discussed above. Additionally, students receiving subsidized loans must be minimally enrolled as a half time college student to remain eligible for the funding.

Those that did not qualify for subsidized loans AND those that needed more money would move on to unsubsidized Stafford Loans. Neither subsidized nor unsubsidized loans obtained through financial aid require a credit check, no collateral was needed, what was most important is that you were somehow able to fill out the very complicated Free Application for Federal Student Aid, more commonly referred to as the FAFSA.

The FAFSA is know for being long and complicated, but the good news is that if you happened to fill this out and you werent in terrible financial shape at the time you probably have a mix of subsidized and unsubsidized loans or all of your loans are unsubsidized.

That should provide you with a basic understanding of the difference and borrowing guidelines between subsidized and unsubsidized student loans. However, for those of you who wish to know a little more about the “education maze” please visit us at www.credit911online.com/blog

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Cant Repay Your Student Loans 5 Ways to Get Help.

For college students, November and December are filled with research projects and final exams. For recent graduates, however, these months can be exceptionally stressful, especially if a post-graduation dream job hasnt materialized on schedule. For graduates who left school with debt from student loans, November and December can be a month of reckoning.

Government-issued federal student loans and many non-federal private student loans grant students a six-month grace period after they leave school before they need to begin making loan payments. For students who graduated in May and June, then, those college loans come up for repayment in November and December.

And if youre a graduate whos caught up in the current recession and the highest unemployment rate on record for new college graduates, you may be getting your first student loan bill having no idea how youre going to make the payment.

Just ignoring those student loan bills isnt going to help. Defaulting on a federal student loan is no light matter. The government can step in and garnish your wages, once you get a job, or seize any income tax refunds you may have coming to you in order to put money toward your student loan debt.

Both federal and private student loans are nearly impossible to discharge in bankruptcy, so your student loan lenders can keep coming after you for payment, even if a judge declares you bankrupt and wipes out your other debts.

All your student loan accounts appear on your credit report, so your credit rating is also at risk. Repeated late and missed payments on your student loans will drop your credit score, will linger on your credit history for years, and can have a lasting impact on your ability later on to qualify for anything that requires a credit check. You may not be able to get a credit card, take out a car loan or home loan, rent an apartment, or even get a job — more and more employers are conducting credit checks on job candidates as a measure of your responsibility and maturity.

Clearly, keeping your student loans current needs to be a priority, for the sake of your credit and the health of your financial future. Whether youre a newly minted college graduate or a longtime borrower whos now having some financial troubles, if youre facing student loan payments that you cant afford, here are five ways to get help now.

1. Contact your student loan lenders. Whether youre approaching the end of your grace period or youre already in repayment, if you know that you dont have the ability to make the payments on your student loans, contact your lenders immediately, explain your situation, and see what they can do to help.

For your federal student loans, the U.S. Department of Education can grant you additional periods of deferment or forbearance if youre facing financial hardship. With a government-approved deferment or forbearance, your student loan payments are postponed, with no adverse effect on your credit.

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Minn. Survey Shows Impact of Recession on Student Loan Debt

The Minnesota State University Student Association has released the results of a survey it issued in September 2010 to help assess the impact of student loan debt on its members. Because the surveys number of responses is small — just 46 responses to date — the results dont hold tremendous scientific value, but they do paint a picture of how the recession has affected college loan debt and default rates in the state.

According to the compiled results, the survey respondents — all of whom graduated from one of Minnesotas public four-year universities — currently carry an average of $32,456 in student loans. Thats 40 percent more student loan debt than the national average of $23,186.

The respondents reported an average monthly student loan payment of $297 with an average loan repayment plan of 15 years. Although federal education loans have a standard repayment horizon of 10 years, borrowers who hold more than $30,000 in federal college loan debt may request a debt-help repayment plan that extends their repayment term to up to 25 years.

These results are consistent with the findings of the U.S. Department of Education released last fall, which show that Minnesotans leave school with more federal college loans than the average student nationwide but tend to default less often than borrowers in other states.

According to the Department of Education, 55 percent of Minnesota college students take on federal school loans to help pay for college expenses, compared to 37 percent of undergraduates nationwide and 47 percent of undergraduates from Midwestern states.

While carrying higher student loan debt loads, however, Minnesota borrowers have a default rate on their federal college loans of just 3.7 percent, compared to the national default rate of 7 percent.

These default rates are measured from students whose federal school loans entered repayment in 2007-2008 and who defaulted before October 1, 2009.

The 2008 default rate in Minnesota of 3.7 percent marked a rise from 3.3 percent in 2007 and 2.9 percent in 2006. Despite this upward trend in student loan defaults, Minnesota ranks 51st in default rates out of the 54 states and territories assessed by the Department of Education.

Officials from the Minnesota Office of Higher Education attribute the lower default rates in their state to better employment prospects for graduates. They also point out that students who leave school without graduating or who work in low-wage jobs are most likely to default on their college loans. Students who earn occupational certificates instead of college degrees are also at a higher risk of defaulting.

Graduates of Minnesotas four-year private and public nonprofit universities were the least likely to default on their school loans. Just 1.4 percent of students from private universities and 1.9 percent of students from public universities who graduated with student loan debt defaulted in their first two years of repayment.

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Course and Career options available after 12th for commerce students

Commerce is language of business and anyone who wants to have better control over the business activities should learn accounts, taxation, banking and other commerce related activities, there are many career options available related to accounts finance and taxation, since these professionals are always in great demand, there is a sense of job security and respect command by such professionals, there are many accounting courses , taxation courses which are certificate course, degree course and diploma course in commerce after 12th , even non commerce students from arts background can also join such training institutes. Degree Course:- Many students opt for degree course like commerce graduate B Com, offered by various universities and colleges, usually degree course is for three years, however earlier many universities use to offer two year program also, but now that practice has been stopped. There are regular as well as correspondence course in which students do not attend classes, there are many universities which offer evening weekend classes for those students opting for distance course, however with top universities like Delhi University, Pune University it is very important to have very good percentage at 12th standard which some time cross 95% in aggregate to take admission in regular course. Some of the known universities in India. Sikkim Manipal university Annamalai University Punjab Technical University NIMS Shobit University Delhi University Professional Courses Apart from graduation there are various other professional courses offered by various institutes in India which offer professional courses which covers fields like:- Accounting Taxation Audit Company Law Mercantile Law Business Studies Organization & Management Direct Tax Income Tax Indirect Tax Service Tax Central Excise VAT

List of Institutes offering various Professional courses in commerce after 12th

CA (The Institute of Chartered Accountants of India commonly known as ICAI) CS (The Institute of Company secretary of India ICSI) ICWA (The Institute of Cost and Works Accountants) IPA (The Institute of Professional Accountants)

Various Career options after doing these professional Courses after graduation or after 12th in commerce.

Assistant Accountant Junior Accountant Accountant Accounts Manager Finance Manager Taxation Assistant Assistant Tax Manager Taxation Manager Payroll trainee Payroll manager Finance Executive Assistant Manager Finance Banking Executive Advanced excel course in Delhi

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Showing Interest – Subsidized Vs. Unsubsidized Student Loans

Getting a federal loan is a very good thing; anyone would agree with that. However, the most common misconception is that “the loan is given by the government directly to the students, and after they have graduated, they do not need to pay” This may sound misleading, but in fact it is what many people believe is the way it works.

A federal loan is usually given through an institution, usually a common financial institution that the students know of. This loan can be divided into two different forms; the subsidized and unsubsidized student loan. So how does an unsubsidized loan differ from a subsidized one? Technically, the subsidized student loan and unsubsidized student loan do not differ much in nature.

Similarities

Firstly, both the subsidized and unsubsidized student loan is equally guaranteed by the US Department of Education. This can be either directly or through certain guarantee agencies. All students are equally eligible to receive both the loan types, although certain distinction may apply to determine the subsidization. But there is no distinction of credit scores or other financial issues, except for the factor of family income.

Secondly, both the subsidized and unsubsidized student loan offers a grace period of six months. This is a common grace period given by almost all kinds of student loans. This would mean that the student does not need to pay until six months after his graduation. Another alternative would be three months after the student becomes a less-than-full-time student without graduating, meaning that even before one complete his studies, he starts working part-time. Both the loan types offer the same amount of loan limit.

Differences

The difference lies in the interest. For the subsidized student loan, the government pledges to pay the interest to the moneylender while the student is studying. For the unsubsidized student loan, the student pays his own, although it varies according to his financial capacity almost every year. For example, if the student borrows $2600 a year, for unsubsidized student loan repayment, he has to pay back $2600 plus interest. For a subsidized one, he only pays the $2600.

Although the difference is only in the interest, it is a significant difference as it can make or break your monthly budget especially if you are just out of college and looking for a decent job. Therefore, wherever and whenever possible, try to secure a subsidized loan; it will make a huge difference when repayment time arrives.

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Information On Private Student Loans

Getting an education after high school is becoming more and more expensive. But it is also becoming more and more of a necessity to get a good job that pays well and has adequate benefits. For this, most young people need to attend college or some other type of additional training. Most of them cant afford to pay for their education by themselves and end up looking for financial help of some kind.

Student loans are a popular choice, but federal student loans are based on financial need, and some students do not fit into those guidelines. An alternative choice for these students or their parents is a private student loan. These are loans done through private lenders instead of the government. The advantage of these types of direct student loans is that they have many of the same kinds of benefits as federal loans.

These loans can be used for any and all college expenses. Things like tuition, books, supplies, computers, and living expenses are all things that qualify for private student loan funds. These loans are unsecured, meaning that no collateral is needed. The loans are credit-based instead. This can mean that the student might need a co-signer if they have not established a credit history, or their parents can apply for the loan instead.

A private education loan is usually a low-interest loan. Borrowers can shop around to find the best rate. There are generally no application fees to apply for this type of loan and there are also no deadlines for applying. The money can be delivered in as little as five days, and the money is given to the student instead of the school. The student is then responsible for paying for their various educational expenses.

This kind of loan has other advantages similar to federal loans. The interest and principal payments can be deferred until the student graduates from school. For most of these loans, a student is required to be attending school at least half time for the deferral of payments and interest.

When the student does graduate from college, the loans can usually be deferred for six months until the student finds employment, and then the loan holder will generally have a variety of repayment options available so that the student can tailor their payments to their income.

A private student loan is the ideal answer for students who do not meet federal requirements for financial need or whose educational expenses are not fully covered by their federal financial aid. Many lenders offer private student loans to students or their parents and the application process is simple and free. The loan requirements are usually less stringent and the repayment options are affordable for young professionals. A private student loan is a great way to finance the education of any student that needs financial help.

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Considerations Before Students Rent Apartments in Berkeley, California

Students who choose to rent apartments in Berkeley, California have to decide between several housing options in order to find the best living conditions when away from home. Studying at an upper level University for many involves more than just choosing a good school to attend. Each student must weigh their own personal needs in community, privacy, or study options to find a place they can call home for their school year.

Compare Housing Options

Everyone has to start with the type of housing they are looking for. Some students will want to live on campus and others will prefer to live off. There are family units, suites, and apartments, either furnished or unfurnished. Then there are study halls and dining halls to look at. Since each student has its own unique set of needs, it is important to not casually skip this step. Your life at school will be demanding enough and you want to make sure that you are living in as comfortable an environment as possible.

Decide if You Want a Roommate

Choosing a roommate may seem like a fun option in the beginning but if you have never lived away from home before or you are used to a certain lifestyle a roommate can create its own set of challenges. Deciding to have a roommate will require that you weigh certain factors carefully. A year in a college student’s life can be drastically affected if their living conditions are not what they need to be. Ask yourself what kind of personality does your roommate need to have? What kind of compromises will I need to make? Or how much of an influence on my life will I allow my roommate to have? Asking these important questions can help you to decide if a roommate will be a good option for you.

Consider Your Budget

Finally, you want to consider your budget. Most on-campus student housing facilities will allow you to use your student financing to pay for your living accommodations while off-campus may not. Your budget will weigh heavily on your choice of living quarters. You want to make sure that you live in a facility where you will have the least amount of worry.

Making these decisions may require an investment in time and thought, but when you consider these things before choosing your accommodations, you are likely to have a much happier and stress free student year. When you rent apartments in Berkeley, California whether on campus or off, you will find there is something for every type of lifestyle or every specific need; you can find the right match if you think the process through carefully.

For more information on how to rent apartments Berekely CA, please visit our website.

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More Than Just A Music Teacher

Private music teachers are great for the accelerated education of a student interested in music. However, the teacher needs to pull his own weight and be a good mentor for the student. There needs to be a mutual love for the music, not just a person looking for some extra cash.

When you do hold a music lesson, you need to have a structured lesson plan that pushes the student to new levels without letting him or her get comfortable in any one area. Rather a constant building process is needed. Music teaching is not always easy though.

The art of music teaching comes with many difficulties and problems along the way. One of the most common problems that arise, especially from young children, is a lack of will. Some children are actually forced to get private lessons by their parents making the students difficult to teach to.

Another problem with some students is frustration. It is most likely that sometime in a students music career, they will become frustrated by a particular part in a song or a playing technique. The role of the teacher is important at this moment because this can often be the moment at which a student quits or decides to really pursue his music dream.

When handling the difficult moments of teaching young students, the teacher needs to be patient with them. Patience is a key to alleviating the stress. A music teacher also needs to give constant motivation for the student success. Without much motivation, there will be a lack of practice and skill performance from the student and this will not help your case for gaining future students.

In conclusion, music teaching is more than simply teaching a student how to play an instrument. It involves patience and teaches a student how to have motivation and desire to do the best you can. It can be related to coaching a sports team, which is more than just trying to win games. Coaching sports also teaches respect and team etiquette. So make sure that music isnt the only thing the student learns.

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Teachers Day Messages

They are saying a teacher is that the noblest job of all; for a lecturer’s influence surpasses a lifetime. I couldn’t agree a lot of, without them I simply can’t imagine how things are in the planet today. A tutor will be your mother or a professionally trained one. Nonetheless they definitely made a mark in each of our lives. On Teacher’s Day, I need to grant my academics one thing they really deserve – a sweet treat for all their handwork. Sensible thing I live close to a candy look and sweet hampers were the answer.

An instructor by profession is someone who provides schooling for others. In an exceedingly school setting, they’re the ones who facilitate learning for the students. They’ll follow standards as mandated by the school or sometimes they follow their passion – one thing that comes out of them naturally. Regardless of their ways, the teachings and learning that we have a tendency to get from them are indispensable. So it is just right if we tend to can offer them one thing back in return. You can allow them to apprehend the importance of their existence by giving them sweet hampers on Lecturers’ Day.

An educator is transfers what he or she has learned throughout the years when she or he was still a student. They gear us up, and prepare us for that’s returning right ahead – real life. Their teachings mould us to be equipped with the mandatory skills to face the world, data-wise. What they provide us is priceless and no amount of sweet hampers could ever come near; however you can still thank them even in a little approach by giving those sweet treats that reminds them how sweet life is.

A teacher a lot of than anything is a friend. They may appear as grumpy or scary but deep within they care. They are for our future. They are like our second oldsters and the varsity our second home. If we tend to will show love to our real parents a little thanksgiving for them throughout
Teachers Day can very bit them. You’ll write a small many thanks note and you can have some sweet hampers from your local candy shop to form them smile and feel appreciated.

Being an educator isn’t easy. Dealing alone with completely different students of various personalities is already a challenge. The bigger challenge is how to induce the knowledge they are attempting to share across us. It’s however solely correct that after in a very whereas we tend to give them break, build them bear in mind how fun it’s with them around. You’ll show it by giving them sweet hampers; sweet treats simply for one of the simplest people within the world.

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Reasons Why Students Avail of Custom Essay Writing Services

Although the obligation to accomplish academic writing tasks with success belongs to the students, there are circumstances that do not allow them to write essays. In some cases, students are able to write their academic papers, but with lesser focus. This eventually leads to lower quality papers that could be incoherent, hard to understand and full of grammar and spelling errors. Pressured to submit essays as part of the requirements, a student may opt to avail of a Custom Essay Writing Service

The decision whether to avail of an essay writing service solely lies with the student. For some students, they do not have the time, energy and resources to cover and accomplish all the assigned academic tasks and activities. A student may be loaded with academic assignments more than he could handle. If he insists on doing all of them, he might be too pressured and might end up writing low quality compositions. He might not be able to accomplish all of the tasks, which could result to missed submissions. Instead of writing low quality essays or missing submissions, a student would opt to avail of a Custom Essay Writing Service.

For other students, they have distinctive fears that prevent them from writing quality essays. Some of them fear that they do not have ample writing skills. There are students who fear that they may not be able to organize their thoughts. Others also fear that if they write something, they could be wrong. Because of these fears, a student would opt to avail of a Custom Essay Writing Service.

It is undisputable that there are students who cannot write quality essays because of lack of time, energy and resources and because of inexplicable fears. But they could always avail of outside help from credible custom essay writing services.