Author: thecrowdfundingformula

Are Student Loans Still a Good Bet?

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In the mid- and late-1960s, there was no doubt among U.S. public policy makers that the federal government should be encouraging more citizens to attend and graduate from college.

Bolstered by the success of the highly popular GI Bill, which paid college expenses for military veterans, federal student loans were hailed as a “GI Bill for all Americans.” These low-interest loans allowed students from modest means to attend college in numbers never before seen. The college graduation rate, which had hovered around 7 to 8 percent, steadily climbed to today’s rate of nearly 30 percent.

Backing the idea that higher education is nearly universally better than entering the workforce straight out of high school were statistics that showed that college graduates, on average, would benefit from as much as $1 million more in lifetime earnings than students who didn’t graduate with a post-secondary degree.

At the same time, however, the cost of a college education began to rise much faster than the rate of inflation, meaning that families began to have to devote more of their overall income to paying for college costs. With annual college tuition climbing into the tens of thousands of dollars, college expenses have outstripped even generous incomes, and students have had to turn increasingly to college loans to pay for their education.

Today, about two-thirds of college students take out student loans to help pay for their education. These students leave college with an average of $23,186 in school loan debt, according to FinAid.org.

This figure is less than the average cost of a new car in 2010 ($29,217), and most new car loans are paid off in five to six years, with an interest rate comparable to the rates on federal education loans.

So why are so many people concerned about the cost of college loans?

Simply put, not all college loans are created equal.

Federal education loans are issued directly by the federal government and carry a fixed interest rate, along with flexible repayment terms and multiple options for postponing or reducing one’s monthly payments based on one’s financial circumstances. Federal college loans are generally low-cost, low-pressure loans.

federal education loans on the other hand, which are issued not by the government but by banks, credit unions, and other federal-sector lenders, are variable-rate, credit-based loans that typically carry higher fees and rates than their federal counterparts. federal student loans also offer much fewer, if any options, for financially distressed borrowers to be able to postpone or reduce their payments.

One major difference between a new car loan and a student loan is the deferment period. With a car loan, payments on the principal begin immediately. A portion of every payment is used to reduce the balance owed.

In contrast, all federal education loans and many federal education loans allow students to defer making any payments while they’re still in school. The repayment of the loan can be delayed for years while the student finishes school – with no delay of interest charges, however.

Except in the case of subsidized federal student loans – for which the government will cover the interest while a student is in school and which are awarded only to students who demonstrate the most financial need – interest begins to accumulate on college loans as soon as the loans are issued, even if a student is deferring payments.

This accumulation may take place over months or years, quietly running up the balance on a student’s school loan debt to alarmingly high levels.

Families concerned with accumulating excessive college loan debt can always decline to take on any school loans. Federal college loans awarded in a student’s financial aid package are always optional; students can turn these loans down if they have another financial resource and don’t want to take on the debt of school loans.

Students forgoing their available federal college loans at the beginning of the school year, however, may end up passing on this government money only to see their financial circumstances change unexpectedly mid-semester. In cases like these, students may be forced to turn to  student loans to bridge the financial gap.

A good strategy for college students is to first seek out college scholarships and grants and then maximize their available federal student loans before considering a federal student loan. federal loans should be considered only as a last resort and only for financial emergencies that arise during the semester that other sources of financial aid can’t cover.

Students should develop a clear and detailed plan for how they’re going to pay their college expenses for each year they attend classes, especially if they plan to decline the federal school loans in their financial aid packages.

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The Thyroid, Thyroxin, and Hypothyroidism

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The size and appearance of the thyroid gland belies its importance to health and fitness in humans.

It is shaped roughly like a butterfly, and is located on the front of the neck beneath the Adam’s apple. It is located to the front of the windpipe. The two “wings” or lobes are connected by an isthmus or bridge. Despite its importance and contribution to the overall health of the body, when the body is healthy, the thyroid gland cannot even be felt. (more…)

The Basics of House Painting

house painting

Your house is your lifetime asset. And it’s a matter of time when you take a notice that your house needs renovation – not because it’s getting old, but because you feel the need of vibrant colors in your house.

Repainting your house is a tricky business. Some rely on painting companies to do the job for you. Hiring the house painting service may also cost you. But if you are planning to paint it yourself, you might want to consider the basics; and consider the time and effort you will put on painting your house. (more…)

3 Top Tips to Learn Spanish Language Fast

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Most people who are learning to speak the Spanish language ask the same question: What methods will best help me learn to speak Spanish as quickly as possible? There is now such a variety of differing learn Spanish language methods on offer, it is no wonder that a lot of people find it hard to choose the right one. Not every student learns in the same way of course but nevertheless, here are my top 3 picks of the methods I used that helped me to learn to speak Spanish quickly when I began my new life here in beautiful Barcelona. (more…)

What Is Guided Meditation Really?

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With new benefits of meditation being discovered seemingly every day, more people are being introduced to meditation in its many forms than ever before. The modern world is fast-paced and a majority of people in the United States report regular or even constant stress or anxiety in their daily life. This is just one area of life in which meditation can help. Curious if guided meditation can help you with your problems, too? Here’s more about what guided meditation really is and what it can do. (more…)

Why Choose a Honeymoon Cruise Vacation?

Planning your dream honeymoon? The world is your oyster – Bali, Barbados, a Greek island or maybe a honeymoon cruise vacation? Cruises are increasingly popular for anniversaries, weddings and they make a dream honeymoon cruise vacation. Here are a few reasons why a honeymoon cruise vacation beats a traditional hotel honeymoon every time.

Easy to Book

Booking a honeymoon cruise trip is a very easy process. Simply browse the many destination options for your dates and press BOOK! It really is that easy. Optional pre- and post-cruise packages will include airfares, hotels, and transfers. No holding hotel bookings whilst looking for suitable flights, no car hire to arrange and no transfers to worry about. A honeymoon cruise vacation package takes care of everything – cabin, transport, and meals all-in-one. If only planning the wedding was so straightforward! (more…)

How to Fix a Broken Relationship – 3 Actions Required

The pain is gut-wrenching! It tears a person apart at the very depths and core of their soul. This kind of pain is a terror that shows no mercy. It grabs you by the throat and can hold you prisoner in the darkest and gloomiest places to where no one can hear your cries for help.

Well if you are in such a place there is hope, because learning how to fix a broken relationship can start to rejuvenate the thoughts of your heart, mind and soul. Here is just the beginning of some real help that can transform your way of thinking and your life. (more…)

All About Table Top Wet Grinders

One of the must-have appliances in a kitchen is a wet grinder. Powered by electricity, this appliance does a thorough job of mashing cereals and pulses into a batter that is used to prepare a variety of dishes. In the days gone by, women used to manually grind the batter. They would use two stones – a large cylindrical one with a hole at the center and another oval-shaped stone. They would put in the rice and dal in the hole and keep rotating the oval-shaped stone till the grains were mashed. It was a time-consuming process, which was very exhausting for the women. The designing of the kitchen grinder made it more convenient for women to prepare batter at home.

This modern innovation made use of the same set of stones, but reversed the technique. A motor was used to rotate the bottom cylindrical stone and keep the oval stone stationary, chained to a support. A cylindrical drum was placed atop the stone, so the batter would not fly out during the grinding process. The steel drum also made it easy to scoop out the batter after the grinding was done. Initially, this conventional grinder was heavy and required a lot of floor space.

With technological advances, this kitchen appliance too saw a sea change. The heavy parts were replaced with lightweight counterparts. The single stone at the center was replaced by three smaller stones to give a better grinding performance. Overall, the weight of the wet grinder was reduced and size made so small that this kitchen appliance could be placed atop a counter or a table. Thus, emerged the table top wet grinder.

In the earlier versions, one had to scoop out all the batter. This process was not only messy but also took a lot of time. In the table top grinder, one can simply remove the stone and then tilt the drum to drain the batter into a vessel. This made it easier to clean and maintain the grinder.

With most Indian households having idlis, dosas, and vadas for breakfast, this kitchen appliance is sure to be used every week. Apart from these batters, other types of grinding tasks can also be done using the tilting wet grinder.

There are plenty of brands offering tabletop wet grinders. Some of the popular brands of wet grinders are Lakshmi, Sowbaghya, Butterfly, Elgii Ultra and Prestige.

Want to buy or service wet grinders? Find local wet grinder dealers and service centers at Good wet Grinder in India

California Residents: Does your financial advisor tax-manage your RRSPs?

Residents of California that hold RRSPs, LIRAs, RRIFs or other Canadian tax-deferred accounts are subjected to a unique set of tax planning and reporting requirements.  While most U.S. states continue to allow Canadian retirement accounts to grow on a tax-deferred basis, California does not take this position.  Unfortunately, this can present a serious income tax problem for residents of California given the state taxes the annual income distributions (interest and dividends) and realized capital gains inside a Canadian registered plan. (more…)

The Easy Way to Writing a Rap Song

Writing a rap song requires an understanding of the fundamentals of rap songwriting. The core requirements of writing rap comprise of original lyrics, knowledge of rhyming schemes, and creating a strong back beat and hook that maintains the attention of listeners. Rap is composed of rhymed couplets, which are usually set to a bass beat and drum. Having a good rhyming technique and flow is crucial to writing a rap song. (more…)