| Education loans or credit cards | | Posted Monday, January 23, 2006 2:16:23 PM by Kate Grant |  Barely making it from day to day does not sound like something you want to do while trying to get an education. But reality is!
Many students struggle with money issues every day, not able to free their mind and concentrate in their studies. Getting a "quick fix" in the shape of a free credit card is a sure way to get you into more trouble.
The inexperienced student figure out that this is some kind of easy money, and bites the bait, not aware of the fact he'll have to pay one day. You need to pay your student loans as well, but there's a huge difference. Taking a government education Loan, to pay for your tuition, books, rent, living expenses and food, you should take into consideration the necessity to secure the funds you'll need, to get you through one semester after another at college.
But here's the good part: student loans have a fixed interest rate, depending of course on the type of loan and the students' credit rating, the amount and repayment terms. Credit cards, on the other hand, can set you back thousands of dollars, with an interest rate as high as 22 percent. Scarlette O'Hara did say "I'll think about it tomorrow", but you, as a student, can't afford to do so.
Be it a Loan for distance education or a Loan for an alternative education, you'd better ask your bank to find out the terms of each loan or credit card, before you make a decision that could affect your life in the future. If you'll do so, you'll find out there are many creative education loans to fit your needs and capabilities.
Use the free College Funding Calculator to get an idea of how much money you'll need to survive college.
We also recommend you visit the City bank site which offers all the information you need to guide you with education loans decision.
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| | | Guide paves the way to college scholarship money from variety of sources | | Posted Sunday, January 14, 2007 2:57:52 PM by Blog57 Team | | There is so much information about college financing its hard to choose which Web site or book to read. But, as one wellworn Chinese proverb goes, "To know the road ahead, ask those coming back." In the case of paying for college, wed want to ask Ben Kaplan. Kaplan amassed nearly $90,000 by winning more than two dozen merit scholarships, which allowed him to graduate from Harvard in 1999 debt-free. That successful experience certainly qualifies him to write How to Go to College Almost for Free (Harper Collins, $22), which is the January pick for the Color of Money Book Club. Kaplans book probably is just what you need to motivate your child to apply for and get the scholarships it will take to make a college education affordable. His personal story is a testament to the tenacity it takes to win money for school.... | |
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| | | Be wary of zero-percent financing deals | | Posted Tuesday, January 09, 2007 1:06:20 PM by Blog57 Team | | Credit counselors say the "no-interest, no-payment" offers that entice holiday shoppers each year could serve as Exhibit A. "These things are potentially very troublesome," said Howard Dvorkin, founder of Consolidated Credit Counseling and author of "Credit Hell: How to Dig Out of Debt." Unfortunately, most of us don't read the fine print or fully grasp the details of the contract. We just know we can take home that $999 plasma TV and have 12 months to figure out how to pay for it. We hardly consider the high interest charges we'll get socked with if we don't pony up on time. "Retailers understand the nature of the American consumer," Dvorkin said. "Though people may have great intentions of paying off the balance in full when the promotional period is over, a large majority don't.... | |
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| | | Power, transportation reforms deserve priority from next govt ... | | Posted Sunday, November 19, 2006 12:53:40 PM by Blog57 Team | | The World Bank's outgoing Country Director for Bangladesh Christine I Wallich in an emailed interview with Inam Ahmed talks about her assignment in the country. She takes stock of the progress in economic reforms, discusses the areas where little reforms have been carried out, and lists the areas that need immediate attention. Excerpts: Q: You have been in Bangladesh for quite a long time. What are the areas in which you think very little reforms have been done, and which are the reforms that must be done on a priority basis for the next government to put the economy on a good footing? A: Assessing the reform balance sheet makes sense at this juncture. Before I start listing new reforms, I think we ought to take stock of the considerable progress that has been made in economic reform during the three and a half years I have been in Bangladesh.... | |
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| | | Hong Kong's Lessons for U.S. Education | | Posted Tuesday, November 14, 2006 10:54:52 PM by Blog57 Team | | Some of the same qualities that have made Hong Kong's economy one of the top performers in the world also have produced a world-class education system. America would be well-served to take an open-minded look at Hong Kong's approach. Hong Kong is well known for its open economy, enjoying the top spot on two indices of global economic freedom: Economic Freedom of the World, published annually by Canada's Fraser Institute, a Vancouver-based think tank, and the Index of Economic Freedom, published annually by the Heritage Foundation, a conservative U.S. think tank. These annual surveys show that economic freedom isn't an abstract concept. As Fraser Institute scholars noted in September, when the 2006 report was released, nations in the top quartile in economic freedom have an average per capita gross domestic product of $24,402 and an average per capita growth rate of 2.1 percent, while those in the bottom quartile average $2,998 per capita and -0.2 percent annual "growth" rate.... | |
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| | | A five-point plan to prepare for college costs | | Posted Sunday, November 12, 2006 10:56:47 PM by Blog57 Team | | As the cost and value of higher education rise, it is important to research parents' and students' options early. By Kathy KristofLOS ANGELES TIMES Sunday, November 12, 2006 Parents may need a crash course in the ABCs of paying for college. That's mainly because new data indicate that the cost of higher education is becoming increasingly crushing, leaving students more indebted than ever before. And yet, the value of a college education never has been greater. The median income of college graduates is now 62 percent higher than that of high school graduates — a disparity that has grown increasingly stark over recent decades. .... | |
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| | | Gov't's withdrawal of $5b for education leaves agency with deficit | | Posted Saturday, November 11, 2006 3:07:06 AM by Blog57 Team | | The $5 billion which the Government has siphoned from the National Housing Trust (NHT) for its Education Transformation Programme has left the agency with a deficit of $1.9 billion for the fiscal year ended March 31, 2006. The NHT's 2005/06 annual report and financial statements tabled in Parliament this week show that had the $5-billion been left in the housing agency, it would have ended the March 2005 - March 2006 year with a surplus of $3 billion. But even though the withdrawal has left the NHT bleeding red ink, the agency's management says there is no need to worry as the NHT has assets of over $78 billion for the 2005/2006 period compared to the $72-billion in assets held during 2004/2005. Against objections from the Opposition, the Government last year used its parliamentary majority to amend the NHT Act, allowing the administration to withdraw money from the NHT to fund its ambitious Education Transformation Programme.... | |
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| | | Cauble cruises to school board win | | Posted Thursday, November 09, 2006 7:03:50 AM by Blog57 Team | | In the race for the District Five seat of the Kansas State Board of Education, Sally Cauble, the Republican candidate from Liberal, defeated her Democratic opponent, Tim Cruz, by a wider margin than some expected. Cauble watched the election results from her residence Tuesday night, and she said she was excited as results from the counties across her district continued to come in. "We're delighted," she said. "It was a good clean campaign. We have much respect for Tim Cruz. He's a wonderful individual, and he would've done a good job if he would've won. I'm hoping to serve this district and the children of Kansas for their best interests with good common sense." Common sense has been a continuing theme throughout Cauble's campaign, and she outlined some of her priorities for her new position.... | |
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| | | Think twice on tapping 401(k) | | Posted Tuesday, November 07, 2006 7:00:21 AM by Blog57 Team | | For many people, the money accumulated in a 401(k) retirement savings account represents most -- if not all -- of their total savings. So it's a tempting target when they need cash, whether to get through a short-term emergency or to help with a long-term goal like financing college. But experts say the negatives outweigh the positives when it comes to borrowing from 401(k)s and other retirement accounts. "I would never say don't do it ever," said John Nersesian, a financial planner with Nuveen Investments in Chicago. "It can be very helpful if done selectively, but destructive if done irresponsibly." The main reason people tap their retirement accounts is that they're borrowing their own money and paying it back with interest that's usually set at a low rate.... | |
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| | | TERI Names Prince to Head Marketing | | Posted Sunday, November 05, 2006 12:51:40 PM by Blog57 Team | | BOSTON, Nov. 2 /PRNewswire/ -- TERI (The Education Resources Institute) has named Scott D. Prince Vice President, Marketing. Mr. Prince has over sixteen years of experience in the higher education financing industry and is a recognized expert in marketing and communications in the private loans industry and promoting access to higher education for low-income, first generation students and adults. Mr. Prince joins TERI from the Massachusetts Educational Financing Authority (MEFA) where, as Director of External Relations and Communications, he oversaw communications, government relations, and marketing initiatives as spokesperson for the Authority's college savings and loan programs. While at MEFA, Mr. Prince served as a member of the TERI College Access Advisory Board, during which time he provided TERI with support and guidance regarding its local college access activities.... | |
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| | | Romania Europe s poor relative in terms of education | | Posted Friday, November 03, 2006 11:14:14 AM by Blog57 Team | | According to a report on the Romanian education system drawn up by the Education Ministry in Bucharest, Romania allots too little to the sector, approx. 2 pc less than the European average.published in issue 3801 page 11 at 2006-11-02Romania continues the register the lowest level of education expenditure as a share in the GDP as compared to EU member states and newly accepted countries, reads a report on the education system finalised by the Education Ministry. The document indicates that Romania remains one of the few European states which allot less than 10 per cent to the sector. One of the reasons for the under-financing of education units is that in Romania the sector continues to be primarily funded from public budgets. Romanian schools attract few extra-budgetary resources, and the private system is only developed at a higher education level.... | |
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