Graduate and professional students can borrow under the PLUS Loan Program. The terms and conditions applicable to Parent PLUS Loans also apply to Graduate PLUS loans. You may borrow up to your cost of attendance (determined by your graduate or professional school) minus other financial aid including other loans. You must not have an adverse credit history and repayment begins after the loan is fully disbursed. If you are still enrolled you can qualify for an In-School Deferment to avoid making payments. Contact your school or your servicer once the final year's disbursement is made to request the deferment. The loan carries a fixed rate of 8.5 for FFEL loans and 7.9% for a Direct loans. The standard repayment term is 10 years, but can be up to 25 years depending on your total borrowing.
In order to receive a Graduate PLUS Loan, you must first complete the Free Applicaton for Federal Student Aid (FAFSA) and have used your maximum annual loan eligibility under the Federal Subsidized and Unsubsidized Stafford loan program.
You can use our LoanFinder to compare and apply for a Graduate PLUS loan
source:estudentloan.com/
Saturday, June 14, 2008
Federal Graduate PLUS Loan Review
Home Schooling and Financial Aid
1. Are there any programs that provide student financial assistance to homeschooled children?
Homeschooled students are eligible for federal student aid for college if they have "completed a secondary school education in a home school setting that is treated as a home school or private school under State law" (Section 484(d)(3) of the Higher Education Act of 1965). Homeschooled students have not been required to take the GED or take an ability-to-benefit test since the Higher Education Amendments of 1998. High school dropouts must take a GED exam or an ability-to-benefit test, but students who have completed a home schooled secondary education that satisfies the requirements of state law do not. For additional information, see Federal Requirements for Homeschoolers Seeking College Admission and Financial Aid, Home School Legal Defense Association (HSLDA), May 2003.
Many private scholarships are open to homeschooled students. Some scholarships, however, require a high school diploma or GED. If a scholarship requires a high school diploma or GED, ask for a clarification or exception before applying. If you encounter resistance, it can help to point out that in 2005 the winner of the Siemens Westinghouse Competition in Math, Science and Technology's $100,000 scholarship was a 16-year-old homeschooled student.
There aren't many scholarships specifically targeted at homeschooled students, other than those sponsored by the Home School Foundation.
Source:FAQs about Financial Aid ,finaid.org
Friday, June 13, 2008
Student loans consolidation scheme receives alarming response
It has been found out that student loan debt consolidation loan can be of help in many ways. Firstly they enable you to segregate several federal student loans and make a single payment. This amount as calculated is certainly less than the amount which one would have otherwise required to pay as per the original 10-year repayment option. This appears to be good news not only to parents and students but also to academicians and managements of many educational institutions. The reason is quiet simple. They will have more and more students. Students and parents are otherwise apprehensive to when it come to loans. Therefore it is convenient that such a measure can do a great thing to improve the rate of the number of people educated in the whole of United States of America.
This move is hailed by many people for many reasons. Firstly the terms are flexible and it is very easy to make things work out in your favor. A student can be assured of the fact that once he or she enrolls for a program and alternatively funds his education through the loan he will be in a position to repay the money as soon as he gets a comfortable job. It is for this reason this loan has received an alarming and encouraging response. The earlier loan schemes were also good enough however many of them lacked merit when it came to practical applications. This loan is not only important for the educational aspects. It helps a lot in the economy of the nation too. Such loans will make sure than more money is spent on a productive means like education and that there are more employment opportunities and as well as improved chances for increase in the aggregate national income. These loans are a very important issue and people should not take them for granted. If they do so then it will be too late to realize that they have missed something which would otherwise have great impact on career and financial stability. Lots of applications are already expected for these loans.
Sallie Mae affirms commitment to provide federal student loan access to all students, all schools
Company ready to process applications for Stafford loans with new, increased loan limitsRESTON, Va., June 10, 2008
Sallie Mae, the nation’s leading saving- and paying-for-college company, today reiterated its commitment to fund every eligible federal student loan application received from every student at every school for the upcoming academic year.
“Some lenders have ceased lending to certain school types, such as two-year and proprietary institutions. We want students at those schools to know that we will lend to all students at all schools who need a federal loan to pay for college, just as we have for the last 35 years,” said C.E. Andrews, president, Sallie Mae.
Source: salliemae.com
Sallie Mae appoints senior vice presidents
Tim Hynes joins Sallie Mae as senior vice president, credit. In this newly created role, Hynes will head the credit department and build the company’s infrastructure, controls and analytics for sound credit risk management and quality asset growth. Previously Hynes served in a variety of consumer finance lending and credit management roles at MBNA America, both in the U.S. and abroad. Most recently, he had profit and loss responsibility for new and existing credit card account marketing for Bank of America. Hynes received a Bachelor of Science degree in business administration from the University of Richmond.
John Kane joins Sallie Mae as senior vice president, collections. In this role, Kane will oversee the company’s contingency and private credit collection activities. Previously, Kane served in a variety of roles within consumer credit operations at MBNA America, including credit acquisition, fraud, collections and delinquency management. Most recently, he directed enterprise fraud strategies for Bank of America’s global consumer group. Kane received a Bachelor of Arts degree in economics from the University of Delaware.
“We are excited to welcome both Tim and John to this great company,” said Jack Hewes, executive vice president and chief credit officer. “Their experience and credit discipline will bring significant value to our growing business.”
Sallie Mae appoints senior vice presidents
source: salliemae.com
U.S. News & World Report 2009 rankings of Ohio State graduate programs
Fisher College of Business: ranked 27th overall among 425 institutions with MBA programs. Specialty program in supply chain/logistics ranked 7th.
College of Education and Human Ecology: Ohio State ranked 16th overall out of 278 graduate education programs. Specialty programs in vocational/technical education ranked 1st; counseling/personnel services ranked 4th; elementary education, curriculum/instruction, and administration/supervision ranked 6th, and secondary teacher education ranked 7th.
College of Engineering: ranked 29th overall out of 198 institutions with graduate engineering programs. The school also experienced gains in programs for environmental engineering, industrial and systems engineering, mechanical engineering. Computer science ranked 31st.
Moritz College of Law: ranked 32nd in the nation out of 184 ABA-accredited law schools. The specialty program in dispute resolution ranked 5th. U.S. News again identified the College of Law as one of the most racially diverse student bodies in the nation, with 9 percent of the students identified as Asian-American.
College of Medicine: ranked 30th overall among 125 accredited medical schools. The specialty program in primary care ranked 31st. Within the College's School of Allied Medicine, the program in physical therapy ranked 19th.
College of Pharmacy: ranked 5th overall.
Physical Therapy: ranked 19th overall.
Master of Fine Arts: ranked 21st among 220 Master of Fine Arts programs in art and design. Industrial design ranked 5th in the country, and programs in ceramics and glass both ranked 6th.
College of Social and Behavioral Sciences: ranked 33rd in clinical psychology, and 18th in speech-language pathology.
The John Glenn School of Public Affairs ranked 36th out of 269 schools with master's programs.
College of Mathematics and Physical Sciences: ranked 11th in nuclear physics, 33rd overall in mathematics and 26th in physics.
Montclair State University Announces Its First Ph.D. Program
Montclair State University news.
Montclair State University Announces Its First Ph.D. Program
Ph.D. Program in Counselor Education is Unique to the New York Metropolitan Area
MONTCLAIR, NJ--Montclair State University announced today that it is accepting applicants for its first Ph.D. program: a doctoral program in counselor education that was approved today by the New Jersey Commission on Higher Education.
The only doctoral program in counselor education in the New York metropolitan area, the primary objective of this Ph.D. program is to prepare scholars and practitioners to become leaders in maximizing the mental health and quality of life for individuals, families, communities, and educational organizations.
"I am so proud that we will be offering the first Ph.D. program in counselor education in the region," comments Ada Beth Cutler, Dean of the College of Education and Human Services. "Our faculty is second to none and we expect an overwhelming response from prospective applicants who need this doctoral degree to advance in their field."
Individuals with counselor education doctoral degrees work as academic faculty in higher education and in administrative and managerial roles in health care agencies, nonprofit organizations, community agencies, and student affairs/academic affairs units in colleges and universities as well as in businesses. In addition to working in such agencies and in business, holders of Ph.D. degrees in counselor education also serve as consultants for agencies on specific projects- for example, consultants to state departments of education concerning guidance outreach to underserved populations.
According to U.S. Department of Labor statistics, the demand for counselors is expected to grow much faster than average for all occupations through the year 2016, with overall employment projected to increase by 21 percent. The current Occupational Outlook Handbook for 2008-2009 projects the areas with the highest job growth are:
· substance abuse and behavioral disorder counseling (34 percent expected job increase)--as society becomes more knowledgeable about addiction, it is increasingly common for people to seek treatment;
· mental health counseling (30 percent expected job increase)--counselors will be needed to staff statewide networks that are being established to improve services for children and adolescents with serious emotional disturbances and for their families. Under managed care systems, insurance companies are increasingly providing for reimbursement of counselors as a less costly alternative to psychiatrists and psychologists;
· marriage and family therapy counseling (30 percent expected job increase)--demand will increase in part due to an increased recognition of the field, and as more people become open to seeking help for marital and family problems.
The Montclair State University Ph.D. program in counselor education combines scholarly preparation and advanced counseling and supervision practice in preparation to pursue these and other career opportunities. Applications are being accepted for Fall 2009 study. Review of completed applications, including review for doctoral assistantships, will begin on or about November 1, 2008. The final application deadline for Fall 2009 is February 1, 2009.
Strength of Graduate Programs Advances UCF's Status With Education Board
The strength and growing number of graduate programs have propelled the University of Central Florida to the highest rating possible from a nonprofit organization that works with education leaders in 16 states.
UCF has learned that it has been upgraded to a “Four-Year 1” classification – the highest level possible – by the Southern Regional Education Board, which strives to improve pre-K through postsecondary education.
The rankings issued by the board are impacted mostly by the number, breadth and comprehensiveness of graduate degrees offered by a university.
Even during a time of financial uncertainty due to state budget cuts, UCF continues to add and expand graduate programs designed to prepare students for high-tech jobs, boost the region’s economy and educate well-trained teachers, law enforcement officials and other professionals who serve the community.
“The Southern Regional Education Board’s higher classification is a testament to the hard work of our faculty and staff who have developed a first-class graduate program at UCF,” said Patricia Bishop, vice provost and dean of Graduate Studies. “This recognition will help us attract the best and brightest students and faculty as we strive to build on our successes.”
UCF offered 28 doctoral programs in the fall – more than double the number available in 2000 -- along with 97 master’s degree programs and three specialist-level programs. The graduate enrollment was 7,211 in Fall 2007, up from 4,953 ten years ago.
UCF awarded 212 doctoral degrees in 2006-07, more than double the number awarded in 2000.
In March, the Board of Trustees voted to add a new master’s program in Biotechnology that will prepare students for a variety of biomedical careers, including local opportunities at the UCF College of Medicine, Burnham Institute for Medical Research and planned Veterans Administration hospital. New master’s degrees in Digital Forensics, Technology and Applied Learning and Instruction also have been approved this year.
Doctorates in Nursing Practice and Physical Therapy were among the degrees approved in 2006-07. In 2006, the first graduates of UCF’s Florida Interactive Entertainment Academy – a master’s degree program that prepares students for high-paying jobs in video game development – walked across the stage.
The university also will begin offering M.D. degrees through the new College of Medicine, which is scheduled to open in fall 2009.
The Southern Regional Education Board’s classifications are based on factors such as the types and numbers of degrees that universities offer, the number of program areas in which degrees are granted and the comprehensiveness of subject areas in which degrees are awarded. An institution must award a total of at least 100 doctoral degrees distributed among 10 categories to be granted the “Four-Year 1” status.
To attain “Four-Year 1” status, UCF was required to meet the criteria for the past three years. UCF had been a “Four-Year 2” university since 1995-96.
The Southern Regional Education Board’s enhanced rating comes as several UCF programs recently were ranked among the best in the nation in the 2009 U.S. News and World Report Best Graduate School guide.
The university’s Electrical Engineering graduate program was the highest-ranked UCF program at number 65. Education, Physics, Public Administration and Speech-Language Pathology programs were also ranked in the top 100.
Strength of Graduate Programs Advances UCF's Status With Education Board
By Chad Binette
Thursday, June 12, 2008
Lower Interest on Federal Student Loans
As the Democrats take control of Congress new graduate students may have an easier time repaying their loan debts. The new Democratic leaders have promised to cut the interest rates in half to make new college loan payments lower. Included in their goals is the boosting of government money for education while rewriting the No Child Left Behind act.
During the first 100 hours of operation for the Democrats next year they will first handle the issues of cutting federal student loan interest rates by almost half. Included in the plan was the idea that student loans would be forgiven after twenty-five years, the maximum award for the Pell Grant would be increased to over five thousand dollars and student loan payments would be capped at fifteen percent of the student's discretionary income.
This move on the part of Democratic leaders was started as a result of the rapid rise in student debt. The interest rate is planned to be dropped from 6.8 percent to 3.4 percent. Throughout the United States students are facing high amounts of debt. However, should these changes be past it will cost an estimated eighteen billion over the course of the next five years which may test the willingness of the government to go with the plan.
Budget 2008: Student loan borrowers keep propping up loan program
With yesterday’s budget, the federal Conservatives have now put their own stamp on student aid in Canada by tweaking the Canada Student Loans Program (CSLP), sinking the Millennium Scholarship Foundation (MSF), and injecting millions into a restructured loan program. The only problem is, the money will be going right back into the very Ministry that has already proven itself to be inefficient and unresponsive to the needs of students.
In addition to the over $300 million in cash the CSLP will receive after the MSF dies, another $100 million will now be earmarked for an as yet undefined “modernization” strategy. Here, voters might ask this question: after dozens of meetings with post-secondary groups, and thousands of e-mails from Canadians across the country, why is it that the feds are still unable to define exactly what is wrong with the student loan program? In any event, insiders say that this is really a slush fund aimed at those provinces which still haven’t signed on to integrated loan programs — many still have concerns about how much flexibility they will lose if such agreements are signed with the federal government.
Equally concerning is the government’s new eligibility system for loans, which will see millions more in grants going to middle-income students, with fewer dollars flowing to lower-income students.
This is not exactly what the CSLP was envisioned to do, but in a seemingly unending election cycle, more cash for future Conservative voters and their parents just makes good political sense — or should we say, cents!
Another key initiative will be more than $20 million in cash for a shiny new CSLP website — which will largely do what the old one did: tell you what your sky-high balance is, how much interest you owe, and when your next payment is due.
Meanwhile, borrowers looking for a more responsive student loan system, complete with an Ombudsperson Office, can forget it. Even though the United States established one in 1998, Canadians will have to continue to rely on the Member of Parliament for escalated student loan disputes. This is a bitter pill for stakeholders, since an Ombudsperson would have been one of the easiest and least expensive initiatives the Conservatives could have implemented — making the system more transparent and accountable.
Those who will continue to escape accountability, however, include the dozen or more ruthless collection agencies commissioned to recoup millions in interest and principle on defaulted student loans — indeed, no new regulations are planned in the budget to address the activities of these frequently unscrupulous agencies, seeking to extract a few more dimes from borrowers.
But where will all the cash come from for all these new and expensive initiatives? After all, the Finance Minister himself has said these are difficult economic times.
Well, it will come in large part from struggling borrowers in repayment.
Currently, well over $300 million in interest is drained from the pockets of cash-strapped borrowers each year — about the same amount being dolled out by the now defunct Millennium Scholarship Foundation. In a true twist of fate, borrowers who graduate from post-secondary school and end up in low paying jobs also end up paying the most interest — often extending their repayment periods by several years just to stave off default.
And this isn’t pocket change we are talking about either. Consider this: a borrower with a loan of $40,000 dollars, paid back over ten years, can expect to pay over $18,000.00 in interest. If the budget had cut the interest rate by 2.5 per cent, it could have saved this borrower as much as $6,000 in interest. In turn, this borrower’s savings could have been invested in the Canadian economy, purchasing goods and services, or put towards the borrower’s principle loan balance.
Please forgive borrowers, too, for not jumping on the government’s new tax-free savings accounts — as studies already show they are saving less in RRSP contributions precisely because of mounting student loan debt.
Quite simply, student loan borrowers are a lucrative revenue source for the feds, and just like any other tax on the poor, the system appears willing to continue gouging Canadians for years to come.
So the next time you meet a student loan borrower paying 8.25 per cent in interest or more on their loan, thank them for subsidizing the existing loan system — they are doing it whether they can afford it or not.
Budget 2008: Student loan borrowers keep propping up loan program
By Julian Benedict
Pres. Bush’s FY09 budget makes some student loan changes
Here’s a brief outline of some changes in the proposed Fiscal Year ‘09 budget:
Increase Pell Grant for 2009-2010 school year to $4,310
Eliminate the Perkins Loan
Limit public sector loan forgiveness to loans originated on or after July 1, 2009
a 50-percent tax credit for the first $2,000 that moderate- and low-income parents invest per year in 529 tuition-savings accounts
$70 million to train teachers to teach Advanced Placement and/or International Baccalaureate courses as well as expand lower-income students’ access to these courses
This is just a small selection of what the President proposed - now comes the political wrangling to determine what actually happens
some student loan changes.
Wednesday, June 11, 2008
What are Nursing Education Loans?
What are Nursing Education Loans?
Students attending nursing schools qualify for number of education loans:
Federal Perkins Loans
These loans are awarded based on need and based on the amount of government of money that is available. Since these loans are offered by the government to graduate and undergraduate students, interest rates are quite low -- 5% in many cases. Students must begin repaying nine months after ending school or stopping full-time study.
Federal Stafford Loans
These loans are also offered by the government. Some are based on need while some are not. Interest rates on these loans are quite low and repayment begins six months after students stop attending school full-time
PLUS Loans
These loans are offered to parents who have college aged dependents. These loans also have low interest and students need to start repayment six months after they stop going to school full-time. These loans are based on need.
Private Education loans
A number of banks, financial institutions and lending companies offer education loans specifically for students who do not get enough money through other sources. These loans have competitive rates -- although generally higher interest than the federal loans -- and most ask that students start repayment after completing their full-time studies. These loans are not based on need, although a credit check is usually required in order to qualify. Some loans are even specifically designed for nursing school or medical school students.
Federal Nursing Education Loans
These 5% interest loans are offered to undergraduate nursing students. They are need-based and students must begin repayment nine months after graduating or quitting school. The maximum loan amount is $4000.
What are Nursing Education Loan Repayment Programs?
Nursing education loan repayment programs work to resolve two big problems: Huge nursing student debts and chronic nurse shortages at some facilities. Repayment programs, which are really grants, work to resolve both issues. Repayment programs offer help in paying off nursing student debts. In exchange, nurses agree to work in areas where there is a nurse shortage for a specific number of years. There are government loan repayment programs and nursing loan repayment programs offered by private medical care companies.
The Nursing Education Loan Repayment Program (NELRP) is a government program that pays up to 85% of a nurse's student debt. All a nurse must do is apply for the program and work at a specific facility for up to three years. In most cases, nurses are assigned to work at facilities where there is a staff shortage. Nurses can apply online at: http://bhpr.hrsa.gov/nursing
Hospital or facility based loan repayment programs. Some health care centers are helping nurses to pay off their student debts if nurses agree to a specific term of service. For example, the Northeast Health Education Loan Repayment Program allows students to reduce their nursing school debt by as much as $10 000 if they work at least 20 hours per week at one of the Northeast Health Care centers.
US Department of Education Loans
What is the US Department of Education?
In 1980, several federal government agencies worked together to create the US Department of Education. The purpose of this department has always been to support education throughout the United States and to promote equitable education access. The United States Department of Education has a budget of $71.5 billion and an employee roster of 4500 workers. The mandate of the department is to:
Eliminate Discrimination and Promote the Rights of Everyone's Equal Access to Education
The department is interested in reducing bias, both overt and subtle, that gets in the way of education. The department believes that everyone has a right to quality education.
Encourage Awareness of and Promote Attention To Important Educational Issues
The US Department of Education works with the press to encourage education. They also publish a number of articles, publications, pamphlets, and other texts which encourage students to seek out education.
Create Policies about Federal Financial Education Aids
The Department of Education has the ability to effect laws concerning education and the ability to suggest proposals that might further education in America.
Distribute and Manage Federal Financial Aid Earmarked for Education
The US Department of Education is responsible for distributing scholarships, grants, loans, and other forms of financial aid to students from the federal government.
Research America's Schools and Collect Information About Them
Through a number of research ventures, including surveys and studies, the US Department of Education tries to determine what is going on in education today and what needs to be done to improve education for tomorrow.
How to afford a college education
The cost of a college education is one of the biggest expenses that any student has to deal with at some point in their life. The average price of a college education is nearly the same as that of a small home. Often students end up having to deal with high debts even after finishing their education and they are forced to spend many years trying to pay off their debts.
Middle class families in the States can sometimes make use of a benefit plan that has been designed to assist families that cannot afford to send kids to college. The costs to do this is sometimes simply too high to pay for. Some families earn too much money to be able to make use of student aid plans. Other families do not earn enough to be able to pay tuition fees and students from these families are often forced to spend more time working jobs than on studying to meet their bills.
In some cases students from families that cannot pay tuition fees can apply for two full years in college without having to pay paying tuition fees. This rule only applies if students have attended college prep classes in high school. Families can apply for these grants if they have an income that is lower than $70,000.
In some states such as Kentucky free college preparation books are handed out to people who are planning to start going to college soon. These books help students to prepare for college life and have been written about topics such as paying for your college education. Books like these help students with ideas to arrange their student life and to get funding for housing, tuition fees and related topics. A few universities such as the ones in Florida have now received money to hand out grants for less fortunate students.
education loan:Cutting Stafford Interest Rates
Cutting Stafford Interest Rates
In today's society individuals need to get a college education if they want to have success. Society links education to an increase in health, wealth and social participation. However, as the need for a college education has grown so has the cost. As a result of this steadily rising cost student debt has dramatically increased.
Every year about 5.5 million students borrow from the government through the Stafford loans. The majority of these students or 3.3 million go to four year institutions that are either private or public. Many of the students who sign for loans are either from low or middle income families. The Congressional Research Services states that the majority of these students come from families who make less than sixty-seven thousand a year.
As a result one of the first proposal made by the new Democratic controlled Congress is to cut the Stafford loans fixed interest rate in half. Congress wants to reduce the interest from the current 6.8 percent to 3.4 percent. The total reduction would take about five years. As a result depending on the year students sign for their Stafford loans they will be having a different fixed interest rate until the year 2011 when the interest rates would stay at 3.4 percent.
education loan:Low education interest
It is a well-known fact that many, if not most, student struggle to make ends meet and things often do not get better after graduating. Students end up paying off a student loan after their college years and are forced to take on any low paying job to deal with loan payments and their daily expenses.
The democrats have been making promises to do something about the situation and it seems that this promise is working out. The democrats are now planning quick action to ensure the lowering of student loan interest rates.
The plan is scheduled to be discussed and voted on this week and the idea is that the interest rates on selected student loans will be halved. The plan will be aimed towards need-based loans and is not designed for students who have chosen to opt for an unsubsidized student loan. The loan rates for student loans taken on by parents will also be reduced and the plan will cut rates for subsidized loans from 6.8 to 3.4 percent in a period of five years.
This means that in a few years more families can afford to send their kids to college without suffering too much financially. Right now many students are dealing with a vicious circle of having to work to make ends meet, missing important parts of their tuition because of this, and ending up paying more college fees because they have to extend their college term. Students and their parents have been waiting for these plans to come into fruition for a long time and it seems that things are finally looking up for these kids.
Student Loans With Bad Credit
Student Loans With Bad Credit
Student loans with bad credit are available in varying amounts for those looking to further their education. Depending on the situation, the borrower may qualify for financing to pay for some or all of their education. It is good news that people with a history of credit problems will still have the opportunity to qualify for money to pay for their education. However, this type of financing will have a higher interest rate for borrowers who have less than perfect payment histories. This is to protect the lender as people with bad repayment histories are considered to be a high risk. Any lender could offer a student loan with bad credit, but there are certain ones who specialize in this area and it would be a great advantage to have someone experienced in this area to help.
Many high school students' only hope for college is through financial aid. Higher education is very important and should not be reserved for only people who are wealthy. Anyone who is dedicated to pursuing an education in order to obtain a great career should be given the chance to do so and should have access to a student loan with bad credit. Many young people need financial assistance because they often get into debt and are not able to pay all of their monthly minimum payments. Living is learning and they should be allowed the chance to recover from mistakes and qualify for assistance so that they can pursue a career and become a productive member of society.
There are many different options to choose from and some lenders will allow payments to be deferred on the principal until graduation. Others will not require payment at all on the student loan with bad credit until the student finishes college and obtains a job. An alternative to applying for student loans with bad credit on your own is to have parents or someone else who has good payment history to sign as the co-borrower.
It is possible for parents to be the borrower on the student loan providing that their credit score is good. This will lower the rate of interest that will have to be paid. Making the payments each month on time can improve credit standing before the student tries to obtain the financing themselves. And remember to, "Honor thy father and mother; which is the first commandment with promise; that it may be well with thee and thou mayest live long on the earth." (Ephesians 6:2-3) Whatever route you choose, the bottom line is that student loans with bad credit are attainable.
Education Loans in India
Till some years back higher education and quality education was not affordable to some illustrious students because of the financial constraints. There was no any alternative but to jump in the job market prematurely. And this led to untimely end of budding talents and their forceful transformation into to the mediocrity. Scholarships were there, but those were so less in numbers that only luckier few could avail them. But now the scene has changed drastically. The boom in the banking sector has led to release of large amount of funds for education loans. Now, education loans are easily available from various banks in India and this change is encouraging more and more students to take up higher education despite their financial shortcomings.
Many nationalized banks have come up with various educational loan schemes that students can benefit from.
Even private banks are not lagging far behind. The wave of change could be well gauged from the amusing situation that immediately after the results announcements of CAT JEE or PMT/ IIT JEE, the representatives of the banks queue up for giving education loans to the successful candidate even with very flexible conditions. This scenario is certainly helping the illustrious students to pursue higher education and realize their dreams. Here, we have tried to list the name of banks and the details about various educational loans provided by them.
Please click on the name of the banks below to access the details of the education loans provided by them-
education loan :Other Options for Students with Bad Credit
Other Options for Students with Bad Credit
If you have bad credit, experts often recommend that you seek other forms of financial aid besides just loans. Since loans need to be paid back, they entail more financial responsibility, and therefore lenders may look more closely at your credit history. Other forms of financial aid, however, may be able to help you pay for your education without large cost. If you have good grades, apply for as many private, school, and employer scholarships, grants and bursaries as you can. Speak to your financial aid office about work-study programs, part-time jobs, scholarships, and other ways of paying for your education that do not involve loans.
Some students also find that working part time or relying on savings can help them reduce the amount of loan they need to carry. By finding other sources of financial aid, you can reduce the amount you'll pay on your student debt. Even if you need to take out bad credit education loans, taking up the smallest loans possible will help ensure that you do not overspend on interest.
Bad credit education loans give anyone -- regardless of credit history -- a chance to pursue a quality education. If your credit history is too short or is imperfect, a bad credit education loan can give you the money you need to pursue higher education. After graduation, the chance to get a quality, high paying job can make your higher interest loan well worth it.
Walden University - Ph.D. in Psychology - Clinical Psychology
The Clinical Psychology specialization prepares you to practice as a licensed psychologist in health care settings, community mental health centers, group practice settings, inpatient psychiatric settings and private practice. Clinical psychologists promote psychological well-being, engage in prevention and early intervention of psychological difficulties and provide treatment to clients experiencing severe psychopathology.
Psychology Note on Licensure
The Clinical Psychology, Counseling Psychology, and School Psychology specializations are designed to prepare graduates to qualify to sit for psychology licensing exams. These specializations are designed to meet the academic licensure requirements of most state psychology boards. Walden University licensure specializations in psychology are not accredited by the American Psychological Association, which is a requirement for licensure in some states. Because no graduate psychology program can guarantee licensure upon graduation, we encourage students to consult the appropriate agency to determine specific requirements.
For more information about Ph.D. in Psychology specialization licensure and for licensing boards contact information, visit the Association of State and Provincial Psychology Boards . For any of these programs or specializations, you should also contact your appropriate licensing body. International students are encouraged to identify and contact their appropriate licensing body.
PROGRAMME DESCRIPTION FOR THE PhD PROGRAMME IN PSYCHOLOGY 2008/2009
PhD in Psychology
PROGRAMME DESCRIPTION FOR THE PhD PROGRAMME IN PSYCHOLOGY 2008/2009
The programme description is founded on the Regulations concerning the philosophiae doctor degree (PhD) at the Norwegian University of Science and Technology (NTNU), passed by the Board of NTNU on 22 May 2003. The programme description for the PhD Programme in Psychology for the 2007/2008 academic year, was authorized by the Dean of the Faculty of Social Sciences and Technology Management on 29 January 2007. The programme description is prolonged without any changes for the academic year 2008/2009.
The PhD Regulations as well as internal faculty procedures and administrative guidelines that are common to the Faculty's study Programmes - see the left column.
DESCRIPTION OF THE PROGRAMME (§ 2 in Regulations)
The PhD Programme in Psychology is prescribed as 180 credits (3 years). The final course plan for the PhD Programme is to be shaped in joint consultation between candidate, supervisor and Department depending on the thesis area of research and the candidate's individual requirements and wishes.
Objective for the PhD Programme in Psychology
The PhD Programme offered by the Department of Psychology aims to provide academic support and supervision in the candidate's thesis work so to qualify for research activity or other work that requires an advanced degree of academic insight. The Programme aims to provide a basis for an independent, critical and mature perception of one's own and others' research through studying theoretical and methodical subject areas, as well as providing practice in communicating research results in academic- and other forums.
Areas of research
The Department of Psychology offers teaching with the aim of providing insight into theories and methods that are necessary when working on the thesis. The Department of Psychology offers both courses that are supervised, with individual curricula that are affiliated to theory or method, and are more concrete, emphasising quantitative/qualitative methods of research. In addition, a theoretical advanced course in “Risk Perception and Risk Management” is offered. The courses offered with individual curricula vary thematically, with the subject matters dealt with in each individual doctoral thesis.
ADMISSION (§ 5 in Regulations)
The primary requirement for admission is that the applicant holds a cand.psychol., cand.polit./ Master's degree in Psychology or equivalent. The applicant must have a weighed average grade of cand.polit./Master's degree or equivalent education with a grade of B or higher, in accordance with NTNU's grading system (§ 5 Regulations). Applicants who are unable to meet these criteria may only be admitted if they can document that they are suitable candidates for education leading to a PhD degree. In special cases, applicants with backgrounds other than a Master's degree or equivalent in Psychology may be admitted to the PhD Programme. Relevant education for the PhD-programme is required, and the project must undoubtedly belong to the psychological field and have psychological addressed problems.
Application requirements
Applications for admission are to be made on the application form. Application requirements are stated in Regulations concerning the philosophiae doctor degree (PhD) at the Norwegian University of Science and Technology (NTNU). The PhD plan, including the project description in the application, is to be composed in consultation with the proposed supervisor.
Admission procedure
The Faculty considers applications for admission based on the recommendation of the Department. Procedures for admission and the follow-up of incomplete applications - see "Admission ".
Decision of admission
A decision concerning admission, the possible ranking of applicants, is based on a joint assessment of the quality of the application, with emphasis on the project description. The Department's expertise and supervision capacity will also be considered. Admission will be formalised by a written contract in accordance with § 6 of the Regulations concerning the philosophiae doctor degree (PhD) at the Norwegian University of Science and Technology (NTNU).
PhD PLAN (§ 5.2 in Regulations)
The project description is to give an account of which issues are being considered, approaches to problems, method and relevant theory. The description of the research project is normally to be between 5 and 10 pages.
FUNDING PLAN (§ 5.2 in Regulations)
For applicants who are not fully funded through scholarship schemes, it is normally required that 50 % of working hours during participation in the PhD Programme can be used for study, and that a minimum of 1 year can be allocated to full time studies.
SUPERVISION (§§ 5.2 and 8 in Regulations)
Work on the PhD thesis constitutes active research under supervision. The supervisor's total use of time supervising is stipulated to 210 worker-hours for the entire period. This is equivalent to approx. 70 worker-hours per year for 3 years. In addition to the contract period stated between candidate and supervisor, this includes preparation, reading, complementary work etc. If a supplementary supervisor is appointed, the number of worker-hours must be divided between the principal and supplementary supervisor. Supervision connected to the organized academic course work of the PhD Programme (10 hours per course), is in addition to supervision (210 worker-hours) which is tied directly to the PhD thesis.
Candidate and supervisor(s) have a joint responsibility in seeing that the use of respondents and subjects, possible animal models, as well as the collecting, storing and presentation of data, is carried out in accordance with existing laws and research ethical guidelines.
Procedures for the appointment and changing of supervisor (s) - see "Supervision".
RESIDENCY REQUIREMENT (§§ 5.2 and 7.2 in Regulations)
A plan for the meeting of residency requirements is to be presented in the application and in the agreement on supervision. In certain instances, the Department may grant dispensation from the residency requirements.
ACADEMIC DISSEMINATION (§§ 2, 4 and 5.2 in Regulations)
The candidate has a number of choices concerning academic dissemination:
Academic presentation at scientific congress
Popular scientific dissemination
The candidate teaches 8-10 hours under supervision
The approving of documented, academic dissemination is done by the Department based on the supervisor's recommendation.
REPORTING (§ 9 in Regulations)
The candidate and supervisor are to deliver separate annual reports on progress, in accordance with § 9 of Regulations concerning the philosophiae doctor degree (PhD) at the Norwegian University of Science and Technology (NTNU). Procedures for submission and processing of candidate and supervisor reports - see "Reporting ".
ORGANIZED ACADEMIC COURSE WORK (§ 7.3 in Regulations)
Objective of the organized academic course work
The main aim of the organized academic course work is to provide insight into theories and metho¬dologies that complement the work with the thesis and contribute to the general training requirements for the candidates' future endeavours. The Department of Psychology offers courses of 20 credits. The candidates may then choose between three specialized courses (each 10 credits) in the field of research method, and to courses (each 10 credits) in the field of psychological theory. For schooling in the Theory of Science, (minimum 7,5 credits), candidates are referred to the Faculty's remaining courses. This course may be followed at other faculties or universities.
Structure and implementation
The candidate is to state in her/his application, a plan for the organized academic course work in consultation with the supervisor (s). It is recommended that the organized academic course work is completed at an early stage of the Programme. The candidate is responsible for signing up for evaluation in subjects within the given deadlines. External courses/subjects that are to be a part of the organized academic course work must be approved by the Department. For procedures concerning the signing up for courses and approving of external courses/subjects - see "Organized academic training ".
The organized academic course work has a prescribed duration of 1 semester's full time work, i.e. 30 credits, and must be completed when the thesis is handed in for assessment. The organized academic course work consists of three elements:
Theory of Science, minimum 7,5 credits
Methodical courses, 10 credits
Theoretical/substantial courses, 10 credits
The main aim of the PhD Programme in Psychology is to offer active research under supervision, as well as providing thorough training in advanced research methods and a choice of theoretical specialised courses.
Two courses are offered with individually selected syllabus; one course within theoretical training (PSY8000) and one in research method (PSY8001). The courses are to a great extent open for adjustment to individual problems. Each course includes 10 hours of academic advice, including time for preparations and complementary work, and shall include the following elements:
Approved individual study syllabus (ca. 400 pages)
Completed supervision- 10 hours for each of the courses (theory and method), individually or in a group with candidates working with the same topics
The candidate is to hand in a written piece of work which accounts for the approaches to problems discussed between the supervisor and candidate. Form, scope and level of the written assignment are described in separate guidelines
The candidate is to make a presentation of the written assignment in a PhD forum during participation in the Programme.
Registration for PSY8000 and PSY8001 is done via Stud web, but requires in addition that the PhD candidate personally establishes contact with a potential academic supervisor. An agreement will be made between the candidate and the supervisor on a separate form which is available from the Department of Psychology.
Apart from this, the Department of Psychology offers three additional courses for PhD candidates. A minimum of five registered candidates is required for these courses to be taught (PSY8002, PSY8003 and PSY8004).
PSY8002, Risk Perception and Risk Communication
The aim of the course is to provide a solid theoretical basis for work in the field of risk perception and risk communication. Lectures and seminars will cover chosen parts of the history of the subject, as well as dealing with relevant literature. The focus will be on psychology's contribution to the research area, but important articles and work with background material from other research areas will also be included.
PSY8003, Multivariate Research Methods
The aim of the course is to educate participants in multivariate statistical methods that are utilized in experimental/non-experimental research. The course provides a general presentation of the most common statistical research methods, but is also followed up by more specific, advanced statistical methods and practices.
PSY8004, Qualitative Research Methods
The course aims to provide doctoral candidates with a deeper understanding of important dimensions by completing various qualitative doctoral projects. Both structured and semi-structured research designs will be discussed, emphasising the relationship between text as data, the structuring of text and analytical approximations. The course provides a short specialization of the scientific theoretical rationale (legitimisation) for qualitative approximations, and continues with focus on more specified advances qualitative methods and practices. The course will be problem based, where the participants work together in groups with problems connected to the various topics that are to be presented.
Furthermore, schooling in scientific theory is a mandatory part of PhD training at NTNU. If the candidate wishes additional training in methodology and theory, she/he may attend courses that at any given time are offered at NTNU and other institutions, and that are approved as PhD courses. Contact the Department for further information concerning courses in psychology offered at other universities in Norway. In general, external courses approved after application to the Department and in accordance to the Faculty's guidelines, can be used as part of one or more components of the organized academic course work Programme.
Ph.D. in Psychology: Online Psychology Doctorate Degree Programs
Seneca said that a great mind is a great fortune. Earn your doctorate in psychology, study the human mind and human behavior, and you can help others improve their minds and their fortunes. If you want to embark on your PhD in psychology while keeping your schedule flexible and your commute minimal, consider enrolling in a PhD program at one of the accredited colleges and universities offering degrees online.
doctorate in psychology includes both practical and theoretical study. A typical psychology curriculum includes courses in the history of ideas in psychology, human development, and theories of personality, social psychology, cognitive psychology, quantitative research, and courses specific to your area of interest. Specialties include clinical psychology, counseling psychology, school psychology, industrial-organizational psychology, developmental psychology, social psychology, or research psychology.
According to the U.S. Bureau of Labor Statistics (BLS), four out of 10 psychologists are self-employed, compared with one out of 10 for all other fields. If you prefer the security of a steady paycheck, however, a doctorate in psychology still bodes well. Overall, employment of those working in the field of psychology is expected to grow faster than average, with an average salary of $54, 950. Of course, no degree program can guarantee an income or a position to graduates. However, most employers of psychologists require job candidates to have accredited degrees and certificates.
Tuesday, June 10, 2008
Harvard University Postdoctoral Position
Measurement of Atmospheric Gases using Airborne Laser SpectrometersA postdoctoral job opportunity is available for a recent or soon-to-be PhD in Physics, Chemistry, Biology, or Engineering or related concentrations. Our group measures trace gas concentrations in the atmosphere using advanced solid-state laser spectrometers engineered for aircraft applications, as part of a broad program of research aimed at understanding the processes that affect climatically important trace gases in the atmosphere. The position is particularly suited for a person with experience and skills involving solid state lasers and laser spectrometers, who wishes to transition from physics or engineering to a career in demanding sensor design, measurements in the atmosphere, and scientific application of those measurements to problems of societal interest.
The successful applicant will take part in development of new instrumentation, field work, data analysis, and scientific synthesis. Persons with strong scientific skills and motivation, but who do not have specifically relevant experience, should not hesitate to apply. We are engaged in interdisciplinary science and expect to train new personnel extensively for work in new areas.
Harvard University is an equal opportunity/affirmative action employer.
Contact address Professor Steven C. Wofsy
School of Engineering and Applied Sciences
Harvard University
29 Oxford Street, Cambridge MA 02138
USA
Email Steven_Wofsy@harvard.edu
Monday, June 9, 2008
Universities in UK ,English
University of Aberdeen
Abertay University, Dundee
Anglia Polytechnic University, Chelmsford
Anglia Polytechnic University, Cambridge
Aston University, Birmingham
The University of Bath
Birmingham University
Bournemouth University
Bradford University
University of Brighton
Bristol University
Brunel University, Uxbridge, West London
University of Buckingham
University of Cambridge
University of Central England , Birmingham
University of Central Lancashire , Preston
City University, Central London
Coventry University
Cranfield University
Derby University
University of Dundee
Durham University
University of East Anglia , Norwich
University of East London
Edinburgh University
University of Essex , Colchester
Exeter University
Glasgow Caledonian University
University of Glamoragn , Pontypridd
Glasgow University
University of Greenwich , London
London Guildhall University
Heriot Watt University, Edinburgh
University of Hertfordshire , Hatfield
Huddersfield University
University of Hull
The University of the Highlands and Islands Project, Inverness
Keele University, Staffordshire
University of Kent , Canterbury
Kingston University, South West London
Lancaster University
University of Leeds
Leeds Metropolitan University
University of Leicester
De Montfort University , Leicester
De Montfort University , Bedford
De Montfort University , Lincoln
De Montfort University , Milton-Keynes
University of Lincolnshire and Humberside , Lincoln
University of Lincolnshire and Humberside , Hull
Liverpool University
Liverpool John Moores University
University of London Colleges, Schools, Institutes and Teaching Hospitals University of London
University of London St.Bartholomew's and the Royal London School of Medicine and Dentistry
University of London Birkbeck College
University of London Goldsmiths College
University of London Charing Cross & Westminster Medical School
University of London Heythrop College
University of London Imperial College of Science, Technology and Medicine
University of London King's College
Courtauld Institute of Art, London
University of London Queen Mary and Westfield College
University of London Royal Holloway
University of London University College
University of London Imperial College at Wye , [London Link]
University of London Imperial College at Wye , [Kent Link]
University of London Eastman Dental Institute
Institute of Child Health , London
University of London Institute of Cancer Research
Institute of Neurology , London
University of London Institute of Education
University of London Institute of Psychiatry
University of London Royal College of Physicians
The Royal College of Music , London
University of London School of Advanced Studies
University of London St. George's Hospital Medical School , London SW17
University of London, London Business School
University of London School of Economics and Political Science
School of Pharmacy , London
University of London Royal Free Hospital School of Medicine
University of London Royal Postgraduate Medical School
University of London School of Hygiene and Tropical Medicine
University of London School of Oriental and African Studies
University of London School of Slavonic and East European Studies
University of London United Medical and Dental Schools
Loughborough University
University of Luton
Manchester Metropolitan University
Manchester Metropolitan University, Crewe
University of Manchester University of Manchester
Manchester Business School
University of Manchester Institute of Science and Technology , (UMIST)
Middlesex University, West London
Napier University, Edinburgh
Newcastle University
University of Northumbria , Newcastle
University of Northumbria , Carlisle
University of North London
Nottingham University
Nottingham Trent University
The Open University , Milton Keynes
Oxford University
Oxford Brookes University
Paisley University
Plymouth University
The University of Portsmouth
Queen's University of Belfast
Queen's University Belfast
St.Mary's University College, Belfast
Stranmillis University College, Belfast
Reading University
Robert Gordon University, Aberdeen
St.Andrews University
University of Salford
The University of Sheffield
Sheffield Hallam University
University of Southampton
South Bank University, London
Staffordshire University
Stirling University
The University of Strathclyde , Glasgow
Sunderland University
University of Surrey , Guildford
Sussex University, Brighton
University of Teesside
Thames Valley University, Slough
University of Ulster
University of Wales
Univerity of Wales
University of Wales Aberystwyth
University of Wales Bangor
University of Wales Cardiff
University of Wales College of Medicine Cardiff
University of Wales Lampeter
University of Wales College Newport
University of Wales Swansea
University of Wales Institute , Cardiff
University of Warwick
University of the West of England , Bristol
University of Westminster , London
University of Wolverhampton
University of York
PhD Students on the Job Market, 2008-2009
Managerial Economics and Strategy PhD Program
This program is offered jointly by the departments of Managerial Economics & Decision Sciences (MEDS) and Management & Strategy (M&S).
Our faculty often also advises student from Northwestern University's Department of Economics. Click here for a listing of the job market candidates from the Department of Economics.
Graduate Placement Contacts:
For information on our graduate students seeking jobs, please contact:
Prof. Aviv Nevo
Department of Economics, Northwestern University
Director of Graduate Placement
Tel: 847-491-8212
Email Prof. Thomas Hubbard
Management and Strategy Department, Kellogg School of Management
Ph.D. Program Coordinator
Tel: 847-467-6598
Email Prof. James Schummer
Managerial Economics and Decision Sciences Department, Kellogg School of Management
Ph.D. Program Coordinator
Tel: 847-491-5151
2008-2009 Robarts Library Carrels for TST ThD and PhD Students
To be eligible for a carrel, it is necessary that an applicant
• be a full-time ThD or PhD student at TST
• be in the comprehensive stage or later
• be making timely progress
• have no access to suitable study space at their own college.
Carrels will be assigned either as single occupancy or as shared. Students can apply for one or the other, though to be eligible for a shared carrel students need to find a potential carrel partner ahead of time and indicate this person’s name when they apply to TST. The ten available carrels will be designated as shared or single occupancy in proportion to the number of applications in each category (i.e., those who apply for a shared carrel each count as one, which means that the chances are greater for a shared carrel than for a single). Assignments in each category will be made by lottery.
If you would like to be considered for a carrel assignment, you must both fill out the online application on the Robarts Library website ( Library Service, For Students, Carrels and Lockers) and apply via email to the TST Student Services Office by August 29, 2008 (tstadv.degree@utoronto.ca). In your email, please provide the following information:
• name, telephone number and email address
• college, program, year of study and stage in program
• whether you are applying for single occupancy or shared, and, if shared, the name of your potential carrel partner (NOTE: your name should be indicated on your partner’s application as well)
• whether you have applied for study space at your college
Bank Foreclosures Hurt Real Estate Market
The final quarter of 2007 was a bleak one in the housing market, as foreclosures and delinquency rates reached record highs. The fourth quarter, from October to December, found foreclosures rising to 0.83 percent, passing the previous high of 0.78 percent set in 2007’s third quarter, adding to the economic woes the U.S. is suffering, mostly onset from problems arising in the housing sector.
The data, from the Mortgage Bankers Association’s quarterly report released this month, said that the delinquency rate — the rate of those more than 30 days past due on their latest mortgage payment — also climbed to a record high of 5.82 percent in the fourth quarter, up from 5.59 in the third quarter to reach the highest point since 1985.
The subprime mortgage mess continued to snowball, as the percentage of adjustable-rate mortgages entering foreclosure rose to 5.29 percent in the fourth quarter, and delinquencies rose to record-high 20.02 percent among subprime borrowers, up from 18.81 the previous quarter.
The MBA information includes data on 46 million home loans across the country, and suggests that the U.S., which many say is teetering on the brink of the first recession since 2001, is headed in that direction. The continuing wave of foreclosures will only add to the woes in the real estate market, as banks and lenders overtake the homes that delinquent borrowers are forced from, adding to the already large supply of houses on the market.
As the glut of homes continues to rise and the price values of homes continue to fall, the domino effect takes shape, as builders hold off on constructing new homes, driving down the amount of materials they buy. With the shape the market is in, it’s also difficult for those looking for homes to get approved for the financing to get a new house, as lenders have pulled back and become more choosy about whom they’ll lend to. The Federal Reserve’s chairman, Ben Bernanke, has warned that the country may not have seen the worst of the mess yet, and cautions that the number of foreclosures and late payments could yet rise again.
Home equity can finance college
The motto for the University of California is Fiat lux, Latin for "Let there be light."
A lovely sentiment, but most parents of college-bound students have another, more practical wish: Fiat pecunia, or "Let there be cash."
The average cost of college tuition, room and board now hovers around $22,000 a year, according to the College Board. Even state schools average $10,000 a year, while the annual price tag for an Ivy League school can easily top $30,000.
There are, of course, numerous sources of financial aid for college-bound students. But many upper-middle-class parents find themselves in a gray zone: too wealthy to qualify for financial aid but not flush enough to bankroll four years of college. Baby boomers who haven't saved enough money for college are sometimes forced to dip into their retirement savings or borrow from their 401(k) plans.
Fortunately, there are other sources of cash for college that won't jeopardize your golden years. One is as close as your front door: a home-equity line of credit.
Homeowners have long used home-equity loans and lines of credit to pay for a new roof or bigger kitchen. But depending on your circumstances, a home-equity line of credit could also help you pay for college. Some advantages:
Lower rates. Home-equity loans and lines of credit are secured loans because your house is collateral for the loan. For that reason, the interest rate on a home-equity loan may be lower than rates for an unsecured student loan.
Home-equity rates are typically tied to the prime rate, which is the interest rate banks charge their best corporate customers. Now, lenders are offering home-equity lines of credit for less than 1 percentage point above the prime rate. The prime currently stands at 7.75%. The average rate on a home-equity line of credit is 8.68%, according to HSH Associates, a mortgage consulting firm.
In addition to traditional lenders, some colleges offer their own home-equity loan programs, often at competitive rates, says Kalman Chany, author of Paying for College Without Going Broke.
Less equity, more aid. Most state schools exclude the value of your home when calculating your eligibility for financial aid. But many private college financial aid offices count equity in your home as an asset in determining your net worth. When you borrow against your home, you reduce your equity, improving your chances for private-school aid.
More flexibility. With a home-equity loan, you typically get a specific amount of money, usually at a fixed interest rate. A home-equity line of credit works more like a credit card: You can borrow money when you need it, up to a set limit. That makes it a convenient way to pay . If your child wins a scholarship after the first semester, you can leave the loan alone.
Lower taxes. Unlike most other types of loans, home-equity loans and lines of credit are usually tax-deductible.
Peggy Ruhlin, a financial planner in Columbus, Ohio, says some of her clients are using home-equity loans for college costs even though they have enough in their investment portfolios to cover tuition. That way, she says, they can continue to earn money on their stocks and mutual funds. And by holding on to their investments instead of selling them, they avoid paying capital gains taxes.
When not to borrow
Don't even think of borrowing against your house until you've explored other sources of financial aid. If your child qualifies for a Stafford or Perkins loan, take advantage of those federally subsidized programs first, Chany says. Interest on Stafford and Perkins loans is deferred until your child finishes college, making them much more attractive than home-equity lines of credit, he says.
In addition, talk to your child's school about its student loan programs. Some student loans are available at more attractive interest rates than home-equity loans, Chany says.
If those alternatives prove unsatisfying, be aware of the pitfalls of a home-equity line of credit:
Like a credit card with a big limit, a home-equity line can tempt you to borrow more than you can afford to repay. If that happens, you could lose your home.
The interest rate on your home-equity line of credit could rise.
Because the rates are tied to the prime, an increase in that benchmark will boost the cost of the loan. Many economists think the Federal Reserve will raise rates later this year, which could cause banks to raise the prime.
If you're worried about rising rates, Ruhlin suggests another alternative: Refinance your home, take some cash out and use the money to pay for college.
There are a couple of advantages to this strategy, she says. Mortgage rates are lower than home-equity lines of credit, so you'll pay less for the money you borrow. If you refinance with a fixed-rate mortgage, you won't be affected by rising interest rates. And if you later find you won't need all the money, you can refinance again, pay down part of the mortgage and reduce your monthly payment.
to use home equity to pay for college
how to use home equity to pay for college?
Home Equity / Lines of Credit
If parents are willing to help but don't have the resources available, a Home Equity Loan or Line of Credit may be an option. Home Equity Loans have become more attractive for families in an income bracket that is beyond the interest deductions established for the PLUS loan.
A Home Equity Loan is a lump sum one-time payment.
A Home Equity Line of Credit allows families to borrow what they need when they need it, with a cap that may not be exceeded.
Interest on most home equity loans is fully tax-deductible, as opposed to other types of consumer debt.
The income tax deduction cap for home equity debt is $100,000 beyond the original mortgage loan.
Most borrowers who intend to use the funds for college education, choose the line of credit. A line of credit allows more flexibility and delays the cost until it is necessary. Most lines of credit are typically divided into two phases. The "draw" period, when a parent can borrow as needed, and a repayment period.
Today it is best to shop around. Lenders are competing for business and offer many perks. Some lines of credit may offer interest-only payments for a number of years, zero closing costs, or the option of switching from a variable to a fixed interest rate if the prime rate increases.
Federal Trade Commission (FTC) Warnings
As home equity becomes a more popular tool for financing college costs, more and more consumers are falling victim to lending fraud. The FTC has put out the following guidelines for identifying parents who may be the victim of fraud. Some of the warning signs include:
if a family isn't sure if they have a loan or a line of credit;
if the family says they were told to borrow more than they wanted to;
if they don't know how they'll make the high monthly payments; or
they don't know the terms of their loan because either they signed blank forms, or were refused a copy of the documents they signed.
Target populations for this type of fraud include:
older parents;
low income families who own their own home; and
parents with adverse credit who haven't been able to get other consumer products.
The Bad Credit Mobile Home Loans
Acquiring a mobile home loan is a possibility today even for people with bad or blemished credit scores. Though a few lending institutions prefer to work only with people with established credit, there are several institutions willing to lend to people with bad credit.
The first question asked by the lender when approached for a mobile home loan is about the credit score. A credit score of less than 620 often finds problems in acquiring a mobile home loan. A loan might still be given, but the interest charged may be higher. The worse the credit, the higher the interest charged on the loan. Making a down payment reduces the monthly payments in interest. However, missing a payment or paying less than the due payments will lead to a serious balloon payment at the end of the term.
One way of getting a bad credit loan is to go in for a home equity loan. Lenders check three main areas before processing the loan – capacity (whether the borrower will be able to keep up the payments), credit (what is the borrower’s credit score) and collateral (what is the value of the loan). An equity loan takes care of the third factor. The lender may hold rights to the deeds of the mobile home property until the loan is paid off. This reduces the risk to the lender.
People having histories of bankruptcies or delinquencies behind them are considered in the bad credit category. There may also be people who are rendered financially incapable due to physical redundancy. People who have no visible sources of income, due to divorce or unemployment, are included as bad credit people. There is a special type of loan for bad credit, which is called a sub-prime loan. A sub-prime loan is given against the property itself as the collateral, more like an equity loan. They are given at interest rates higher than normal loans.
Today there are several lenders willing to lend to people with bad credit. The entire lending process is a question of perspective. It is dependent on the way the lender visualizes the capacity of the borrower. Hence, if a particular lender refuses the loan, one can shop around. This is applicable even if one wishes to hunt for lenders offering lower rates of interest. It is advisable to get at least three different quotes before deciding on a suitable lender.
Bad Credit Mobile Home Loans
By Ross Bainbridge
Mobile Home Loans provides detailed information on Mobile Home Loans, Bad Credit Mobile Home Loans, Mobile Home Equity Loans, Mobile Home Refinancing Loans and more. Mobile Home Loans is affiliated with RV Loan Calculator. Mobile Home Loans,
Article Source: http://EzineArticles.com/?expert=Ross_Bainbridge
citibank student loans:Ch 7 Student Loan Question
Question:
If a person was a co-maker in a student loan ( not the student ) and they filed for Chapter 7, included the student loan debt and recieved a discharge, is the "student" still 100% liable for the loan
Answer:
You guys and this student loan stuff need to clarify the type of student loan. These so called private credit based education loans as they are called are nothing more than a commercial consumer loan that is dischargeable. - Yes. Moreover, unless the court discharged the student loan in a separate - proceeding to determine the dischargeability of the student loan the Maker - is also still liable. The basic discharge does not reach the student loan - obligation. - You guys and this student loan stuff need to clarify the type of student - loan. These so called private credit based education loans as they are - called are nothing more than a commercial consumer loan that is - dischargeable. I try to be fairly complete in my replies, but in this instance I didn't see anything that would lead me to believe that the OP's question was related to anything but a "student loan." How could you tell the OP was asking about a loan not covered by 523(a)(8)? (a)
discharge under section 727, 1141, 1228(a), 1228(b), or
1328(b) of this title does not discharge an individual debtor from
any debt - *** (8)
for an educational benefit overpayment or loan made, insured or guaranteed by a governmental unit, or made under any program funded in whole or in part by a governmental unit or nonprofit institution, or for an obligation to repay funds received as an educational benefit, scholarship or stipend, unless - Because there needs to be a clarification on just exactly what constitutes a student loan. They are not all the same. In Iowa for example it is written right into the law that credit based private student loans are a consumer loan. I don't know what kind of loan is being discussed here either but they shouldn't be painted with the broad brush that ALL student loans are not dischargeable. Wells Fargo tried that with me and lost in two venues because they were these credit based private education loans. Bankruptcy court and state court both refused their claims.This was one of those citi-ist student loans by citibank, the college was - a private college .any change there? Although the rules may vary a bit depending upon where you reside, you'd at least need to know whether a governmental or nonprofit agency was instrumental to the availability of the loan in question. To illustrate: Northwest Bank is/was a for-profit entity, but its involvement in student loan funding is/was part of a complex multiparty agreement that included at least partial funding from nonprofit institutions. In the 9th Circuit, this partial nonprofit funding was held to be sufficient to bring Law Access program loans under the exception from discharged articulated in 11 U.S.C. 523(a)(8).
Citibank Student Loans
Interest Rate Calculation:
Prime plus .5% (variable rate loan)
Cosigner Requirements:
Creditworthy cosigner required.
Loan Fees:
No fee
Minimum Loan:
None
Maximum Loan:
Cost minus aid
Eligibility:
Creditworthy applicant
Must be half-time
Can be non-degree
Repayment Terms:
6-month grace period after graduation or leaving school
Interest only option for first 24 months of repayment term
Special Features:
Capitalization once at repayment
Cosigner release option
Can be used for year-old balance
Interest reduction of .25% for direct debit of payments
Interest reduction of .5%for 48 consecutive, initial monthly payments
CitiAssist ® Loan :Student loan
private CitiAssist® Loan can help cover unexpected student expenses – from tuition to books. You make no payments while you are in school and you can get competitive interest rates:¹
• Low variable interest rates .
• Interest rate reductions of up to 0.75%
• Fees as low as 0.00%
• A creditworthy co-signer can improve the likelihood of approval and potentially lower your interest rate
Best of all, we work with your school to help you borrow only what you need so your payments are more manageable later.
Apply online today! It's quick and easy, and you get a credit response in three minutes or less.²
To learn more, call 1-800-STUDENT, Monday through Friday from
8:00 a.m. to 11:00 p.m.
¹For CitiAssist Loans, the interest rate and fees charged are based on the applicants' credit scores. Interest rate reductions of up to 0.75% include a 0.50% interest rate reduction when the first 48 consecutive monthly payments are posted to your account by the due date and a 0.25% interest rate reduction when a borrower enrolls in our auto-debit payment program and agrees to only receive electronic statements. Co-signers may be released from a loan if the borrower has made the first 24 consecutive monthly payments by the due date, is creditworthy and is a U.S. citizen or permanent resident at the time the release is requested. To retain the borrower benefits and avoid late fees you must make and have your payments posted to your account no later than the scheduled due date. Any payment posted after the due date will result in the termination of such benefit. Interest rate reductions do not apply during periods of deferment and/or forbearance and automatically terminate for payments returned for insufficient funds, or upon loan delinquency or default.
You may apply for a loan on your own. However, if you do not have an established credit history you may apply with a qualified co-signer to potentially receive a lower interest rate. The interest rate and fees charged are based on the applicants' credit scores. International borrowers must always apply with a U.S. citizen or permanent resident co-signer.
We reserve the right to modify or discontinue benefit programs at any time without notice. Any termination or modification of the program will
not affect the terms of loans previously made. Specific terms and conditions apply, visit studentloan.com or call us at 1-800-967-2400.
²Borrowers may apply online at any time. The three-minute credit response is for applications submitted Monday to Friday from
7:00 a.m. to 11:00 p.m. E.T. Additional documentation and data verification may be requested for loan approval.
Private student loans are originated by Citibank, N.A. and assigned to The Student Loan Corporation.
CitiAssist ® Loan
form
The Student Loan Corporation
CitiAssist Loans – Understanding Citibank Student Loans
Most of the larger banks and some of the smaller private lending institutions offer various forms and options of both federal and private student loans. Citibank student loans are available under the CitiAssist Loan program, which provides a wide range of student loans for undergraduate, graduate, law and health professions and residency loans. Each of these Citibank student loans is designed to provide funding to students in different types of academic settings with qualifying requirements and either a co-signer or a good, solid credit score.
Understanding the different options with Citibank student loans requires both a good understanding of your future academic and career goals as well as a knowledge of you projected current and future income for setting realistic repayment options and deferment dates for the loan. The different Citibank student loans include:
Undergraduate loans – to qualify for an undergraduate loan the student must be eligible for enrollment at least part-time at a fully accredited college or university as well as be at least 18 years of age and have a United States citizen as a co-signer if necessary. The co-signer as well as the student must have a valid US social security number. There are no minimum loan amounts and no maximum loan amounts, although the school will provide the cost of tuition, then any other financial aid already granted will be subtracted, leaving the total maximum amount of the loan.
• Graduate Loans – graduate Citibank student loans have the same requirements as the undergraduate loans as well as the same freedom of minimum and maximum amounts to borrow. Since many graduate students will already have established a credit rating and score a co-signer is less common on a graduate loan. The loan payments do not start until 6 months from graduation provided you are still enrolled as at least a part-time student.
• Law and Bar Study Loans – these loans are designed specifically for law students that are attending a fully accredited law school in the United States. There are some limits on these loans such as a lifetime $15,000 limit on the bar study loan option. In addition the grace period before the loan repayment starts is extended to 9 months.
• Health Professions and Residency – these loans are designed for students that are enrolled or are planning to enroll in any of the following courses of study: allopathic, dentistry, optometry, osteopathic, pharmacy, podiatry or veterinary. Residency students will need to be in at least their second year. There is also a nine month grace period for this loan option.
Choosing Citibank student loans offers flexibility and options that other lenders may not provide. Talking to a Citibank financial advisor can help in deciding which one of the loans most closely meets your educational finance needs.
CitiAssist Loans – Understanding Citibank Student Loans
By: Steven Schultz
Steven M Schultz lives in Loveland, Colorado USA. He is a restaurateur (The Hobnob Restaurant), a professional candy maker (Columbine Almond Toffee),
Sunday, June 8, 2008
Universities in France
American University of Paris
College de France
Ecole Centrale Paris
Ecole Centrale de Lyon
École Nationale Supérieure de Techniques Avancées
École Nationale Supérieure des Mines de Paris
Ecole Nationale Supérieure des Mines de St-Etienne
Ecole Nationale Superieure d'Electronique, d'Electrotechnique, d'Informatique et d'Hydraulique de Toulouse
Ecole Nationale Superieure d'Ingenieurs en Construction Aeronautique (ENSICA)
Ecole Nationale Superieure des telecomunnications de Paris (ENST)
Ecole Nationale de l'Aviation Civile (ENAC)
École Nationale des Telecommunications de Bretagne
École Normale Supérieure
Ecole Normale Supérieure de Lyon
École Polytechnique
École Supérieure D'Électricité
École Supérieure D'Ingénieur en Électronique et Électrotechnique
Ecole Supérieure en Sciences Informatiques
Ecole Superieure de Commerce de Paris
European Institute of Business Administration
Institut National de Physique Nucleaire et de Physique des Particules
Institut National des Sciences Appliquées de Lyon
Institut National des Sciences Appliquees de Toulouse
Institut National des T?l?communications
Institut Supérieure D'Electronique du Nord
Institut d'Informatique d'Entreprise
Institut des Mathematiques Appliquees de Grenoble
Strasbourg University
Université Paris IX Dauphine
Université d'Aix-Marseille III
Université d'Angers
Université de Caen
Université de Franche-Comté
Université de Marne la Vallée
Université de Provence
Université de Savoie
Université de la Méditerranée
Université des Sciences et Technologies de Lille
Universite Lumiere Lyon
Universite d'Orleans
Universite de Pau et des Pays de l'Adour
Universite de Technologie Compiegne
University of Picardie
University of Rennes 1
Nantes University
Education
Some peculiarities of the French higher education system may first surprise foreign students :
it does not only take place in but also sometimes in high schools (?lyc?es?) even after having obtained a Baccalaur?at (special courses preparing for specialized colleges, special technical sections - "STS"), and many engineering schools are small compared to their foreign equivalents (from 30 to 500 students per year).
French universities themselves normally don't select among candidates : the Baccalaur?at itself opens the doors to higher education.
Competition among students occurs for the entry into smaller colleges, like IUT (technical institutes), STS (special technical sections), CPGES (preparatory classes for engineering colleges), engineering schools. Competitive examinations are organized at the Baccalaur?at level, or two years thereafter when leaving preparatory classes (bac+2 level).
Types of Curricula/Degree
Short university-level technical curricula :
There are two large categories of short, two-or-three-year, technical programs :
Technical institutes (IUT) are semi-autonomous structures within universities, leading to a University Degree in Technology (DUT) ;
Special technical sections (STS) take place within certain high schools and lead to an equivalent degree, the Higher Technician Certificate (BTS).
These curricula last two years after the Baccalaur?at. As they are short and technology-oriented, they directly lead way to employment. The delivered degrees are valid at the national level. The students may pursue another year of studies in some particular area and get the National Specialized Technology Degree (DNTS).
Students may also pursue longer studies, for instance in Professional University Institutes (IUP) or engineering schools.
Scientific and technical programs within universities
Scientific university curricula are divided into three levels :
First level (two years), leading to the Non-Specialized Studies Degree (DEUG)
Second level (two years), leading to the Licence degree (bac+3level) and to the Ma?trise degree (bac+4 level)
Third level (up to five years), with the Doctoral Qualifying Degree (DEA) at the end of the first year, and the Doctoral Degree after approximately three more years of research activity (bac+8 level).
Universities deliver other more technically-oriented degrees :
at the bac+2 level : Non Specialized Scientific and Technical Studies Degree (DEUST) and University Degree (DU) ;
at the bac+4 level : Bachelor Degree in Science and Technics (MST),
Bachelor Degree in Corporate Computer Applications (MIAGE)
both requiring two years of study after a previous bac + 2 degree;
Professional University Institutes (IUP) which requires three years after a com petitive examination at the bac+level ;
at the bac+5 level :Magister Studies ( Magist?res) requiring three years after a bac+2 level, DESS requiring one year after a bac + 4 level ;
at the bac+6 level : Technical Research Degree (DRT) given to students having conducted tech nological research in close relation with a company.
All these curricula take place within universities and aim at providing specialists to industry.
Long technical studies : the engineering programs
There are a lot of engineering studies in France. They differ from one another on several grounds : program duration, kind of entrance examination, areas covered. Foreign students can't easily grasp a clear picture with such great amount of sometimes small schools. Common characteristic of these engineering schools : the engineering degree is at bac+5 level.
The classical model of the specifically French engineering education system includes two stages :
two years of preparatory classes (Classes Preparatoires aux Grandes Ecoles Scientifiques). Preparatory sections are part of same high schools. In these sections, students are being prepared to competitive examinations for entering Engineering Schools (Grandes Ecoles Scientifiques technically oriented). A few schools of education (Ecoles Normales Superieures, more scientifically oriented) also recruit that way.
three years of higher technical education within schools.
The better known engineering schools, some of which are 200 or more years old, follow this model.
However, in the last forty years, new engineering programs were developed :
some engineering curricula recruit students at the Baccalaur?at level (most of them without a special exam), and give them a 5-year training ;
others still recruit at the bac+2 level, but accept students who have already got a degree (DEUG,DUT or BTS) instead of organizing a competition for students coming from preparatory sections.
Most engineering schools take a few university graduates (bac+4) who then follow the last two years of engineering school with the other students.
Federal Perkins Loan Teacher Cancellation
You qualify for cancellation (discharge) of up to 100 percent of a Federal Perkins Loan if you have served full time in a public or nonprofit elementary or secondary school system as a
teacher in a school serving students from low-income families; or
special-education teacher, including teachers of infants, toddlers, children, or youth with disabilities; or
teacher in the fields of mathematics, science, foreign languages, or bilingual education, or in any other field of expertise determined by a state education agency to have a shortage of qualified teachers in that state.
Eligibility for teacher cancellation is based on the duties presented in an official position description, not on the position title. To receive a cancellation, you must be directly employed by the school system. There is no provision for canceling Perkins Loans for teaching in postsecondary schools.
Note that you also qualify for deferment while you’re performing teaching service that qualifies for cancellation. Contact the school that holds your loan for information on applying for deferment.
Definition of Teacher
A teacher is a person who provides students direct classroom teaching, or classroom-type teaching in a non-classroom setting, or educational services directly related to classroom teaching (for example, school librarian or guidance counselor).
It’s not necessary for you to be certified or licensed to receive cancellation benefits. However, your employing school must consider you to be a full-time professional for the purposes of salary, tenure, retirement benefits, etc. If you are a supervisor, administrator, researcher, or curriculum specialist, you are not considered a teacher unless you primarily provide direct and personal educational services to students.
Definition of Full Time for a Full Academic Year
You must teach full time for a full academic year or its equivalent. There is no requirement that you must teach a given number of hours a day to qualify as a full-time teacher; the employing school is responsible for making that decision.
An “academic year or its equivalent” for teacher cancellation purposes is defined as one complete school year or two half years that are (1) from different school years, excluding summer sessions; (2) complete, and (3) consecutive. The two half years also must generally fall within a 12-month period.
Teaching Part Time at Multiple Schools
You can receive cancellation if you are simultaneously teaching part time in two or more schools if an official at one of the schools where you taught certifies that you taught full time for a full academic year.
Teaching in a Private School
You may receive teacher cancellation for services performed in a private academy if the private academy has established its nonprofit status with the Internal Revenue Service (IRS), and if the academy is providing elementary and/or secondary education according to state law.
Teaching in a Preschool or Prekindergarten Program
You may receive teacher cancellation only if the state considers such a program to be a part of its elementary education program. A low-income-school-directory designation that includes prekindergarten or kindergarten does not suffice for a state determination of program eligibility.
Teaching in Low-Income Schools
A cancellation based on teaching in a school serving students from low-income families may be granted only if you taught in an eligible school as determined by the state education agency. To be considered a “low-income school,” the school must be in a school district that qualified for federal funds in the year for which the cancellation is sought. Also, more than 30 percent of the school’s enrollment must be made up of children from low-income families.
To find out if the school that employs you is classified as a low-income school, you can check our online database for the year(s) that you have been employed as a teacher. Questions about the inclusion or omission of a particular school should be directed to the state education agency contact in the state where the school is located, not to the U.S. Department of Education.
Low-Income School Search
The Secretary considers all elementary and secondary schools operated by the Bureau of Indian Affairs (BIA)--or operated on Indian reservations by Indian tribal groups under contract with BIA--to qualify as schools serving low-income students.
NOTE: If you have had a portion of your loan cancelled for teaching at a low-income elementary or secondary school in one year, you can continue to have portions of your loan cancelled for teaching at that school even if it is not listed as a low-income school in later years. Under certain circumstances, the institution that holds your Perkins Loan may permit retroactive cancellation if you can demonstrate that you qualified for cancellation in a prior year. However, the institution may not refund payments made during such a retroactive period.
Teaching in Special Education
You must have an official at the public or other nonprofit elementary or secondary school certify that you are teaching handicapped or learning disabled students, either on the Federal Perkins Loan postponement/cancellation form or on an official letter from the school bearing the school's seal or letterhead. For Perkins Loans made on or after July 23, 1992, this cancellation includes special education teachers.
If you provide one of the following services, you qualify as a teacher only if 1) you are licensed, certified, or registered by the appropriate state education agency for that area in which you are providing related special educational services, and 2) the services you provide are part of the educational curriculum for handicapped children:
speech and language pathology and audiology;
physical therapy;
occupational therapy;
psychological and counseling services; or
recreational therapy.
Teaching in a Designated Subject Shortage Area
This cancellation is based on full-time teaching if there is a shortage of teachers in your subject area. Each year the state education agency determines any subject shortage areas in the elementary and secondary schools within the state. Check with your local school system or state education agency to find out if your subject matter area has been so designated. If you teach full time in science, mathematics, foreign language, or bilingual education, you qualify for cancellation even if the state has not designated one of these subject areas as a shortage area.
For a borrower to be considered as teaching in a field of expertise, the majority of classes taught must be in that field of expertise.
