Are,Student,Loans,Still,Good,B education Are Student Loans Still a Good Bet?

Some forms of parent involvement with the school such as communications with school, volunteering, attending school events and parent--parent connections appeared to have little effect on student achievement, especially in high school. Helpi Translation jobs are undertaken by professional translators who are well versed with at least two languages.Translation can work at two levels: inter-state or regional language translation and inter-national or foreign language translation.

In the mid- and late-1960s, there was no doubtamong U.S. public policy makers that the federal government should beencouraging more citizens to attend and graduate from college. Bolstered by the success of the highly popularGI Bill, which paid collegeexpenses for military veterans, federal student loans were hailed as a “GI Billfor all Americans.” These low-interest loans allowed students from modest meansto attend college in numbers never before seen. The college graduation rate,which had hovered around 7 to 8 percent, steadily climbed to today’srate of nearly 30 percent. Backing the idea that higher education is nearlyuniversally better than entering the workforce straight out of high school werestatistics that showed that college graduates, on average, would benefit fromas much as $1 million more in lifetime earnings than students whodidn’t graduate with a post-secondary degree. At the same time, however, the cost of a collegeeducation began to rise much faster than the rate of inflation, meaning thatfamilies began to have to devote more of their overall income to paying forcollege costs. With annual college tuition climbing into the tens of thousandsof dollars, college expenses have outstripped even generous incomes, andstudents have had to turn increasingly to college loans to pay for theireducation. Today, about two-thirds of college students takeout student loans to helppay for their education. These students leave college with an average of$23,186 in school loan debt, according to FinAid.org. This figure is less than the average cost of a newcar in 2010 ($29,217), and most new car loans are paid off in five to sixyears, with an interest rate comparable to the rates on federal educationloans. So why are so many people concerned about the costof college loans? Simply put, not all college loans are createdequal. Federal education loansare issued directly by the federal government and carry a fixed interest rate,along with flexible repayment terms and multiple options for postponing orreducing one’s monthly payments based on one’s financial circumstances. Federalcollege loans are generally low-cost, low-pressure loans. Private education loans¸on the other hand, which are issued not by the government but by banks, creditunions, and other private-sector lenders, are variable-rate, credit-based loansthat typically carry higher fees and rates than their federal counterparts.Private studentloans also offer much fewer, if any options, for financiallydistressed borrowers to be able to postpone or reduce their payments. One major difference between a new car loan and astudent loan is the deferment period. With a car loan, payments on theprincipal begin immediately. A portion of every payment is used to reduce thebalance owed. In contrast, all federal education loans and manyprivate education loans allow students to defer making any payments whilethey’re still in school. The repayment of the loan can be delayed for yearswhile the student finishes school — with no delay of interest charges,however. Except in the case of subsidized federal studentloans — for which the government will cover the interest while astudent is in school and which are awarded only to students who demonstrate themost financial need — interest begins to accumulate on college loansas soon as the loans are issued, even if a student is deferringpayments. This accumulation may take place over months oryears, quietly running up the balance on a student’s school loan debt toalarmingly high levels. Families concerned with accumulating excessivecollege loan debt can always decline to take on any school loans. Federalcollege loans awarded in a student’s financial aid package are always optional;students can turn these loans down if they have another financial resource anddon’t want to take on the debt of school loans. Students forgoing their available federal collegeloans at the beginning of the school year, however, may end up passing on thisgovernment money only to see their financial circumstances change unexpectedly mid-semester.In cases like these, students may be forced to turn to private student loans tobridge the financial gap. A good strategy for college students is to firstseek out college scholarships andgrants and then maximize their available federal student loans beforeconsidering a private student loan. Private loans should be considered only asa last resort and only for financial emergencies that arise during the semesterthat other sources of financial aid can’t cover. Students should develop a clear and detailed planfor how they’re going to pay their college expenses for each year they attendclasses, especially if they plan to decline the federal school loans in theirfinancial aid packages.Having a backup plan in place to cover unexpectedfinancial emergencies can also help reduce the need for student loans, as wellas the overall cost of a college education. college loans, private collegeloans, collegescholarships, GI Bill education benefits