It is a well known fact that in the US, student loans are used by many to access higher education. This aid is used by majority of American students to cover their costs of attending college. Recent research shows that there’s been an increase in the number of people opting for student loans as the college fee and relative costs have increased.
The main types of student loans are federal loans and private loans. Federal loans are subsidized and usually the government pays the interest while the student is studying.
Benefits of federal loan:
Loans are offered irrespective of the credit history. As most students have no credit history, this is a boon.
Approval is automatic if the student meets the program requirements.
Students are not required to make payments while enrolled
Students with some kind of disability have the possibility of their loans getting completely discharged.
Downside of federal loan:
Federal loans are subsidized at the undergraduate level only.
Student loans cannot be discharged through bankruptcy.
If students drop below the half time status, no more grace period is provided and repayment must begin immediately.
Amounts of both subsidized and unsubsidized loans are limited.
Loan discharges are considered taxable by the IRS.
Private student loans have higher limits and payments begin only after graduation. As expected, the interest rates are higher than the federal loan, rates of which are set by the US Congress. Many view private student loans as the last resort option, owing to their higher interest rates, multiple fees and lack of borrower protection.
The current status of outstanding student loans is a staggering number- amounting to trillions of dollars. When a student or their parent borrow money for college, they might not be considering all aspects of paying back the same. Outstanding student loan colors ones ability to qualify for other loans at a later point in their lives. Few important aspects to be kept as guidelines while applying for student loan are “ anticipated annual income upon graduation, original loan amount, annual interest rate and initial payment period. Using these as a yardstick while applying, would to a large extent, diminish future difficulties.
Both the public and the private sector have been supplying options for Americans to rid of their student loan problem. Federal student loans provide the possibility to reduce the monthly payment during times of economic crisis. Private sector banks and lending institutions also offer many refinancing options for student loans.
It is recommended that students explore their federal loan options first and only upon reaching the borrowing limit, consider private loan options.
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Here’s Why Fiesta Dinnerware is Popular
Read moreFiesta dinnerware was set up in 1936 in response to the bone china patterns that was used by other companies. The Homer Laughlin Co. came up with a revolutionary idea and realized that dinnerware was exceedingly expensive and dreadfully drab. The company decided to come up with a solution that tackled both problems. The glaze finish of the Fiesta dinnerware which comes in green, yellow, and cobalt and would sell individual pieces instead of a whole expensive set. It was an instant success in the Depression era and customers used to mix and match and have fun with it. The company tried to go with earthy tones in the 1970s and sales plummeted. Its fans were hooked on their original product, so the company decided to revive the Fiesta line. The company soon added new colors like incandescent and kaleidoscope, which were very popular. In the 1980’s the company rode the retro wave, which was sweeping the U.S. This is precisely why the Fiesta dinnerware set is one of the bestsellers of all time in the market.
Following are some of the reasons why Fiesta dinnerware is so popular.
Nostalgia and generational appeal
Many people report how their parents bought Fiestaware years ago and kept buying them for years to come. The plates use a kind of vitrified ceramic that does not chip easily, so they remain in excellent condition. Even the colors have been known to not fade over time. In addition to this, people have seen their grandparents and parents use the dinnerware, so it becomes an obvious choice even amongst millennials today.Style and aesthetic appeal
Fiestaware still seems relevant today opposed to drab and lifeless white or China. People appreciate the art deco style and concentric circles. The plates are also available in a range of colors that keep changing. This keeps people hooked, and there are many collectors as well. The company has also recently launched an app for all their loyal fans called Colorama, to see if the colors they like gel together.American-made
Many people appreciate the fact that the iconic Fiesta dinnerware is made right here in the United States. The rich culture of this country is one of the many associations that people unconsciously or otherwise make with the brand. Besides, the other selling points, like the fact that the dinnerware is lead and cadmium-free and very durable, resonate with the values of Americans today. -
Top reasons why you should choose Time Warner Internet
Read moreTime Warner Internet was making quite a mark for itself in the field, and that is why it caught eyes of the company named Spectrum. They recently took over the brand and now the Time Warner Internet is operational under the brand Spectrum. While there are many options available in the country when it comes to choosing the Internet connection for your home and office, Time Warner poses as an excellent option for all because of a variety of reasons. Some of these have been mentioned and explained as under:
Take over
Firstly, the take over of the company has led to a lot of benefits for the consumers who were already present in the market along with the ones who are looking for a good option in the industry. While Time Warner was doing good enough regarding their services but the coverage and consumer services have increased over a period giving it more leverage than the others in the market.Clear mandates
The company operates on a policy that is crystal clear in every sense of the word. If you are one of those who want to use the web without any contracts or hidden fee structures that may end up shaking your monthly budget, then this is your best bet. There is a wide range of speed available for you to choose from ranging from 19 to 300 Mbps.Ease of sharing
Other companies may offer you to use more than one device in the same Internet plan, but we all know how that works out. The ultimate speed reduces, by and large, giving you a lot of hassles if you are planning to watch your favorite series online. But Time Warner Internet services do not work on the same concept. It has a bandwidth that will be equally distributed amid all the members and high-speed Internet that lets you watch all the shows in HD. The unlimited speed has offers that are irresistible and go easy on your pocket as well.Bundle services
With the take over, you can now merge the services into one bill for the ease of payment and you can also avail offers that would have been impossible up till now. If you have the TV, the Internet, and the phone belonging to the same parent company, then you have the leverage of using the same to your advantage.