GAO Report: Federal Website for Private Student Loans May Be Unneeded

October 14th, 2010 by Bank Loan | No Comments | Filed in Loans

GAO Report: Federal Website for Private Student Loans May Be Unneeded

A report issued on September 29 by the Government Accountability Office has concluded that a Congressionally ordered federal Web-based tool to help college students compare terms and lenders for federal and private student loans may be a significant challenge to implement and could be entirely unnecessary.

The 36-page GAO report says the tool, which is mandated by the Higher Education Opportunity Act (HEOA) of 2008, is no longer needed for federal student loan comparisons because all federal college loans are now issued directly by the Department of Education through the Federal Direct Loan program.

Student loan legislation contained within the Obama administration’s health care reform package that passed through Congress in March eliminated the third-party federal student loan program that had previously allowed private lenders to issue federal education loans on behalf of the government. With no private lenders originating federal student loans, there are no longer multiple lenders or multiple borrower incentives (like rate and fee discounts) for students to compare.

As for comparisons of non-federal private student loans, the GAO notes that prospective borrowers who seek private student loans may already have sufficient information readily available to them, both through their schools’ financial aid offices and through individual lenders’ websites.

Private Student Loans Take Back Seat to Federal Student Loans

Providing a private student loan search and comparison tool may also conflict with the Department of Education’s longtime financial aid message, as well as its re-aligned mission of being the primary provider of federal student loans.

The Department of Education has made a practice of encouraging families to take advantage of all available federal financial aid — grants, work-study, and low-cost government parent and student loans — before turning to costlier private student loans. Placing a tool for finding and comparing private student loans on the Education Department’s website, the GAO points out, could lead some students or parents to mistakenly believe that the department is endorsing the use of private student loans alongside federal financial aid, even before a student’s federally guaranteed financial aid dollars are exhausted.

Furthermore, as the Education Department’s “federal financial aid first” message has gained traction and as fewer recession-stung borrowers have been able to qualify for credit-based private student loans, the use of private student loans has declined, further diminishing, the GAO argues, the need for the private loan comparison site.

According to GAO figures, private student loan lending decreased to about  billion in 2008–09, a drop of 50 percent from the volume of private student loans originated in 2007–08.

Online Comparison of Private Student Loans Faces Roadblocks in Practicality

Providing useful data on private student loans would require the Department of Education to secure the cooperation of a large number of banks and private lenders. Each lender has its own lending guidelines for its private education loan program, and almost all lenders regard their underwriting criteria as proprietary information.

A lender’s underwriting guidelines determine not only what kind of income and credit profile is required to qualify for the lender’s private student loan program, but what rates and fees an eligible borrower will qualify for: Borrowers with weaker credit will generally pay higher rates and fees than borrowers with very good credit.

Without having access to lenders’ closely guarded underwriting guidelines, the Department of Education would likely not be able to create a loan tool that would supply the intended proper guidance to prospective borrowers to help them determine which private student loans would be available to them or which private student loan programs would offer them the best rates.

Additionally, since the HEOA-mandated student loan tool requires the Department of Education to provide real-time information on student loan interest rates, availability, repayment options, and lending oversight, the department would need to expend significant resources to continually verify and update the accuracy of its private education lender data in order to avoid the appearance of bias against or endorsement of any particular lender.

This need for resources points to another significant challenge identified by the GAO: minimizing the cost of the student loan tool to the federal government. The tool would, in the GAO’s assessment, “require a considerable investment.” The Department of Education has already determined that such a tool should not be developed or funded by private student loan lenders, but the department itself is unwilling to guarantee that it can provide a stable funding source to meet the HEOA mandate.

Website Comparing Private Student Loans Would Be Redundant

As of February, under another provision of the HEOA, lenders that offer private student loans must provide borrowers with additional disclosures regarding the overall cost of a private student loan and the student’s eligibility for federal financial aid. The GAO maintains that these new required disclosures further reduce the need for the mandated student loan tool.

While GAO research indicates that students may find a government-sponsored student loan comparison site to be more factual and neutral than one run by lenders, several lenders and higher education associations questioned whether the federal comparison tool would simply duplicate existing resources and information already made available online by various student loan lenders and consumer advocacy groups.

Moreover, education officials note, most students turn primarily to their school to obtain information about financial aid and college loans. By supporting the ability of colleges and universities to provide accurate student loan information, the Department of Education may better be able to reach the target population than by creating its own student loan comparison website.

Modification of the student loan tool mandate, however, would require Congressional approval. To date, members of Congress have not indicated they are willing to alter the terms of the HEOA.

Jeff Mictabor is an enthusiast on the topic of student loan issues in the news. He has been writing for the past 10 years for a variety of education publications. He now offers his writing services on a freelance basis.


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House Passes Bill on Deceased Students’ Private Student Loans

October 13th, 2010 by Bank Loan | No Comments | Filed in Loans

House Passes Bill on Deceased Students’ Private Student Loans

The U.S. House of Representatives on Sept. 28 passed the Christopher Bryski Student Loan Protection Act (H.R. 5458), which would require lenders that issue private student loans to provide additional information to co-signers about their financial obligations on the student loans they co-sign following the death of the primary borrower.

Private student loan issuers would also have to offer information to borrowers about filing a durable power of attorney (DPOA) nomination that would permit another person to make financial, legal, and medical decisions in the event of death or disability of the primary borrower while any of the borrower’s private student loans remain open.

A Student Loan Bill With Its Roots in a Family Tragedy

This student loan protection act was sponsored by New Jersey Democratic Rep. John Adler and was named after Christopher Bryski, a 23-year old college graduate who suffered a serious brain injury in a 2003 accident and died in 2005, after spending two years in a persistent vegetative state. While in college, Bryski had taken out nearly ,000 in private student loans, for which his father had co-signed. After Bryski’s accident, his private college loans defaulted, and the lender sought repayment, along with interest, from Bryski’s father.

When a student borrower dies or becomes permanently disabled, the balance of any government-issued student loans the borrower had is typically discharged. In the case of non-federal, private student loans, however, the lender will still seek repayment from the co-signer.

The proposed law is not designed to force private lenders to discharge student loan debts for deceased borrowers, but rather to disclose the co-signer’s responsibilities in case the borrower dies or becomes incapacitated while a student loan balance is outstanding. Co-signers guarantee loan repayment but often lack the legal standing to handle a primary borrower’s finances should a borrower become incapacitated, as occurred in the Bryski case.

The law would also require university financial aid offices to make similar disclosures to students who are applying for private student loans.

Legislation Could Spur Borrowers to Seek Insurance Protections for Private Student Loans

Should the legislation pass both houses of Congress, it is likely to change the landscape for borrowers and co-borrowers when it comes to the repayment of private student loans.

The bill carries no insurance provisions for student loans, but savvy co-borrowers may be more apt to look into student loan insurance plans, life insurance plans, and other financial protection strategies that could pay off the balance of the student loan if the borrower dies or becomes completely disabled, leaving substantial student loan debts.

Life insurance will generally only pay off an insured borrower’s private student loans if the borrower dies. However, disability insurance or student loan insurance packages could pay off outstanding college loans if the primary borrower defaults under other circumstances.

The new law would also require private lenders to offer entrance counseling to borrowers to encourage them to set up a DPOA. Borrowers would not be obligated to actually establish a DPOA or other advance directive, but advocates of the bill hope that the counseling requirement could open the door for better communication between lenders and borrowers, as well as between borrowers and co-signers.

The bill now heads to the Senate, where Rep. Adler hopes to find both a sponsor and a receptive audience to the plight of families who may have to assume substantial student loan debt following the incapacity or death of a student borrower.

Jeff Mictabor is an enthusiast on the topic of student loan issues in the news. He has been writing for the past 10 years for a variety of education publications. He now offers his writing services on a freelance basis.


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V-Rooms Provide Secure, Online Document Exchange for Private Equity Firms

October 13th, 2010 by Bank Loan | No Comments | Filed in Bank


Atlanta, GA (Vocus) September 10, 2010

V-Rooms™ Virtual Data Rooms (VDRs), a product of Due Diligence Online, LLC, provides private equity fund administrators, investors, attorneys and investment bankers with the ability to coordinate the communication of confidential documents during all phases of fund management including fundraising, buy-side, sell-side and investor reporting.

In the fundraising phase, certain key information may be shared via a V-Room with investors receiving and responding to a private placement memorandum. This is followed by the ability to issue buy-side VDRs, with pre-loaded due diligence checklists, to companies targeted for acquisition as funds add to their portfolios. Once investments are made in these portfolio companies, investor reporting, especially important in today’s regulatory environment, is a crucial function that can be streamlined with VDRs. As private equity funds look to divest themselves of certain portfolio companies, sell-side virtual rooms come into play as they work with their investment banking partners.

“It has been very interesting working with our private equity clients to expand the usage of our V-Rooms well beyond merely sell-side engagements, where they were first employed,” said Dan Bradbary, CEO of V-Rooms. “This ongoing flow of communications, in a secure online environment, is even more essential now that fund administrators, investors, portfolio companies and management teams operate on a truly global basis.”

Especially important in today’s financial environment, which calls for increased investor transparency, virtual data rooms provide an economical, regulatory compliant system for investor reporting. Accurately retrieving information from funds’ portfolio companies, and then securely delivering financial details and reports to their limited partners is essential. With V-Rooms, fund administrators are able to filter that information for distribution to investors, making it available via a secure Internet Limited Partner Portal with around-the-clock, worldwide access to that information through a controlled and auditable platform.

Fund managers are able to respond to requests from investors by directing them to their Limited Partner Portal within the VDR, rather than extracting information and responding by email, courier or fax. Most importantly, the managers are able to then confirm receipt of the information through the program’s regulatory compliance /tracking reports.

About V-Rooms:

Due Diligence Online, LLC (888-316-2047). V-Rooms provides a privately-branded online virtual data room solution, designed to streamline document management, collaboration, exchange and archiving for Financial, Legal and Corporate professionals. Our document repository facilitates the compliant and auditable exchange of sensitive information to accelerate complex, information-intensive processes, while reducing the time and expenses associated with data distribution, courier, printing and travel.

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A Wow Private Server, Why Do People Play on Them?

October 13th, 2010 by Bank Loan | No Comments | Filed in News

A Wow Private Server, Why Do People Play on Them?

A World of Warcraft private server allows you to connect to privately run servers with your game client that have nothing to do with the servers run by Blizzard. The have been around for years, the first ones launched soon after the release of the official game. So what is it that gets people away from the official servers and into playing on the private servers which, in many cases, have less functionality, balance issues, poor support and often experience crashes. Although pservers are often riddled with various playability issues that are not present at the official wow servers, many of of them are very well run and do not suffer from the earlier mentioned issues, which is part of the reason why they have gained thousands of players over the years.

Having completed several rounds of interviews of the actual players on pservers an interesting observation was made. Many of the players there were in fact also playing World of Warcraft on the official servers with active accounts. We also found out that almost all of the players on private servers had at some point had been active players on retail, the authentic World of Warcraft servers. That was to be expected of course.

So what are the most common reasons for playing wow on a private World of Warcraft server.

- Financial issues

This is, of course, the obvious reason. Private servers allow you to play wow without the monthly payment. Many of the players on pservers have had active accounts on retail wow for several years and were not able to keep up with the payments. Its a monthly cost regardless of the actual time you get to spend in the game. The other option would be to not play at all or move onto other games.

- Boredom

This is also a very common reason for moving to private servers and we found two player types in this category. The hard-core and the occasional players. The hard-core players in strong guilds got to the stage where they had done a majority of the end-game content on their official wow account and had just wanted a change from hanging around. Usually these players tend to disappear for a while from private servers with each new patch on the retail servers as they go to explore the new content and features.

The occasional player, on the other hand, is one that does not have a strong guild to back them up in the more demanding retail wow and opt for a private server where, in many cases, the amount of actual grinding is far less, or in some extremes, non-existent.

In addition, many wow players have never got to experience much of the end-game content due to lack of functional groups or raids or just not having enough friends online. In any case, on private servers and especially on funservers all players have the possibility to experience all the content designed for wow and to get the full experience, and even more on custom realms. This is especially true for some funserver realms where players can get overpowered custom items, levelling beyond 80, and other benefits that allow them to complete all of the raid content designed for wow.

- Character testing

Another popular reason for playing on private servers. To level up a new character on regular wow is a very time consuming task and can be extremely frustrating to do if you end up noticing that the race/class is actually not something you enjoy playing at the highest level. So they come to a private server where they can either level up any character class to the maximum in a very short time or on some private servers you become level 80 instantly. This way the players get to test classes at high levels to see how it feels before taking on the massive task of levelling and equipping a similar character on their retail account. Sure, some argue that if you get to level 80 instantly you will not know how to play the class effectively, which is probably true.

The point is that if you get to play the class, test different talents specs, etc. without putting in the long hours. Even if they do not intend on building a new character on retail wow, on a private server you can quickly have a completely different gaming experience with a class change. Without the grind.

- Custom content and new experiences.

Some gamers just want a change and go for custom private servers with a high amount of custom content, custom areas, custom bosses, custom items, etc. Some servers even allow you to bring in items you have designed yourself on the ever increasingly popular wow-v website, where you can create your own custom wow items.

Further information: By researching and testing different custom servers, you can find the best private server for your play style and maximise your enjoyment.

The http://www.private-server-guide.info website guides you to the world of private servers by giving you solid background information and reviews that help you find the best private server for you.


Article from articlesbase.com

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Indian Private Investors Conference (IPIC) to be Held on Nov 12-13, 2010 in Mumbai

October 12th, 2010 by Bank Loan | No Comments | Filed in News

Washington, DC (Vocus) October 6, 2010

A two day Indian Private Investors Conference (IPIC) will be held at Vivanta by Taj – President, Cuffe Parade, Mumbai on November 12 -13, 2010. IPIC is a director-level, interactive conference that will feature talks by industry leaders and an exchange of ideas on status and issues of investments in India. The Alliance for US India Business (AUSIB) will partner with Ink Business Media for IPIC 2010.

The conference will feature an impressive line-up of speakers including:

Anubha Shrivastava, Managing Director – Asia, CDC Group

Bharat Bakhshi, Partner, Jacob Ballas Capital India Pvt Ltd

Dr. Subir Gokarn, Deputy Governor, RBI*

Gautam Mehra, Executive Director, PricewaterhouseCoopers

Jasmin Patel, Managing Director, Fidelity Growth Partners – India

Manish Chhajed, Vice President, Reliance PE

Mritunjay Kapoor, Managing Director, Protiviti

Nakul Zaveri, Senior Investment Officer, Climate Change Capital

Pankaj Dutt, President, Welkin Partners

Percy Billimoria, Sr Partner, AZB Partners

Raj Pai, Managing Director, GEF Advisors India

Rajesh Begur, Managing Partner, ARA Law

Samir Inamdar, Founding Partner, Forum Synergy PE Fund

Sandeep Aneja, Managing Partner, Kaizen PE Fund

Suneet Maheshwari, CEO, L&T Infrastructure Finance

Usha Thorat, Deputy Governor, RBI*

Vijaydeep Singh, Director, Welkin Partners

Vivek Tandon, General Partner & Founder, Aloe Private Equity

*awaiting confirmation

IPIC 2010 would focus on allocation trends and preferences of global and regional sector-agnostic and sector-focused funds looking at investing in India through Indian private equity funds. It would allow investors to know capital allocation trends and preferences, meet global and regional investors, understand sectors currently attracting capital providers, trends in ‘HOT’ sectors and the valuation and structuring aspects.

The conference would be a platform for top ranking officials from the private equity industry to exchange information, share knowledge, network with their peers and discuss issues of critical concern to the industry. The delegates would have an opportunity to deliberate upon and find solutions to issues such as


Current macro economic factors affecting the industry
Fund allocations to India post GFC
Deal Flows, Exits & Deal Structuring
Secondary Markets & its Liquidity
Corporate Governance & Talent Management
Discovering Sector Specific Opportunities in Education, Cleantech, Healthcare and Infrastructure
Fund Structuring, Tax & Regulatory Issues

For more information about IPIC 2010 please visit http://www.inkbusinessmedia.com/ipic2010/ or contact jayesh(at)inkbusinessmedia(dot)com

About INK Business Media: INK Business Media Pvt. Ltd. is a fast growing Conferences, Congress Management, Destination Management, Association Event Management, Exhibition, Training Program, Publication and Event management company based in Mumbai, India. With voluminous list of conferences, exhibitions, domain specific Business-to-Business conferences and events that are planned and organized for leading trade promotion associations, as well as corporate houses across the country, INK Business Media provides you the three key lines of business; Information, Networking & Knowledge. For moe information please visit: http://www.inkbusinessmedia.com

About AUSIB: The Alliance for U.S. India Business (AUSIB) is a leading non-profit trade association that offers a pathway to help your business succeed in the United States and India. AUSIB seeks to augment investment flows and trade between the U.S. and India and open new channels of communication between business and government leaders. For more information please visit http://ausib.org/

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Henley-Putnam University, an Online University Providing Advanced Degrees and Certificates in the Field of Strategic Security, has Raised $4.8 Million in a New Round of Financing led by CMS Small Cap Private Equity Fund

October 12th, 2010 by Bank Loan | No Comments | Filed in News

San Jose, CA (PRWEB) October 8, 2010

Henley-Putnam University (“Henley-Putnam” or the “Company”), a premier university for online higher education in the strategic security industry, has closed on a new round of financing totaling .8 million. The financing was led by Philadelphia-based CMS Small Cap Private Equity Fund and was arranged by Capstone Partners LLC , who also co-invested in the transaction. New York-based Liberty Partners remains an active shareholder in the Company. The new funding will provide Henley-Putnam with working capital that will help it continue to execute its current growth strategy, as well as prepare the Company for the regional accreditation process.

“The field experience of Henley-Putnam’s faculty positions students for unrivalled learning in the disciplines of counterterrorism, intelligence and protection. We believe Henley-Putnam will continue to deliver exceptional student value for those entering or expanding on careers in these areas,” said Bill Landman, Senior Managing Director of CMS.

“We are very excited to have CMS alongside us as a partner. We believe that Henley-Putnam is poised to capitalize on the demand for online higher education in the strategic security industry, and we view CMS as the perfect addition to our team to help the Company achieve its potential,” said Michael Stakias, CEO of Liberty Partners.

“We are excited to have the support of both a new financial partner and our existing shareholders, which speaks to the quality of our institution, faculty, and programs, and to the differentiated value proposition that we offer our students. With the new investment, we can now push forward in pursuit of several initiatives which we view as key to Henley-Putnam’s growth,” said Jim Killin, CEO of Henley-Putnam.

ABOUT HENLEY-PUTNAM

Henley-Putnam is an online, for-profit, post-secondary educational institution that provides certificate programs, and bachelors, masters, and doctoral degrees in strategic security. Programs focus on delivering expertise in intelligence, counterterrorism, and protection to military/security personnel and working adults. Henley-Putnam’s courses emphasize prevention, deterrence and analysis rather than traditional reactive measures. Courses are taught by an industry-leading faculty with extensive field experience (17 years on average). Of the more than 90 adjunct professors, 90% hold a Masters degree or higher, and 50% hold Top Secret security clearance. With its focused curriculum, elite faculty, and unique understanding of its students, Henley-Putnam has evolved into a leading educational choice among strategic security professionals, enabling it to increase its student population by more than 75% in the last 12 months.

ABOUT CMS

CMS Small Cap Private Equity Fund is a private equity fund of CMS Companies, a Wynnewood, PA-based alternative asset management firm. The Fund pursues investments in small private companies that stand to benefit from the strategic, financial and operational expertise of CMS Companies. Founded in 1969, CMS Companies helps successful entrepreneurs grow, manage and preserve their personal wealth.

ABOUT LIBERTY PARTNERS

Liberty Partners is a New York-based private equity investment firm with more than billion under management. Founded in 1992 by Peter E. Bennett, Chairman, Liberty specializes in middle-market private equity investments in manufacturing, business services, and education-related companies.

ABOUT CAPSTONE PARTNERS

Capstone Partners is a leading national investment banking advisory firm dedicated to serving the transaction needs of middle market companies. The firm provides corporate sale & divestiture, merger & acquisition, private placement and valuation advisory services.

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Fynanz Adds Sandia Laboratory FCU to Private Student Loan Program, Surpasses 80 Credit Union Milestone

October 11th, 2010 by Bank Loan | No Comments | Filed in Loans



New York, NY (PRWEB) October 4, 2010

Fynanz, Inc., the financial technology company that develops customized private student lending solutions and powers the cuStudentLoans.org private student loan marketplace, today announced the addition of Sandia Laboratory Federal Credit Union.

Sandia Laboratory FCU, a .5 billion credit union in Albuquerque, New Mexico, has partnered with Fynanz to be the provider of a turnkey private student lending solution for its 61,000 members. The program, which is a customized solution tailored to the product and credit requirements of Sandia Laboratory FCU, marks the 80th credit union trusting Fynanz to power their student lending platform.

“We’re pleased to be able to offer new options for members needing student loans,” said Robert Chavez, EVP/COO of Sandia Laboratory FCU. “The Fynanz programs offer more competitive interest rates and a wider variety of features than we’re able to provide internally. We think this partnership will be a win-win situation both for members and for the credit union.”

“We’re excited to have a credit union with the prestige of Sandia Laboratory FCU look to Fynanz in providing such an important product offering to its members,” said Vince Passione, CEO and Founder of Fynanz. “Sandia Laboratory FCU will become the 80th credit union partner that has entrusted Fynanz’s industry leading technology to power their private student lending program,” continued Passione.

Fynanz is now the exclusive student lending solution for 16 customized credit union programs, along with 64 credit union partners who are part of the cuStudentLoans.org marketplace through the EdAccess private student loan offering, which pools credit union funds to share loan risk and increase market reach.

About Fynanz

Fynanz, Inc. is a leading technology provider of custom private student lending programs and turn-key solutions. Fynanz pioneered innovative technology that easily puts lenders into the private student lending business without the need to purchase or install any software. This end-to-end integrated solution includes complete origination, underwriting, servicing and marketing. Fynanz also powers cuStudentLoans.org, the leading private student lending marketplace, and currently serves more than 80 credit unions across the country. For more information, call (800) 881-8985, or visit www.fynanz.com.

About Sandia Laboratory Federal Credit Union

Sandia Laboratory Federal Credit Union is New Mexico’s largest credit union by asset size, and serves over 61,000 members with eight branches in the Albuquerque metro area and two in Livermore, California. SLFCU currently holds .5 billion in assets and is consistently ranked among the top credit unions for total financial return to members by Callahan and Associates, Washington, D.C. (www.creditunions.com). Formed in 1948 by employees of Sandia National Laboratories, the field of membership served by SLFCU now includes a number of companies in New Mexico and California. Employees of those companies and their family members use SLFCU for financial services that include checking, savings, home mortgages, auto loans, credit and check cards and investment services. Members enjoy a nationwide, surcharge-free ATM system and free online account services. The Credit Union is federally insured by the National Credit Union Administration.

Media Contact:

Christian Widhalm, Fynanz, Inc.

christian(dot)widhalm(at)fynanz.com

646-626-7414

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The Team Solution, Inc and Aspen Management Corp Announce Private Label Licensing Agreement

September 28th, 2010 by Bank Loan | No Comments | Filed in Bank

Lakewood, NJ (PRWEB) September 21, 2010

Aspen Management Corp., over the past 25 years, has specialized in the development and distribution of highly specialized employeemember benefit and risk management programs. “Through our many strategic alliances and partnerships, we have access to a multitude of plans and programs not available to other insurance and employee benefit organizations”, said Patrick Zunini, Executive Vice President. “We have been following the integration trends of Human Resource outsourcing tools such as payroll processing into the Workers’ Compensation, Employee Benefits, Voluntary Benefits and Financial Services sectors for years. With the passage of National Healthcare Reform, there are at least 10 new rules and regulations that tie payroll processing directly into employee benefits administration and reporting. The Team Solution platform provides us with the Human Resource Outsourcing tools necessary to deliver an entire new revenue, retention and profit center solution to our strategic partners, distributors, agents and brokers and insurance company clients”.

“Furthermore, TSI’s payroll processing solution will provide us with the capability to convert our Workers’ Compensation captive clients, to a “Pay as You Go” billing, collection and “real time” auditing system. Their payroll system will provide the captive with per pay period premium development, premium billing, collection and “real time” audit capability on every client. This innovative approach will help us to dramatically reduce our operating costs in the billing, collection and reconciliation of premiums, provide us with “real time” premium auditing capability, thus eliminating audit expenses, while significantly improving our premium collection and increased use of money over conventional industry methods.

The Team Solution, Inc., licenses a turnkey, Human Resource Outsourcing technology platform consisting of Payroll Processing, Time & Attendance, Labor Management, Scheduling, Human Resource Management Systems, Dependent Eligibility Programs, Business Tax Credit programs, Employee Benefits Enrollment and Management, Unemployment Insurance Audits, “Cash Flow Work Comp, Human Resources Knowledge Base and more. Licensees can partner with TSI and offer these services either as a Team Solution partner or as a Private Label partner for a seamless integration into their existing operations.

TSI partners with and distributes its’ platform throughout the Property & Casualty, Employee Benefits, Risk Management, Banking, Credit Union, Merchant Services and Employment Law markets.

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Private Cord Blood Banking vs. Public Donation

September 27th, 2010 by Bank Loan | No Comments | Filed in Bank
Bank
by stevecadman

Private Cord Blood Banking vs. Public Donation

Public Donation vs. Private Cord Blood Banks
List of Pros and Cons

Deciding on a cord blood banking method is not easy. There are many factors to consider when choosing what is right for your family. Below you will find a list of pros and cons for each type of cord blood bank.

Public Cord Blood Banks - Pros:

1) Accept free donations

2) Strive to provide suitable cord blood to help people in need free of charge.

3) They provide stored cord blood for medical research (sometimes at a profit).

Public Cord Blood Banks - Cons:

1) Like any transplant, finding a suitable match can sometimes be a challenge.

2) There is no guarantee that the cord blood you donated or a suitable match will be available if a family member should need it.

3) Even if a match is found, there is a higher chance of rejection when receiving cord blood from non-relatives.

Private Cord Blood Banks - Cons:

1) For genetic diseases, a transfusion using a person’s own cord blood may not be sufficient.

2) There is a fee for collection and storage.

3) Doesn’t serve the “greater good”.

Private cord blood banks- Pros:

1) Allow you to bank your baby’s cord blood exclusively for your family’s use.

2) If your child will need a stem cell transplant in the future, there will be no need to search for a suitable donor.

3) If a family member will need a stem cell transplant in the future, there is a higher chance that your baby’s cord blood will be a suitable match.

Take your time to discuss and weigh out all of your cord blood banking. Both public and private banks offer your family a service that helps to secure your child’s health.

Read a complete pros and cons list for public and private cord blood banking.

http://www.mazecordblood.com/private-vs-public.htm

Michael A. Werner, M.D., F.A.C.S. is a urologist, who received his specialized fellowship training in Male Infertility at Boston University Medical Center. He is one of only a few male infertility specialists in the country and has written extensively on this subject in medical journals and books. Dr. Werner completed his urology residency at Mount Sinai Medical Center in Manhattan and received his medical school training at the University of California at San Francisco. He holds an honors undergraduate degree from Harvard College. Dr. Werner is on the faculty of the NYU College of Medicine, the New York Medical College and Einstein College of Medicine. Dr. Werner is the founder of M.A.Z.E. Laboratories. He is a specialist in the cryobanking (freezing) of health products. He personally oversees the process of cord blood banking. Dr. Werner is the Medical Director of the M.A.Z.E. Cord Blood Laboratories and is responsible for its operation.


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How To Get Federal and Private Student Loan Forgiveness

September 26th, 2010 by Bank Loan | No Comments | Filed in Loans
student loan
by Embajada de Estados Unidos en Bolivia

How To Get Federal and Private Student Loan Forgiveness

I am sure that many of you face student debt out there still after years of trying to pay it off or maybe you are just starting to pay off those loans out of college. Whatever the case is, many of you would like to take care of that student loan debt as soon as possible.


One option that the government provides is through student loan forgiveness. These are great ways for you to give to Uncle Sam or some public service that is needed and in return for your time and skilled service they are kind enough to take care of some or all of your student loans.


These options should be decided carefully and please don’t do them for the sole purpose of getting some student loan help because you are bound to hate yourself after a while. You need to find something you are passionate about and at the same time will allow for you to take care of some necessary debt for your future.


1. Law School

Many of you face law school debt and that is practically a mortgage with the amount you have to shell out for a few years of reading books and losing sleep. Some of you might think that you are going to get hired by some great law firm and everything will be taken care of and that might happen, but for many of you that will not be an option.


Another thing to look at is working for a non-profit or public interest organization. This can help you take care of some much needed debt and give yourself a serviceable name in your industry. It might not be glamorous, but it is a good way to take care of all of the debt that will eat at your bank account for years.


2. Physical or Occupational Therapy

This is a great example of high in demand and low in supply when it comes to therapists. There are plenty of positions out there that hospitals, the government, and private facilities need to fill and people will always get sick and need medical help. This is a good way to take care of some medical bills that have pilled up just like the law student that we talked about.


3. Military Service

Well this one I would not put as number one for me personally because of the potential health risks, but I am sure you would learn some pretty impressive skills that you can bring back to the “real world” and apply. This is also not exotic, but it will pay the student loan bills and if you are willing to get into hostile territory you can get paid a lot.


4. Peace Corp

This is also an international option like the military, but without all of the weaponry. This could create up to 70% debt reduction and help you see the world through a different set of eyes. Many of these traveling experiences will allow you to view struggles of simple people fighting for necessities that we take for granted.


5. Social Services

There are countless honorable professions such as law enforcement, helping people find housing and occupations, assisting with disabled and elderly, along with other correctional officer positions that can impact your bank account and other lives. These services are some of the best because they will allow for potentially your whole student loan to be taken care of.

Court is an adviser on student loan consolidation programs and helps people to learn about internet marketing companies.


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