Question by Less dreaming, more living: will it be dumb if I get a private loan now while I go to community college?
I don’t want to fill out a Fafsa until I get to university where I have a greater chance of saving more money and with financial covering more . will getting a private loan be a bad idea
will I ever be able to get a loan again in or financial aid the future when Im in a university?
Best answer:
Answer by Badvegan it honestly makes no sense to not apply for fafsa now. why take out a private loan? you will not help yourself in anyway that i know of. also you will miss out on any opportunity for grant money. it is far smarter to get financial aid loans through the proper channels, and those channels are fill out the fafsa and talk to your financial aid department. private loans should only be used in case you are going to a super expensive private school and you are not getting enough money through financial aid.
Know better? Leave your own answer in the comments!
Question by binaryalgorithm: Are Private Student Loans exempt from bankruptcy?
I’ve read that student loans cannot be disposed of during a bankruptcy. I’m sure this is true for federal/state/school loans, but what about private student loans that did not need to be confirmed by the college? (In other words, did not confirm “financial need” with the school).
Best answer:
Answer by freespeechviolator yes u have to pay them no matter want!
Question by Spixel: Private Universities–what does the average undergrad really pay for tuition?
When looking at private colleges like Notre Dame, Vanderbilt, Rice, etc., the sticker price is >$ 30,000. Yikes. Can any of you (preferably former/current students) tell me what the average undergrad actually pays for these institutions?–after financial aid and scholarships have knocked off some of the costs?
Best answer:
Answer by kdfirekat I went to a private university over 15 years ago and, even at that time, paid ~$ 9,000 a semester.
Graduating school and facing paying off multiple loans can be overwhelming and feel unreal. You can overcome this, though, and one way to simplify the situation is through the consolidation of private student loans.
Before becoming a student most people had little in terms of credit history. Hopefully during your time as a student you built more employment history and a history of making timely payments on bills and credit cards. With your new, higher, credit rating when you go to apply for a consolidation of your private student loans you should be able to find a lower interest rate. With the consolidation to one loan your financial situation should be a lot more easily managed.
When you start thinking about the consolidation of your private student loans it is advisable to go to credit counseling first. They will help you write up a thorough financial plan and help you plan for the short and long term. It is very important to make sure you understand the terms of your private student loans and all the options available to you, and a credit counselor can help with that. Many people skip this step, but it’s important to remember that this loan will be with you for a number of years to come and you want to get the best consolidation loan for you, your future self will thank you.
The first place to look for consolidation loans for private student loans will be financial institutions you are already involved with, particularly credit unions which are known for lower interest rates.
If the consolidation of your private student loans feels overwhelming, remember to take it one step at a time and ask lots of questions. Understanding the consolidation of private student loans is the best way to get a good deal.
Pretexting is used every day by private investigators throughout the country, but if lawmakers get their way it could become a thing of the past. Recent trends indicate increasing disdain for pretexting by U.S government authorities.
In a prepared statement to the Committee On Banking and Financial Services in the U.S. House of Representatives, the Commissioner of the Federal Trade Commission described pretexting as:
“…a term coined by the private investigation industry, and refers to the practice of obtaining personal information under false pretenses. This tactic is perhaps as old as the private investigation industry itself. Now, increasing numbers of high-tech private eyes, also known as “information brokers”, are touting their ability to obtain surprisingly sensitive information without the subject ever knowing. The web sites of certain companies also imply they can retrieve this information by simply keying a few search terms into one of their many databases, and that such services are perfectly legal. Despite such claims, it appears that the companies can get this information only one way…through plain, old-fashioned lies, i.e., through pretexting.”
Later in the statement the FTC Commissioner stated:
“The Commission looks forward to working further with this Committee to respond to the problem of pretexting.”
In the article, “E-Sleuths Scrutinized by Feds”, written by M. J. Zuckerman for USA Today, pretexting is described as “ a dark business”. Further, the article makes mention of Rep. Jim Leach, R-Iowa, who has sponsored “the Financial Information Privacy Act of 1999, which would outlaw pretexting and similar practices.”
I’m sure you can see the impact that the above information may have on our industry. It is our responsibility to conduct ourselves in a professional, ethical and legal manner. Many of our clients have begun to prohibit pretexting in the handling of their files. Only one legitimate reason for this exists. Liability. It is probable that an investigator mishandled a file or unlawfully used a pretext and the client felt the “fallout” from that action. When a client requests that we not pretext a claimant, that client expects us to handle the file accordingly. NO PRETEXT means NO PRETEXT. If you conduct a pretext in a situation where you are not authorized, you do so at your own peril.
Imagine a client calling to assign a case and specifically requesting a certain investigator NOT work the file. You ask what problems that client experienced. You learn that pretexting had been improperly used by that investigator and the claimant lodged a complaint.
Another troubling situation might be when a claimant’s attorney calls an investigator a few minutes after a pretext call is placed to his client, inquiring as to who the investigator is.
What should be of particular interest to private investigators is the fact that attorney’s, lawmakers, and claimants themselves are knowledgeable about pretexting. Attorneys coach claimants to expect surveillance and pretexting.
If this trend continues, we may find ourselves not able to pretext at all. If and when that happens, investigators who utilized pretexting as the sole means of “solving” a case may find themselves at a loss.
It is easy to sit back and think that each of us is handling pretexting correctly. Perhaps this article only applies to those “bad seeds” out there that are giving us “pros” a bad name. Be honest! Do you really know what the Graham-Leach-Bliley Act means to you as a private investigator? Are you completely certain that your investigations involving pretexts are legal and above-board? Do you know what your responsibility is in determining if a claimant is represented?
If you cannot answer these questions, you need to step back and self-educate. If the FCRA, DPPA, and GLB are foreign terms to you, you are putting yourself at risk. Moreover, you are placing the profession at risk.
It is not difficult to look at the current state of affairs within the federal government, and see where the trend is headed. Today, it is “financial” information. Next year it may be “personal” information. Within a few years it may be “all” information. The only way to effect a change in this trend is to stay educated regarding the legalities of pretexting and lawful use of information obtained through our investigations. We also need to “police our own”. We must stop winking and grinning when fellow investigators tell their favorite pretext set-up stories. Instruct those investigators that work for you how to conduct lawful pretexts. Set defined objectives and parameters to pretexts. Pretexts should not be telephonic “fishing expeditions”. In many jurisdictions this type of technique (“roping”) is illegal.
Until the private investigative community realizes that we determine our own fate in these matters, regulations will continue to stiffen. There is not going to be any agency or group that will come along and clean this industry up. We must do it from the inside. Those investigators that do not employ proper investigative techniques such as pre-surveillance drive bys and public records checks are shooting themselves in the foot. Instead, they choose to show up late for surveillance assignments and use pretexts to “catch-up” on what they missed. Later, they relate how smart and cunning they were in obtaining the information in a two minute phone call rather than two hours of surveillance. Imagine that the investigative process is like a steel chain. Every time a pretext is used, legal or otherwise, a link of that “chain” is weakened. Why? Because contact with a represented claimant during any pretext is a potential liability. Even if a pretext is lawful, it will expose the investigator, and the substance of the investigation, to more scrutiny by legal counsel.
Pretexting is simply a tool. It should not and cannot take the place of professional, proven investigative methods. Just because a carpenter has a hammer in his toolbox does not mean he uses the hammer to fix everything. He only uses the hammer when it is appropriate. Pretexting should be considered your “ace in the hole” and used only in certain, limited situations. If you view pretexting as the proper way to start an investigation, then you are not subscribing to basic investigative principles and your practices will catch up to you.
So, how do we combat the attacks made on the concept of pretexting? We only use pretexting when it is lawful and appropriate, and we follow requests as set forth by our clients and abide by laws and regulations governing the use of pretexts.
Rick Raymond, our President and Chief Investigator, has served in Federal & Municipal Law Enforcement and Private Investigations for over twenty years. Well respected in his field, he has conducted complex, advanced investigations for insurance companies, corporations, attorneys, and the private sector. His experience within the claims investigation arena includes Liability, Workers’ Compensation, Property & Casualty, Disability, Motor Vehicle Accident and Traffic Homicide Claims. Additionally, he is a veteran municipal and Federal law enforcement officer and executive protection specialist. Mr. Raymond previously served on the dignitary protection unit for several high ranking U.S. Government officials. He is a Florida licensed Private Investigator and a certified Florida Law Enforcement Instructor through the FDLE CJSTC. Mr. Raymond has trained hundreds of private investigators in the last twenty years and maintains working relationships with investigators throughout the United States and abroad. Mr. Raymond has also authored numerous articles including, “Pretexting & Legal Considerations for Private Investigators”. His integrity, work ethic and diverse experience with complex investigations ensure clients receive solid, professional service. He operates First Coast Resources at www.FirstCoastPI.com and is a corporate intelligence and security director for a privately held firm in Florida.
www.FirstCoastPI.com
THE MONEY MASTERS is a 3 1/2 hour non-fiction, historical documentary that traces the origins of the political power structure. The modern political power structure has its roots in the hidden manipulation and accumulation of gold and other forms of money. The development of fractional reserve banking practices in the 17th century brought to a cunning sophistication the secret techniques initially used by goldsmiths fraudulently to accumulate wealth. With the formation of the privately-owned Bank of England in 1694, the yoke of economic slavery to a privately-owned central bank was first forced upon the backs of an entire nation, not removed but only made heavier with the passing of the three centuries to our day. Nation after nation has fallen prey to this cabal of international central bankers. The success of the central banking scheme developed into a far-reaching plan described by President Clintons mentor, Georgetown Professor Carroll Quigley, to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the worlds central banks which were themselves private …
Private Student loans are no longer dischargeable in bankruptcy just because they have been in pay status for a specified period of time. The only way the loan can be discharged is by proving that repayment of the loan will produce an undue hardship on the debtor/borrower and his family.
Student loans are those debts that are taken out for the expressed purpose of funding one’s college education, and they may be either federal or private in nature. Most students need some type of outside funding for higher education, and it is very essential that they understand the obligations of the loans that they are obtaining.
Most private student loans are backed by the federal government; therefore paying them back is considered a serious obligation the same to taxes. With the economy in its worst shape ever, although with advanced degrees are getting laid off from jobs and suffering reduced earning power. More middle-class people than ever are turning to bankruptcy, which has two major forms: Chapter 7 and Chapter 13. Chapter 7 is a legal liquidation of most consumer debts, while Chapter 13 restructures most debts into a court-supervised, affordable repayment plan.
The dispute against the bankruptcy protection amendment was that its inclusion would eventually make private student loans more expensive as lenders would need to increase rates and fees to cover loans that were in default and discharged in bankruptcy.
Instead of facing student loan bankruptcy, students should take time to research the obligations of borrowing and make use of any federal loans which may be available. In the flurry of paperwork involved in applying for colleges and other institutions of higher learning, there is sometimes little information given regarding preparing for the financial aspects of higher education. Students and parents need to take the responsibility for discovering the sources of scholarships, loans and other forms of financial aid. Guidance offices are usually willing to help, yet it may be necessary for the student or parent to initiate the quest for information.
Protecting Private Student loans from bankruptcy in almost all circumstances means that repayment demands extend effectively forever, leaving even the most destitute debtors with no way out. And bankruptcy exemption makes private student loan providers less cautious about peddling high cost loans to low-income students who might never to repay them.
As long as there are no delinquencies or defaults on student loans currently in repayment, the student should be qualified for additional federal student loans, regardless of any past bankruptcies. However, if some of the student’s federal student loans are in default and were not included in a bankruptcy, the student will not be able to get further federal student aid until he resolves the problem. Students with loans in default should contact the lender (or services or current holder of the loan) to set up a satisfactory repayment plan in order to regain eligibility for federal student aid. (If the loan was discharged in bankruptcy after the borrower defaulted on the loan, it is no longer considered to be in default.)
If one remains current on student loans and does not go into default, there are several ways to defer paying student loans. First, attending school part-time, taking a minimum of six units per semester can defer loan repayment. Second, financial hardship may also permit one to defer payments until a later point. Temporary disability can also help one defer loan repayment for up to three years. All these methods usually require extra paperwork. The extra paperwork can be well worth it to avoid having loans in default status. For more info on private student loan and bankruptcy, go to the website below.
Steve Young is the author of The #1 Secret On How To File Bankruptcy. To get your free CD on How to File Bankruptcy Without an Attorney, go to http://www.onlinebkassist.com
Rehab-Real-Estate: Buying Investment Properties with Private Money
Thanks to private money, obtaining financing to buy investment properties is fast and easy. You don’t have to endure the tedious process of applying for bank loans or wait endlessly for financial assistance that wouldn’t come. Because of this type of non-traditional financing, you can quickly start a real estate investing project as soon as possible.
As the name implies, private money is a type of financing being offered by private individuals or organizations. It is less restrictive and it involves less red tape compared to traditional loans offered by banks, mortgage companies, credit unions, and other traditional lending institutions.
According to the many seasoned real estate investors, it would be wise to seek the assistance of private money lenders if you are having trouble securing funds for your investment properties. It is because compared to their institutionalized counterparts, private lenders are more amiable and easier to deal with. They won’t make you wait for months or years only to reject your loan application. And most of all, private money can give you perks that you won’t get from traditional loans.
First, you can borrow funds from private lenders even if you have a bad credit rating. Now try doing that with an institutionalized lender. You’re definitely going to have a hard time convincing him or her to grant your loan application.
The reason why private money lenders are not interested with a borrower’s creditworthiness is because private money is asset-based. It means that a private lender looks into the after repair value of the property, for which the loan is being made, when assessing a loan application. Thus, if the property can fetch a good price after it has been repaired, then a private lender will provide you with the funds you need regardless of your credit score.
Another advantage of using private money for your investment properties is that it offers you more flexibility and more control. You can negotiate the terms of your loan. You can also ask a private money lender to create terms that suit your financial capabilities.
And most of all, you can protect your credit rating by using this type of creative financing. Because private lenders are private entities, all transactions made with these individuals won’t be reported to the credit bureau. Thus, using private money loans won’t reflect on your debt-to-income ratio.
So if you want to avoid all the hassle that comes with borrowing money from banks and traditional lenders, then you should heed the experts’ advice and use private money to buy investment properties instead. To learn more about private money lending, log on to www.Rehab-Real-Estate.com.
Looking for free financial aid for private school tuition?You are more than likely in the same situation with millions of people out there. You have been working hard for your boss for a while and now you happen to find yourself out of a job. Or in some cases you might come from a household where there is only one source of income coming in and all of a sudden that income is gone. And unfortunately you are now stuck in a situation not knowing what to do next.
Most employers look unfavorably on job applications with a lengthy amount of time on unemployment. So as soon as you apply for your next job, you will unfortunately find that your application is put to the bottom of the list. If you are unsure of what to do in this situation, the next best thing that I can suggest to you is to go back to school. I know you are probably wondering how you are going to be able to go to school when you have bills to pay.
What you can do in a troubled time like this is to take advantage of all the free financial aid for private school tuition programs available. It’s free money for people that are willing to do something for themselves and to better their families. The free money comes in the form of scholarships and the amount you could win can be very high. You can expect to get up to ,000 in free financial aid for private school tuition that you will never have to pay back. Now can you just imagine just how much free money you can get if you sign up for all the free scholarship programs out there. You can have all your bills paid with the free scholarship money and be able to go to school so you can put your family in a better financial position.
Now pay close attention here, The ,000 in Scholarship award that is being given away is also open for all moms, dads and also current students. To register for your ,000 scholarship before the next deadline just click the following link now: Financial Aid For Private School Tuition
Why Is Credit Important For Your Federal And Private Student Loans?
So many people think that credit doesn’t matter with a student loan and that can be true to some extent because there are student loans out there, like the Stafford Loan, that are government loans offered to struggling students. It doesn’t change the fact that good credit is a great principle to institute from a young age.
Many students go through college with minimal payments and are often helped out a lot by parents. This can be a difficult situation for a student after a while because many get out of college and have to start being grown ups now with little experience. When you get that first bill for your student loan payment or maybe numerous payments then it can be daunting.
It is nice to start a lot earlier with credit when you turn 18 back during high school or at the end of it. One of the best things I had for me was that my parents got me a credit card and taught me how to properly use it.
I knew that I should use it for expenditures, but only for ones that I knew that I could pay off at the end of the month. I started to make a good habit with credit cards and the credit bureaus noticed my efforts.
Good credit can go a long way even if you already have a pretty low interest rate with student loans. If anything happens where you have to defer or forbear payments for a bit, it will mean a lot to any lender to see that you have good credit. It shows your financial credibility and can save your skin many times.
It can also help you to pay off loans according to your financial circumstance. Many students can’t make three or four payments for as many student loans and they have to consolidate their student loans into one payment. If you have great credit then you will have a better chance of finding a good lender that would be willing to consolidate and give you a good interest rate on your student loans.
Good credit will bail you out again and again as we saw here. Most importantly is that it sets a mindset that will last with you for the rest of your life.
You will prioritize these consistent payments and make sure to take care of them every period that you have to pay your loans off. These habits can be helpful not only for yourself, but also for the future of your own family and children as you teach them these principles.
So take the time now no matter how little or bad your credit may be to steer your credit in the right direction. Look to establish a credit card even if it is secured or a department store and make on time payments. Make sure you have well known credit card companies that will report constantly to national credit bureaus about your circumstance so they will notice your progress and give you a good report to any lender.
September 23rd, 2010 by Bank Loan | 5 Comments | Filed in News
Question by §£?†¡?£??: Do you think private schools are better than regular schools?
my daughter (7) has been in private school since she was 2(private daycare). I think she knows more that the kids that go to regular school in the same grade. I’m thinking in moving her to regular school(financial problems)
Best answer:
Answer by K.S. THiS Having gone to both private and public I would say from an academic stand point that yes, most private schools are better. After all, you’re paying for the individualize attention and the usual smaller class sizes. Moving her to a public school isn’t so bad but your daughter may have a hard time adjusting being slightly sheltered from much more kids, diversity and more complex social situations.
