How To Consolidate Student Loans – Federal Versus Private Loan Consolidation

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Student loan consolidation can be used by student or parent borrowers to combine their multiple education loans into one loan with one monthly payment. As any student can take either federal or private student loans, he or she can also take a federal or private consolidation loan to make the education debt more manageable.

Both federal and private student loans offer significant benefits, but federal loans offer borrowers many benefits that don’t come with private loans; for instance: low fixed interest rates, income-based repayment plans, loan forgiveness and deferment options. While some private lenders may offer them too, it usually is associated with some strings attached.

For those reasons, every borrower should always exhaust federal student loans options before considering a private loan. The same advice applies to consolidating student loans – always look at federal consolidation loan first and only if you don’t qualify for a federal loan of it is not the right choice for any reason, and then seek a private consolidation loan.

It is important to remember that a federal student consolidation loan can’t include any private loan. Moreover, if you consolidate your federal student loan into a private consolidation loan, you will lose your federal borrower benefits mentioned above (unless you private lender tries hard to get your business and includes them in the offer).

There are important differences between federal and private student loan consolidation.

First of all, with federal student loan consolidation, you will have a fixed interest rate, while private student loan consolidations are credit-based, which means that your consolidation loan rate will not be locked – it will be variable. So, while you will not have to go through credit check in order to apply for a federal consolidation loan, you will need it to secure a private consolidation loan.

Student loan consolidation rates are determined differently for federal and private consolidations. The interest rates for federal loans are set according to a formula established by federal statue. It’s a fixed rate, based on the weighted average of the interest rates on each of your loans at the time you consolidate, rounded up to the nearest 1/8th of a percent and capped at 8.25%.

As private student loans are not funded by the federal government, they are subject to the terms determined by each individual lender (bank, credit union, other financial institution) and the market competition. In private student consolidation loans a borrower’s credit is the primary factor in the variable interest rate offered to the borrower. As the base for setting the consolidation loan interest rate, the private lenders most often use the Prime rate or the 3-month LIBOR Rate, to which they add a margin. That margin varies from lender to lender and is applied according to the borrower’s credit rating.

With regards to the interest rate on the consolidation loan, it’s typical for both federal and private consolidation loan to include 0.25% rate reduction for automated debit payments.


Homeschooling Facts For New Parents – Home schooling Information

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Some parents may feel uncomfortable sending their kids to public or private schools. This can be for a number of different reasons. Outdated curriculums can persuade parents into believing that homeschooling is their best option. Others object to the nature of subject matter taught to students partly due to religious reasons. Parents who believe that schools are unsafe also opt for homeschooling. In some areas of the country this is indeed a valid reason.

There are a lot of ‘Pros’ when choosing to homeschool a child. The child can be given individual attention, where statistics show that children schooled at home often fare better in academics. Curriculums given by schools may not benefit every student, hence parents are able to teach their children specific curriculum that can benefit them the most. Hiring tutors is a common way that parents homeschool their kids. Those parents who dont have the time or sufficient knowledge to teach their children should follow this method if they choose homeschooling for their kids.

Homeschooling provides a great way to improve the bond of family members. Kids might also have some extra time for activities that they enjoy since the time spent on teaching can be shortened through home schooling.Children being homeschooled must acknowledge their situation, because rules set at home might be tougher to be consistent with. However, “Introduction to Homeschooling” includes a detailed section on overcoming common problems that you or your child might face.

Parents who homeschool their kids may need a lot of help as they are not trained educationalists. Going to public institutions will help provide you with some essential information, however “Introduction to Homeschooling” book offers a list of resources you can check out. Many books and video progams can offer a huge amount of information on homeschooling children. Parents can discuss common problems and seek guidance from those who have understanding and experience on the subject.

“Introduction to Homeschooling” is an excellent resource for parents/ guardians who want to implement a homeschooling program for their children. This homeschooling information provides the essential processes needed to be carried out when homeschooling a child. It also gives you study planners and timetables so that your child is able to learn on a consistent level.

Follow the link below and you are now capable of providing your children with the tools and education they need to learn without the many problems that occur in regular schooling conditions.

>>>>> www.childrenhomeschooling.com


What is School Admission Exercise for International Students (AEIS), Singapore

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Schools Admission Exercise for International Students (AEIS) is by Ministry of Education (MOE), Singapore, MOE conducts a centralized test around Sep./Oct. annually for new international students who wish to join the mainstream public primary and secondary schools in January of the following year.International students who do not have a place in a local school and who wish to seek admission into Primary 2-5 and Secondary 1-3 are eligible to take part, but they have to pass the AEIS examinations for admission into government school. AEIS, by Ministry of Education (MOE) Singapore, examination is conducted only once a year.

English is the medium of instruction in the test, thus student applicant are strongly encouraged to prepare themselves in advance of the Schools Admission Exercise for International Students (AEIS) tests. Student applicants should be well versed with the English and Maths syllabi of the level preceding the one they are applying for. An applicant who applies for Secondary 3 should have enough knowledge with Secondary 2 content. An applicant who wishes to seek admission to Primary 3 and is assigned the P2/P3 test should be familiar with Primary 1 and Primary 2 content. An applicant who wishes to seek admission to Primary 2 and is assigned the P2/P3 test should be familiar with Primary 1 content.

glad to help in your preparation.

International students who passed in the Schools Admission Exercise for International Students (AEIS) Tests are advice to prepare themselves in advance for a new school environment where English is the main language of classroom instruction, and should familiarize themselves with the relevant curriculum for their level.
Preparatory course is offered for foreign students seeking admission to government schools. It prepares students to take the Schools Admission Exercise for International Students (AEIS), which involves a centralized test on English and Mathematics. In addition (where necessary), students are also prepared for the Qualifying test (QT) and Principle Academic Certified Test (PACT) should they miss the AEIS test. The key subjects taught are Mathematics, Science and English. The contents taught are based on the syllabus as outlined by the Singapore Ministry of Education.
Students who fail the AEIS examination may choose to take the Qualifying Test (QT) the following year between January to June. The QT is conducted once a month by the MOE.

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Essential Information About The Cincinnatus Scholarship Competition

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If you are looking for scholarship programs to aid your college education, you definitely would have encountered several student financial aid that provide favorable scholarship grants to people who have excelled in their field. These scholarship programs aim to motivate students to do their best on their chosen career path by providing generous amount on scholarship grants. One of these programs that provide huge amount on scholarship grants to deserving students is the Cincinnatus Scholarship program. This scholarship competition is open to all incoming freshmen who have displayed exemplary performance on their academics.

The Cincinnatus Scholarship program is majorly sponsored by the University of Cincinnati. With the huge amount that a student can receive from the scholarship competition, many high school seniors are enticed to try their luck on the event. Unlike any other scholarship grants available in the United States, the awards are automatically awarded to students demonstrating academic excellence, student leadership and impressive personal growth. The scholarship committee send invites to promising students from different high schools all over the country as recipient the for the Cincinnatus Scholarship award. The beneficiaries of the scholarship program would compete for the total of $18 million worth of renewable four-year scholarship awards.

Eligibility for the Cincinnatus Scholarship competition is determined by the results of the official test conducted by the scholarship board and the Grade Point Average (GPA) of the high school student. The scholarship program requires the student to have a minimum high school GPA of 3.2. The results of the assessment are determined by the respective academic programs chosen by the students.

The Cincinnatus Scholarship program awards $80,000 to each student who would qualify to the Cincinnatus level award. Only ten lucky students are chosen to receive this prestigious scholarship grant. The $20,000 yearly allowance for a period of four years would cover for the full tuition as well as other educational expenses of the selected student. Aside from the top qualifiers, the scholarship program also gives awards to 100 Founders, 600 University and other Century awards to those who have made it to the list of eligible students. To retain the scholarship for four full years, a student should maintain a GPA of 3.2 and complete a total of 30 hours in community service.


All The Indian States Should Provide Kids Education Free Of Cost

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Right to education is one of the basic rights that are given to all the citizens of the country. After independence, many efforts have been made by the Government of the country to educate the people. At the time of independence, the literacy rate of the country was very low of around five to ten percent. The government has taken many steps and recommended many reforms. For spreading education and making it easily accessible to the masses, the Government opened many schools across the country for spreading education. Free education was provided at these schools.

The main aim was to ensure that the people should come to this school and get educated. At that time, the Indian government had asked many big industrial firms and rich people to open schools in order to help them educate people. Many schools were opened by these people to educate the common mass. After the combined efforts by the Government and the nonprofit organizations, the literacy rate in India has increased.

At the end of British rule in 1947, the literacy rate in India was 12% and the present literacy rate in India is 74.04%. India has achieved a lot of success as far as increasing the literacy rate is concerned. But the country has to go a long way as far as achieving the literacy rate is concerned. In various states in India, there is a lot of disparity in the literacy rate. The Government has to take many steps to remove the disparity in terms of education in between various states of the country. Making education is one of few steps that will help in increasing the literacy rate in the country.

One step the Government is taking is that it is opening nursery schools across the country to provide elementary education to the small children. The public schools earlier provided free of cost education to the students. But later a nominal amount was charged. The disparity in literacy rates in various states has to be looked into. The government should also provide the people with public directory India where they look for schools where their children can study. All the facilities and contact information for the schools must be mentioned in the directory. This directory must be available for both offline and online so that the students can access the same from anywhere and anytime.

The writer of this article is a school adviser in OnlineSchoolAdmissions.com and providing free of cost consultancy to parents and schools for fast and easy online school admissions in the pre-schools of India as per their choice. Parents can look for Schools Directory list on the site from where they can get information about Best Schools in Kolkata, CBSE Schools in Faridabad and ICSE schools in Ghaziabad.