College: Skyrocketing Costs, Student Debt, and Budget-Wise Choices

Not only do student loans and their accompanying debt keep making news, such lending has become big business for the federal government. In fact, federal student loans have nearly doubled since 2007, with the result that the U.S. Department of Education realized a profit of more than $42.5 billion in the past fiscal year. Plus, had Obama and Congress not temporarily lowered student loan interest rates this summer, that figure would have been about $8 billion higher, thus edging out 2011’s whopping $47.9 billion haul.

The other result: Student loan debt now stands at some $1.2 trillion. “That,” says Federal Reserve chairman Ben Bernanke, “is a burden which is affecting, for example, the ability of young people to buy a first home, affecting other purchasing decisions they might make, affecting obviously their overall financial condition.”

Meanwhile, Bellevue University’s study,”The Search for Affordable Alternatives: Rising Costs and Massive Student Loan Debt Put College Out of Reach for Many,” found that:

  • 68% of Americans believe degree programs currently cost more than they’re worth.
  • 36% said a degree’s costs have risen disproportionately to its value in the last 5 years.
  • 76% said affordability would be important to them if they were to pursue a degree.
  • 37% said that affordability would be most likely to motivate them to earn a degree in the next five years.
  • Just 40% said that obtaining more education is worth taking on more debt.
  • 55% said they would only pursue a degree if it would not put them into debt.

About such results, Bellevue’s president, Dr. Mary Hawkins, says, “Students of all ages understand the value of earning a degree, but many students are unable to pay more than necessary to earn these degrees. If colleges and universities make their programs more financially accessible, it will give more adults the opportunity to learn the skills necessary to fill the high-tech, high-school jobs of the future.”

So just how much does college cost nowadays? According to the College Board’s “Trends in College Pricing,” on average:

  • At public colleges, in-state tuition and fees rose 2.9% to $8,893.
  • At public colleges, out-of-state tuition and fees rose 3/1% to $22,203.
  • At private colleges, tuition and fees rose 3.8% to $30,094.

Then there’s room and board to pay for, as well as books and school supplies. The latter alone are estimated to add up to about $1,200 at public colleges and $1,244 at private schools.

In other words, we’re talking big bucks here, and costs keep rising. Nevertheless, college and debt don’t necessarily have to go hand in hand. Choice matters and bargains are out there, especially when it comes to in-state tuition. Going public, not private makes a lot of sense, too.

Take a look, for instance, at these three Pennsylvania universities and their 2013-14 tuition costs:

  • Bloomsburg University: $6,622 (in-state); $16,556 (out-of-state)
  • Penn State University: $16,992 (in-state); $29,556 (out-of-state)
  • University of Pennsylvania: $40,594

You get the picture.

Benefits of Education From an Online High School

Whether you are an adult who never completed your primary education or the parent of a child in need of special attention and flexibility, getting a diploma from an online high school may be the right choice for you. With this option, you will have a number of benefits. You will be able to take control of your education. You can learn everything you would be taught in a classroom in the comfort of your own home. You can take charge of the decisions that you make and the path that you will take during your education.

An online high school can offer an array of advantages. Mostly, you will have complete control over your education. You will have the ability to study your own assignments at your own pace. You can focus on the assignments that may take you a bit longer to complete, while easily and quickly going through assignments that are easier for you. The flexibility on education on the Internet is unmatched. Most programs allow you attend your virtual class at any time of the day, so you can work around your busy schedule. Many people that take classes on the Internet have busy schedules and often full time jobs. This form of education will allow you to work on your own terms and on your own time.

Traditional education for many people means more than just learning. When getting your diploma on the Internet, you can avoid the distractions that come along with the traditional classroom. You won’t have to deal with the cliques and other distracting students while you work on your own time. You can study when you want and where you want. Plus, many times a teacher in a traditional classroom just cannot spend extra time during class time helping each individual student with his or her own specific problems. When working within the online high school, if you do not understand a particular topic, you can take your time and pace yourself to gain a better understanding of the subject.

Whether you are an adult with a full-time job, and you want to move up in the world, or you think that your child would benefit from the pacing and attention involved in an online high school, this educational choice may be the one for you. There are a variety of options out there, so do some research and find out which one will work best for your circumstances.

How Online Education Transcends Success

Distance learning is gaining trust among students looking to upgrade themselves for better career prospects. Distance learning serves as an alternative for students looking out for graduation without undergoing any form of conventional classroom learning. With the rising competitiveness in the market, more and more adults are taking interest in pursuing higher education. Considering the rise in interest for higher education via Distance learning, education providers are looking forward to offer new technologies in order to meet this demand.

Online institute no doubt offer much of freedom and flexibility. Most students enrolling for accredited online degree program courses are working full-time and doing well in their jobs. They need a source of income to run their family’s expenses and quitting jobs mean inviting financial problems. So, in order to upgrade their educational qualifications along with a job, distance learning courses are the preferred choice.

In online classes and course, students study about the business world via technical characteristics of an internet. The online classes and courses are accomplished on the internet in several different methods. The seminars and lectures can be brought on the internet and there are several of options for downloading and file uploading, forums, web chatting and video streaming. The students enroll in online degree program will be capable to reach the syllabus on the internet and normally there will be standard sessions with the other students and teachers. Just like the other course, classes are focused to the similar great standards while the homework is all the times present.

Distance learning is available for a wide spectrum of courses. And these courses have been steadily getting the popularity in the past few years due to the many different advantages which the students can get from them. And the very first advantage is a convenience thing. Persons don’t have to go away their residences to take the classes. So that is why they can save their lots of money and time. Furthermore, it is perfect for those online students who have to manage academic, professional and family responsibilities. Another added benefit is that students have access to learning anywhere and at any time with no limitations and restrictions time and location of study. It gives students ample time to spend with their family and work. Also, distance online education saves the time and cost incurred in traveling.

The choice to become successful in your job depends upon your skill to obtain the right field regarding examine that fits the academic needs as well as profession targets.

Learn the Basics of an Unsecured Loan – Is It the Best Choice?

Personal unsecured loans allow a person to borrow money for whatever reason they need it for. This includes, new businesses, or even high-end things like jet skis or a new car. Once one has decided to get a personal unsecured loan they should definitely explore their options.

First, one should understand what it means when a loan is not secured. This means there’s no necessary collateral in order to get the loan. If worse comes to worse and the loan isn’t repaid then it’s less risky because no property will be lost or held until the loan is paid. This is more comfortable for most as there are no immediate consequences giving them time to recover.

The majority of the risk rests with the lender with a personal unsecured loan. If the loan goes south they have nothing to sell in order to recoup the amount. They will undoubtedly pursue the funds and even take legal action against the borrower such as garnishing wages. Due to the high level of risk, borrowers should expect higher interest rates. Plus, the loan acceptance does depend on credit somewhat. Good credit equals lower interest, and bad credit may produce either higher interest or even a co-signer.

Here are the basic types of personal unsecured loans:

Signature loans – these are the most simple variation of an unsecured loan. They are only secured by the borrowers promise to pay. They can be obtained at credit unions and banks, and the money can be used for anything. The fact that they’re installment loans mean they are borrowed and repaid in fixed, monthly payments.

Even better, a signature loan can help a person build credit and get even better future rates. So, it is by far the best personal unsecured loan on the market.

Credit cards – another popular method for a personal unsecured loan is by obtaining credit cards. A bit on the riskier side, they still give the borrower a pool of money to use as they wish with no questions asked. A credit limit will be assigned and the borrower can charge as much or as little as they please and pay it back monthly.

The only downside to credit cards is that they fluctuate as far as interest rate, with some having an initial low rate as an introduction and then it goes up after an amount of time. It’s easier to spend with credit cards because swiping them for purchases is super easy. Offers exist online and via the mail.

P2P or Peer loans – Consider a P2P loan as a form of personal unsecured loan. Basically, it is borrowing from an individual and not a bank or other traditional lender. These loans are available online, on specific websites and there is a chance that no one will actually pick up the loan, but it’s worth a try. They are installment loans with a fixed rate and they do look at credit.

Student loans – Student loans are personal unsecured loans made just for education funding. They’re a good choice because they carry features that aren’t readily available through other means. They offer flexible repayment, grace periods and more. Some don’t even concern themselves with credit score, they only care if the borrower is a student.

These loans are available through the financial aid office of the institution being attended. The professionals there will help the student through the application process and explain all the ins and outs.

Montessori Preschool Curriculum Choices and Benefits

Choosing a Montessori preschool curriculum is key to a successful educational program. Maria Montessori’s teaching method encourages young children to develop a strong sense of individuality, responsibility, and promotes their natural strengths. When choosing a Montessori preschool curriculum it is important to ensure that the essential core elements of the program include Mathematics, Language Arts, Sensorial Activities, Cultural Awareness, and Practical Life skills.

The number one principle of Montessori education is that children retain best when they are involved in independent active play and learning. The Montessori preschool curriculum should allow for children to play independently, while the parent or teacher is the facilitator between the child and the curriculum.

Another wonderful benefit from choosing a Montessori preschool curriculum is that children are allowed to work at their own pace. This helps the child gain confidence as well as self-esteem- two important qualities that are developed through Montessori education. The Montessori educational method believes that all children have a natural desire for independence, creativity, and to achieve self esteem through mastering tasks. You will also find that Montessori curriculum is most effective when used with small group settings. This is easily obtained for those who are using the program at home with one child, but in the daycare or preschool settings where there are small groups of children, it will be beneficial to have children work individually.

The basics of Montessori encourage and foster independence. Therefore, most Montessori preschool curriculum choices will involve children working from one activity to the next. The teacher never forces a child to work or complete a task but is there to gently guide and oversee. The teacher will ask the child questions regarding which activities the child feels comfortable with and will offer their assistance if needed. By providing support and encouragement, the child will gain self-confidence and master skills according to their own time frame.