Posts Tagged ‘payday’
Monday, October 5th, 2009
Some investors who can process emotions quickly enjoy foreign stocks. Non-U.S. stocks are idea investments with great idea complexity. The romantic, foreign traveler who realizes the risk but enjoys the hunt can have fun here. Foreign and emerging markets are less picked over than the U.S. market. In the midst of the chaos, there are tremendous bargains. If you like to read about China and Israel, travel to Turkey and Paris, or think about Euros versus yen, then this may be in your comfort zone. For the foreign traveler, who is practically addicted to foreign investing, 50 stocks will provide a lifetime of entertainment. But most investors will be rattled by the volatility and dishonesty.
Even local investors are turned off by the irregularities overseas. Investors in most foreign and emerging markets invest in bank savings instruments, government bonds, and real estate. Only in the last five years has there been general interest in stocks. Huge American brokers, mutual funds, and investment banks see tremendous profits to be made from instilling an “equity culture” overseas. Not only can they sell products to overseas investors, but they can sell U.S. investors turned off by the U.S. market hot foreign and emerging market products.
Vast amounts of propaganda have been produced to instill equity culture overseas. The two pillars of the platform are that stocks are the best investment for the long-run and stocks are the only investment with returns high enough to save the shaky retirement systems of European and Asian countries. Respected newspapers and magazines looking for large ad revenues from the campaign have joined the chorus. Politicians looking for votes have enacted 401(k)-type legislation. Unfortunately, equity culture is not likely to make many investors happy.
Tags: payday, personal finances, profit managing, stock exchange, student loans
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Friday, April 17th, 2009
Borrowers who have an outstanding loan balance on at least one loan that was made before July 1, 1993 are eligible for other types of deferment. Visit www.ogslp.org for more information or to download the appropriate deferment form.
Forbearance
If you’re unable to make your scheduled payments but in¬tend to repay your loan, you may request a forbearance to:
- Stop making your loan payments for a short period of time.
- Extend your repayment schedule.
- Make lower payments on your loan for a period of time.
Note: During forbearance, interest charges continue to accrue. The capitalized interest charges add unpaid interest to your principal bal¬ance, increasing both the total amount to be repaid and the monthly payment amount. You have the option to make interest payments to keep your principal balance from increasing due to capitalization.
Tags: credit cards, credit score, getting out of debt, home value, local markets, payday, personal finances
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Thursday, April 16th, 2009
The monthly repayment amount and time period are determined by your loan amount and schedule of repayment. Loan holders offer four repayment schedules to accommodate your needs.
1. StandardRepayment Schedule
- This plan is the most financially effective way to pay off your student loan while minimizing interest costs.
- Payments are due monthly, excluding periods of deferment or forbearance.
- This schedule has a 10-year repayment term.
2. GraduatedRepayment Schedule
- This plan is ideal if you have limited income but expect to have higher earnings in the future; however, total interest costs are typically higher over the life of the loan.
- Monthly payments are lower at the beginning of the repayment period and increase over time.
- This schedule has a 10-year repayment term.
Tags: credit cards, getting out of debt, home finances, home value, local markets, money advice, payday
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Tuesday, April 14th, 2009
StaffordLoans – After you graduate or drop to less than half-time enrollment, you’ll receive a six-month grace period before the first loan payment is due.
GradPLUSLoans – Your first payment is due within 60 days after the loan is fully disbursed. You may receive an in-school deferment on your Grad PLUS loan while enrolled at least half-time at an eligible school. For Grad PLUS loans first disbursed on or after July 1, 2008, the post-enrollment deferment permits you to defer your loan for the six-month period immediately following the date on which you ceased to be enrolled at least half-time at an eligible school.
Before the grace period expires on your Stafford loan or before the first payment is due on your Grad PLUS loan, you’ll receive a repayment schedule* which includes:
- Available repayment options.
- Outstanding loan balance.
- Interest
Tags: credit cards, credit score, home foreclosure, local markets, mortgage, payday, personal finances
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Monday, April 13th, 2009
It’s your responsibility as a borrower to repay the total amount of your loan, plus any interest that has accrued. However, there are some programs that allow your student loan debt to be forgiven.
TeacherLoanForgiveness (TLF) Program. All or a portion of your Stafford loan debt may be forgiven if you’re eligible for TLF. You must have received a Federal Stafford loan after October 1, 1998, teach certain high-demand subjects for five consecutive complete years, and meet all other participation re¬quirements. For more information about TLF, visit www.ogslp.org.
Disability. Your student loan debt may be conditionally discharged and later canceled if you become totally and permanently disabled. The appropriate documentation verifying your permanent and total disability must be certified by your doctor and accepted by your loan holder. If your loans are conditionally discharged, they’ll be permanently assigned to the U.S. Department of Education for a three-year period,
beginning on the date your doctor certifies the discharge application, before your debt is completely canceled.
Tags: banking, credit score, getting out of debt, home value, payday, personal finances, stock exchange
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