Tag: Basics

Student Loans- Some Basics

Student Loans- Some Basics

Thinking about getting a student loan to help pay for your college education? You’re not alone. About two-thirds of all people attending public and private colleges and universities take out student loans. This is a necessity because the cost of higher education has soared in recent years. The Project on Student Debt reports that for 2007 graduates, the average student borrower graduating from a private institution had a student loan debt of $ 25,700, and the average graduate borrower in a public institution has a debt burden of $ 19,400.

What Is A Student Loan And Why Did Student Loans Come Into Being?

These might seem like simple questions, but the mechanism is quite complex. Obviously a student loan is money that is lent to a student to pay his or her expenses while pursuing a course of study at an institution of higher learning. These expenses include room and board, tuition, text books, perhaps travel to and from school, and other student fees and expenses. The complexity arises because most students are young and have not established a credit history which would enable them to get a loan. Also, the repayment schedules can last very long, sometimes as long as repaying the mortgage on a house, for example. Essentially the student and the creditor are betting that with the degree earned in college the student will earn more money in his or her profession than he or she would without the degree and that with the proper repayment terms the student loans will be affordable for the student for the life of the loan. Student loans can be government backed loans or private loans. All students should start their loan search by applying for government backed loans before looking at private loans. Government backed or federal loans have many advantages that private loans do not.

How Do I Apply For A Student Loan?

After sending in an application to one or more colleges and universities, you must fill out a FAFSA (Free Application for Federal Student Aid). The Department of Education will then complete a SAR (Student Aid Report) and this is sent to the institutions to which you applied for admittance. These institutions will then determine your EFC (Expected Family Contribution). This is used to determine how much federal student loan aid would be available to you. The difference between the amount of student loans you can secure and the total cost of your schooling is the amount that you and your family will have to come up with. PLUS loans (Parental Loans for Undergraduate Studies) are federally backed loans available to the parents of students, and about 10% of student families take out PLUS loans to help supplement college costs.

Some Basic Advice

After leaving school and starting your work career it will be time to start paying back your student loans. Whatever you do, do not default on your student loans. If money gets tight you can change your repayment plan to have lower payments. In some cases you can defer payments for a while. You might even qualify to have some of your debt forgiven if you go into the military, public service, work for a federal agency, or are employed in certain healthcare jobs. But in any case do not default on your student loans because if you do you will lose some of your options, not to mention creating a bad credit rating that will make your life difficult for quite a few years. It is truly a shame that about 20% of student borrowers reportedly have delinquent loans after only 3 years of loan repayments. You should make an effort to know your repayment options and avoid being part of that 20%.

Can I Get Out Of My Student Loans By Declaring Bankruptcy?

No, neither federal nor private student loans can be dismissed if you declare bankruptcy except under very rare instances, so that is not a real option.

Walt Ballenberger is founder of Student Debt Consolidation a resource site with articles and information about student loans and management of student debt and credit card debt. For more information about how to lower the costs of higher education visit Student Debt Consolidation.

Related Student Loans Articles

Power of Attorney – Special Power of Attorney: The Basics

Power of Attorney – Special Power of Attorney: The Basics

A power of attorney is a piece of paper. With it you give someone the power to act for you. The person acting for you is your agent also known as your “attorney-in-fact.”

(So, if you have always wanted to be an attorney–here’s your chance. Just have someone execute a power of attorney and…presto, you are now his attorney–attorney in fact, that is.)

Note: as you probably know, to become an attorney-at-law is a whole other story. And I’ve written an article on that too–which is well worth reading.

There are two basic types of powers of attorney: general power of attorney and special power of attorney.

A general power of attorney is not limited to a specific purpose. If you just want someone to be able to act for you while you are out of the country then the general one is what you need.

A special power of attorney is used to give another person authority to do one specific thing. For example, if I want to get authority from my client to sign his name to a check I can use the following:

Special Power of Attorney

I, name of client, do hereby grant my attorney Rex Bush a special power of attorney to sign my name to the insurance settlement check so that I don’t have to drive to Salt Lake City from Moab to do the signing.
Client Signature & Date

As you can see this does not require a notary seal. This is a power of attorney in its simplest form. You can dress it up from here and add legal mumbo jumbo as needed to create a power of attorney that you feel good about. However, if you are “ok” with a simple English document, so are the courts.

Now let’s say you are in Iraq, on active duty. You want your wife back in Sandy, Utah to renew your car’s registration but she can’t without your power of attorney. Here’s what that might look like.

Special Power of Attorney

I, Andy Rasmussen, do hereby grant my wife, Jesica Rasmussen, a special power of attorney to sign my name to any documents needed to accomplish re-registration of my 1956 Plymouth Fury so that I don’t have to return from Iraq just to re-register my car.
Andy Rasmussen Date

This is another power of attorney in simple form. Once again, no notary seal is required but you can always dress it up a bit if you like.

Let’s try one more. Let’s say you are buying your first home. Your wife can make the closing but you can’t.

Special Power of Attorney

I, Sam Bidwell, do hereby grant my beloved wife, Greta Bidwell, a special power of attorney to sign my name to any and all closing or other documents at the closing of the home we are purchasing at 1308 Howard Drive, Albany, Oregon.
Sam Bidwell Date

Once again–very simple.

Conclusion

A special power of attorney is a very simple document. You don’t need to make it complicated. Use it to grant someone the power to act for you on one limited occasion.

In 25 years as an injury attorney Rex Bush has successfully handled over 1014 cases, his largest settlement to date is 3.25 million dollars. Visit his website: Utah Personal Injury Attorneys

Related Attorney Articles

Power Of Attorney – General Power Of Attorney: The Basics

Power Of Attorney – General Power Of Attorney: The Basics

A power of attorney is a legal document. You use it to give someone the power to act for you. You are the principal. He is your agent. The person acting for you is also known as your “attorney-in-fact.”

Two types of powers of attorney are the general power of attorney and the special power of attorney.

A special power of attorney is used to give another person authority to do one single thing.

A general power of attorney is not limited to a specific purpose. If you want someone to be able to act on your behalf while you are out of the country then the general one is what you need.

Now let’s say you are going to Afghanistan, on active duty. You want to give your wife power to do just about anything while you are gone.

Here’s a how a general power of attorney for that purpose might look:

General Power of Attorney

I, Andy Rasmussen, do hereby grant my wife, Jesica Rasmussen, a general power of attorney to perform any action on my behalf and to sign my name to any documents needed to accomplish said actions until I return home.
Signature & Date

A notary seal is not required but if you are leaving the country for military service you might want to dress it up a bit and include a notary section. Then sign the power in front of a notary just so your wife doesn’t have any trouble with it while you are gone.

Now let’s say you are caring for your invalid mother. She’s not mentally incompetent…yet. But, she does want you to take care of her affairs and pay her bills. A general power of attorney is what is called for. Here’s how it might look.

General Power of Attorney

I, Sally Smith, do hereby grant my daughter Louisa Lewis, a general power of attorney to handle any and all of my affairs, to include personal, business and other.
Signature & Date

Once again, given the circumstances it would be best to have a notary section on this one and to get it properly notarized.

Durable Power of Attorney

Let’s say Louisa in the above example is worried about her mother becoming mentally incapacitated. In that case Louisa might have to go to court to get the right to manage her mother’s affairs.

What’s called for is a “durable power of attorney.” It’s still a general power of attorney but in this case we’ll make it durable so it continues even if her mother becomes mentally disabled. Here’s how it might look:

I, Sally Smith, do hereby grant my daughter Louisa Lewis, a general power of attorney to handle any and all of my affairs, to include personal, business and other. This power of attorney shall continue and survive even if I become disabled whether mentally disabled or physically disabled.
Signature & Date

For sure you would want to have this one notarized and it would be best that you had it drafted by or at least approved by an attorney who works primarily in the area of estate planning.

It is common to see some very comprehensive (10-20 page) General Durable Powers of Attorney. The reasoning behind these very thorough documents is that some financial institutions are very reluctant to rely upon broad, sweeping statements that a principal has granted ALL authority to their agent to do WHATEVER they would be able to do.

Some institutions or people who are dealing with an agent want to see very specific language that pertains to the actual transaction that they are carrying out on behalf of the principal. This just raises the comfort level of some people when dealing with an agent.

Also, in some states there is no penalty for not honoring a power of attorney. If someone chooses not to deal with an agent because they have their doubts about the power of attorney there’s no penalty for refusing to honor the power of attorney. At that point, one would have to establish a guardianship/conservatorship (which, of course, is not a very desirable outcome).

Conclusion

A general power of attorney can be a very simple document. However, since they can be used so broadly, it is best that they be given more care and attention than a simple special power of attorney. When dealing with the aged or infirm you should consider a durable power of attorney. Have an attorney draft it or at least review it.

Acknowledgment

The information on durable powers of attorney was written with the assistance of attorney J. RobRoy Platt of Lehi, Utah. Mr. Platt’s law practice focuses on estate planning issues.

Disclaimer

This article is intended to inform about powers of attorney. Please seek legal advice in your state of residence if your power of attorney involves any matter of consequence.

In 25 years as an injury attorney Rex Bush has successfully handled over 1014 cases, his largest settlement to date is 3.25 million dollars. Visit his website: Utah Personal Injury Attorneys

More Attorney Articles

The Basics of Domain Enrollment

The Basics of Domain Enrollment

The Essentials of Domain Registration

As the number of firms supplying offered domain name names enhance, the numbers of individuals who are taking part in domain name enrollment also increase. This is just the domino effect scenario when it involves domain, right?

So for those that are planning to go through for a domain enrollment, some important points specifically concerning the essentials or the ABCs of the domain enrollment have to be paid attention. Recognizing the ABCs of domain enrollment will certainly aid you to grab the appropriate domain as well as at same time for a simple and smooth process of domain name enrollment.

First things first, before you go with a domain name registration it is crucial that you know the nature of the domain name. So just what it is? The domain name is essentially the address on the internet. It is generally made up of two huge parts, the top level domain and the mid level domain name or the second degree domain name. For instance, in yourdomain.com, the “. com” is the leading level domain, and also the “yourdomain” is the 2nd level domain.

Mentioning the leading degree domain since this plays a large role in selecting the best domain for domain name registration; numerous experts have noted that prior to you opt for a domain registration, you need to recognize your leading degree domain. The.com is the most typical leading level domain name that is utilized today, for it represents business domains. Certainly there are various other kinds as well as each has its very own usages as well as functions.

In addition, when you choose a domain name registration, you ought to understand that the domain name that is become part of the domain registration contact details is included in a database of all the offered domain names. As such, your call, billing, management get in touch with, as well as your domain web server or DNS is included in this data source. It is for the primary reason that when someone lookup for a website, you are basically accessing this huge database for all of the domain names entered with a domain name registration, and also such data source guides you to the necessary DNS to access their data source to find which computer your web site gets on.

Likewise of vital consideration for a successful domain enrollment is the recognition that a domain name might contain letters, numbers, as well as hyphen. Many of the domain names registered today end in the above top level domains, of which.com is one of the most popular. Prior to a domain registration, you need to freshen your mind that a domain name can not begin or finish with a hyphen, and no area is allowed previously, in between, as well as after your domain. And you could have characters in your domain name enrollment for up to 67 personalities, however, it is kept in mind that the much shorter the domain, the much better.

So attempt to keep it below that length for better compatibility. Lastly, in the domain enrollment, you need to be mindful that it is only the domain registrars that could handle all the process of domain enrollment. No person could gain access to and also change the domain data source except the domain registrars. So if you intend to choose a domain registration, the domain registrars is the initial source that you must approach.


Mortgage Basics

Mortgage Basics

If you’re new to buying a home and don’t have the time to read an encyclopedia on mortgages, this is the article for you. We’ll go over some basic mortgage terms and concepts to get you started.

The decision to purchase a home by taking out a mortgage is both serious and far reaching. You’ll be either increasing or entering into debt, which means you’ll be responsible to make significant monthly payments. There will also be upfront fees you must pay. Thus you should make sure that you understand the mortgage process and pick both your loan program and your lender wisely.

You’ll want to understand some basic terms so that you can better compare mortgage options: rate, APR, closing costs, Mortgage, monthly payment, fixed, and ARM.

What is a mortgage? A mortgage is a loan that uses your home as collateral. This means the mortgage owner can take possession of your house if you default on the terms of your loan. Mortgages are used to pay off existing mortgages (this is called a refinance) or to purchase homes.

The term “rate” refers to the percentage used in calculating the amount of interest you’ll pay for your loan. The interest is essentially your cost for borrowing money. If the interest rate remains the same throughout the loan term, then the mortgage is considered a “fixed-rate” loan. On the other hand, if the rate can change, then the mortgage is called an adjustable rate mortgage or an ARM.

While interest is the cost of borrowing money, there are additional costs associated with the mortgage application process. These costs are called “closing costs”. They include fees for checking your credit history and scores, applying for the mortgage, verifying that you qualify for a specific loan program (this is called underwriting), originating the loan, title search and insurance, and having the property’s value appraised.

Brokers and lenders can charge different amounts for these closing costs, which makes using the interest rate by itself an ineffective method of deciding where to buy a loan. Instead of comparing interest rates, you should compare what is known as the Annual Percentage Rate or APR, since it is calculated by adding the closing costs to the loan amount. It provides a more standardized number for comparing loans among lenders.

When choosing a loan, pay special attention to the loan’s total monthly payment. This amount includes what you’ll pay on principal and interest, property taxes, hazard or homeowner’s insurance, HOA dues, and mortgage insurance. When mortgage insurance is factored into your monthly costs, some loans with a higher interest rate might actually have a lower monthly payment. You could end up paying less overall if you pick one of those loans.

If you’re wanting a Utah mortgage or a Salt Lake City mortgage, visit us at www.directhouse.com.

More Mortgage Articles

The Basics Of Google Seo

The Basics Of Google Seo

Everybody wants a place sat proudly at the top of Google so much so that they try all kinds of methods to get there, however the only one that really works is google seo. Google search engine optimisation is basically implementing the webmaster guidelines and trying to make you site content as spider friendly as possible.

Over the past 5 years Google has become more and more focused on off page seo factors, as far as their ranking system is concerned and this means they give less weight to your actual site content and more weight to how popular you are within the sites on their index. In this article I want to take the time to give you some basic google seo factors so that you can start to optimise your pages for the google.bot.

Off page factors relates to getting links and the quality and quantity of those links is going to be a massive determining factor in how close you get to the top of the serps. So what makes a quality in bound link as far as google seo is concerned?

The first aspect of your link simply relates to relevance, how relevant is the page linking back to your site? Is the page url, title, heading and body content relative to your webpage? If not google will hardly notice it and you will not get an increase in PageRank. Make sure your links are as relevant as possible, this is one of the main aspects of google seo.

The second aspect is ensuring your link is coming from a site with as high a PageRank as possible. I have mixed feelings about this as I have seen pages rank for competitive keywords and have links coming from paagerank 0 sites only. All I will say is the more high PR links you have the less low PR links you’ll need. Try and build up a mixture of both types.

The third aspect of google seo is making sure your links are anchored with your keyword text. Do not make the common webmaster mistake of linking back using your name or the classic “click here”. Doing this is an absolute waste of a link. If you are selling cars link back using text like “used cars sale” or “car finance”, this will give your site relevance and keyword authority and is the most important aspect of google seo. One word of warning when using this method though, do not use the same anchor text every time. You need to use variations otherwise it will look like keyword manipulation and your site could be penalised.

If you would like to know more about google seo please visit google seo

Knowing Day Trading Basics

Knowing Day Trading Basics

You can trade from anywhere in the world that has an Internet connection, as many financial bookmakers now have online dealing platforms. Day trading is equal to gambling and a number of brokerage houses have been responsible for exaggerating that day trading is safe and risk-free. Usually, we associate trading with purchasing a commodity, bringing it home or to our business premises, and then selling it.

Some Facts You Should Know In Day Trading:

1. Day trading systems use objective and mechanical criteria to select the different trades of the market.
2. The greater the frequency of trades, the greater the transaction costs become as well.
3. One of the biggest enemies of a trading system is transaction costs.
4. However, once you enter into stock market day trading, you have to be ready to devote your life to it, as you practically become married to the stock market.
5. Stock market day trading does not necessary have to be done with computers.

Some Benefits Of Day Trading:

1. One of the benefits of day trading is that since the positions are closed at the end of the trading day, any sudden news of events doesn’t affect the opening prices of trading.
2. Awareness regarding day trading stock picks allows a day trader to gain maximum returns from the market.
3. The good thing about day trading is that you can make a ton of cash even when the market is heading south, as you can speculate that the market will go up or down.
4. One advantage of day trading is that you don’t need to invest a lot of money to make profits.

Some Tips For Day Trading:

1. To be successful at day trading, the investor must be highly educated in spotting trends in the markets and stocks.
2. Trading on stock all by yourself is not a very sensible thing to do, unless you have enough confidence in yourself.
3. The best advice for beginners is to find a good broker who would do the trading on your behalf.
4. You need to work with an experienced day trader, need to learn latest techniques, use latest stock market investment software, subscribe to online day trading tutorial and need to devise your own trading plan.
5. Follow the day trading system rule by remembering the number of open positions.

The Forex Trading;

Day trading, despite differences in times zones throughout the world, is also popular because the forex market remains open 24 hours a day. There is a lot of money to be made in the forex market, but it’s not really, what we can call as a newbie-friendly business. Forex Trading is open twenty-four hours a day except for the weekend.

Trading Software:

Many traders and investors rely too much on software’s used for these purposes, but you do not get a true picture of the market just by using these software’s, as there are many factors which constitute a stock market and some of them can only be assessed through skill and experience. Realizing the importance of trading, trading software programs have been introduced to the public to offer a variety of trading tools to help make proper buying or selling decisions.

Some Trading Media:

1. While there are many day traders who do their trading using only the computer, there are others who trade using telephone and mobile phones.
2. Computers are the best medium for all kinds of trading, but particularly for day trading.

Day Traders Should Be:

1. In day trading, the trader does not hold stocks until the next day; instead dispose it off by the end of the day.
2. A person is considered a day trader when they can accomplish four or more day trades in a five business day period and has two unmet day trade calls in 90 days.
3. Day traders are more particular with buying and selling not the bottom line.

For more information, visit http://www.daytradingabc.com/

Related Trading Articles

The Basics Of Free Online Dating

The Basics Of Free Online Dating

What is free online dating all about? Know more about online dating in free sites through this article.

It is every person’s wish to find a partner to share a brighter and better future with. This drives all of us to look for means and ways to find a partner. One of the most recently popular ways of finding a good mate is through free online dating sites.

What are free online dating sites anyway? An online dating site is simply a website where singles and individuals from all over come together to meet new people. It is based on the idea that you can go out on a date without having to personally meet the person face to face. These sites feature profiles for each user where members can refer to. When interested, these sites offer means to communicate with fellow members in hopes that a budding relationship may result. Free online dating services are obviously provided without any charges.

There is an overwhelming number of free online dating services made available today. This is because of the pool of people who sign up for these services everyday. The thing is, you may never know which particular dating site can give you what you need. You can then opt to sign up with more than one. This way, you can be sure that you will be exposed to as much people as you want. The more people there are, the more choices you have and the better choice you can make. It can be easier for you to set your preferences straight without having to worry that no one may match your criteria. However, signing up for one site which has a good number of members is almost always enough.

Free online dating sites come in all forms and sizes. There are those which offer elaborate features just as in paid dating sites, while there are those who offer just the basics. Since they are provided for free, try not to expect premier functions and security features. Instead, look through the sites and choose one which fits your needs the most.

As in real life, you have to exercise enough caution and discretion with Internet dating sites. Never reveal personal communication details or identifying information that not-so-nice people can use against you. Remember how free online dating services can be prone to scammers and psychos; protect yourself accordingly. It is best to make an honest profile and establish a relationship based on honesty and trust. Seek for the same honesty in a potential partner and ask the right questions to ensure this.

The most important thing to consider with free online dating is to use your common sense and your instincts. Check for inconsistencies and be very watchful when dealing with friends from these sites. If you sense something off, do not hesitate to stop communicating with your “friend” or to tell them outright about what you dislike.

The advances in technology have opened an entirely new world of finding love and establishing good relationships. So, make sure you take the most advantage and exercise caution when using free online dating services.

You can now avail of online dating services and meet the mate of your dreams for free! Find out more by visiting FREE Online Dating or Online Dating Service now.
Return On Investment – Basics To Financial Management

Return On Investment – Basics To Financial Management

Due to poor financial management, many people find it hard to improve their chances of getting richer. This brings about the need to change many people’s mindset about finance, like how defects have to be fixed in leaking ships. Because of this,, the article was written to provide more knowledge on the field of managing finances well.

In the area of finance, people ought to know 1 single term very well and that is return on investment (ROI). This is because ROI is income that can be taxed the least but is most beneficial to you. For example, in earned income, you are always taxed at the higher tax brackets in income tax whenever you earn more.

However, if you invest in real estate, there is tax incentive called depreciation which looks like loss on financial statements but actually creates phantom deduction to shelter rental income. Also, investors can offset other income with passive loss from property up to $ 25,000 if you or your spouse qualifies as a real estate professional.

Here, people must be able to look at things in the big picture. To make it clearer, this would mean knowing how things relate to and affect the whole and learning how to optimize specific products to maximize the whole instead of thinking micro where you often leave out and remove relationships to the whole.

Here, if you add a hypothetical negative 12% return on 1 of the years within a 30 year investment you make, your investment can easily shrink by 20% and I believe many of the advisers selling investments would not tell you this. Given the proliferation of such lies, it becomes reasonable to know why the rich gets richer while the poor gets poorer.

In addition, answers on micro situations are always dependent on the macro plan and this is clearly seen in the above example about how only looking at returns on savings could have made you lost a benefit for investing somewhere else.

Thus, in any case of financial management, people ought to look at things in a macro perspective because it sometimes can unlock good opportunities for yourself. Here, one example would be a fact on how knowing an investment (ethanol) well can bring you wealth in other investments.

Today, as ethanol demand rises, corn demand will increase as China and US can also make ethanol from corn which is used as food for chicken, beef whose demand rise with higher GDP per capita. Thus, an increase in ethanol demand will increase sugar (used to make ethanol) and corn demand. Here, if an investor knew of this well, he could simply have invested huge amounts of capital into these 3 investments and sit to reap his harvests. Hence, in conclusion, after covering aspects on how to think like an economist, I believe readers can now see the various benefits one can gain from thinking this way. Now, slowly change your mindset to fit this model and I’m sure you will do well financially!

Harris Smith runs the home equity line of credit website. Don’t Miss Out!

Find More Google Finance Articles