Top 6 Advantages Of Student Loans

Student loan has become a ‘necessary evil’ for most of the students, which help them to complete their education. In the present social and economic scenario, the education is a costly affair, of which financial expenses cannot be managed without a financial aid in the form of a scholarship or educational loan. Scholarship is reserved for exceptional students and educational loans will be the only resort for an average student to pursue his student loan. The student loan has the advantage of several relaxations in the terms and conditions than a standard loan. However it is essential that the student loan amount including the prescribed interest have to be repaid. The top 5 ways to help the repayment of the student loans are comprehended from the testimonials of the students, who are successful in student loan repayment.

It is a fact the student loan repayment will not be practically easy in the beginning years of ‘struggle of existence’. The student will get a grace period of 6 months to 9 months for the start of the loan repayment after the course completion, which varies according to the nature of the loan. But in the entry level jobs, it will be pretty hard to find the amount for the loan repayment. Proper financial management is the only possible solution to handle the crisis successfully. But it may not be easy to restrict the expenses in the early days, even though you are aware about the student loan and other liabilities. A budgeting will certainly help you to plan the situation well and it can be a winning strategy, if you have the necessary will power to act accordingly.

The negotiation with your debtors can be the next step. You can contact them directly to avail any adjustments in the repayment schedule or can switch on to a more convenient repayment plan. The repayment period has to be selected according to your capability to spare for the monthly installments. The lenders benefits and offers can be another helping hand to pay off the student loans. Now most of the lenders have put forwarded certain benefits and incentives for the loan repayments. The utilization of the relaxations in the interest rates and total debt is certainly advantageous to pay off the student debts.

If you have multiple debts, the best strategy is to consolidate the different loans to a single consolidation loan. Now, Federal consolidation loan is available, which will help to consolidate all federal loans, with certain pronounced advantages in the rates and terms of the loans. However, it will not consolidate the private loans. You have to seek any of the private consolidation loans to mange the private loans. If the multiple debts cannot be consolidated, then you have to pay off the loan with the higher interest rate. The regular follow up of such a strategy will certainly help to pay off the student loan easily.

In case of defaults in the repayment of the student loan, the rehabilitation programs of the lenders can be utilized as the way, which help to pay the student loan. In brief student loans can be compared to the common saying “slow and steady wins the race”. If you are able to start the repayment during the study using money from the vacation jobs or part time jobs, it will certainly help to pay the student loan early. Also, keep in mind that the extended repayment schedule is not advised in all cases as it will levy more money as interest. Hence a planned and intelligent strategy will be the best way to pay the student loan easily.

How To Save Money On Your Two Wheeler Insurance

I know everyone has a different idea of their dream home. I’m not talking about some 2 Million dollar castle, especially these days. Since the economy took a turn for the worse it has made me start thinking a little differently. Now is the time to start thinking a little smarter. Save should be every ones new motto. The future is unknown and it takes a lot of money just to get by these days.

Even if I had millions of dollars I would not be willing to splurge on a huge house. Having a huge house is just a waste of money, all the upkeep and property taxes along with the insurance just doesn’t make since. It is much wiser to live in a modest house and save all that money just in case things get tough. And of course you cant take it with you so it would be nice to have a large amount of cash to leave behind for the kids. Besides things are just going to get more and more expensive so you might as well save as much as you can while you can.

If you can get enough cash saved up you should be able to live off the interest, but saving that much cash is tough so maybe a better idea is to set yourself up so you can live for free or very close to it. There are ways to do this even though it is not the mainstream way of thinking it is very possible and easier than you may think. As a society in America consumers we are entirely too dependent on other people and the government to provide us with the things we need. For example food, water, electricity, clothes, fuel and just about everything else. This is why I have decided to do things a little different.

My idea of a dream home is a modern little 3 bed 3 bath sitting in the middle of 10 or so acres, covered in home made solar panels with some energy producing home made wind mills around too. It will have heated concrete floors down stairs, with a two story deck and a salt water swimming pool. We will have our own water well of course and it will be filtered with a water treatment system like one you can get from Ecowater or Rainsoft.

These water treatment systems filter all the water coming into your house so you get to bathe, wash your clothes with and drink pure water. They work on city water also. Who knows what is in the water with all the pollution going into our environment these days. If the power grid shuts off, the city wont be sending us any water anyway so its better to be proactive. I want the 10 acres so the kids will have a place to play and ride 4 wheelers, dirt bikes, horses, or whatever they want to do but mainly for a garden, chickens, and a few cows, in case times get real tough we will be able to have our own milk, eggs, veggies, fruit, and meat.

I know this sounds a little bit old fashion but things could go downhill pretty fast if anything major ever goes wrong. I’m not preaching a dooms day scenario, just thinking about how to be on the safe side and retire with a lot of money. Think about it, if you didn’t have to pay an electric bill every month for the rest of your life how much more money you could be saving. Lets just say an extra $300 a month to be on the conservative side. That’s a savings of $3,600 a year, $36,000 every 10 years. Plus no water bill. With purified water in the home you can save a lot of money using pure soap because its cheap, but the catch is pure soap doesn’t work very well in hard water so you have to have a water treatment system. You also save money by not having to buy bottled water and therefor not sending as much plastic to our landfills and reducing your carbon footprint.

I have also sold my big fancy new car and SUV, taken what I had left over after paying the bank note off and bought an older pickup for me and a little car for my wife. I paid about $2,500 each for them and they are paid for. That alone is saving me about $700 a month in car payments, and I can have cheap liability insurance. There is another $8,400 a year I am saving. Those are just a few of the ways you can save money if you put your mind to it. I hope this has inspired you to think about the future and start saving some money.

Judge Some Facts Before Exchanging The Money

I was always baffled by this question, even in law school and while working with a big time criminal defense lawyer. One thing I did know: if a person gets prosecuted by the federal government, then he or she is caught on a small watercraft on Lake Erie when a storm suddenly hits. (Lake Erie is quite shallow, and churns up dangerously, with rip-tides and all). I’m not sure if the severity of a federal indictment comes from the prestige of the court, the lifetime appointment of judges, or the sentencing guidelines. A federal courthouse, in my opinion, should be visited by every citizen – not only is the building incredibly aesthetically pleasing, but it has a certain grandeur about it that truly cannot be described.

When I attended a seminar on the federal courts (a lawyer has to do various additional tasks to practice in front of each federal court), an assistant U.S attorney from the Northern District of Ohio spoke. He said the first reason, obviously, that some crimes are prosecuted by the federal government is because they are contrary to federal law. The federal government enforces myriad laws, especially ones relating to mail fraud, firearms, taxes and drugs that cross interstate lines. Rarely, however, does a crime fall exclusively within federal jurisdiction (say, mail fraud or filing false federal income tax). More often than not, a crime is both a violation of federal and state law.

For example: a company targeted poor people, often the elderly and Amish, into becoming members of a discount club for $2000. In exchange for the fee, members were promised access to manufacturers directly. The middleman would supposedly be bypassed. As you can imagine, none of the “contacts” to the manufacturers actually existed. Members saved no money, yet could never obtain a refund. After countless complaints to the Better Business Bureau, the matter was brought to the attention of the FBI (they investigate crime generally), who started investigating the company. The OIG (Office of Inspector General) became involved too. The OIG investigates crimes related to mail. Anyway, the salesmen were indicted by the federal government for mail fraud – because they sent false information to consumers that induced them to act.

The fact is, however, that the crime could easily have been prosecuted in state court on a pure fraud theory. After all, the scam took place in Ohio; the consumers were Ohioians. Yet, the defendants were charged federally. Much of this stems from the extreme nature of the crime and that it caused a lot of financial hardship. Additionally, the investigation was complex and more suited to the federal government. Typically, a federal investigation starts on the desk of a federal agent. He or she must establish certain criteria before the case is brought to an assistant US attorney, who then looks at the facts, the law, resources, the nature of the offense and his professional experience in deciding whether the case should go ahead. So, in sum, most cases depend on: federal law (and if the case has facts that can support a federal charge, even tenuously), who investigates it (was it local police, or did the feds get involved?), and factors analyzed by the US Attorneys Office.

Like I mentioned earlier, the federal government doesn’t mess around when it opts to proceed with charges. Some of the very brightest and most talented people work in the US Attorney’s Office. FBI agents and other agents with investigatory duties are highly trained and screened. (Most state detectives have 600 hours in the police academy.) Federal judges possess c.v’s that young lawyers could only dream of. Federal courts have the very best technology. Federal dockets carry far fewer cases than state courts; thus, each case is closely followed. Federal sentencing guidelines have a presumption of incarceration.

Finally, Double Jeopardy is NOT violated when a defendant is prosecuted in federal court and state court. For example: a defendant commits an armed robbery involving interstate commerce. (The federal government can legislate under the Dormant Commerce Clause for crimes that are at first blush within the states’ powers if the activity affects interstate commerce. Well, just about every robbery of a business involves interstate commerce (goods travel across state lines.)) The defendant is convicted and sentenced per the Sentencing Guidelines. After his sentence is served, he is transported to state custody to face state armed robbery charges. This is perfectly constitutional.