National Scholarship Providers Association and Fastweb recognized

Student Loan Debt Elimination Finance Articles | April 6 Wholesale Womens Jerseys , 2006
A crucial point to be borne in mind by students is this: student loans cannot be eliminated under any circumstances. Student loans are not grants; they are just financial assistances to cover educatio...


A crucial point to be borne in mind by students is this: student loans cannot be eliminated under any circumstances. Student loans are not grants; they are just financial assistances to cover education costs and they have to be repaid under any circumstances once the education is over. Even filing for bankruptcy does not work in this case. It is just too long a process to be worth the effort.


After graduation, students have about a six-month grace period before they start repaying their loans. This is the period to think about how to repay the loans and which debt management program to implement. Students must ideally take up a job immediately after their educations so that they have a proper headway when the grace period comes to an end and the loan repayment begins.


The most that a student can do towards debt elimination is to enroll in some voluntary work, such as those at AmeriCorps or PeaceCorps. They may also enroll in the armed forces or serve as assistant doctors (if they are students of medicine) or teachers or some other socially relevant job. However, a true economist would not call this as complete loan elimination as the student has to put in some years of work. These years Wholesale Mens Jerseys , if worked elsewhere, could have been more monetarily productive. Hence, these loan forgiveness methods cannot be branded as loan elimination.


Wise management of loans is also a method to ease the burden of loans. Students can consolidate all the loans taken during their education into a single bulk and start repaying them at a single interest rate. This process also locks the interest at the current rate. Yet, the student still has to make repayment. The benefit is of having to deal with a single creditor rather than several.


Filing for bankruptcy is a very tedious process. Students are given bankruptcy status only if it is well proven that the student will not have even a decent standard of living were the loan repayment to continue. Students who meet with accidents and become physically redundant in some or the other way can be given bankruptcy status and their loans may be eliminated. However Wholesale Jerseys Cheap , for a regular student to shirk repaying loans by filing for bankruptcy is just wishful thinking.


There are several sites online that claim they can eliminate student loans. But students must be intelligent enough to read the fine print. Within those lines it is explained, though not clearly, that loans cannot be eliminated. There are, of course Wholesale Jerseys Online , negotiations that an agency can hold with the creditors on behalf of the students to get the interest rates reduced. But this is actually a worthless exercise as the student has to build up an escrow account even before the negotiations may begin. Also, there are the payments to the intermediary agency that have to be done by the student. Thus, a student must abandon hopes of getting loans totally eliminated out of the blue and begin preparing strategies to repay them as soon as possible.

Article Tags: Debt Elimination, Student Loans

Free News Articles Home Education and Schools General Editorial Center for Student Opportunity Announces I’m First Scholarship for First-Generation College Students Center for Student Opportunity Announces I’m First Scholarship for First-Generation College Students Author: Center for Student Opportunity
Dateline: Bethesda Wholesale Jerseys From China , Maryland (BETHESDA, Md.) | Mon, 01 Apr 2013

freeNewsArticles Story Summary: “The Center for Student Opportunity (CSO), a national 501(c)3 non-profit Wholesale Jerseys China , is now accepting applications for the I'm First Scholarship, a $2,000 four-year renewable scholarship for matriculating first-generation college students.”

A R T I C L E:

The Center for Student Opportunity (CSO), a national 501(c)3 non-profit Wholesale Jerseys , is now accepting applications for the "I'm First" Scholarship, a $2,000 four-year renewable scholarship for matriculating first-generation college students.

In addition to the financial award, CSO provides scholarship winners the unique opportunity to blog about their college experiences and give advice to aspiring first-generation college students across the country on the "I'm First" web blog.

In October Cheap Nike NFL Jerseys , the National Scholarship Providers Association and Fastweb recognized CSO as the 2012 Scholarship Provider of the Year for the scholarship's innovation and impact.

"Scholarship Provider of the Year Award winners demonstrate that scholarships are about more than just providing money for college. It's about eliminating all barriers to student success," said Fastweb publisher, Mark Kantrowitz. "I'm First has approached the challenges facing their students with creativity and innovation."

Two winners are selected for the Scholarship Provider of the Year Award each year. Fastweb has sponsored this prestigious award since its inception thirteen years ago. Each winner receives a monetary award of $2,500 designated for their scholarship fund.

CSO has been awarding the "I'm First" Scholarship for four years and there are now 34 first-generation college student winners contributing to the blog.

In addition to the scholarship and student blog Cheap NFL Jerseys , "I'm First" is building an online community of support for first-generation college students. On http:www.imfirst.org first-generation college graduates, and students who will be, can take a pledge and share their personal . Wholesale College Jerseys Wholesale NCAA Jerseys Wholesale NBA Hoodies Wholesale NBA Shirts Wholesale Baseball Shirts Cheap NBA Hats Cheap NCAA Hats Cheap Jerseys China Free Shipping Cheap MLB Jerseys Wholesale Wholeasale NBA Jerseys