Categories
Taxes

Dumbing Down Our Children – This Is Education "Equity?"

One of their favorite arguments: “Why, we can’t trust the free market to educate our children — the very idea! The free market excels at many things, they say, but it does not guarantee education “equity” for our kids.

What is this “equity” public-school apologists talk about? It means a guarantee that all children get a “quality” education and “equal opportunity” to learn. “In the cruel free-market,” the public-school bureaucrat says, “the rich get the best schools, the middle class the mediocre, and poor kids get left in the dust.” That, they say, is not fair, not “equity.”

But why not apply their “equity” theory to food, clothing, and housing? Shouldn’t all homes, food stores, and clothing factories also be owned and operated by government to ensure “equity?” After all, the rich eat better, have warmer clothes, and live in finer homes than the poor or middle-class. That’s not fair, right?

No, it is fair.

In a free-market, those people who make more money than others usually earn it. They risk more, work harder, work smarter, persevere more, make better life decisions, or choose a profession that has greater opportunity to gain wealth. Why shouldn’t they enjoy the just fruits of their labor, of their character, of their life-decisions?

Also, what financially successful people earn is not taken from those who earn less. Is it the successful person’s fault the less successful do not work as hard, persevere as long, or make better decisions? If you seek blame for differences in people’s income, don’t place it on those who succeed. Blame it on life, on human nature.

Nature makes all men and women different — different talents, abilities, strengths, and weaknesses. It has always been this way since human beings came out of the trees and started walking upright. To stamp your foot at disparities of income is to stamp your foot at human nature, which is to stamp your foot at reality.

If “equity” for all people is our goal, then for every “inequality” between poor, middle-class, and rich people, whether in food, shelter, health care, or education, government must loot financially more successful people with taxes to remedy what they did not cause, and which is not their fault. This notion of “equity,” extended to all aspects of our life, will turn America into a socialist or Communist economic police state. In such a police state, the successful are punished and “leveled” by progressive income taxes, so that all of us end up miserably equal and equally miserable.

But this is an old story, the story called envy. The unhappy who hate the happy, the unsuccessful who hate the successful, all seeking to salvage their self-esteem by bringing down the ones they envy. The communist Soviets tried it for eighty years. The result — a shambles of poverty, slavery, and failure.

“But,” the equity lovers say, “why punish the children? Is it their fault their parents are poor?” No, it is not, but neither is it the fault of those who are not poor.

Even presuming we wanted this “equity” for our kids, have our government schools actually given children equal opportunity and “quality” education during their 150 years of control? Jeanne Chall, in her book, “The Academic Achievement Challenge,” sites grim statistics that 70 percent of inner-city 4th-graders read below grade level, that an exploding prison population is made up mostly of men whose reading and math skills are at or below the eighth-grade level. These are just the tip of the iceberg of statistics that prove the utter failure of government schools.

Public-school employees can have the best intentions in the world. So what? What matters is results. For all practical purposes, public schools therefore create only inequity for our children by giving them a third-rate education, especially inner-city kids. Our government-controlled public schools condemn millions of children to a lifetime of failure, while school officials mouth pious goals about creating education “opportunity” for all kids. Could our children be any worse off if public schools were scrapped, and low-cost, competent, free-market schools or tutors taught our kids?

In order to guarantee “equal education” for all children, you have to create a massive, public-school system to enforce this guarantee. Once a government monopoly takes control of your children’s education, quality education for your kids goes out the door. Demand education “equity” and we condemn millions of children to a miserable future.

In contrast, if we allow children’s natural love of learning to flourish and an education free-market to blossom, even poor kids, as generations of American immigrants have proven, become middle-class or even rich. Scrap the public schools and let school choice and open competition prevail, and most poor kids will finally get a quality education and rise to their highest potential.

Categories
Taxes

Lessons in Saving For Private Education Fees

Families often need a lesson in looking after their money when planning a private education.

Even though they have the best of intentions, the figures just do not add up to cover the many thousands of pounds needed to put just the one child through a private education – let alone two or three.

Families fund education in three main ways:

  • Paying fees from their own income and building a reserve fund on hand to supplement the cost. If both parents work or have the cash resources, they might fund half the cost of education from income and need an investment plan to pay the rest
  • Investing regular amounts in a savings plan to give an income to pay education fees. These parents may have small but regular amounts to save over a long period.
  • Investing a lump sum, like a gift or inheritance to give an income to pay education fees.

Saving to fund education fees is basically the same as setting up any other investment plan, but professional, unbiased advice can help whatever the circumstances.

How much will school fees cost?

Currently, prep boarding fees work out from £4,250 to £6,250 a term and senior boarding from £5000 to £8250. You also need to add in uniforms, games equipment and other incidentals.

The fees depend on the standard of school and the age of the child. Day fees will be less.

Take an average of £5,000 a term, multiply by three terms a year over 13 years covering school from when a child is five until they are 18 and the figure is a staggering £200,000.

Once you have this figure, calculate the time between now and when your child starts at the school. This will give you some idea of what you need to save and the timescale to meet that amount.

Then, sit down with an independent advisor regulated in the UK by the Financial Services Authority, and draw up a strategy that matches your objectives.

Obviously, if you have more than one child you want to put through school, then this has to be factored in to the equation as well.

Don’t forget to consider interest rates and inflation as these could have a dramatic effect on your investment. One solution to offset these is saving more than you need as a cash reserve.

Keeping private education costs in the family

Parents and grandparents contributing in to a pot often pay education fees. Tax effective investments that may involve taking specialist advice about trusts or family foundations. Although this may seem expensive, this good advice should serve the family well over the years.

Often, if the family is living across several countries, a spread of investments is a strategy that can take best advantage of tax rules in different countries, which is just one service that a leading Wealth Management firm can offer.

For instance, if the grandparents live in the UK and aged 50 or over on the 5 April 2010, they can invest up to £10,200 in an ISA with half as cash and the balance in other investments like stocks and shares.

If the parents live overseas, then many investment options are open to them, including international life insurance savings plans.

Estate planning to consider how to legitimately avoid inheritance taxes in the UK and overseas is an important part, of any school fee strategy.

For instance, the grandparents might decide to skip a generation and leave their estate in trust to their grandchildren with the parents as trustees to fund education fees.

Other tax effective investment opportunities to consider include:

  • Children’s annual income and capital gains tax allowances
  • Options to re-assign life policies and investment bonds
  • Tax-free returns available through offsetting against a personal mortgage
  • Opportunities available through offshore investments

When to start saving for private school fees

Forward thinking parents should start saving as soon as they can – even if they don’t yet have any children. The longer the investment period, the more likely the fund will grow without too much strain on the budget for other expenses.

Categories
Taxes

Fulfilling Your Dream of Acquiring Income Tax Education

There is nothing more convenient than acquiring knowledge without having to abandon the comfort of your abode. If you are a student who wishes to earn a professional degree you can always opt for an online school to realize your dream. Learning through an online school allows for the attainment of education in a highly comfortable manner. Most important, it is a great way for people, who work full-time or have little children who need to be taken care of, to gain a degree for that added advantage during placements. One you have completed your online tax course, you will be ready to join the tax industry and start earning immediately.

There are a number of online schools that offer great income tax courses. A basic course on IRS tax simply imparts the skill that is needed for the preparation of tax results. This course serves as a base for additional courses on income tax that you might be planning to take. The courses offered at these online schools are high thorough and taught by highly professional individuals who are qualified in the tax field. Therefore, you do not need to worry about the quality of education that you will be acquiring online. However, it is important to choose a school that is actually genuine. Such schools do charge a significant amount of money, but offer great guarantee and security for the material that is being taught.

Courses offered at online IRS tax schools are either beginner or intermediate. The time that it takes for the completion of a course depends largely on what type of course it is. A beginner course that is highly comprehensive takes an over of sixty hours of coursework. Whereas some intermediate courses that have a number of components could take up to a year for completion. Text books that you require for the course are usually provided to you in an e-book format by your online instructors. The cost of these books is included in the money that you pay for the entire course. However, any additions materials that you may require for the purposed of personal practice, such as pens, paper, highlighters and notebooks are to be acquired at your own expense.

Online preparation courses offer a wide range of courses that cover extensive knowledge regarding the workings of income tax. The courses are approached in a way such that the basics do not go ignored. For instance, individuals with no background in income tax studies are taught how online filing, filing of necessary forms and standard tax deductions. As the course proceeds, students are made to specialize in a certain skill that they have opted to acquire. This makes it easy for students to get a better hang of the subject.

The placement rate for individuals who attain degrees through online IRS tax schools is considerably decent. Therefore, students who have studied through online schools will just be as qualified to penetrate the tax industry as an individual who went to an actual school for the completion of their degree.

Categories
Taxes

The Education System in America

The role that the educational system should play in the live of people is to educate them to be conscious, critically thinking individuals who do not passively accept knowledge but question the knowledge that is being taught to them. Education should be taught to give students the skills and intelligence they need to understand the world and how the world works in order to survive in it. However, the American educational system has been known to produce students whom are woefully ignorant about the world and different cultures. One of the reasons is because the educational system in its current state does not leave much room for critical thinking but trains individuals to be docile, worker bees in a global economy that keeps the status quo wealthy and "others" barely making it. The problem becomes evident if we look at the varied curriculums and subjects that are being taught. There is a lack of emphasis on academic learning, and the only thing that matters is high stakes testing. The schools in this country have become swamped with fuzzy curriculums that assume that through constant testing, students will be prepared for life in a new global society. . . whatever that is.

I recently had a conversation with a co-worker and we were discussing how African-Americans were treated forty years ago and I was amazed by her naivety about the subject, considering the fact that she was a college graduate and an African-American. From the moment I entered college, I was eager to explore the history of African and African-American history from a view point that did not make them seem sub-human and college affords students that opportunity. I could not help but wonder what type of history and sociological classes she had taken; from her conversation, none. But the sad truth is that when most people make the decision to attend college, it is for the purpose of reaping economic rewards, not for expanding one's consciousness.

In order for the educational system in this country to produce students who are not clueless about its history and the world surrounding them, it should be restructured in several ways. Parental involvement should be mandatory, just as school attendance for students is mandatory for graduation. Lack of parent involvement is an enormous contributing factor to the current failing educational system. Parents need to instill in their children just how detrimental a lack of education is to their future. Teachers are wonderful people who can take students from the top of Mount Olympus to the cold and desolation of Antarctica but they are there to teach, not parent. Many teachers spend a great deal of their class time disciplining children and playing babysitter, two things that are not a part of their job duties. Teachers need involvement from parents in order for the educational system to work and education begins at home.

Funding for the educational system should also be restructured. Public schools are traditionally funded by property taxes which results in a very unequal distribution of educational opportunity. Communities that are wealthy have more funding for their local schools than those who do not. This situation directly affects the quality of education that children in urban and poor rural areas receive. The No Child Left Behind Act will only make it worse because of the required testing and public reporting of results. When parents are buying a new house, they want to live in a school district that has strong test scores. This drives up the property values ​​in those areas, meaning that only affluent families can afford to live in the top performing school districts. This means more property taxes to those areas, while the lower performing schools lose their funding if they do not meet federal standards. There should be a fair tax system for education that is not based on property taxes of homeowners. Government funding, for the most part, is distributed to the various schools by state and local governments and there is huge disparities in this funding based on race. According the text American Education by Joel Spring, there is a gap of more than $ 1,000 per student nation wide based on race, with large states like New York, Illinois, and Pennsylvania, who lead the nation in their unwillingness to fairly fund education (Spring , pg. 77). Children should not suffer because of their economic background or ethnicity and public education should make no distinction between rich and poor, or black and white. Every child attending a public school should be granted an equal education. Equal funding would grant teachers the proper resources to better educate students. School choice and the privatization of the public school system would not be a factor because under my plan, the educational system in America would be fully and equally funded by the federal government and closely monitored. With the influx of money pouring into the educational system from the government, schools would change dramatically for the better because that is the biggest issue in most public schools: lack of money.

The educational system's curriculum would be changed in order to fit in with the nation's melting pot of different cultures and ethnicities. From elementary to high school, students are bombarded with facts and figures about wealthy, white men as if women and other minorities do not exist or contribute anything worthy to the history of America. No wonder so many students blank out historical facts: they do not care these fact because they cannot relate to the actors in the story. Student should be required to take courses that have will give them a more in depth understanding of the world surrounding them, courses that will discuss the history of marginalized and oppressed individuals in this country and around the world. They should be required to read books that make them think, not just process information for the next test. If more students understood the values ​​and cultures of people unlike themselves, it would not be easy or maybe even possible for the government to lie and use propaganda techniques to lull the masses into believing everything was okay and its leaders competent. High stakes testing would be eliminated because most of the tests are designed by people who do not have a clue about the demographics, ethnicities or economic backgrounds of the students who are to be tested and these tests are biased against minorities and the poor. If students are to be tested, extra tutoring would be available to students, at no cost to the parents.

Having competent teachers, board members, and administrators are also a vital part of restructuring the educational system. Having qualified administrators and board members who know and enforce standards and guidelines is important. What are the qualifications for an administrator? Are there required qualifications? These are the questions that need answers. Just because someone has obtained a degree does not make this person the best for the job. Board members should not be chosen because they golf with the mayor; all board members should have a Master's degree in Education or have an extensive social justice background. As for teachers, the educational system should make sure that the best teachers are chosen for the positions and evaluations should be given frequently. This would give parents and the educational system a chance to find out what is wrong and what is needed to correct the problems. Public education needs teachers and board members that actually care about the children and their education, not individuals who want the perks of working for school system: summers and holidays off, steady raises and a fat compensation package. American children are suffering due to the inadequacies of the individuals involved with the educational system.

The "culture of poverty" theory that has been used by several politicians to explain differences in learning between different ethnicities would be exposed as a blatant attempt by the status quo to "blame" individuals for their poverty if the educational system was restructured to meet the needs of all students, not just the wealthy. Huge educational gaps between poor students and wealthy students do not occur because the poorer students have adapted to their poverty-stricken existence but because they do not have resources needed to succeed in school. If students have to deal with textbooks that are outdated, lack of toiletries, and computers from the late 1980s, their opportunity to advance academically is dismal and their chances of dropping out of school likely.

In a just and an equal society, the educational system I have discussed would have already been implemented decades ago but it has not and more than likely will not. In a hierarchical society such as in America, there will always be someone on the low end of the totem pole and the best way to do that is through the mis-education of its most vulnerable: the children. The neglect of the educational system in the US threatens the economic well being of the entire nation. Unless the inequalities in education is diminished and its system totally restructured, the wealthy gap between the rich and the poor will continue to widen and the US will be infamous for being the nation of the undereducated. Spring, Joel. American Education. (2006). New York: McGraw-Hill

Categories
Student Loans

Student Loans and the Federal Family Education Loan Program

Established by an Act of Congress in 1965 and started in 1966, the Federal Family Education Loan Program (FFELP) is a partnership program between the federal government and private lenders and an umbrella program which includes Stafford loans, student PLUS loans and Perkins loans. Since it started more than half a trillion dollars have been disbursed through this program.

Funds for the program are provided by a network of independent banks, credit unions and other financial institutions and lenders are generally happy to make money available in what would normally be considered a high risk area of ​​lending because loans are to a large degree (although not totally) underwritten by the federal government. In about five percent of cases private guarantors do become involved with defaulted loans and are able to make application to the federal government for at least partial reimbursement.

The vast majority of funds are used for subsidized and unsubsidized Stafford loans. In the case of subsidized loans the federal government pays the interest on loans while students are attending full-time courses (and for up to six months after graduation), while in the case of unsubsidized loans students are responsible for paying the interest due on their loans. Interest is not however normally paid on unsubsidized loans while a student is attending full-time education (and again for up to six months after graduation) but is added to the loan.

The other program with attracts major funding is the student PLUS loans program which is designed to allow parents to take out loans on behalf of their children. This program was extended in 2006 and is now also available to professional and graduate students. The student PLUS loans program is becoming an increasingly important part of college funding these days.

Applications to the Federal Family Education Loan Program are normally made using a Free Application for Student Aid (FAFSA) application form which is submitted to the loans officer at the college for which the student has been accepted. Applications are then examined and loans granted on the basis of the information provided and the availability of funds for disbursement.

Loans are normally disbursed at least twice each year (depending upon the academic timetable followed by the college) and it is common for the bulk of each loan to be paid directly to the college to cover tuition and other fees, with the balance then being paid over to the student or parent, less fees.

In most, but certainly not all cases, a fee of about 4% is payable which is made up of a 3% administration, or 'originating', fee and a 1% insurance fee. It is not uncommon however for higher fees to be charged and so it is important to ask about the fee structure and, if necessary, to shop around when applying for student loans.

Categories
Currency Trading

Currency Trading Course – An Education For Your Financial Future

People execute trades everyday. There are those who trade consumer products such as food or clothing while there are those that trade services for salary. Everyone needs money in order for them to live. This is the very reason why humans create businesses, participate in markets and sell products. If you would like to earn more than what you are already earning from your regular day job, you may do so through forex trading.

If you have not heard of foreign exchange trading, then you are clearly missing out. Individuals see this business as an opportunity to earn money without any difficulty. Generally, what you do in the forex market is trade currencies. Sounds easy? It is, as long as you possess the needed capital and even simple knowledge about how it works.

Sadly, majority of the world population do not understand the way foreign exchange works even though they are interested in this business. It is not hard to catch why they show interest in it. After all, it is only the largest and most liquid market in the whole world. Furthermore, the market works 24/7, so you can continue to earn profits regardless of the time.

However, while forex is indeed a promising means of profits, it involves its own risks. A lot of people execute such mistakes, which is why they continue to lose earnings in the market. Without the right knowledge, you will surely flunk in the field of forex. This is where a currency trading course comes in handy.

A currency trading course, as the name suggests, is an educational course that mainly teaches about the basics of forex and how you can do well in it. You must understand that forex is trading of currencies, so this knowledge is highly essential.

If you want to be a success in the forex market, you should start looking for the right currency trading course for you. Good education will lead to an effective strategy in forex, which will eventually turn your efforts into earnings. It also helps you recognize the risks and benefits that you can gain. With the proper course, you will definitely be enjoying your profits in no time.

Categories
Student Loans

Virginia Financial Aid – Making College Education Possible For Students

Some of the popular forms of student financial aids available in Virginia are:

o Need-based Scholarships – The most popular Virginia scholarships include Bayly-Tiffany Scholarship, V. Thomas Forehand, Jr. Scholarship, Kaprielian Memorial Scholarship, John Allen Love Scholarship, Skinner Scholarship, Charles Fred Wonson Scholarship and so on.

o State Grants and Scholarships – College Scholarship Assistance Program, Virginia Commonwealth Awards, Virginia Guaranteed Assistance Program, Virginia Higher Education Teacher Assistance Program, Virginia Teaching Scholarship Loan Program and many other financial aid programs are offered by the state.

o The University Grants offered by the University of Virginia are other significant sources of student.

o Private loans at different interest rates are also available for the students in the state.

Calculation of Financial Need

For every student applying for the financial aid, the need for financial aid determines the eligibility of the student. It can be calculated by subtracting the expected family contribution and scholarship from outside resources from the total cost of attendance in a particular degree program. In this way, the need for is calculated and used to determine whether a student should be awarded the financial aid or not.

A number of factors can affect the possibility of financial aid for a student in the state:

Degree program joined by the student in one of the state’s institutes.

Credit hours for the graduate and undergraduate students.

Availability of legal documents, if the student is not a US citizen.

Registration with a selective service.

Default on a previous loan

Academic records and so on.

You can learn about various student financial aids in Virginia with the help of an expert student counselor.

Categories
Student Loans

How to Get Financial Aid for College Education for Single Mothers

Single mothers and mothers in the US can provide their family and children with a better future by securing a higher paid job. Well, this is possible only with the right kind of degree in hand earned at colleges. However, the road to success through education is quite tough as the costs associated with the higher studies at colleges are quite high, forcing many single mothers in the US to drop their higher studies in midway. High expenses apart, the additional crises of debt burden are there too, making college education an out of reach substance for single moms and mothers. Yet, there is a hope as the Obama administration has revamped grant programs for women, especially for single mothers or moms. This initiative has been taken towards empowering women and single mothers in the US so as to find them a better opportunity and make their lives better, leaving past the adversities behind.

The Obama Single Mother Grant is one of the best ways to help with college bills to avoid financial crises. Single mothers or mothers from low-income or no-income households can receive up to $5,000 as an educational benefit through The Federal Pell Grant program, also known as the Single Mother Grant. The US Department of Education monitors the entire program and pays out the financial assistance for higher studies for mothers through state-run organizations, participating colleges, action community agencies, charitable organizations and non-profit organizations. Always remember that female participants can easily receive free financial assistance through Obama approved government grant compared to male participants.

Considering Pell Grant, it is a need-based program; hence, it always aims at favoring the needs of single mothers. The federal Pell Grant offers you a great opportunity to escape the higher repayment rates of loans. Besides, it does not have to be repaid like loans. Earlier known as Basic Education Opportunity Grants (BEOGs), Pell Grant offers around $5,500 to the eligible single mothers for college tuition fees, as well as study materials and housing expenses.

How to Apply for the Federal Pell Grant

Remember, you are not entitled to receiving the Pell Grant for more than one college you want to pursue your higher studies. In order to receive the financial assistance, it is essential to complete the Free Application for Federal Student Aid, or (FAFSA). A proper application process is not complete without the filing of FAFSA. Once the FAFSA is filed, your financial needs are evaluated based on the information provided on the FAFSA. After the FAFSA gets processed, you are likely to receive a Student Aid Report, containing your eligibility for the Federal Pell Grant.

If you are interested, you can contact your state agency to apply for the Pell Grant or visit https://fafsa.ed.gov/options.htm to apply online. Though it is a time-consuming process, benefits for college education earned through Pell grant is matchless.

Categories
Student Loans

Sonography Education: Financial Aid Begins With FAFSA

Students interested in attending their CAAHEP accredited sonography program of choice often need help paying for tuition, fees and books. There are many different types of financial aid, including federal and state grants, government backed loans, scholarships administered by the school’s financial aid office, tuition waivers and others. When beginning the search for funding through the financial aid office, one of the first things the student will be asked is whether the FAFSA form has been submitted.

FAFSA: A First Step for Sonography Students

Today, most students can qualify for some type of student aid. Family income is no longer the only criteria considered, but income will influence the type of aid the student qualifies for. Eligibility does require the following:

  • Be a U.S. citizen, eligible non-citizen or U.S. national
  • Have earned a high school diploma or passed the General Educational Development (GED) tests and earned a Certificate of High School Equivalency
  • Have a Social Security Number
  • If a male aged 18 to 25 years old, be registered with the U.S. Selective Service
  • Not be in default on student loans
  • Cannot owe federal student grant refunds
  • Has not been convicted of selling or possessing illicit drugs while receiving federal student aid

If the student can meet the eligibility requirements, it is time to complete the FAFSA application. FAFSA is the acronym for “Free Application for Federal Student Aid.” It is a U.S. Department of Education-Office of Federal Student Aid form that is used to determine the student’s need for financial aid or the Expected Family Contribution. It is the first step in qualifying for financial aid.

Completing the FAFSA Form

Sonography students should complete the FAFSA form well in advance of applying for financial student aid through the school’s financial aid office. The form can be filed with the Department of Education beginning in January of each year. Each year the federal deadline can change, but it is June 30, 2015 for the 2014-2015 academic year.

Timing is important because federal aid is distributed on a first-come first-serve basis. In addition, the school may have a filing deadline that must be met. The filing deadline may be the date the FAFSA was submitted to the federal processor or the date the federal processor returns the needs analysis to the financial aid office.

Once sonography students choose the CAAHEP accredited programs they want to apply to, it is important to check with the financial aid office at each school. Each one has a different set of rules, and missing the FAFSA deadline will make the student ineligible for federal aid as a minimum. Many schools use the FAFSA needs analysis in the distribution of all available financial aid, and not just the federal dollars. Therefore, there are state deadlines for filing the FAFSA form also.

The Department of Education encourages students to file the FAFSA form as soon as possible after the first of January. The form can be filed online or a paper copy sent through the mail.

Know the Deadlines

The federal government has developed a helpful program called the FAFSA4caster that enables people to enter some basic information and get an estimate of federal student aid eligibility. The estimate is presented on a “College Cost Worksheet” which also has room to add estimated amounts of other sources of funding the student may have available.

There are many deadlines to keep in mind when starting the application process:

  • Federal FAFSA deadline
  • State financial aid deadline
  • University, college, or medical center financial aid deadline
  • Scholarship deadlines

If the sonography student is applying for a bank loan or other private financial aid outside the school’s process, there will be additional deadlines. The applications must be processed in time to obtain the money before the school’s tuition and fees are due.

Applying for financial aid of any kind requires being organized. A good approach is to make a list of deadlines to ensure none is accidentally missed. The process is too important to risk missing application deadlines.

Categories
Student Loans

How to Get Financial Aid for Your Online Education?

Time has changed and over the years education is no more restricted to pen, paper, classrooms, blackboards etc. Today when time is deemed to be more crucial than money and people in even in remote corners of the world crave to acquire education and its benefits, online education has definitely come up as a desired boon.

Online education is education via the medium of Internet that can be gained synchronously or asynchronously. At present online education is far superior from the conventional mode of learning (ie going to universities, attending classes and so forth) in many ways. Online education is not just a means to make judicious use of time but it is also acquiring the best possible degree in academics anytime anywhere.

Though merits of online education outweigh the classroom education in many respects, its greatest drawback is its cost. Online education is significantly expensive in comparison to usual university education. This is precisely the reason that every individual cannot dream of getting an online degree.

But with a surge in enticement for online education some universities imparting it have devised several ways to financially assist the aspirants. The foremost and ideal step in this direction is education loans and giving scholarships.

Whereas loan or arranging finance for online education is concerned the foremost step is to fill up your FASFA ie Free Application for Federal Student Aid. The FASFA is an application published by the Department of Education. This application gives the aspirant an idea of ​​the kind of funding he or she is eligible for. Once the application form is properly filled and sent, wait for the confirmation. Usually receiving a confirmation letter is a matter of one or two days. The confirmation letter will brief you about the kind and number of programs you meant for you. This process is quite simple and easy to follow.

After acquiring the confirmation letter, contact the Financial Aid office of the desired college / s. The financial aid officer there will explain you the various types of financial aid packages available that vary from work-study programs to government aid. He will lend you the requisite forms for different colleges. Finally it is at your discretion which college to opt for though the officer will definitely guide you in your selection.

Once the loan application is completed, it will be sent to the school for the process of verification and processing. Usually banks do not fund the students directly but via the concerned institution. The bank sends the money at the commencement of the session.
This is helpful to both the student and the institution.

Apart from loans there are scholarship programs such as the Hope Scholarship Tax Credit that offers a maximum 100% on the first $ 1000 and 50% on the second $ 1000 spent for educational purposes. Similarly the Lifetime Learning Tax Credit, the Higher Education Tuition and Fees Deduction are other means to save money on your online educational expenses.