Is Debt Consolidation a Good Idea?

Although many people think of scams and being ripped off when they think of debt consolidation loans, there are actually many reputable companies out there all offering the same basic solution to a person’s debt problem. So let’s take a closer look at “Is Debt Consolidation a Good Idea?”

If you have three loans that were all taken out at different times and have differing balances, and you lump them all together so that you only have one loan instead of three, it is known as debt consolidation.

Debt management is not quite the same thing, and some companies rather misleadingly call themselves debt consolidation companies when they are really just managing your debt.

Unfortunately, many consumers simply do not realize there is a difference between the two terms, and some unscrupulous companies call themselves consolidation companies as they know that is what consumers are looking for.  If you are looking to consolidate date, the following information may help you to determine if this is the right approach for you.

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What is your Lucky Hat? What Motivates You?

I was surrounded by my family and some of my closest friends, but there was no escaping the fact that it was a brisk morning. But fortunately, I found my lucky hat.

As I tilted the seat forward, the hat was the first thing I saw, so I grabbed it and headed straight for the campfire.

“What’s that on your head?” one of my friends asked.

“Oh, this is my lucky hat”, I said casually.

“What do you mean lucky hat?” she asked.

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How Big Were The Latest GED Changes Really?

In this post, I talk about the changes in the GED that became effective in 2014. So, how big were the GED test changes really? What were the impacts? Had it become more challenging?

Most significant changes: Computer-based, Affordability, Non-transferable credits, Difficulty. In most states, the General Education Development (GED) exam was changed in 2014 and learners who have not completed the full examination by the end of that year, did see their scores not transferable anymore.

Roughly once every 10 years, the GED exam is updated because it is a high school equivalency test. That implies that the GED test-takers must meet up with the identical educative specifications as high school graduates would. Therefore it is a natural fact that the GED is changing according to high school curricula.

Also, GED study materials need to change and many websites also upgraded their practice tests. So far, the website Best GED Classes is one of the best courses for GED preparation and they offer also great lesson plans!

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Guaranteed Debt Consolidation Loans – What are the Risks?

Those that find themselves heavily in debt because of the money we borrowed for our education find relief when their creditors are paid off in full. For this reason, many borrowers instantly believe obtaining a debt consolidation loan is the solution to all their debt problems. When consumers or students understand this loan and use it properly, it is very powerful as long as they understand the risks. So let’s check it out. Guaranteed debt consolidation loans – what are the risks?

However, borrowers still need to know the risks that are involved before you really jump into this type of debt reduction. Debt consolidation can be useful in certain situations and for some individuals, but there are some caveats that consumers should be aware of before taking on this type of debt relief.

Borrowers should look at the success and failures of those that have tried debt consolidation before. Some individuals took the wrong approach when it came to seeking a debt solution for their problems. There are some individuals who predominantly believe a debt consolidation loan is a cure-all and once they get one all their debt problems will be solved.

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Online Learning Myths

With getting an online education becoming more and more popular, there’s a lot of different information being spread around. Unfortunately, a lot of it is just laughably inaccurate or completely made up. So let’s talk a bit more about online learning myths.

Here, we want to clear up some of the false information out there. Here’s a look at some of the myths we’ve heard and the actual facts about online schools:

  • Myth: The quality of online classes is lower than that of a traditional class.
  • Fact: All online classes are rigorously designed and thoroughly reviewed. Teachers are constantly evaluated and online programs have entire departments dedicated to making sure students are properly challenged by their workload.
  • Myth: You have to be a computer expert in order to take online classes and successfully pass them.
  • Fact: Just about everyone is capable of not only passing an online class but receiving an excellent grade. Although every class will require some minimal computer knowledge, you don’t have to be a computer geek to be successful.

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Student Loans Debt Consolidation Relief

You may reduce your payment burden with student loans debt consolidation relief. Many recent graduates find themselves struggling to make student loan payments once they are out of school.

There are several reasons for this. For one, student loans usually only allow a six-month grace period for graduates to find a job before the repayment period begins. See also this Dave Ramsey video about negotiating down your student debt:

As many college grads already know, sometimes the job hunt takes a bit longer. Similarly, those graduates who are employed are often underemployed-working temporary or part-time jobs until something more permanent comes along.

Compound these employment woes with the tough adjustment between college life and the expenses of the real world, and it can be quite a strain to make multiple student loan payments each month. But student loans debt consolidation can help you reduce your payment burden to meet your budget.

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What About Student Loan Consolidation?

Higher education does not come cheap. Many parents have to take out loans in order to manage tuition and upkeep expenses for their children. Higher learning student funding is available in two main categories, Federal and Private Loans. So what about student loan consolidation?

Federal Student Aid programs are the biggest source of financial aid for students, offering billions of dollars annually under different programs.  Private lending institutions such as banks, on the other hand, offer private loans that are also called alternative loans to borrowers.

Typically, it is advisable for a student to research thoroughly and compare terms and rates across the board, before taking out any loan. This is a smart way to avoid high interest rates, stringent repayment terms and future prospects of debt. However, if you already owe the government or private institutions some money, the simplest method to make payments is by student loan consolidation.

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Students – Slaves to the Lender

As a way of helping to cover the cost of tuition and other school-related expenses, many people turn to student loans and as the time to start paying them back approaches, the reality of what the monthly payment is going to be, often strikes hard. So really: Students – slaves to the lender!

Most of us have gotten multiple student loans from multiple sources including, the federal government and private institutions. Each of these loans, when left unconsolidated, will have a minimum payment and their own interest rate and will have to be paid monthly once the deferment period is over.

Even though a very good job is waiting at the end of your education, you may find that keeping up the minimum payment on your student loans is going to be a heavy burden, perhaps even too heavy. The options for assistance with student loan debt relief are minimal and refinancing is the best and most widely available option.

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Religion and Character Education

This topic seems to be a sticky one among education professionals. Yet most Americans would describe themselves as “religious” people, belonging to one of the many faiths represented in this country. So let’s see if there is a relationship between religion and character education

Some parents and educators might assume that talking about religious subjects in school is forbidden by the Constitution.

Not so! The First Amendment to the Constitution goes as follows:

” Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.”

This document upholds the original desire of America’s Founding Fathers: to freely express opinions in a public forum. To be able to speak out about the government, or any issue on our minds is a right most other people around the world do not have.

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How to Evaluate Student Loan Relief Services

This is an article about how to evaluate student loan relief services and to be honest, you can’t be careful enough. Though debt relief services may help you get along with your life, there are many loan sharks out there just looking to make a profit of other people’s financial situation.

Let’s take a look at a real-world example

Mark, a 28-year-old family man from Baltimore was a real target for fraudulent debt relief businesses from the get-go. The year was 2012, and his hours at work had been cut back. He had $40,000 worth of debt of every description.

He had two children and he was desperate for a way to not have to make thousands of dollars in monthly payments. These con artists do look for people like this. When they learn of one, the calls started coming in.

The rep who makes the marketing call and deals with the customers is usually a person with a confident, authoritative and cheerful manner. To someone who’s deep in financial trouble, just to hear a voice like that calling and telling them that there is help at hand, can sound completely convincing.

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