Bankruptcy on Student Loans

Most people get through with education with the help of loans especially when looking to get further education, say like at the university level. In the long run, it could prove to be difficult to pay up the student loan offered to you. When faced with such a situation, it is common for most people to seek bankruptcy claim as a way of shielding themselves from the possible outcomes.

However, it is important to know that student loans are not dischargeable even in the cases of bankruptcy. Student loans with government backing or nonprofit organizations backing have to be paid back in full whether you are in a position to do so or not. This therefore rules out a bankruptcy claim as a solution to your student loan problems.

The only way you can have your claim accepted is if you are in a position to prove extreme difficulty in paying up the loan which is hard to do. To do so, you might be required to prove that you are unable to keep up with the set payment schedule for your loan, that in future you have no hope of paying up the loan meaning that the current financial situation is definitely permanent. You also have to prove that you have done your best in trying to pay up but have failed.

Proving the above is what proves to be difficult for most people, therefore making it irrelevant to even try out a bankruptcy case on your student loan. It is virtually impossible to prove that your current financial position is permanent since even though you could be unemployed, it does not necessarily mean that you will not find great opportunities in the future. This makes it better for you to forget the possibility of having a bankruptcy claim work to your advantage since it is certain that it will not.

To get your student loan discharged, you can turn to other available solutions that could be of help in your situation. There are credit agencies that specialize in advising people faced with bankruptcy on the various options available for them to get off their financial woes. It is likely that you will find something that will work to your advantage in the counseling session bringing you relief.

Bankruptcy claim is a relatively simple process which can be done professionally with the help of experts in the field.Cost of bankruptcy law may vary from one state to another.For more information about personal bankruptcy lawyer visit .

Creative School Fundraising Ideas

Looking for school fundraising ideas that are out of the ordinary, creative and fun is easy if you really sit down and think about it. First find an interest in the community that you are targeting. It is helpful if they can identify with your cause and actually believe in it. By making the community see that they are involved in your goal, you are encouraging them to support you. At the same time, you are making it worth their while.
Fundraising in school should be fun. People who are enjoying themselves at your event are likely to be more charitable and would have a tangible thought that they feel they are getting something for their donated money.
There are plenty of school fundraising ideas to choose from. When choosing one, it is important that it represents your cause and your group. Sometimes involving the entire group in the process will promote team work and ultimately help your group.
One classic idea for a fund raising event is selling raffle tickets. The money acquired can be used to purchase prizes for the winners. It would also help increase your profit if some of these prizes are donated by parents or by businesses in the community. Remember the less you spend, the more profit your group will make.
A fundraising suggestion that would surely persuade school participation is a school bazaar. Invite parents and other community members to feature their businesses in a school bazaar. By doing this you will allow them to advertise their merchandise and services to the entire community. The partaker would be allocated their own booths and the school can charge a payment for each booth they rent.
Another brilliant idea to raise funds for the school that would involve little or no money on your part is auctioning services or talents of students in the local community. You can come up with a directory of donors, and their corresponding talents or services they would provide. An example of this might be, a student donating lawn mowing. The school will auction this service off to the highest bidder and will earn the cost of the bid.
Last but not least, you can never go wrong with the safe route and choose some tried and tested fundraising ideas. Some ideas may include garage sales, car washes, exclusive movie premieres or special screenings, concert and theatrical plays.

Why free education is a must

In a developing nation like India with over a billion populations, it is important to have facility which provides free education to poor children. Even the economy is growing fast, though sometimes the markets get into bullish mode, but overall its every where declared that India is the future global leader, a thing that makes every Indian feel proud. But if some one cares to look around, then one grows a little skeptic about the development one gets to hear of. You can notice lots of poor people around who are not getting those basic facilities that we usually take for granted. The condition that strikes terror in anyones heart are the poor children of these poor people whose future as well as the present is so dark.

With no financial support or a proper place to live, without the guarantee of three time food, they have to start working at a very early age, when they should have been in some school. Those who are not working or begging for living are left for the day by their parents in the street to fend for themselves. Their parents too dont have an option other than these. Sending to school to receive the primary education is adopted by few parents, but most of them ignore this and put their kids to work some where. Life has not allowed these children to have a choice to choose the way of education. But does that mean those of us who have given the opportunity to help someone turn a blind eye on this problem saying that its not our headache to provide for others who are less fortunate than us. Its the work of the state administration. After all we dream of making this world a better place to live. So, start lending help in achieving that target.

To start with, it would be better if we start concentrating towards providing free education to those who cannot afford it. Setting up education societies would be a very good idea where poor children will be provided with free education and other facilities like medical facilities, sports kits, stationery and clothing kits for free which lead to an all round development of the children.

Whether you are living in India or abroad, your contribution in some good and dedicated charitable organization working for providing free education would bring cheers in the life of lots of little children who would be living a miserable life other wise. Guru Nanak Garib Niwaj Education Society is founded by Baba Amar Singh Ji is working towards this goal.

Student Loan Debt – It’s Not Funny Anymore Kids

Over the last year I’ve sat in Starbucks and heard many a student complain and moan, then laugh about their huge student loan debt. Well, I don’t find it the least bit funny, nor do I approve of our government paving the way to yet another bubble building exercise, but that’s what’s happening, meanwhile colleges and universities have experienced more demand than supply so they have added on new wings, new degree programs and expanded campuses, all the while raising tuition costs to; whatever the market will bear.

In some regards I find it fascinating that the left-leaning academia will continually trash on free-market capitalism while they create a Disneyland type of environment which is not based in any sort of economic reality, then have the brass nuts to tell us how to run our economy.

Now then, there was an interesting piece on MSNBC Money online news on September 2, 2013 titled; “9 Ways to Cut Your Student Loan Debt” – For many, repaying student loans is a burdensome process. Here are some programs that can lend a helping hand,” in which the article sported many novel ideas from getting scholarships to good negotiation. But I have a better idea, get a job, or quit school.

Want to know what’s even worse? Well, the Wall Street Journal has reported that “JP Morgan Will Exit the Student Loan Business,” by Dan Fitzpatrick and Robin Sidel, September 6, 2013 which noted that the company only made $200 million in 2012 from their student loan activities, and yet lent out over $6 billion. What does this mean, it means that with the number of defaults and the chances of these student loans going bad, they cannot risk the losses for such little revenue gains. Congress and the Obama Administration put in price controls, as most socialist countries due in various sectors to no avail disallowing the raising of interest rates even when more and more student loans go into default.

If the banks cannot make money in this sector or making these types of loans they will stop, once they stop there will be fewer loans. Anytime price controls are instituted, and we know this not only from history but as any good student of micro-economics, there will be shortages. JP Morgan although not the largest player in the sector, is still a well-known name and if they’ve decided to do this others will follow, just as opponents to the interest rate moratoriums had predicted, as did I. Please consider all this and think on it.

Oprah Winfrey Scholarship And Award Money For College

An increasing number of people are talking about the Oprah Winfrey Scholarship that is being offered for students all over the country. In reality, this is not a scholarship in and of itself, but rather an endowment fund which serves to give money to various organizations, including college funds, who provide money for minority students trying to earn a degree. Each year Oprah Winfrey’s endowment fund gives millions of dollars, which is used to help people in need and give them the financial assistance they require to complete their education in full.

The Oprah Winfrey Scholarship is ideal for students who need to get a degree in a certain area of study but do not have the money to do so. These scholarships are meant to empower people so they will be able to receive a higher education and obtain a degree which will help them to get the type of career they need to be successful. You should make sure that when you are applying to these scholarships, you know what they are looking for specifically, so you can custom tailor your application to meet their requirements.

One example of Oprah’s generosity is that she donated over two million dollars to NYU’s Wagner School of Public Service to help African Women study public policy on the graduate level. When you find the school you are interested in, check with them to see if they have an Oprah Winfrey fund as that is the way to apply. This can be determined by speaking with someone at the financial aid office.

Also know that while you may not be eligible for every category of the Oprah Winfrey Scholarship that you apply for, you may be eligible for some. You will also want to consider for a moment the benefits of getting a grant. This works much the same way as scholarships do. You will receive a certain amount of money that you can use for your education (books, tuition, etc.), without having to pay any of it back. It is a great way to get through your education without going into debt, so you can focus on what is most important, getting a quality education. Each one of these scholarships has their own requirements in terms of GPA or some other criteria, so make sure you look carefully at what each of them are before applying. to see if you meet their eligibility terms and conditions.