A 'Third Way' on Student Loans

But if the forum was a bit one-sided, New America can't really be faulted; MaryEllen McGuire, who directs the foundation's Education Policy Program and moderated the event, noted that four loan industry officials had turned down the chance to appear, and the person who took her up on the unenviable request, the lobbyist Scott Fleming, joked that he had "always said I'd walk on broken glass for [McGuire], and this may be as close as I get."

Those who demurred probably figured that this was a thankless time to be defending a guaranteed loan program that has taken a pounding from (in rough order) a heavily publicized controversy over potential conflicts of interest, a Congress that has sucked profits from it since 2006, the near-collapse of the financial markets, and now a proposal to more or less eliminate it. Robert Shireman, who as a consultant to Education Secretary Arne Duncan is widely seen as the architect of the administration's loan plan, was the featured speaker at Tuesday's event, and he laid out the most complete public case yet for the proposal. (A Webcast of the event can be seen here.)

The administration's plan, Shireman said, would use the most efficient and cost-effective method of raising money -- auctions of U.S. Treasury bills -- to get capital to make the loans. It would originate and disburse the loans using the government's existing system for distributing Pell Grant funds to colleges and collecting data about students from them, an "easy add-on" to a system that works.

And, perhaps most importantly, and in starkest contrast to the current system, he said, the student loans would be "serviced" -- the process by which loans are collected and student borrowers are helped on the sometimes rocky road to repayment -- "by the best servicers based on customer service and preventing defaults." The government would force companies and/or state agencies -- many of the same parties that are now in the guaranteed loan program -- to compete for contracts to service loans, and "those that can't compete, are not doing a good job, then they get less business.More details links.....

Early Application is Critical to Securing the Best Aid Package

San Diego, CA – December 20, 2007 – January 1st is an important date for college students and their parents: it marks the beginning of the 2008-2009 financial aid season and means they should get moving with their financial aid applications. With college enrollment at a record high and tuition prices continuing to rise at double the rate of inflation, it is critical for students and families to apply as early as possible to secure the best college financial aid package. To begin the financial aid process, families must complete the Free Application for Federal Student Aid (FAFSA).

"All students and families seeking financial aid for next year should be marking January 1 on their calendars as the date they can apply for aid," said Joanna Acocella, executive vice president for College Loan Corporation. "Submitting the FAFSA as early as possible provides the best opportunity to secure much-needed federal financial aid."

Submitting the FAFSA is the first step in the financial aid process and helps the U.S. Department of Education determine the types of financial aid that families are eligible for, including government grants, scholarships, work-study programs and student loans. Families are advised to apply soon because, after financial or other qualifications are met, institutional aid is usually awarded on a first-come, first-served basis.

Congress has also made changes to federal financial aid this year with the passage of the College Cost Reduction and Access Act of 2007. The changes include:

Pell Grants: The new legislation increases funding for the Federal Pell Grant Program by $11.4 billion over the next five years, raising the maximum annual award to $5,400 by 2012. This year, the maximum Pell grant available to qualifying students is $4,800. Pell grants benefit over 5 million low-income students annually.

Stafford Loan Interest Rates: As part of the new legislation, interest rates on all Subsidized Stafford Loans will be cut in half over the next five years. The interest rate carried by all Stafford Loans disbursed after July 1, 2008 will be 5.44%, down from 6.8% in 2007. Additionally, the legislation ensures that students will not have to pay more than 15% of their discretionary income during loan repayment.More details links.....

Gifts to colleges from student loan companies more pervasive than had been disclosed

Gifts and payoffs to universities and their officials by student lenders were far more pervasive than had been disclosed and in some cases were demanded by university officials themselves in exchange for promoting lenders to students, according to a U.S. Senate report on the student loan industry.
Click here to read The New York Times article.

EARLIER: The Bush administration, fending off criticism that it has failed to provide adequate oversight to the student loan industry, has proposed regulations that would prohibit lenders from showering universities with gifts to drum up business.
Click here to read The Washington Post article.

A former financial aid director at Johns Hopkins University in Baltimore who cultivated a national reputation as a stickler for ethics accepted more than $130,000 from eight lending industry companies during her tenure, twice as much money as previously disclosed.
Click here to read The Washington Post article.

Wells Fargo, one of the largest companies in the student loan business, has agreed to follow a code of conduct developed by the New York attorney general’s office governing relationships between lenders and universities.
Click here to read The New York Times article.

A top financial aid officer at the Johns Hopkins University in Baltimore has resigned after an internal investigation concluded that she had violated conflict-of-interest policies and received consulting fees from student loan providers. Ellen Frishberg has been on paid leave since April 9, when the university learned that she had received about $65,000 in consulting fees and graduate school tuition from Student Loan Xpress Inc. of San Diego, a lender recommended by Frishberg's office to students and parents.
Click here to read The Baltimore Sun article.

The University of Texas has fired the director of financial aid at its Austin campus for improper conduct. The school says the director had more ties to a student loan company than had been known. He had begun recommending the lender to students a few months after he bought stock in its parent company.Click here to read The New York Time s article.

ALSO: A investigation by the university says Lawrence Burt, associate vice president and director of UT-Austin's Office of Student Financial Services, should have disclosed his ownership of stock in the parent company of Student Loan Xpress Inc. and recused himself from decisions concerning the lender. Click here to read The Austin American-Statesman article.

With scandal rattling the $85 billion student loan industry, U.S. Education Secretary Margaret Spellings told a Congressional committee that she lacks legal authority to clamp down on many abuses. Spellings faced pointed questioning at the hearing from Democrats, who accused her department of mismanagement and complacency.More details links.....

Students Reimbursed From National Student Loan Scandal

Congressional investigators and state attorneys general nationwide are continuing to discover kickbacks paid by lenders to school heads of financial id in return for student borrowers being given their name on a “Preferred Lender” list. An email was issued today by Barry Burgdorf, general Students Reimbursed from National Student Loan Scandal counsel for The University of Texas (UT)System, instructing all UT System campuses “to immediately cease and desist use of all preferred lender lists, including, but not limited to, the removal of such lists from Web sites and ceasing further dissemination of such lists to students.” This action was directed as a result of the school’s investigation of Lawrence Burt, director of financial aid at UT, Austin. Burgdorf must examine Burt’s past ownership of stock in a parent company of a student loan company that is listed as one of the school’s 20 preferred lenders. Burt is on paid leave pending the results of the investigation.

A national investigation by New York State Attorney General Andrew Cuomo has uncovered other improprieties by Timothy Lehmann, the director of financial aid at Capella University, an online school based in Minneapolis. Cuomo says Lehmann was paid more than $13,000 in consulting fees by Student Loan Xpress. Cuomo’s office said a consulting company run by Walter Cathie, the dean of financial aid at Widener University in Pennsylvania, was paid $80,000 by Student Loan Xpress since 2005.More details links.....

Emerson College Settles Student Loan Probe

Emerson College will pay $780,000 to settle complaints that it steered student loan applicants to companies that gave free trips and consulting contracts to the Boston school's staff.Massachusetts Attorney General Martha Coakley and New York Attorney General Andrew Cuomo announced a settlement Tuesday with Emerson College, which is the 28th U.S. school to pay a penalty in connection with a probe of the student loan industry.

"This idea they were possibly profiting off students' inability to get funding through them or through federal loans is kind of trashy." - Lauren Schumacher Recent Emerson College Graduate

The attorney general alleged that financial aid office employees received gifts and perks in exchange for pointing students toward certain lenders, who, in turn, charged high interest rates."They were operating, we find, with conflict of interest in their own best interest, steering students to loans that would provide other benefits to them," Coakley said. Investigators said that the college told students they should use certain "preferred" lenders, but didn't disclose that some of those companies had showered its financial aid staff with resort vacations, free meals, sports tickets and consulting fees -- as students paid higher than normal interest rates for the loans Emerson College said in a statement that it longer recommends specific lenders."We voluntarily made significant changes to our program," Emerson College spokesman Andy Tiedmann said. "Emerson no longer recommends lenders to students. Second, we have a strict code of conduct for financial aid officers."

"Emerson no longer recommends lenders to students. Second, we have a strict code of conduct for financial aid officers." - Andy Tiedmann Emerson College spokesman

Emerson's director of financial services, who allegedly got paid as a consultant and lobbyist for one of the lenders, was terminated two years ago after the investigation started. The school has since vowed to oversee the financial aid process better.Recent Emerson College graduate Lauren Schumacher said Emerson's "preferred lender" list made her suspicious when she was scrambling to scrape up more money for school."Of course I was skeptical," she said.So, she did her own research and got a loan on her own."This idea they were possibly profiting off students' inability to get funding through them or through federal loans is kind of trashy," Schumacher said.The attorney general claimed Emerson even made it difficult for students to borrow from Stafford lenders the school didn't recommend as "preferred." The $780,000 will be split between about 4,000 students with varying reimbursement amounts.More details links.....

Paying Off Student Loans Can Be Tough in a Recession Cycle

But it doesn't have to be. The key to paying off student loans is to have a separate, dedicated income source just for that purpose. That way, if your income after college is lower than expected in this recession cycle:

• you won't have the threat of student loan default or garnishment hanging over you
• you won't have to run away to grad school to hide (and probably incur more debt)
• you won't have to take the first low-paying (but, hey its a paycheck) job opportunity

If you have a monthly income in place, earning a steady, reliable amount (and growing all the time) you wouldn't have to worry, would you?

So, what's your plan?

If you're drawing a blank, consider this one:

One More Class To Pay For Them All

If you've checked out my sitebuilding tools page, you know that I use SBI for this site and that I highly recommend it for anyone who wants to learn how to make a business that will earn a steady income.

Well, SBI is now being taught as a business course in over 30 colleges and universities. (including The Citadel and Penn State) Their students finish this course with more than college credit- they have a viable, thriving business that continues to grow.

But SBI is not just for business majors- it is for everyone and anyone.

It allows anyone with any interest or passion or a desire to learn to turn that into a business with global reach.

If you have student loans (or are planning to get them) and you go to one of these schools: (a partial list)

• University of Arizona
• University of Alaska
• Thomas More College (Kentucky)
• Truckee Meadows Community College (TMCC)(Nevada)
• Lane Community College (Oregon)
• The Citadel (South Carolina)
• Trident Technical College (South Carolina)
• Austin Community College (Texas)
• University of Wisconsin

you should definitely take this course. You'll get college credit + a business that will earn you money.

But, even if you do not go to one of these schools, now you can also develop a business of your own for paying off student loans when they become due.

If you're a self-starter sort of person, someone who likes to do things independently, you should just go ahead and order the original SBI and start earning money by focusing on whatever it is you love to do.

But, if you are the sort of person who learns best in a classroom environment, now SBI has introduced its own elearning program.

It is the exact same course taught in the schools listed above, but now every student (or parent) can take it and use it for paying off college loans, without attending those particular schools. (Anyone can take this course and use it to build a successful business, but its a course so it is a perfect fit for students.)

This type of learning will be familiar to you- it will not be simply watching a video or downloading files that you can't talk back to or ask questions of.

This course has a live instructor and classmates to interact with. And, I don't know if you've taken online college courses before, but it is so much easier to narrow your focus and concentrate in a virtual classroom.

Paying off student loans with a web business also allows graduates to use those expensive degrees to earn a living using what they've learned.

Lately, it seems as though everyone is debating about whether or not a college degree is worth the money, because many graduates cannot find work in their fields. I saw a news story about a graduate who had majored in Spanish, but he was working as a security guard and couldn't afford both his living expenses and paying off student loans. With SBI, he could have made a website using his knowledge of Spanish in a way that was totally unique to him, using the skills he gained from his experience at college. More details links.....

BANK LOAN/BALANCE-EDUCATION LOAN

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We are ahmedabad base education consultant, working in Australia and New Zealand study visa, immigration and visitor visa.We will arrange education loan of nationalise band for student visa and bank balance for immigration and visitor visa.We provide 100% result in student visa and visitor visa.You can pay your fees after visa.

We are also provide sure result in Canada student and visitor visa with bank loan/balance facility.

Recently UK is very hot favourite in students we provide 100% result in student visa. We arrange education loan and bank balance for student visa. You can show only one day old bank balance in your account.You don't need to pay DD for admission procedure. We provide free service of file preparation.

UK STUDY VISA- 12TH PASS- WITHOUT IELTS

Hurry Last Month is September 2009!!!!!!!!!!!!!!!!!!!!!!!!!!

You can settel in Australia on 3 years work visa if you are B.COM.-B.SC.-B.A.-M.COM-M.SC.-BBA-MBA-BCA-MCA with second class and 3 years work exp. + IELTS 6 band. You can apply for PR after 2 years and one years work experience in australia. There is no requirement of fund or bank balance, process time only 10 to 12 month. Whole family cost for visa is approx 3 lac rs.

If you are M.Com.-M.A.-M.Sc.-MBA- with 3 years work experience then you can apply for DENMARK green card visa for 3 years and up to 4 years extension from there.More details links.....

Student Loans and Financial Aid

Can you use student loan money as a down payment on a house rather than use it to pay rent?

Using those funds on your new home will knock you into a different tax bracket and may jeopardize your chances of getting future...

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Does Sallie Mae base a student loan on income to debt credit and how much do people usually get on a student loan from them?

i actually worked for sallie mae as a student loan consultant. It depends on the type of loan that you are looking for. they all...

Popularity: 19 • Tools: Recategorize

Can you get a private student loan after filing bankruptcy and having a credit-worthy cosigner?

Popularity: 19 • Tools: Recategorize • Needs Answer

If a third party makes payments on a student loan or donates money to help someone pay off his or her student loan debt is the dontation tax-deductible?

No. That's considered a gift, not a charitable donation. You might actually be liable for a gift tax.

Popularity: 19 • Tools: Recategorize

Will adding a second major affect your federal financial assistance?

If you are taking a double major it should have no affect. If you already have a bachelors degree, and now planning to the...

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Where can you get another student loan to pay your ex child support if you are a full-time college student and he won't let you talk to your kids unless you give him money?

In Wisconsin, I was told that faliure to pay child support and child visitation are two total and seperate issues. You can not...

Popularity: 19 • Tools: Recategorize

Student loan options for an F1 visa student with green card holder parents no credit need a cosigner with 2 yrs credit history?

Popularity: 19 • Tools: Recategorize • Needs Answer

Is it true that single parents can go to college for free?

No it isin't true that single parents go to college for free.

Popularity: 18 • Tools: Recategorize

How can you get a grant to pay off your student loans?

Grants are awarded to students so they can afford a higher education, not to pay off existing studen loans.

Popularity: 18 • Tools: Recategorize

You have a Parent loan in your father's name your mother has been paying but is now disabled Do you qualify for loan forgiveness due to hardship with only one working parent?

Your mother is not a legal party to the loan in any way whatsoever. You or the borrower would have to be disabled.

Popularity: 18 • Tools: Recategorize

How much is the interest payment on an unsubsidized loan?

Popularity: 18 • Tools: Recategorize • Needs Answer

If you have a student loan from Sallie Mae and you dropped out after two semesters do you still have to pay it back?

If it is a loan, you have to pay it back. If it's a grant or scholorship, you don't. Doesn't matter who you got the loan through.

Popularity: 18 • Tools: Recategorize

How could you obtain a college loan without a cosigner?

Popularity: 18 • Tools: Recategorize • Needs Answer

Where could you get a student loan if you do not have a cosigner no credit and make minimum wage?

All you have to do is enroll in school and fill out a Free Aplication for Federal Student Aid (FAFSA) form. You can do this...

Popularity: 18 • Tools: Recategorize

What will happen if you leave the country and never pay back your student loans?

Well, Eventually, you will have to report income to some sort of government agency. When you file taxes, they will take what you...

Popularity: 18 • Tools: Recategorize

Can you move out to go to college without parental concent?

Hello:) I hope I can help you. This question is one that you will eventually have to answer on your own anyway. So let's try...

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How do you expunge a student loan?

If by "expunge" you mean remove it from a credit report, then you pay the debt owed or wait until it drops off the report after...

Popularity: 18 • Tools: Recategorize

What is the present value of us dollar?

100 cents.

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If you get a loan to go to one university and end up going to a smaller university do you need to let the lender know or can you use the difference for subsequent semesters?

In such circumstaces it is always best to call the lender. Within the UK leaders demand to know any changes of details (e.g....

Popularity: 18 • Tools: Recategorize

Can a student get a loan with bad credit history?

Popularity: 18 • Tools: Recategorize

What if your school does not accept federal supported loans?

Popularity: 17 • Tools: Recategorize • Needs Answer

How can you apply for a loan without a good credit history and no cosigner and your parents cannot contribute due to financial constraints?

Popularity: 17 • Tools: Recategorize • Needs Answer

Can you sue your parents if they made a verbal agreement to pay your student loans and now after paying for several years they are refusing to continue the payments?

No. Children cannot sue parents on the grounds that such an agreement was broken. The only situation in which a parent can...

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Can a 21-year-old apply for their own student loans if their parent refuses to disclose their income?

Yes, a person of such age is considered a legal adult in all U.S. states and therefore can enter into legal contracts such as...

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Is the APR of a student loan determined by the credit of the borrower or that of the cosigner?

The cosigner I believe but check with the loan issuers it's in the details.

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If student loans worth 82K and consisting of 51K principal and 15K interest and 16K fees are settled for 61K how much is reportable to the internal revenue service as income or gain?

I'm answering this presuming there is no difference in Student Debt to regular...and i can't see why there should be: Any...

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Is there a standard length of time to repay student loans?

10 years. However, students with large loans can get longer repayment terms.

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If a student loan was issued by a US bank to pay for studies at a Canadian university and you can't make the payments what is the worst case scenario?

They will assess huge fines for non-payment of your loan. The amount you owe my eventually double or even triple. Look at your...

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How can an International student get a student loan without a cosigner?

US banks offer loans to International student who does not have any cosigner You can search at - International Education...

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What would happen to the Stafford and Parent Plus loans if you want to switch colleges after a month of starting?

Most likely your monies that you have already received will not transfer. You will need to consult your financial aid office at...

Popularity: 17 • Tools: Recategorize

Are there any private student loans that do not require payments while in school?

Popularity: 17 • Tools: Recategorize • Needs Answer

Will settling for less and paying off a school loan hurt your credit?

It depends on your contract and the terms of the payoff.

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What happens to student loans if the student dies?

The debt is thrown out as if it never existed, it does not under any circumstances get passed on to any relatives or significant...

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Where can you get a private student loan that is not based on tuition?

there are a couple of credit based companies that will give a private student loan to creditworthy student and a co-borrower such...

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Where can you get an additional student loan without a co-signer to pay child support so you can talk to and see your children when you are a full-time college student and cannot find a job?

You cannot get a student loan to pay child support, but child support is not an agreement of custody or visitation. If the judge...

Popularity: 17 • Tools: Recategorize

What is a billion?

It depends where you live. There are two systems for naming large numbers: the long scale and the short scale. The short scale...

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Can you get a student loan with no credit history in Florida?

I found the information you are looking for at this website: http://www.nls.org/benefits/stulon3.htm

Popularity: 16 • Tools: Recategorize

Do kids have to pay federal student loans when a parent dies?

Popularity: 16 • Tools: Recategorize • Needs Answer

How do you get a loan with no co-signer no job and bad credit since this is why most of us are in school in the first place?

It is clear to me that no one is thinking. How am I to go to college fulltime and have a fulltime job. If I had a fulltime job...

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What happens if you drop courses with financial aide?

You have to pay any stuent loans, but not the grants.

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How can a student with bad credit pay for school if their financial aid was terminated?

Although you have bad credit there are still subsidized and unsubsidized government loans that are available at low interest.More details links.....

Consultant on Student Loan Programs.

World Bank- development of student loan programs in Mexico and Colombia
U.S. State Dept- consulting with the National Bank of Ukraine and the American University in Bulgaria
Private universities and related companies.

Private practice of law, advising U.S. student loan agencies and companies on regulatory compliance issues and providing regulatory counsel for student loan purchases and investment transactions. Admitted in Virginia.

During my 21 year career with Sallie Mae, I:

Advised the company on law affecting our core business: consumer credit, higher education, privacy, information security, personal bankruptcy, and contracts.

Managed the servicing (administration) of student loan products and participated in the development of mainframe and Internet-based servicing systems.More details links.....

Services and Advocacy

PARSA provides a range of services aimed at providing support for the specific needs of postgraduate students in relation to both their studies and daily life. These services include face-to-face advice with legal and study challenges, as well as access to a one-off Emergency Loan Scheme. The Postgrad Survival Guide is also a fantastic resource for all sorts of study and non-study related information.

There is also a huge range of support services available to you on the ANU website which are there to make your experience at the ANU a little easier.

It's not often in life we have such an abundance of support and resources at our finger tips, so why not use them.

Emergency Loan Scheme

A University loans scheme is available through Service One Members Banking for postgraduate students experiencing financial difficulties. The scheme is administered by a small committee comprising 2 members of the University and a postgraduate student representative.

The prime purpose of the loans scheme is to provide one-off assistance to postgraduate students in financial difficulties so that they can proceed with their course of study. Loan recipients would normally be full-time students.

The Committee has considered requests for loans for a range of purposes, including: bridging loans for new students or to cover lump-sum bills; some academic expenses and unexpected costs which may affect progress with studies.

While the Committee is concerned to assist those students who have needs, the available funds are limited, which means it is not possible to meet every request. The Committee has the discretion to determine whether or not a loan should be made and also to determine the amount of each loan.

Students wishing to apply for a loan through the Scheme must contact Diane Hutchens at the PARSA Office on Ext.5 4187 or via email.

Completed application forms must be returned to the PARSA Office. .

Download all forms to apply:

Application form

Cover Sheet

Legal Assistance

PARSA employs an experienced solicitor, Don Malcomson, who provides FREE legal assistance to ANU students. Don has experience advising on a wide range of issues such as landlord and tenancy disputes and migration issues. He is also able to refer you to other free legal providers, if required. More details links.....

Law School Student Loan Consolidation

Congratulations on having graduated law school! As you begin your professional career, you will have a lot of decisions to make. One that should be easy is who you deal with for your law school student loan consolidation. We specialize in assisting law school grads with their student loan consolidation needs, and as you can see by our name, we keep it simple.

We assign a personal student loan consultant to your loan portfolio to assist you in optimizing your options and maximizing your benefits. When you deal with us, you're treated as a professional who has earned the privilege of personal service. You will never reach a call center operator, voicemail or automated phone system. You will always reach your individual advisor.

You will deal only with one person to do your law school student loan consolidation. You will never need to have to explain your situation to someone you've never talked with before. This is why so many law school loan consolidation clients come to us.

Depending on your loan amount, we can reduce your payments by hundreds of dollars per month. There are no origination fees, there's no prepayment penalty; as a matter of fact, there is no cost to you whatsoever.

The law school student loan consolidation qualification is simple. There are only three things that you need to keep in mind. You need at least $10,000 in federal student loans, you need to have graduated, or will be graduating within 60 days, and you may not have already consolidated your federal loan debt. It's just that easy.More details links.....

education loan gets cheaper

Financing costly professional courses is set to become cheaper for students from modest middle class homes. A Rs 4,000-crore plan is in the works that will enable the government to take over the interest burden on education loans during the 'moratorium period' — the time when students are pursuing academics and have not yet begun earning. As things stand, education loans come with a clause that allows students not to pay interest during their academic life. The interest for this period is added to the principal and payments begin once the student starts working. But now, according to a mega scheme being finalised by the Planning Commission, the Prime Minister's Office and the ministry for human resource development, the government will take over the interest burden for the moratorium period — estimated at around Rs 650 crore a year, assuming that five lakh students from families earning Rs 2.5 lakh a year or less avail of the loans. To qualify for the scheme, the student's household income must not exceed Rs 2.5 lakh per annum. The scheme will be open for professional and technical courses at the undergraduate or postgraduate levels. Broadly, this means students from families with monthly income of around Rs 20,000 or less would get an interest waiver while they pursue medicine, engineering, architecture, management or other such courses recognized by the Medical Council of India, University Grants Commission or All India Council for Technical Education, among others. The scheme is expected to cost the government a total of about Rs 4,000 crore for the 11th Plan period. The government, which intends to implement the scheme from the 2008 academic session, also wants to restrict the waiver benefit to one loan per student. In other words, if you borrow to complete your graduation, don't expect a similar helping hand from the government for a PG course. Bankers said that the move would also encourage many of them to lend more freely. In the absence of any clarity on when a borrower starts working, bankers often shy away from extending education loans. Some of them even insist on collateral though the government has repeatedly maintained that the practice is virtually non-existent now.More details LINKS.....

Teachers!!!! Eliminate or minimize your student loans now

Teaching is certainly the most important service that is provided in America if not the most important. Teachers have the difficult task of imparting the necessary knowledge and skillsets to our children so they can take their place to lead in their communities, cities, states and around the world. Unfortunately, the high cost of obtaining the education to teach and the competition from other jobs with higher salaries is contributing to a shortage of teachers as the demand steadily increases, especially in low income areas.

Fortunately, there are federal solutions to help America's teachers. If you meet certain eligibility requirements, you can be defer loan payments, eliminate a portion of those expenses or even have the entire loan forgiven. Below are the necessary links to the information and Ingram Accounting & Consulting LLC hopes that this information is very helpful.


1. If you have taken a Federal Perkins Loans, you might be eligible to have up to 100% of your loan cancelled for either full time teaching in low income schools or teaching certain subjects…to find out more, please check out this link: http://studentaid.ed.gov/PORTALSWebApp/students/english/cancelperk.jsp?tab=repaying

2. If you have taken a Stafford Loan ( FFEL, Direct Subsidized and Unsubsidized and in certain cases, Consolidation Loans) before October 1, 1998; you can be eligible to have a portion of the loan cancelled…. http://studentaid.ed.gov/PORTALSWebApp/students/english/cancelstaff.jsp?tab=repaying

3. If you have a FFEL or Direct Stafford Loan and you are teaching in a teacher shortage area, you may be eligible for a deferment if you borrowed before July 1, 1993 http://studentaid.ed.gov/PORTALSWebApp/students/english/deferffel.jsp?tab=repaying

4. If you borrowed on or after July 1, 1993, you may be eligible for a forbearance…. https://www.dlssonline.com/borrower/ForebearanceFormList.do?cmd=doViewRequirements&wizardName=Teacher%20Loan%20Forgiveness

5. If you have a Douglas Scholarship Teacher Scholarship, you may be eligible for reducing your service requirements, by teaching in a teacher shortage. More details links.....

New Tuck Loan Program for International Students

The Tuck School of Business at Dartmouth College has created a new institutional loan exclusively for international students that requires no U.S. cosigner, the school announced Wednesday.

As the plan is laid out, a student with demonstrated financial need may borrow up to the cost of attendance, less other financial aid based on a needs analysis by the financial aid office. The loan has zero origination fees and the rate to borrowers, currently nine percent, is variable and adjusts annually. The repayment term is 10 years and begins three months after graduation, with standard or incremental repayment options available.

Assistant Dean and Chief Operations Officer Steve Lubrano says, “The private options we researched were far too expensive for our students. This program significantly lowers the cost of borrowing from what was otherwise available.”

Approximately one-third of the students who have attended Tuck in recent years are international students, the school reveals, and represent some 40 countries per year.

Dawna Clark, director of admissions, believes this is a great time for international students to enroll in an MBA program because of the global environment in which we live. “At Tuck, we believe that students who possess a global point of view not only add depth to the educational experience but are also poised for the most challenging and diverse career opportunities,” she explains.More details links.....

Collection Consultant- Student Loans/SBA Loans

Fiserv, Inc. (NASDAQ: FISV) is the leading global provider of information management and electronic commerce systems for the financial services industry, driving innovation that transforms experiences for financial institutions and their customers. Ranked No. 1 on the FinTech 100 survey of top technology partners to the financial services industry, Fiserv celebrates its 25th year in 2009. For more information, visit www.fiserv.com.

Position Purpose:
This successful associate will be responsible for performing inbound and outbound collection activity on past due monthly student loan payments and/or Small Business Administration loans, guiding customers through the collections process toward desired outcomes as defined by client objectives.

Responsibilities:
Perform and document inbound and outbound telephone collection activity to set up payment arrangements, resolve disputes and problems with accounts
Skip trace accounts as necessary
Conduct all collection activity while complying with the Fair Debt Collections Act and all other state and federal collection laws
Effective phone contact to obtain reasonable payment arrangements
Follow-up on the phone and in writing with customers regarding payment of outstanding liabilities and negotiate settlements of disputed charges.
Maintain client customer service/satisfaction standards in all customer contacts
Assist fellow associates in all other functions as assigned by management

Skills:
Intermediate proficiency level with PC/Windows related software programs and dbase programs required
Knowledge of on-line collections systems a plus
Excellent organizational skills and attention to detail required
Problem solving skills required - ability to analyze and resolve problems and customer complaints
Solid decision making and negotiation skills
Ability to work effectively with minor supervision
Sales orientated self-starter with strong interpersonal and negotiating skills
Willingness to spend most of the day engaged in telephone negotiations with customers
Must be able to work in a fast-paced environment with daily work processing deadlines
Must be able to handle multiple tasks simultaneously

Experience:
Associates degree or 1-2 years work experience in a similar function required.
Minimum 2 years collections experience required (student loan or SBA environment preffered ). 1-2
years equivalent work experience with student
loan/SBA servicing, processing, or collections preferred.
Previous experience in customer service collections or teleconsulting sales required.
Working knowledge of state and federal debt collection regulations.More details links.....

School-by-School International Student Loan Scorecard

Last fall, due to shrinking credit markets resulting from the global economic crisis, banks were forced to cancel a range of existing loan programs with many top business schools. Domestic students pursuing an MBA were not impacted, but the cancellations brought to an abrupt end most loan programs for international students that didn’t require a U.S. cosigner.

The schools have been working hard ever since to find solutions for their international students, and in the course of the past month, several top MBA programs have announced new no-cosigner loan options.

Here at Clear Admit, we have worked to compile the following international student loan scorecard, intended to give prospective applicants a quick view of available no-cosigner loan options on a school-by-school basis. Where available, we also have listed specific loan terms and rates. For additional details about any of the loan programs listed, please follow the corresponding links. We will update this resource regularly as new loan programs are added and/or program terms are announced.

Schools with No-Cosigner Loan Programs in Place

• Darden School of Business at the University of Virginia at Charlottesville: On April 14th, Darden Director of Admissions Sara Neher announced that her office has successfully negotiated a new no-cosigner loan program for international students. Details of the program, which have not been shared publicly, have been sent directly to admitted international students, Neher reported.

• Fuqua School of Business at Duke University: On May 11th, Fuqua announced on its website that international students will be able to secure loans for their studies at Fuqua without the need for a U.S. cosigner. “We have a solution in hand that will meet students’ needs, with terms similar to those offered for the current academic year,” according to the website. To date, details and terms of that program have not been shared publicly.

• Haas School of Business at the University of California at Berkeley: The Haas School has created a new Berkeley MBA Student Loan Program, which will provide no-cosigner loans for U.S. and international students in the full-time MBA program at Berkeley. Modeled on the Federal Direct Loan, the new loan program will provide loans of up to $20,000 a year with an interest rate of 6.8 percent, repayable over ten years. No interest will accrue while loan recipients are in enrolled in the MBA program, and there will be a six-month post-graduation grace period for repayment.

• Harvard Business School: On April 15th, Harvard University announced a new partnership with the Harvard University Credit Union to provide private educational loans that don’t require a U.S. cosigner to its international students, including MBA students at HBS. Specific terms and details of the loan program have yet to be announced.

• Stern School of Business at New York University: According to the NYU Stern Financial Aid website, there are currently two loan programs for international students that do NOT require a U.S. cosigner. NYU currently has a program for eligible borrowers through JPMC and a program with Global Student Loan Corporation.

• Ross School of Business at the University of Michigan at Ann Arbor: The Ross School of Business has partnered with the University of Michigan Credit Union to create the RSB-UMCU International Student Loan Program, which provides no-cosigner loans up to the cost of attendance to all international students enrolled in or admitted to any graduate programs at Ross for 2009-10 and 2010-11. The variable-interest loans feature no origination fee, a rate of prime plus 1.75 percent, a floor of 4.5 percent and a rate cap of 18 percent adjusted quarterly. (Borrowers with a qualified U.S. cosigner can receive an additional 0.5 percent discount.) The loans feature a 20-year repayment period with a six-month post-graduation grace period. The RSC-UMCU loan application will be available in early July 2009.

• Sloan School of Business at the Massachusetts Institute of Technology: Through a partnership with the MIT Federal Credit Union, Sloan offers its international students a custom credit-based alternative loan that does not require a U.S. cosigner. The loan features an aggregate limit of up to $170,000 and carries a variable interest rate of prime plus 2.75 percent. (International students with a U.S. cosigner will receive a 0.5 percent rate reduction.) The loan’s interest rate varies quarterly and has a rate floor of 5.50 percent and a rate cap of 18 percent. Students have up to 25 years to repay depending on the loan balance, and repayment begins six months after graduation.

• Stanford Graduate School of Business: According to the Stanford GSB website, the school has partnered with the Stanford Federal Credit Union (SFCU) and Citibank to provide private educational loans to international business school students that do not require a U.S. cosigner. As of this writing, no additional details about the loan program are available.

• Tuck School of Business at Dartmouth College: In early May, Tuck sent an email to international applicants for the Class of 2011 announcing a new self-funded loan program for international students that doesn’t require a cosigner. According to a Tuck spokesperson, the school is still in the process of working out some of the details of the program with Dartmouth, including the interest rate.More details links.....

The Best College Loan

Everyone will give you their opinion about which kind of loan is best, but best for who? The bank? The college? The kid down the block?

You need your very own personal college loan consultant. Someone who can match Your needs with the right information.

Have you already tried looking for useful student loan information?

Boy, I hope not! It's like looking for a needle in a haystack. What no one tells you is that all student loans can be good, bad or ugly depending on what your individual situation is.

What may be right for a parent with one college-age child, or a good credit rating or expectations of rising earnings, is probably not right for someone with younger children, or a mediocre credit rating or expectations of fixed earnings.

Your Best Interests Are...

NOT represented by advice from:

• financial institutions who want to get their biggest share of this $85 billion per year industry
• colleges who only want students with funds to pay (and sometimes kickbacks and other benefits)
• the government who puts out unreadable, bureaucratic nonsense that even their people don’t understand
• high school guidance counselors who do not know any better, because they rely on information from the sources above

Student Loan Information or Misinformation?

As a professional research specialist, I am shocked by the amount of misinformation and lack of common sense that even respected organizations show. For instance, all studies have shown that students feel the pinch when they borrow more than 7% of their post-college income. Yet the CollegeBoard recommends that students borrow 10-15% and suggests that parents can afford a debt ratio of 37%!

As a parent who has been through this process twice, (with four more to go) I've seen the lack of focus on the important facts about student loans.

Did you know that almost all private loans (if you can even find them, now) for college have variable rates?

And that loan repayment schedules are different for parents and students even when both types of loans are government-backed?

These are just a couple of details that are usually glossed over. But it's not only the negative things that do not get enough play. The positive aspects of a college loan (yes, there are some) are also ignored.

A student loan can help you achieve a high credit rating.

It can also be used to repair your credit while saving you money.More details links.....

About OneSimpleLoan

What makes OneSimpleLoan® such a successful personal student loan firm? Award-winning commitment to borrowers and their families!

With over 50 years' combined experience in the personal student loan field, OneSimpleLoan has assisted thousands of students with educational financing. Under the sterling leadership of Paul J. Simino, OneSimpleLoan President & CEO, we also assist students and parents through the maze of acquiring student loans, including private student loans, to further their education goals.

Our corporate core values and mission is to lower the cost of student loan borrowing and providing the best possible repayment plans that are right for each person.

Award-Winning Advocate for you, the Student Loan Borrower

We also serve as an advocate for student loan borrowers within the industry. In addition to our active membership in key industry associations, we took the unprecedented step of filing a 2006 lawsuit challenging some of the U.S .Department of Education's rules that limited consolidation options. This lawsuit was a critical catalyst behind the Federal Government's June 2006 repeal of the single holder rule.

In fact, our commitment to the student loan borrower is recognized by our company being named the 2007 Large Business of the Year Award by the Upper Tampa Bay Chamber of Commerce, and by the nomination of the president of OneSimpleLoan as a finalist in the prestigious Florida Ernst & Young Entrepreneur of the Year 2007 award!

We are a Dun & Bradstreet listed professional consulting firm (lender code 834205) located in Oldsmar, Florida. ALU, Inc., dba OneSimpleLoan, is insured and bonded with a $1 million per occurrence Errors and Omissions Policy through Lloyds of London. We have been in business since June of 1999 and are members of the Tampa Chamber of Commerce, Better Business Bureau (BBB), and the National Council of Higher Education Loan Programs (NCHELP). The President of our company has been appointed to NCHELP's Debt Management committee, as well as serves on the Board of Governors for the Florida Chamber of Commerce. Additionally, OSL is a member of, and in good standing with, FASFAA (Florida Association of Student Financial Aid Administrators), a prestigious industry group dedicated to the promotion of effective college financial aid.

Our affiliation with these highly-reputable industry organizations is your assurance that OSL has passed their stringent standards for conducting business in a sound and ethical manner.

Because we are an independent consulting firm, we are able to provide objective, unbiased information to you the borrower, which will always be in your best interest instead of the lender's.

Our knowledge of Student Loan Solutions is unparalleled in the industry.
If there's anything we've learned over the years, it's that there is a lot of misinformation and confusion about Federal and private student loan programs and student loan consolidation. Lenders, servicers and school financial aid officers may not be as well versed in each program as expected.

At OSL, each student loan consultant undergoes rigorous screening, testing and in-house certification before becoming a member of the OSL firm. In addition, ongoing training is required to stay up-to-date on all facets of various student loan programs, including constantly-changing laws and regulations.

This expertise is but one of the many qualities that sets us apart from all the other student loan companies out there.More details links.....

Student visa of UK Student visa for London consultant

ABOUT U.K.

LOCATION: Western Europe, islands including the northern one-sixth of the island of Ireland between the North Atlantic Ocean and the North Sea, northwest of France

POPULATION: 60,441,457 (July 2005 est.)

GDP: $1.867 trillion (2005 est.)

SIZE: 244,820 sq km

LANGUAGE:English, Welsh, Scottish form of Gaelic (in Scotland)

MAJOR INDUSTRIES:

machine tools, electric power equipment, automation equipment, railroad equipment, shipbuilding, aircraft, motor vehicles and parts, electronics and communications equipment, metals, chemicals, coal, petroleum, paper and paper products, food processing, textiles, clothing, and other consumer goods

WHY STUDY IN UNITED KINGDOM?

The UK is fast emerging as one of the most popular study destinations for education in the world.

A high degree of sophistication, modern facilities and International level education quality: the United Kingdom is just the right place to give your career that global edge. The advantages of studying in UK are:

a) World Class Qualification:

UK qualifications are recognised and respected throughout the world. Your UK qualification will be a solid foundation for building your future, boosting your career and prospects for a higher salary. UK Universities are funded by the government and are continuously assessed by official bodies that grade the standard of their teaching and research.

b) International Experience:

Wherever you choose to study in the UK, you will surely have an enriching and international experience, one that will remain etched in your memory forever and will arm you with a truly global perspective. UK institutions attract students from all over the world, so you will have the opportunity to mix with international as well as UK students. c) Learn in a modern Environment:

In an increasingly globalised world economy, people need special skills and qualities to succeed. UK Institutions are highly modernized and provide excellent infrastructure.

d) Value for Money:

UK degrees can take only three years and postgraduate master's courses only one year ' compared with four years and two years in most other countries. This means you will save a great deal on both tuition fees and living costs ' and you will be able to start working and earning money sooner. UK degree courses are shorter because they are more intensive, and therefore more efficient in terms of your time and money. UK institutions offer thousands of scholarships and bursaries just for international students, while more than 21, 000 international students receive scholarship funding from the UK Government every year. Under existing work regulations, international students in the UK can work up to 20 hours a week when studying and full time during vacations.

e) Range of courses:

UK Universities and colleges offer more than thousand courses at different levels of education. There is a great flexibility in the way in which a subject can be studied. One of the biggest advantages of studying in the UK is that the option of combining work placements with academic study such as sandwich courses at the undergraduate level and work internships at the post graduate level. Having a work component weaved into the programme of study gives the students cutting edge knowledge and expertise as well as the hands on experience in your area of study, thereby strengthening chances of obtaining suitable employment later on.

f) Ideal base for travel:

UK consists of three countries and a province: England, Scotland, Wales and the province of Northern Ireland. Each has its own distinctive history, landscape and modern culture. And, because they're all within easy reach of one another, they're easy to explore. Once you are in UK, it’s easy to see the rest of Europe. UK is the hub for business in Europe.

TYPE OF QUALIFICATIONS IN UNITED KINGDOM:
a) First Degree (Bachelors Degree)
b) Sandwich Courses: Where the coursework is accompanied by the practical work.
c) HND (Higher National Diploma)
d) Vocational Courses
e) Postgraduate
f) Research (PhD.)

We are a preferred partner of the British High Commission promoting education in the UK.

Career Counseling We counsel you keeping in view your ambition, academic & work background. We help you to choose a course which will suit your interest and background.

Country & University Selection - After selecting the course, next step is choosing the country and the University. We at EECS will help you choosing the most suited University for your course. As, we process applications for all the Universities, we can find the most suited University for your requirements.

Application Process Next step is to apply to the selected Universities. We assist you with the filling of application forms, guidance in preparation of Recommendation Letters, Statement of Purpose. Along with the application we also send our recommendation letter to the University highlighting the strengths of the student and why he/she should be admitted. The admission tutor considers this letter in their decision making. We keep a proper follow up with the Universities ensuring you a quick response.

Financial Assistance - We also provide you personal assistance in obtaining bank loans and other scholarships.

Visa Assistance We assist you for your visa application as well. We will help you to prepare your visa file. We will guide you about all the documents required for visa application. We will also check that all the papers in your file are arranged and submitted according to the high commission/ embassy requirements.

Accommodation & Airport Pick Up We will arrange for your accommodation in the foreign country. We will also arrange the Airport Pick Up facility for you. Your safety is our priority.
Travel Arrangements - We will also help you with travel arrangements, foreign currency, insurance, bank account in foreign country, mobile phone service in foreign country and other facilities as well.More details links.....

EBC (Education and Business Consultants

EBC is a worldwide leading educational/career guidance organization. The aim of EBC is to assist students in finding overseas universities and colleges in abroad that best suits them according to their financial and academic requirements. It also assist foreigners (expat) in job placements and different fields of business like international trade and investment projects.
We provide assistance with:

• Information about China
• Counseling the students
• Discounted Air ticket from Major airlines
• To provide authentic information to students
• Assistance for Foreign Exchange and Insurance
• Updated information on courses and Universities
• On arrival services in China
• Assistance in application procedures
• Temporary accommodation arrangement in China
• Guidance about VISA processing
• Regular follow-up with High Commission
• The total solution provider for International students and their families after their departure

"Making the decision to study abroad was not easy. Education & Business Consultants are a great resource to use if you are thinking about studying in China. Not only will EBC give you the information you need to make an informed decision but will continue to help you make the transition overseas."

Since the conception of EBC in 2008, our company has grown to an office full of staff which prides itself on the level service that Oversea's have come to expect.

EBC has created this comforting service to ease the application process for students. We will guide the student throughout the entire process, until the student's feet actually land on the warm ground of overseas and sometimes even after that. We understand the financial, educational and social commitments.

A team of informed and committed Professional Doctors & senior education advisors/counselors who understand the need of the students and their parents or sponsors.

We firmly believe in customer service to the students and our client institutions.

Our strongly student centered approach to counseling means, we give students the fullest possible information on the all available options to help them make sensible decisions

Our Motto

Our motto is to provide quality solutions for International education. EBC is providing absolute consultancy including student counseling, pre-arrival and post departure services, ticketing and trading. EBC is offering medical, engineering and management courses along with TCM and Chinese language courses. Our team at various world wide offices is keen to execute all possible potentials to carry out our objectives

EBC is competent to provide students and professionals a dimension towards an excellent future. With a philosophy of penetrating brilliance in every individual; EBC is looking forward to give a hand to your feasible vision. EBC intended to support student to pick the right and cost effective course to meet their aims successfully. Perceiving intelligence as an ability to anticipate; we prophesy applying it efficiently. Winning a slogan of excellence in services is not our ultimate objective. We are looking above that to become the most credible in education and business consultancy services.More details links.....

Student visa consultants, Immigration and Visitor visa consultants

what are you waiting for! Just login to www.globalvisa.biz and find your Student visa consultants, Immigration visa consultants, Visitor visa consultants right now!

For_Immediate_Release:

(Free-Press-Release.com) September 2, 2009 --
Finding Student visa consultants that not only suits your requirements but comfortably fits your budget, and leaves you with money to spare has never been easier. No need to spend hours browsing through numerous websites in search of the best deal! Just log on to www.globalvisa.biz, select your city, Choose Student visa consultants or Immigration visa consultants or Visitor visa consultants choose your country, courses, joining dates, and the institutes you wish to join and the Student visa consultants, and your city’s Student visa consultants, Immigration visa consultants, Visitor visa consultants will be right on your computer screen. A few clicks and you have a find a good Student visa consultants, Immigration visa consultants, Visitor visa consultants in your city.

Globalvisa.biz is the world leader in providing Global Resettlement Solutions, which is vouched by millions of people who have happily settled in some of the favored countries like Canada, UK, Europe USA, Australia, New Zealand, Czech, Ukraine and Denmar. As the world's largest Global Resettlement Solutions Company, Globalvisa.iz is built on a legacy of delivering excellence, industry knowledge, world-class infrastructure and comprehensive resettlement package consisting of immigration, placement & settlement experts.Overseas education, work permit, immigration,visitor visa, business visa are some of the other services provide at www.globalvisa.biz. More details links.....

FOR STUDENTS

AL-Burraq Consultant is in search of world’s best Institutions for higher studies. AL-Burraq Consultant is a modern educational organization with international collaboration which offers new avenues by providing education counseling to Pakistani students. We assure you that you would always find us more than your expectations & first line team members. AL-Burraq Consultant has been committed to provide easy, bright future securing and life-changing plan to study abroad than we have one thousand one doors are suddenly and simultaneously opened for high and higher education with academic and professional knowledge of most modern standard in numerous disciplines.

If you are rich in enthusiasm, well be free and frank to know about the golden key of success, to open the grand doors to the treasure of knowledge. What course in which discipline should be chosen. Which College or University and most important which Country should be selected and preferred and most importantly why. Then how to get admission, scholarship, loan or grant for higher education. And how all this whole processed. By the passage of time, the tendency to get higher study from abroad has been increased in our country due to better & advance education system in developed countries. The area of our business concern is to provide education consultancies (selection of reputable Institutions on the basis of student's achievements, incurring cost, job opportunities etc), to the prospective students in Pakistan.

Our mission is to bridge the gap between developed and underdeveloped Countries through education. Because education plays its vital role in the development of the Nations. Relying on these facts we are placing annually students in the best institutions of the World. AL-Burraq Consultant has its own research and search at education resources by different methods to trace and make recruitment of the students with the help of specialists on this subject. Our system is linked throughout the procedure of entire satisfaction. We provide information and counseling to the students and act as a link between the students and the Universities. We assist the Universities with building up academic relations as well as marketing activities in Pakistan. In addition we provide assistance for Pakistani educational consultancies firms with the administration of their study abroad programs.

A University that comes up with alumni that are reckoned "salt of the earth" always has a much better appeal than all the ones that turn out "also-rans" - to say the least. This is where one, as a student, can do pride to one's alma mater. Then and only then is the varsity held in high esteem by the rank and file, venerated by the students and adored by the staff. Only then is it usually deemed that the varsity has done justice to its very existence. Having understood the intricate student-varsity bond, we take no less interest in the welfare of one than in that of the other. Universities may not always be able to home in on the right set of students and vice versa of course, owing to a variety of obvious reasons, which is why we have been relentlessly endeavoring to choose the right University for the right student insofar as the right student for the right University.More details links.....