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Paying Off Student Loans Or Investing: What Should You Do?
Paying Off Student Loans Or Investing: What Should You Do?

When you get a job after years of hitting the books at college, it's natural to find yourself torn between two choices: do you pay off student loans you’ve accumulated over the years or invest the disposable income from your new job? Generally, investing is considered a better option. If you do your research right, you can expect returns that are far higher than your student loan interest rate. However, investing can also be pretty tricky. There’s no telling what might happen in the market. After all, there are no surefire investments and it is possible to lose your capital. What should you do? We suggest taking strategic decisions. Here’s a rundown of everything you need to know and consider before making a choice. Debt Repayment Versus Investing A sound practice is to portion your budget into three categories: investment, debt repayment, and an emergency fund. As a fresh graduate, you won’t have a large nest egg yet and it’s unwise to funnel all your money into one category. When deciding between repaying your student loan and investing, there are five things you should consider. #1. What Are Your Student Loan Interest Rates? Compare your student loan interest rate with your potential investment returns. If your student loan interest rate is higher than what you’re expecting to receive from investments, prioritize repaying your debt since it’s costing you more. If the reverse is true, then you can consider investing your money. Generally, if you were able to get an interest rate that’s lower than 6% on your student loan, your debt isn’t costing you too much. Consider investing your money if you anticipate earning more than 6 percent #2. What Are Your Priorities? Some people would rather be debt-free before building a nest egg. If that’s a major goal for you, you’ll have to pay more than the minimum amortizations to pay off your loans quickly. If your salary can cover the additional expense or have a side hustle that will allow you to top off more than the minimum payments, you can check with your loan provider and pay bi-weekly. Some will even allow you to pay multiple times a month. If you decide to go this route, examine your cash flow and expenses carefully to see if you can afford it and how much you can afford to pay. #3. What Are Your Goals? Your goals and priorities may include putting money down for a house or having kids in the near future. With goals that require a certain amount of liquidity, it's better to steer clear of investing and pay off the minimum on your student loans instead. This way, you will be able to fund personal goals and milestones as necessary. If, however, you want to have a retirement plan in place, you can take advantage of the 401(k) that’s matched by your employer. You can also look for investment opportunities, weigh the pros and cons of each, and settle on the one offering you the best returns based on your risk appetite. #4. Where Did You Borrow Money From? Federal loans have a low interest rate bordering somewhere between 3 to 7 percent. If you’re able to avail of the Student Loan Forgiveness Program, all the better. This program cancels all or a certain amount of your student loans. If part of your debt is forgiven, invest your money and keep paying the minimum instead of focusing on paying it all off. However, if you have private student loans, it’s better to focus on paying them off before you start investing. You may also choose to refinance your debt to lower your interest rate and pay off your debts faster. #5. Are You Eligible For Tax Deduction? Tax deductions can reduce your taxable income by up to $2,500 per year depending on your eligibility. By leaving you with a smaller tax burden, you can put more money towards your student loan and cut down on the time it takes to repay. Save Money For Emergencies When deciding how to allocate your budget, don’t neglect your emergency fund. It’s the most important savings to have. Ideally, you should put aside even a small sum before paying off loans and making investments. This amount should cover your living expenses for three to six months. If you’re strapped for cash, aim for at least $1,000 and just add to it whenever you have extra cash. The Takeaway: Caution Minimizes Loss Earning a salary after graduation is an exciting time. It’s the perfect opportunity to pay off debt, start an emergency fund, and make strategic investments. Before deciding what to do, consider the factors we’ve outlined above to arrive at the best decision given your financial situation.

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What Is the Best Time to Apply for a Scholarship?
What Is the Best Time to Apply for a Scholarship?

If you need assistance paying for school, you should apply for a grant. In any case, there is a cutoff time for grant applications. On the off chance that you miss these cutoff times, you will pass up your opportunity to bring in free cash, which will assist with lessening your school bills. School is costly and being a decent understudy can be overwhelming. Numerous students need to pay for their schooling, so they need to make money to get instruction. Therefore, it can prompt postponements in learning timetables and overabundances of schoolwork. To try not to get trapped in this sort of circumstance, apply for a grant in an opportune way. When would it be advisable for you to apply for a grant? The greatest misinterpretation about school grants is that lone more seasoned individuals in auxiliary schools can apply for them. Wrong! Indeed, you can begin applying for grants in your first year of secondary school until the last year of your school. Indeed, that is correct you would now be able to be known as the Lord of the Rings. There will be a few grants that you are not qualified for depending on your certificate level. That is the reason perused the particular necessities for every grant. Nonetheless, you would prefer not to squander your important energy on grants that you have no desire for winning. When is the cutoff time for most grants? Even though grants are offered consistently, the vast greater part of uses run from September to May. What's the significance here to you? This implies that you have the greater part of the late spring to begin the way toward finding and applying for undergrad grants. While it may not be the most interesting approach to spend your late spring get-away, it's certainly worth the work. There are likewise early dates for some significant grants. Additionally, during the scholastic year, you'll be inundated with schoolwork and getting ready for school selection tests. Make a timetable presently to apply for your grant and you will be expressed gratitude toward multiple times later on. Recommended timetable The sum and sorts of grants accessible can change extraordinarily. Since large numbers of these years stay open, you might find that you are continually applying for new grants. To help you keep focused, here is a proposed course of events to follow: August and September - Now is a happy opportunity to begin grant research since you have no task to search for a grant. Exploit a rundown of potential advantages that you are qualified for and characterize their particular cutoff times and needs. Indeed, even toward the finish of the late spring, there are times when many first-class grants open their applications. 1- October and November Free Application for Federal Student Aid (FAFSA) will be accessible on October 1. Ensure you round it out! To be qualified for certain awards and grants, you should round out your FAFSA structure. Legitimacy grant applications can likewise be made around this time. 2- December and January At this time, you might be becoming ill from applying for a grant. Continue onward, however - it will pay off! In case you are dialing back your FAFSA, kindly round it out with the goal that it tends to be changed by January. Then again, consider utilizing your colder time of year get-away for research and finishing more grants to boost your advantages. 3- February and March Around this time, you should begin hearing reactions from schools about grant offers. it's fascinating! Expect your persistent effort pays off. On the off chance that you have finished the FAFSA, you ought to likewise get monetary guide offers from schools. In case they are adequately not to address your issues, check with the monetary guide office. They can modify the monetary guide bundle for you. 4- April and May In pre-summer, you will see a decrease in grant openings. If it's not too much trouble, keep on applying however much as could reasonably be expected, particularly for neighborhood grants. Additionally, recollect that May 1 is the cutoff time for some grant openings. This is the main game Keep in mind: You can never apply for an excessive number of advantages. On the off chance that you start early and apply often, you can augment your shots at winning. Furthermore, for much more grant openings, ensure you make a fat profile. We distribute two new grants every month. Each spring and pre-winter semester Many advantages are offered every year. This implies you can in any case apply after you start school. These grants have various dates in the fall and spring semesters. Fundamentally, you can discover grants in the two semesters and apply for grants all through the scholastic year. You will realize that more grants are being offered in the fall, and their cutoff time might be in the spring. Or on the other hand, perhaps you're dealing with a fall cutoff time. The key is to plan your applications so you can finish them precisely and completely and increment your shots at winning.

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4 Different Types of College Deadlines
4 Different Types of College Deadlines

Presenting your application by the cutoff time is the main piece of the affirmation cycle. Setting aside the effort to present an extraordinary solicitation, complete with an incredible individual article and moving letters of proposal on the off chance that you don't send your solicitation on schedule. Not very many universities will pay heed to applications coming in after the cutoff time. In any case, it is a lot simpler to discuss the cutoff time for school application. Most universities have four distinct kinds of school application and get what every one method and regardless of whether it concerns you. Regular Decision Deadlines This is the most widely recognized sort of cutoff time that applies to most applications. Application for College Application Formal application cutoff time is typically early January. Schools some of the time send letters of acknowledgment in March. You have until the finish of April (May first is called College Judgment Day). Schools there is no restriction to the quantity of schools you can apply for while applying by formal choice. In the event that more than one school acknowledges you, you can pick which one you need to join in. You don't need to go to a particular school. Pros of Regular Decision Sufficient opportunity to finish your application. Schools Apply however many schools as you need. Time to rethink. Cons of Regular Decision Seniors can have a ton to do with managing grants, finals and different obligations somewhat recently of your senior year. Less ongoing for genuine school arrangement. This implies you have less an ideal opportunity to pick a school. Early Decision Deadlines An ultimate choice cutoff time permits understudies to apply early. The school audits these applications rapidly and understudies get an underlying reaction from the school. This is a fantastic alternative for candidates who are keen on a specific school. Notwithstanding, if a school isn't at the first spot on your list or then again in the event that you have any wavering, it isn't fitting to apply as a primer choice. You can't break your agreement when you apply inside the underlying choice cutoff time and the school acknowledges you. The school will undoubtedly go to you according to the understanding. In the event that you choose to return since you adjusted your perspective, most universities will charge you a robust fine, which can be just about as much as an entire year's educational cost. The last date for a starter choice is ordinarily somewhere in the range of 1 and 15 November. Pros of Early Decision The school shows the school you joined in and it is your best option. It shows assurance. You find a fast solution. So in case you are dismissed, you have a lot of time to apply to different schools. A few universities might have higher acknowledgment rates. Cons of Early Decision This is an official understanding that accompanies a powerful charge in the event that you attempt to drop. Your solicitation is expected soon. You can just apply to one school. Early Action Deadlines The underlying strategy cutoff time permits you to send your school application early, yet in contrast to the underlying choice cutoff time, it isn't restricting. You can apply to numerous universities under the underlying application. That way, expect a fast reaction from every one of the universities you apply to. There is some distinction between a primer choice and a starter activity. As a matter of first importance, with the underlying system, you don't need to go to a specific school. You can apply to numerous universities and pick the one that has acknowledged you. Second, you don't have to pay any store while presenting your application. You pay just a one-time store as standard choice candidates. The primer hearing cutoff time is generally set simultaneously as the fundamental hearing, which is ordinarily somewhere in the range of first and fifteenth November. Pros of Early Action In contrast to the underlying choice, the underlying activity isn't restricting. You find the underlying solution. School more an ideal opportunity to settle on choices about school. A few schools might have higher acknowledgment rates. Cons of Early Action Your solicitation is expected soon. It's not difficult to slip your monetary position when you realize you've been acknowledged. Rolling Admission Deadlines With a moving section, the cutoff time is equivalent to the cutoff time for a conventional proper choice. The solitary contrast is that schools that offer moving affirmation don't delay until the cutoff time to send acknowledgment letters. They begin auditing applications when they show up and send letters when they choose. When applying to a school with an affirmation moving framework, it is consistently a smart thought to apply as right on time as could be expected.

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Free College? Here are The Top Tuition-Free Schools
Free College? Here are The Top Tuition-Free Schools

As education becomes a bigger priority on many people's lists and a determining factor for higher-paying employment, the expense of attending college is one barrier that can hinder anyone from acquiring higher education. Tuition-free universities, on the other hand, have only recently emerged as a new trend in the education market. It's the ideal blend of free universities and top-notch education for many people seeking a better life through higher education. From these top eight free tuition universities, prospective students can acquire a debt-free education. 8. College of the Ozarks College of the Ozarks is one of the greatest regional universities in the Midwest, with Christian principles, a commitment to duties, and financial aid. College of the Ozarks provides a variety of difficult bachelor's degree programmes in a variety of disciplines of study, ranging from accountancy to culinary arts. The 1,400 students who attend College of the Ozarks each year receive free tuition. College of the Ozarks is able to provide students with a full ride to its demanding curriculum because to generous donations. To be eligible for free tuition at College of the Ozarks, students must work at least 15 hours per week and two 40-hour workweeks through campus jobs. 7. Deep Springs College Deep Springs College is a cattle ranch and alfalfa farm located in California's High Desert. This all-male school provides a liberal arts curriculum over two years. Deep Springs College is a small, private college that offers a high-quality education to roughly 15 students each year. Every Deep Springs College student receives a complete stipend of around $50,000 per year, as well as free accommodation and board; nevertheless, students must labour at least 20 hours on the ranch at Deep Springs College. 6. Alice Lloyd College Alice Lloyd College, located near Pippa Passes, Kentucky, is a well-known private liberal arts college. This four-year college offers a wide range of bachelor's degree programmes in science, the arts, and other fields. Students at Alice Lloyd College can enhance their study by minoring in areas such as accountancy and social science. Alice Lloyd College, which has a regular fee of $7,000, grants free tuition to a select number of students. To be eligible for free tuition at Alice Lloyd College, students must work at least 10 hours each week. Students who want free room and board must work at least 15 hours per week. To earn free tuition and boarding, you must work 40 hours per week. Alice Lloyd College offers 550 positions to selected students with more work experience and personal preferences, allowing them to receive free tuition. 5. Berea College Berea College, founded by abolitionists and reformers in the 1800s, is a diverse and cultural learning institution with a strong Christian foundation. Berea College offers students the ability to earn free tuition through their Labor Program, which provides a better opportunity for higher and stress-free studying. Students must work at least 10 hours per week to qualify for free tuition at Berea College. Students can choose from over 140 departments in which to labour for extra money and free tuition. Students at Berea College can receive complete tuition coverage up to $24,500 each year, as well as a $4,000 Labor Grant. Ranging Berea College offers a range of hourly rates based on the job, ranging from $3.80 to $6.25, so that students can learn the value of working and earn money for room, books, and boarding. Berea College makes it feasible for students to get free tuition and higher education at their institution because to a huge endowment. 4. Curtis Institute of Music Curtis Institute of Music, alongside Juliard, is one of the most prestigious performance arts schools in the United States, offering a hands-on approach to study and a packed concert schedule each year. Only 165 students are accepted each year to the esteemed Curtis Institute of Music. Curtis Institute of Music's intimate setting allows each student to receive one-on-one instruction from renowned musicians. Curtis Institute of Music pays complete tuition to a select group of talented students who attend each year. Curtis Institute of Music is able to provide their students with a worry-free gift of a lifetime thanks to donations and endowment income. 3. Barclay College Barclay College, as a Christian-centered institution, trains students for a life of service and Christian leadership. Barclay College is a Christian learning school that offers degree programmes ranging from Youth Ministry to Christian Elementary Education. Barclay College offers a free, high-quality education in any Christian-related field to any admitted student who receives a full scholarship. Students must, however, live on the Barclay College campus in order to get free tuition. 2. United States Service Academies The US service academies (Military Academy, Naval Academy, Coast Guard Academy, Merchant Marine Academy, and US Air Force Academy) all provide excellent educations with selective admittance. The catch, of course, is that you have a guaranteed employment waiting for you after graduation: military service in one of the United States' branches. Only 8-15 percent of applicants are chosen in each of the five schools' screening processes. Five years active duty and three years reserve are usually the minimum periods of service. 1. Webb Institute Webb Institute is a well regarded institution that focuses on marine engineering and naval architecture. Webb Institute, which enrols roughly 80 undergraduates each year, boasts a 100% job placement rate for its alumni. Webb Institute is the only school of marine engineering and naval design that provides a full four-year scholarship to its students, which is made possible by significant donations from a variety of sources. Education is now an attainable chance and a dream come true for many academically motivated people, as the trend of free tuition among prestigious universities grows in popularity each year.

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How to Apply for Leadership Scholarship Programs?
How to Apply for Leadership Scholarship Programs?

The leader is the one who motivates others and provides direction. A leader provides advice and inspires others to get through a difficult time. A leader knows, skills to motivate and inspire others to work. This quality can be of an advantage to them, such as getting free admission to a university. For this purpose, there is a leadership scholarship program. A leadership scholarship is a reward for the students who have leadership qualities. It helps those students who cannot afford their university fees. It is for undergraduate or postgraduate students. Universities Providing Scholarships Various leadership scholarships help students get admission to the desired university. Various universities in the world provide leadership scholarships to students. There are various universities in the UK, US, Canada, New Zealand, Europe, Australia, and the Middle East. These scholarships fund your tuition fee and university expenses. Here are some of the leadership scholarships provided by some universities: Jusoor scholarship program for Syrian students in the US, Europe, and the Middle East. QS Leadership scholarship for students anywhere in the world. Asia pacific leadership scholarship Emerging leaderships’ scholarship Charlie bell scholarship for future leaders European Global leaders scholarship at university of Queensland Engineering leadership scholarships at the University of Sydney Global leadership scholarship 2021 for undergraduate and graduate UPG leadership 2022 Glasgow scholarship 2022 NSHSS James W. Lewis scholarship 2022 How to Apply for The Leadership Scholarship Program? To apply for the leadership scholarships, we have to fill out the scholarship application for that is online. Whenever a university announces a scholarship, the website has an online application to fill. The first thing is a description of the scholarship and to read the eligibility described on their website. The online application has personal information that includes name, address, and contact information. The second part of the application consists of the educational history that you have to fill. It includes school, college, and graduation mark detail. You have to apply for the leadership scholarship while providing your financial status. You also have to provide your leadership experience throughout your life. You have to provide a detailed description of the activities you held and the volunteer work you did throughout your life and provide your certificates. We also need to provide all the necessary documents such as all the result cards, transcripts with the minimum GPA required. The most important thing while applying for leadership scholarship is to write an application essay for the leadership essay: Understanding The Essay Statement Read and understand the essay statement. For example, you have to mention or explain the leadership quality you have and write about it. Understanding The Key Theme It is important to understand the meaning of the key theme. For example,describe the roles and responsibilities you played as a leader and the effect of my actions. Share your experience and the volunteer work you did as a leader and in your academic work. Using Keywords in The Essay It is important to use the keywords in the essay that are used in the essay statement. The leadership word and all the activities you did as a leader should be described in the essay, along with the important keywords. Engaging Start of the Essay The start of the essay plays an important role in the essay as it will make the reader read the whole essay. The use of effective words and lines to attract the reader to consider your essay. Understand The Criteria for Evaluating The Essay It is important to understand the criteria that will be used for evaluating your essay. So it is also important to describe all these in the essay. It is very important to provide all the necessary information that will help you get the score. Describe Your Academic and Leadership Experience It is important to mention all your academic and leadership experience and excellence in both things. Discuss your academic excellence and the activities in which you took part. Also, discuss the leadership activities you did Things to Discuss in The Scholarship Essay There are things about leadership that should be discussed in the essay: We should describe our leadership experience and how did you manage a large group. It is very important to discuss what inspired you to become a leader and develop skills to be a good leader. You should share the obstacles and problems you faced while becoming a skillful leader. Describe the lessons you learned while becoming a leader and when you became a leader. Describe why being a leader is important to you and what do you think about the future. Describe the skills that you have as a leader. Describe all the activities and work you did as a leader Describe all the volunteer work you did as a leader Describe your skills and how you managed all the groups Describe the effective communication skills that you have to deal with different types of people Describe how you can serve the community with your work and leadership qualities.

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