Educational Loans: Offers Financial Support

Educational Loans: offers financial support

Higher education is getting costlier day by day hence availing higher education require borrower to check his pocket. If you have sufficient amount in pocket then its good otherwise you can opt for educational loans. Educational loans help the borrower to pursue higher education without much bothering about financial support.

Educational loans help all the deserving students who are denied an opportunity to pursue higher education just because on non availability financial support. Quality education provides development of human capital which is considered as a national priority. So, educational loan is deemed as investment for the economic development.

Educational loan comprises of all the expenses that are to be incurred during borrowers studies i.e. from paying off tuition fees to meeting accommodation, books, computers, transportation expenses and many more.

The amount offered under educational loans depends upon the course that the borrower has opted for. Educational loan amount differs on the basis of type of course like regular, part-time, distance education moreover; it is depended upon the future prospect of that course.

Educational loan offers sigh of relief to its borrowers as interest rate charged on educational loans is equal to the prevailing rate of inflation. Borrower can grab educational loans at competitive interest rate and longer repayment term only when the he carries sufficient research. Moreover, borrower with good credit can negotiate the interest rates compared to borrower with bad credit.

The best part of educational loan is that it delimits borrowers repayment tension as after completing course and getting the job with the minimum salary of ‘10,000 then only borrower has to repay his loaned amount.

Students can approach various modes like banks, financial institutions or online lenders to avail the educational loans. Today, to make the educational loans more accessible lenders offer liberalized schemes for the students. Before going for any educational loans, borrower must not forget to carry the desired credentials.

Considering their precious time and money students prefer to opt for online mode as while sitting at home or college borrower can opt for it.

Educational loans help the student to secure his future with the course that he wants to opt for.

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Education Loans: Elucidate Your Life With The Education You Dream Of

The growth and development of a nation depends significantly on the quality of the human resource of that nation. Education definitely plays a vital role in improving the quality of human capital. Education is can be one powerful tool that can help a person carve a niche for himself in today’s world of cutthroat competition.

There are many people in UK who are intellectually gifted and can secure a bright future by pursuing higher education from the top-notch universities. However, they are compelled to forego their dream of availing higher education due to lack of sufficient funds. The cost of higher education is skyrocketing day by day. It is nearly impossible for the common man to afford the expenses associated with higher education solely with his monthly income.

There is no need to sacrifice your academic aspirations just because you cannot manage to save enough money from living expenditures. The UK loan market offers education loans that serve as an aid for meeting your educational expenses. Education loans are structured based on the specific requirements of a prospective student. The student needs to start repaying the loan only after completing a particular course successfully.

Education loans are available in various sizes and at different interest rates and terms. So, it is essential to compare the different education loan schemes available in the market and then select the scheme that is most viable, depending on your personal and financial requirements. Busy schedule and hectic lifestyle make it difficult to visit the different lenders personally. Online search for an education loan will save you time and energy, and will help you find a good loan deal with just a few clicks on the mouse. Compare the pros and cons of each education loan scheme before taking the final decision. Pay special attention to read the fine print before signing the contract agreement.

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Secrets of Bonding 125: Surety Bonds in the Bizarro World

There have been 24 movies about Superman, but I loved the original TV series starring George Reeves (the Real Superman). Even before that, there were the Superman comic books published by DC Comics.

The character, “Bizarro #1,” first appeared in 1958 – a mirror image of Superman but from a world where everything was opposite from that of humans. That was over 50 years ago, but strangely, there is a little piece of Bizarro World that still survives today. It is alive in our surety rate system. See if you agree…

Example #1

A contractor has won a $1 million contract. The specification calls for a 50% bond: $500,000. The surety’s maximum exposure is $500,000.

Bizarro Fact: The bond rate is based on the contract amount, the full $1 million!

Example #2

Sureties often issue a Performance and Payment Bond in a single combined instrument that states a single dollar amount (penal sum). However, if required, they will issue two separate instruments, one Performance and the other Payment, each with it’s own penal sum (double the amount in the combined bond form.)

Bizarro Fact: When required to issue this double bond amount, the bond premium remains the same as for the combined bond form!

Example #3

The contractor has already started the project. Now it has been verified that 50% of the work is completed and accepted by the project owner. It is confirmed that all related bills have been paid. It is apparent that 50% of the exposure has been eliminated.

Bizarro Fact: The bond costs the same as if it had been issued at the start of the work. There is no reduction or recognition for the portion of the exposure that has been eliminated.

Example #4

The contractor has negotiated a $1 million contract. Now the project owner has indicated that a P&P bond must be provided. The surety states that the cost of the bond will be 2% of the contract amount. Is it 2% of $1 million or $20,000?

Bizarro Fact: The correct calculation is 2% of $1,020,000 or $20,400. The bond premium is calculated on itself, even though it cannot be classified as part of the contract exposure.

There you have it. The Bizarro World we actually live in. Naturally, there are justifications for all the procedures sureties use, but at face value, they seem pretty strange to outsiders.

Steve Golia is an experienced provider of bid and performance bonds for contractors. For more than 30 years he has specialized in solving bond problems for contractors, and helping them when others failed.

The experts at Bonding Pros have the underwriting talent and market access you need. This is coupled with spectacular service and great accessibility.

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