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Common Concerns From Parents Planning To Save For College Education

The birth of a child comes with joy and responsibilities. Any parents would wish to lay the best foundation for their child by investing in their future. Today, parents have every reason to be worried by the ever-increasing costs of education. As such, the best thing to do is to save for your child’s education. However, some parents are not very sure about what it takes to save for college education. Here are some common concerns and possible solutions when it comes to saving for college education.

How much should one save?aSxcASXASS

College costs are not uniform. As such, the amounts you save depend on your financial ability and your expectations. This implies that you need to have an idea of how much it would cost you to get your child to an institution of choice and save accordingly. Here, you also have to factor in same inflation costs and how your savings will be compounded.

How should I save?

Ideally, this question seeks answers about the schedule to use when saving for your child’s college education. With an idea of how much you want to save, you might consider making a lump sum payment at the start or make small monthly payments from your earnings. With a lump sum, you stand to get more interests that someone that makes monthly payments. Without a lump sum, you only need to have a goal and create work with a good savings plan.

What kind of savings plan should I use?

asdcASdThis question addresses a huge concern among most investors –taxes. The good thing is that most federal and state governments offer significant tax breaks. However, the tax breaks and benefits are quite complicated. As such, most parents turn to the 529 plan due to its flexibility and superior tax benefits. Since these plans vary considerably depending on the state, it is advisable to consider the insights BlackRock’s Education Center to expand your knowledge on financial planning for college education.

Saving for college and retirement is hard for most parents. As a tip, you should start saving either college or retirement as early as possible. You also need to prioritize, if you cannot afford to save for both. If you decide to secure the academic future of your child first, you need to get the best saving plan. The main idea is to have a goal, adopt the right savings schedule, and most start early.

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Investing for your child’s future

Any parent would want to see their children achieve their dreams. One way of doing this is by ensuring the child gets the best education. However, given the rising costs of education, most parents are troubled by their chances of giving their children the best. The big question that troubles most parents today is how to fund college education. As much as this objective might seem far-fetched, you only need the right plans in places to see it through.

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Parents are advised to invest smartly in financing college education. As such, they should make the right investment at the right time. First, you need to understand your financial status. Your current financial condition determines the amount and type of savings you will be making. But first, look at all alternatives and narrow to the one you are comfortable with. If you are yet to find one, Nerd Wallet offers a flexible saving plan, which will ensure your child has all they need once they get to college.

Start saving early

It helps to start saving early. Early saving gives you the opportunity to accumulate adequate amounts of money and gaining from the power of compounding. Moreover, early savings give you the chance of meeting other financial obligations that come up later. This way, you will not have to dip into your retirement savings to pay for college education. Considering that most people quick active employment in their 50s, starting early reduces the financial burden later on.
Consider the time it will take before your realize your objective

asdAsZDxQDSsQdHow many years do you have to save before you realize the goal?

It is important to have an idea of the time it will take before you actualize your dream. In most instances, long durations reduce the magnitude of risks. With a huge amount of equity, you will also be able to counter the rising costs of education.

Choose the right savings plans

Most parents use fixed deposit plans or insurance plans to save for education. In most instances, these traditional saving programs often end up with low returns, which lag you behind your goal. Instead, you should take advantage of modern educational savings plans like Nerd Wallet. This way, you not only get the best returns, but you also get something that will take care of state tax benefits.

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Why Education Alone Cannot Influence Political Choices

The spirit of having an informed electorate sets in whenever the political season is just around the corner. Having an informed electorate is good for the progress of any nation. However, education or literacy levels do not play a significant role when determining the kind of political choices people make. This is evidenced by Five Thirty Eight about the recent elections in the US that saw Donald Trump gunner edge out his closest rival Hillary Clinton who seemed liberal and cultured by many.

Factors that influence voter decisions

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The history of a voter plays a great role in determining the candidate they choose. An individual’s upbringing, occupation, age, and upbringing might compel to vote for one candidate over another. Moreover, ethnic, racial and education are other factors that might influence the decision of a voter. Looking at the background, these factors might have different influences on the decision one makes.

Political loyalty

Voters with a strong allegiance to a particular political party are bound to vote for candidates from that party only. As such, the only people that can be convinced to vote otherwise are the weak party members. The US, which is seen to be a two party state, has seen a massive increase in the number of independent candidates. This implies that political parties should expect major surprises from the electorate like those witnessed in the just concluded elections.

Campaign issues

Literacy levels in most parts of the world are considerably high. With this in mind, the media also creates a platform to help voters be informed. As such, voters are more likely to vote for a candidate that identifies with their plight. Voters look at the candidate’s opinion on issues like health, education, abortion, gay rights, and education among others.

AqDSDSCaCAqSDXThe candidate’s image

The candidate of choice is seen to be the face of the country. As such, most voters tend to elect someone they can identify with. He or she should identify with issues facing the electorate. Moreover, voters would also prefer having a leader that appears strong and trustworthy.

Propaganda

Propaganda refers to information from the competitors meant to influence the decision of the electorate. This information should not be necessarily untrue. As such, candidates and their team might run resort to name calling, social media stacking, and celebrity endorsements, among the techniques. The idea is usually to achieve a predetermined objective. After the political seasons is over, it’s all about the game of politics.

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Student Loans And Their Repayment Options

Most students and their parents find it challenging to finance college education on their own. As such, they end up turning to lenders for financial help with intentions of repaying the loans later on. Unfortunately, some unexpected occurrence might limit their chances of paying your loan. In this case, you need to look for better ways of repaying your loans. That said, this article takes a closer look at different types of student loans and ways to repay them.

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The sum of money requested by a student is intended to cover most if not all college-related costs. As such, during the application process, the student is expected to ascertain how much money they need. Besides, it is also advisable to add some extra amounts to cater for any unexpected expenditure.

Types of student loans

Federal loans

Government student loans, just like any student loans carry some capital and interests. The good thing with federal loans is that the interest rates are relatively lower than those charged by private lenders. However, the amounts loaned by the government are also lower than those of private lenders. Under special conditions, interest charged on these loans can be subsidized. In most instances, the interest is deferred until the student graduates.

Private loans

As expected, these loans are offered by private financial institutions. The good thing is that you can request high principal loan amounts. There are two main types of private loans based on the security attached to them. These two loan types are either secured or unsecured loan types. Ideally, secured student loans are mainly applied by parents or guardians of students in college. On the other hand, unsecured loans are most requested by the student considering that no collateral is required for this type of loan to be approved.

aScASaSCcdASDRefinancing or consolidating student loans

If you are no longer able to make your monthly payments once college life is over, you may consider refinancing your student loans. By refinancing, you take a single loan to pay off the previous loans. On the other hand, consolidation is all about taking a single loan to repay more than one loan.

By refinancing or consolidation your student loans, you stand to make considerable savings on interest. As such, what you need is to find the right financial partner to refinance your loan. To get one, consider the options reviewed at LendEDU and choose one whose terms seem favorable. To serve your best interests, refinancing should only be an option if it reduces your monthly payments.

The Role Played By The Planets In Our Lives

Science believes strongly that 65 percent of your life is destined while the remaining percentage is defined by the actions you take in your daily life. These actions could be good or bad, but they play a significant role in shaping your life. However, there are some parts of your life which cannot be controlled, and this is what is commonly referred to as destiny.

The knowledge which allows someone to understand what he or she is destined is known as astrology. It is very difficult to change one’s destiny, but it can be changed by the actions taken, deeds and donations, and spiritual prayers. All these can help in mitigating the disasters. Human beings are always anxious to know what lies ahead in their lives. They tend to have a negative feeling whenever they find bad things in the coming days. You should take some precautions as you approach life. This would help in reducing the severity as well as impact associated with the ill-fated happenings.

Significance of planets

ihgfcyucvkjhoigigoThe position of the various planets in horoscope is known for defining the route taken and taking care where needed. For instance, the moon influences the formation of tides and sea waves which in turn affect the sea. Similarly, all the other planets affect the human life one way or the other.

The sun is the epicenter of the solar system. It provides the energy and light needed to sustain life. Plants make their food in the presence of sunlight. Animals too require the light rays to manufacture vitamin D. That is why the sun is regarded as the ruler or the king of all the planets. It has the capacity of overshadowing all the planets. The sun is known for giving success and dynamism in our endeavors especially when it occupies the right position in our horoscope.

Mercury

It is the closest planet to the sun. It is the planet of communication and movement. It rules the lungs, hands as well as the respiratory system. It is also used for denoting early education. It governs the sixth and the third house.

Venus

This is the feminine energy ruling over the pleasure of life and love desires. It rules the kidneys and throat. It governs the seventh and the second house in your horoscope.

Jupiter

This signifies good growth and abundance in your lives. Its position gives a complete story of the human life.

Mars

It is the planet of aggressiveness and action. It controls the tempers and mind of the human beings. An overtly strong Mars might lead to rash actions.

Saturn

It is the planet associated with justice which gives people rewards based on their present and past actions. Again it is a dreaded planet. Note that the other planets- Neptune and Pluto are just shadow planets.

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Reasons Why You need To Study Engineering

Engineering is among the greatest courses and the oldest careers. It is a course which makes the students eligible in almost every field. This is a course of standard, value, and excellence. It is known for offering one of the most challenging concepts which can only be understood by the cream of literates. An engineer is highly regarded as being perfect in almost all the life’s aspects.

Let us have a look at the main reasons why you need to study engineering.

Career

This is a profession which gives people jobs having good designations and salaries. An engineer is well treated in the working industry, firm, and organization. Additionally, an engineer has different career options of becoming a great professional.

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This is a field which offers a modern approach to the students. This is made possible by discussing the emerging technologies within the curriculum. New techniques are always developed and analyzed within the learning environment and in the course of their daily activities. This helps in keeping the learners updated.

Skills acquisition

This is a course which offers a wide range of technical skills which are developed in the course of the study. Furthermore, the skills taught and gained help in making the student know various technical aspects so that they can work with both the updated and the new technologies. Engineering students have the capacity of dealing with all types of machinery as well as the technical issues.

Social development

A lot of team work is required when working on the different projects. Team wok enables the students to make many social contacts. They can, therefore, possess a good image when working with the society.

Prestige

This is a degree which provides a job having the highest level of designation and position. Graduates consider it to be very prestigious. Such a graduate earns a lot of respect.

Standard

oigufigh;poihgiEngineering involves dealing with standards and quality products. The graduates produced are assured of getting a quality education. Again, it produces graduates having extra-rich skills, standard and knowledge.

 

Intellectual development

The trainees have to work on diverse logical problems and theorems. They also deal with statistics. All these help in improving one’s mental ability, intelligence level and the reasoning power. It involves exercising the brain a lot.

Foreign companies

Engineering graduates have the opportunities of working with foreign firms or companies. These firms provide high salaries to their employees. Besides, it enables one to enjoy a high living standard and visit many foreign countries.