Wednesday, October 26, 2011

Obama's new student loan proposals

Did you know that Americans owe more in student loans than credit cards?

On October 26, 2011, President Obama is proposing new student loan repayment rules.

Because student loan is a huge drain on people, and college graduates are saddled with mountains of debt, the president is trying to ease the burden.

Remember that all direct student loans were turned over to the federal government.

Here are some highlights of the new student loan repayment proposals:

Starting in 2012, the most you will have to pay for a student loan payment is 10% of your income. This was supposed to take effect in 2014, Obama is moving it up.

Your federal student loans can be bundled together, giving you one payment, maybe lower. This may come with a reduction of 0.5% on your interest, further lowering your payment.

After 20 years of on time student loan payments, the rest will be forgiven. Currently this is at 25.

So, this may be some good news for recent college graduates. The job market is tough, and you still have to repay your student loans.

However, if you are a current college student, taking out numerous student loans is really a bad idea. You are better off working for money, getting grants, and applying for as many scholarships as you can. Student loans, even with the new rules, will still be burdensome.

More information:

>>Student Loan Consolidation.

>>Repaying Student Loans.

Sunday, October 9, 2011

College Degrees that get jobs

With unemployment still high, many people are looking at all options for jobs. Going back to college can be a great idea, and a ticket to a high paying, in demand career. Here are a few college degrees that are sought after and can lead to a quick, decent paying job.

The medical field is still growing, and growing rapidly. You don't need to be a nurse or doctor to get into this field. A quick two year degree in medical assisting can get you work in a doctors office or related business. Medical assistants perform various clinical tasks, and some clerical. These positions will continue to grow as the medical field expands and gets more technical.

A law degree takes years. But most law offices need legal groundwork. This is done mostly by paralegals. Becoming a paralegal is as short as a two year degree. Any law office utilizes these trained professionals, from public district attorneys, to private law firms. Law research is what they do, and your degree will make you an expert at it. Some firms have internships as well to gain experience.

The computer world is still perhaps the fastest growing segment. You will probably need a bachelor's degree in information technology, or computer science. If you already have a year or two of college under your belt, think about a computer science degree. Anything from information technology to information systems and security is in high demand. It is a tough degree to complete, but has some of the best starting salaries around.

Anything business related is always hot. And a bad economy fuels the need for more. An MBA is not required. A bachelors degree in business will suffice as a starting point. Starting pay and demand is quite high in relation to other degrees. Switching to business after starting college is not hard. Yes, it could even lead you to get an MBA and be well ahead of the pack of job seekers.

If college is an option, no reason to just pick any degree. The degrees above will almost lead to guaranteed jobs. And high paying ones at that!

>>Average teachers salary.

>>Become a teacher.

>>Can you afford to go to college?