Archive for December, 2008

Understanding College Loans and advice by Grandpa

Wednesday, December 3rd, 2008

This is the first of our series on student loans. Many students are
accumulating $25,000 and up in student loans. This can lead to serious
financial problems. Our greatest advice to the student is to get the degree.
A giant loan without the degree is a giant waste of money. Deliver
pizzas and study all night. You are young. You can take it.
Think hours and not grades. You’ll be better off with a C average in 16 hours per semester than with a B average in 8 hours per semester. The person interviewing you probably won’t have a high GPA and could care less. It’s the degree that opens the door, not the GPA. Time is of the essence , young person, push yourself!
The loan is much easier to pay back if you graduate.
So get the degree!
School loans are opportunities. Don’t assume the next opportunity train will come by.
Sieze the day!

Enough advice from Grandpa. Get back you ol’ fool! Who said you could post?

Some interesting sites

Six Steps to Financial Aid

Sallie May

Seven Golden Rules to Lower Your Student Loan Debt

Look Twice at Loan Advice from the U.S. News and World Report

Here is a Student Loan Advice Blog. Looks like a good site

Ten Alternative Ways to Cut College Costs from Bankrate.com

Bank Ratings Help Rank your Bank Baby

Monday, December 1st, 2008

Yessiree,
There are indeed bank ratings and your bank is probably there.
Here are a few:

Bankrate.com
The Safe & Sound® ratings system employs a series of 22 tests to measure the capital adequacy, asset quality, profitability and liquidity of each rated financial institution.


Bauerfinancial

Bauerfinancial provides consumers, corporations and non-profits a convenient way of getting status reports on specific banks and credit unions or on groups of institutions.

A.M. Best Company
Best’s Banking Center focuses on the U.S. market, providing online access to bank ratings, data, special reports, methodologies and news on the U.S. banking industry.

The Federal Reserve CRA Rating system
The database here provides ratings information dating back to 1990 for banks examined by the Federal Reserve. Ratings can be reviewed for a particular group of banks or for a single bank.