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Study in Taiwan, study loan.#Study #loan


Study in Taiwan

Fun in Taiwan

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Taiwan is a modern, free, democratic society whose people are hardworking, fun-loving, educated and friendly. While eagerly embracing the future, the people of Taiwan hold onto traditional values and ideals. The family, including ancestors, is of utmost importance; education and scholarship are held in high esteem. Traditional forms of writing, architecture and art are part of everyday life. Yes, in Taiwan the ancient and modern, traditional and new are seamlessly woven together, creating a fascinating, dynamic society like no other in the world.

  • Study loanFirst ∣ A Perfect Place to Learn Chinese
  • Study loanSecond ∣ A Repository of Chinese Culture
  • Study loanThird ∣ Learn Complete, Traditional Chinese Characters
  • Study loanFourth ∣ An Excellent Environment for Learning Chinese
  • Study loanFixth ∣ Available Scholarships
  • Study loanSixth ∣ A Free and Democratic Society
  • Study loanSeventh ∣ Easy to Reach, A Great Place to Travel
  • Study loanEighth ∣ High Standard of Living
  • Study loanNinth ∣ Test of Chinese as a Foreign Language (TOCFL)
  • Study loanTenth ∣ Work While You Study

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Study loan

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Study in Taiwan

Learning plus adventure!

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Elite Study in Taiwan

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Taiwan Quality Institution Directory

Results of institutions, programs and overseas accreditation, as well as international affairs are provided here at Taiwan Quality Institution Directory, TQID.

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English Programs

All English, high quality, no Chinese barrier

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Meet the Students

“Meet the Students” will be available by 5/15

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Publications

Download the latest Publications of SIT

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Scholarships

See more scholarship information

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Taiwan has an outstanding higher education system that provides opportunities for international students to study a wide variety of subjects, ranging from Chinese language and history to tropical agriculture and forestry, genetic engineering, business, semi-conductors and more. Chinese culture holds education and scholarship in high regard, and nowhere is this truer than in Taiwan. In Taiwan you will experience a vibrant, modern society rooted in one of world’s most venerable cultures, and populated by some of the most friendly and hospitable people on the planet. A great education can lead to a great future. What are you waiting for? Come to Taiwan and fulfill your dreams. There are many reasons international students will find Taiwan an exciting and rewarding place to pursue their education.

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Funding for postgraduate study, study loan.#Study #loan


Funding for postgraduate study

You can get funding for postgraduate study through loans, studentships, bursaries and grants – you might also get help from your employer.

Search for postgraduate funding on the Scholarship Search or Prospects websites.

Postgraduate Loan for master’s degrees

If you’re starting a master’s course, you can apply for a Postgraduate Loan of up to £10,280 to help with course fees and living costs.

Studentships

Studentships are postgraduate positions that have funding attached for fees, living expenses or both. They’re mainly funded by Research Councils UK.

Teacher training, social work, medical and healthcare courses

You can apply for funding for:

Graduate-entry medical students can also get support from Student Finance England for fees charged over £3,465.

Charities and trusts

Charities and trusts sometimes provide grants, often for students from poorer backgrounds or those who’ve achieved academic excellence. Find out more at your local library in these publications:

  • the Educational Grants Directory
  • the Charities Digest
  • the Grants Register
  • the Directory of Grant Making Trusts

Learned societies

Societies sometimes offer funding for postgraduate or postdoctoral research. They include:

  • the British Academy (for humanities and social sciences – postdoctorate only)
  • the Royal Academy of Engineering (for engineering)
  • the Royal Society (for science – postdoctorate only)

Other help

You might be able to get funding from:

  • an individual – sometimes people donate awards to help postgraduates (these are usually offered through your university or college)
  • your employer – they might sponsor you if the course is relevant to your job
  • a Disabled Students’ Allowance
  • a Professional and Career Development Loan
  • the Student Awards Agency for Scotland if you’re from Scotland

Funding applications usually have to be in by the spring before you start studying in the autumn.


Student Loans South Africa – Approved Study Loans, study loan.#Study #loan


Student Loans – Approved Loans

A good education is your best bet for a bright future. With the high cost of education nowadays, it is getting harder to get into a decent school and get a rewarding job afterwards. What are your options then?

What is a student loan and is it necessary to get for enrolling in college?

Student loans are funds that are available to help finance your education. If you have enough savings to pay for school, then you do not need one

How does a student loan affect your credit?

Student loans affect your credit score like any other loans. As long as you pay on time, your credit should be fine.

Does a student loan and a bank loan affect your credit the same way?

They are both installment loans on your credit report. It is not advisable to take a bank loan since this is most likely not tax deductible like the student loan.

What happens to your credit score in you default on a student loan?

You can’t actually default in making payments. This doesn’t go away. While you may have stopped making payments, you will have to resume because it does not “age” off the credit reports, can not be discharged in bankruptcy and the interest keeps getting added to the outstanding balance.

Somebody with a huge outstanding student loan balance and no job to pay it off. can be set back decades in achieving their financial and social goals.

How do you fix a student loan that is over what you originally borrowed?

Have you exhausted all forbearance or deferment options? Or have you inquired about income-based payment plans? If you haven’t, this can be your first consideration.

What happens after your student loan application has been approved?

They usually don’t give you the money until right before the semester starts.

How does student loan forgiveness work?

Interest accumulates on any loan any time there’s a remaining balance.

Is it possible to get a student loan from a bank without a co-signer?

If you have a good credit history, it is possible to get a student loan without a co-signer. You should go to your bank and discuss this with your personal banker.

How can i get a student loan if i have bad credit?

For private student loans, you can only be approved on your own merit or you have to have a cosigner. Local banks might give you a loan but with a higher than normal interest rate.

Is there a difference between a regular loan and student loan?

Student loans don’t have to be paid until you finish school.

Loans have to be re-paid immediately with monthly payments.

What is the fastest way to get rid of student loan debt?

In order to attack this debt you first have to write out a budget and pay off your consumer debt on a “snowball method” which is you roll over the payments to the next step and add it to the minimum payment and that will add to the point it will be a big chunk of money to be applied to the student loan. But you have to really be diligent on getting this paid off. Otherwise it will take you forever.

Better to pay off student loan debt or invest in a home?

As long as you both have (relatively) stable employment, buy a home and buy one you can afford while paying on your loans. After awhile your student loans will be paid off and you’ll have equity in your house to upgrade to a bigger one if you want.

Is there a student loan available before actually enrolling in college?

No you can’t. And if you have any excess loan money you won’t get it until well after the semester has already started. at least 2 weeks in. Sometimes even longer depending on if you met the schools deadlines for turning all your paper work in.

How do I take out a private student loan?

Try to avoid private student loans unless you absolutely have to. They have higher interest rates, substandard extra fees, and require cosigners or good credit history.

I have a student loan payment but I want to go back to school. Is it possible to have my payments deferred?

Its possible, but most loan providers only let you defer it for the 4 years your in school, your going to have to contact your loan provider to see what there policy is if you go on to grad school.

How long do you have to pay off a student loan?

Budget your finances. It is essential to create a budget so you can keep track of how much money is coming into your bank account, and how much money you are paying to cover expenses. Identify areas in which you can cut back on spending. Consolidate your student loans. Ask for student loan payment deferrals if you are unable to make your student loan payments on time. Focus on paying off your student loan sooner than later. Check to see what tax benefits you can get from paying your student loan.

How can I lower my monthly student loan payments?

If you have been paying them on time, there should be a way. Call them and ask if it would be possible to combine all the loans to gather with one interest rate. and ask them what they can do to lower your Payments. if that dose not work go to a bank or a credit union and ask if they can help you by giving You a loan to pay off the loan and just have one payment to them.

Study now, pay later seems like a good thing. After seeing all the facts, you will know for yourself if a study loan is the product for your requirements. One thing is for sure though –a good education is your guarantee for success.

Providers of study loans in South Africa

higher education is very important for securing your future, and that is why many south africans are keen to study further after completing high school. however, tertiary education can be very expensive, especially for the majority of people who need the education, but simply cannot afford it. this is primarily why study loans in south [ ]

Do you qualify for online loans in South Africa?

There has been an increase in providers of online loans in south africa over the last few years. they have managed to successfully assist thousands of people in need of financial assistance with quick and easy loans. one of the reasons why online loans have been successful is that many people have easy access to [ ]

Career development solutions | Bank student loans

tertiary education is very important for securing your future in today s competitive world. however, it is often very expensive to pursue one s dreams and those not fortunate to qualify for scholarships or bursaries may need to apply for bank student loans. these prove to be most helpful in allowing would-be students to pay for their [ ]

Best Study Loans Options for a Brighter New Year

so you’ve chosen to further your studies in the new year? that’s probably the best decision you can make for your future, but the future seems a long way away – doesn’t it? in fact, you’re probably wondering how you will accumulate the money to pay for your studies. working and studying at the same [ ]

Student Loans for a Brighter Future

although bursaries and other forms of grants are always the preferred form of financial aid, a lot of students don’t have this luxury and have to rely on student loans. to most students a student loan can help them to concentrate on studying rather than worrying about sourcing of funds. this article analyses the advantages [ ]

Secure a Brighter Future with Student Loans

student loans remain a popular option for many young people aspiring entrepreneurs, leaders, academics and so on to secure a brighter future. higher education unlocks the door to endless possibilities, which is why finding finance for a degree or diploma has become an important issue for thousands of parents and prospective students alike. [ ]

Paying Off Your Student Loans Fast

Study loan

you are now a one of the fresh graduates out to conquer the world. before you set your sights in climbing the career ladder, don’t be weighed down by your student loans first. take time to study your options in how you can quickly pay off the loans so you can be on your way [ ]

A Word on Borrowing and Repaying Student Loans

Study loan

you need to bridge that college education funds gap. you find out about student loans and wonder if this is right for you. here are some tips that might help you borrow sensibly. it is still borrowing isn’t it? a student loan is still a loan even if you don’t have to pay the loan [ ]

Dos and Don’t s of Student Loans

Study loan

getting a student loan for the first time can be quite a challenge. it is new and the fate of your future education rests in the hands of a private lender or the government. you need help. a student loan is expensive and you don’t just sign a lot of papers and head straight to [ ]

Student Loans Primer

Study loan

are you thinking of getting a student loan to pay for your college education? learn the facts first on student loans so you will pass and succeed with flying colors. accrued interest-interests on student loans are accrued over time default rate-a student is in default when he or she hasn’t kept up with payments. the [ ]


Student Loans South Africa – Approved Study Loans, study loan.#Study #loan


Student Loans – Approved Loans

A good education is your best bet for a bright future. With the high cost of education nowadays, it is getting harder to get into a decent school and get a rewarding job afterwards. What are your options then?

What is a student loan and is it necessary to get for enrolling in college?

Student loans are funds that are available to help finance your education. If you have enough savings to pay for school, then you do not need one

How does a student loan affect your credit?

Student loans affect your credit score like any other loans. As long as you pay on time, your credit should be fine.

Does a student loan and a bank loan affect your credit the same way?

They are both installment loans on your credit report. It is not advisable to take a bank loan since this is most likely not tax deductible like the student loan.

What happens to your credit score in you default on a student loan?

You can’t actually default in making payments. This doesn’t go away. While you may have stopped making payments, you will have to resume because it does not “age” off the credit reports, can not be discharged in bankruptcy and the interest keeps getting added to the outstanding balance.

Somebody with a huge outstanding student loan balance and no job to pay it off. can be set back decades in achieving their financial and social goals.

How do you fix a student loan that is over what you originally borrowed?

Have you exhausted all forbearance or deferment options? Or have you inquired about income-based payment plans? If you haven’t, this can be your first consideration.

What happens after your student loan application has been approved?

They usually don’t give you the money until right before the semester starts.

How does student loan forgiveness work?

Interest accumulates on any loan any time there’s a remaining balance.

Is it possible to get a student loan from a bank without a co-signer?

If you have a good credit history, it is possible to get a student loan without a co-signer. You should go to your bank and discuss this with your personal banker.

How can i get a student loan if i have bad credit?

For private student loans, you can only be approved on your own merit or you have to have a cosigner. Local banks might give you a loan but with a higher than normal interest rate.

Is there a difference between a regular loan and student loan?

Student loans don’t have to be paid until you finish school.

Loans have to be re-paid immediately with monthly payments.

What is the fastest way to get rid of student loan debt?

In order to attack this debt you first have to write out a budget and pay off your consumer debt on a “snowball method” which is you roll over the payments to the next step and add it to the minimum payment and that will add to the point it will be a big chunk of money to be applied to the student loan. But you have to really be diligent on getting this paid off. Otherwise it will take you forever.

Better to pay off student loan debt or invest in a home?

As long as you both have (relatively) stable employment, buy a home and buy one you can afford while paying on your loans. After awhile your student loans will be paid off and you’ll have equity in your house to upgrade to a bigger one if you want.

Is there a student loan available before actually enrolling in college?

No you can’t. And if you have any excess loan money you won’t get it until well after the semester has already started. at least 2 weeks in. Sometimes even longer depending on if you met the schools deadlines for turning all your paper work in.

How do I take out a private student loan?

Try to avoid private student loans unless you absolutely have to. They have higher interest rates, substandard extra fees, and require cosigners or good credit history.

I have a student loan payment but I want to go back to school. Is it possible to have my payments deferred?

Its possible, but most loan providers only let you defer it for the 4 years your in school, your going to have to contact your loan provider to see what there policy is if you go on to grad school.

How long do you have to pay off a student loan?

Budget your finances. It is essential to create a budget so you can keep track of how much money is coming into your bank account, and how much money you are paying to cover expenses. Identify areas in which you can cut back on spending. Consolidate your student loans. Ask for student loan payment deferrals if you are unable to make your student loan payments on time. Focus on paying off your student loan sooner than later. Check to see what tax benefits you can get from paying your student loan.

How can I lower my monthly student loan payments?

If you have been paying them on time, there should be a way. Call them and ask if it would be possible to combine all the loans to gather with one interest rate. and ask them what they can do to lower your Payments. if that dose not work go to a bank or a credit union and ask if they can help you by giving You a loan to pay off the loan and just have one payment to them.

Study now, pay later seems like a good thing. After seeing all the facts, you will know for yourself if a study loan is the product for your requirements. One thing is for sure though –a good education is your guarantee for success.

Providers of study loans in South Africa

higher education is very important for securing your future, and that is why many south africans are keen to study further after completing high school. however, tertiary education can be very expensive, especially for the majority of people who need the education, but simply cannot afford it. this is primarily why study loans in south [ ]

Do you qualify for online loans in South Africa?

There has been an increase in providers of online loans in south africa over the last few years. they have managed to successfully assist thousands of people in need of financial assistance with quick and easy loans. one of the reasons why online loans have been successful is that many people have easy access to [ ]

Career development solutions | Bank student loans

tertiary education is very important for securing your future in today s competitive world. however, it is often very expensive to pursue one s dreams and those not fortunate to qualify for scholarships or bursaries may need to apply for bank student loans. these prove to be most helpful in allowing would-be students to pay for their [ ]

Best Study Loans Options for a Brighter New Year

so you’ve chosen to further your studies in the new year? that’s probably the best decision you can make for your future, but the future seems a long way away – doesn’t it? in fact, you’re probably wondering how you will accumulate the money to pay for your studies. working and studying at the same [ ]

Student Loans for a Brighter Future

although bursaries and other forms of grants are always the preferred form of financial aid, a lot of students don’t have this luxury and have to rely on student loans. to most students a student loan can help them to concentrate on studying rather than worrying about sourcing of funds. this article analyses the advantages [ ]

Secure a Brighter Future with Student Loans

student loans remain a popular option for many young people aspiring entrepreneurs, leaders, academics and so on to secure a brighter future. higher education unlocks the door to endless possibilities, which is why finding finance for a degree or diploma has become an important issue for thousands of parents and prospective students alike. [ ]

Paying Off Your Student Loans Fast

Study loan

you are now a one of the fresh graduates out to conquer the world. before you set your sights in climbing the career ladder, don’t be weighed down by your student loans first. take time to study your options in how you can quickly pay off the loans so you can be on your way [ ]

A Word on Borrowing and Repaying Student Loans

Study loan

you need to bridge that college education funds gap. you find out about student loans and wonder if this is right for you. here are some tips that might help you borrow sensibly. it is still borrowing isn’t it? a student loan is still a loan even if you don’t have to pay the loan [ ]

Dos and Don’t s of Student Loans

Study loan

getting a student loan for the first time can be quite a challenge. it is new and the fate of your future education rests in the hands of a private lender or the government. you need help. a student loan is expensive and you don’t just sign a lot of papers and head straight to [ ]

Student Loans Primer

Study loan

are you thinking of getting a student loan to pay for your college education? learn the facts first on student loans so you will pass and succeed with flying colors. accrued interest-interests on student loans are accrued over time default rate-a student is in default when he or she hasn’t kept up with payments. the [ ]


Loan Processor Certification and Certificate Program Overviews, study loan.#Study #loan


Loan Processor Certification and Certificate Program Overviews

Community colleges and vocational schools offer loan processing certificate programs, which equip students with the skills needed in dealing with loan applications. Individuals who meet education and experience requirements may opt for certification.

Essential Information

Loan processor certificate programs provide a basic overview of the real estate and banking industries while also supplying practical knowledge of how to process a mortgage loan application. While most loan processors only determine the accuracy and quality of a loan application, loan processor certificate programs often cover the entire loan approval process, including loan underwriting, brokerage, and closing. The educational prerequisites necessary to gain enrollment into a loan processor certificate program vary by the school or organization hosting it, but the primary prerequisite is often a high school diploma or its equivalent.

Find schools that offer these popular programs

  • Banking Related Services
  • Credit Management
  • Financial Mgmt Services
  • Financial Planning Services
  • International Finance
  • Investments and Securities
  • Public Finance Mgmt

Loan Processor Certificate Program

Students in a loan processor certificate program should have a strong attention to detail and an aptitude for mathematics. Examples of courses include:

  • Loan processing ethics
  • Real estate law
  • Real estate fraud
  • Escrow
  • Loan underwriting
  • Brokerage and banking

Popular Career Options

Individuals who earn this certificate are qualified to work in a variety of loan-granting organizations. Loan processors can find work in:

  • Banks
  • Brokerage firms
  • Real estate companies
  • Mortgage lending firms
  • Financial institutions

Employment Outlook and Salary Info

Mortgage loan processors are responsible for reviewing incoming residential loan applications, verifying their accuracy and passing them along to loan underwriters. While the U.S. Bureau of Labor Statistics doesn’t provide information specific to loan processors, the closely related field of loan officers was projected to see an 8% increase in employment opportunities from 2014-2024. The mean annual wage for this field was $75,170 as of May 2015.

Certification and Continuing Education

Loan processors are not strictly required to gain certification, but the National Association of Mortgage Processors (NAMP) does offer certification options to professionals in the field. The organization offers three credentials: the Certified Purple Processor (CPP) for loan processors just starting out in the field, the Certified Master Loan Processor (CMLP) for loan processors with at least five years of professional experience or the Certified Ambassador Loan Processor (CALP) for professionals who have at least 15 years of work experience.

Certificate programs in loan processing provide training in all the tasks involved to successfully handle credit requests and applications. Obtaining a certificate allows students to gain employment in various institutions and eventually apply for the voluntary professional certification offered by the NAMP.


How to Become a Loan Broker, study loan.#Study #loan


How to Become a Loan Broker

Learn how to become a loan broker. Research the job description and the education and licensing requirements and find out how to start a career in real estate finance.

Should I Become a Loan Broker?

Loan brokers and loan officers act as client representatives and advisers for real estate loan transactions. They work closely with banks to originate loans, qualify a client, recommend approvals, and facilitate the entire transaction process. Loan brokers mainly handle residential or commercial real estate loans, representing people or businesses.

Find schools that offer these popular programs

  • Banking Related Services
  • Credit Management
  • Financial Mgmt Services
  • Financial Planning Services
  • International Finance
  • Investments and Securities
  • Public Finance Mgmt

Career Requirements

Sources: U.S. Bureau of Labor Statistics (May 2014), O Net OnLine, Job postings by employers (October 2012)

Step 1: Earn a Bachelor’s Degree

Although not formally required to become a loan broker or loan officer, earning a bachelor’s degree might improve job prospects and salary negotiations. Completing the degree in a relevant field, such as finance, business or economics, can give an individual the financial background necessary to become a successful loan broker and display a candidate’s dedication to prospective future employers. Once an individual has completed a 4-year bachelor’s degree program, he or she can go on to take approved courses designed specifically for licensure.

Success Tips:

  • Develop excellent communication skills. Loan brokers and officers need excellent verbal and writing skills to communicate effectively with clients, coworkers and other business affiliates. A student enrolled in a bachelor’s degree program can opt to take courses in communications, public speaking or writing to improve his or her communication abilities.
  • Gain work experience in the field. If a student plans to work while completing his or her undergraduate degree, getting a job in the financial services industry through internships or paid positions can help build field experience and assist with future career prospects. Working in related businesses might also help a student with networking opportunities.

Step 2: Complete a Loan Broker Training Course

Although states have varying requirements for loan broker licensure, federal law as of 2008 mandated the Mortgage Loan Originator (MLO) license for any residential loan broker or officer that provides client services. To earn the license, an individual needs to complete 20 hours of approved coursework that is usually offered online. Some typical areas of study include federal law, ethics and non-traditional mortgage lending. The course is designed to be completed in a short period of time, usually between three days to a week. Once the training is complete, a student is ready to get licensed.

  • Complete MLO license training during bachelor’s program. A student may opt to complete the MLO license training while still enrolled in a 4-year bachelor’s program to save time. For example, the 20 hours of training might be completed during a student’s summer session to give him or her a head start.

Step 3: Get and Maintain MLO License

After completing the education necessary for licensure, the final step entails successfully passing a national exam. Some states may also require passing an additional state exam. Finally, a licensee must pass criminal background and credit history checks. Failing to meet these background requirements can delay or prevent an individual from getting the license.

The MLO license needs to be renewed every year, and many states require the completion of continuing education to qualify for license renewal. Continuing education typically involves revisiting topics in ethics, such as fair lending, consumer protection and fraud.

Step 4: Consider Voluntary Certification

After becoming formally licensed, a loan broker is eligible for voluntary certification. Certifications are offered through various non-profit organizations, including the American Bankers Association and the Mortgage Bankers Association. In general, eligibility requirements include completing an approved training program and may also require proof of at least two years of industry work experience and a professional reference letter. The final step for most certifications is to successfully pass an exam. Maintaining or renewing certifications can entail completing approved continuing education.


International Student Loans, Study abroad loans #embrace #home #loans


#study loan
#

International Students

Sallie Mae ® Smart Option Student Loan ® 1

If you are an international student, you and your cosigner can apply online by clicking above. Or, learn more about the Smart Option Student Loan.

Call us

Encouraging Responsible Borrowing

1 You must attend a participating school or have attended one in an eligible prior enrollment period. You must be a U.S. citizen or a permanent resident or a Non-U.S. citizen borrower who is attending or has attended a school located in the U.S. applying with a creditworthy cosigner (who must be a U.S. citizen or permanent resident) and required U.S. Citizenship and Immigration Service (USCIS) documentation. U.S. citizens and permanent residents enrolled in eligible study abroad programs or who are attending or have attended schools located outside the U.S. are also eligible. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply.

Smart Option Student Loans, Bar Study Loans, Residency and Relocation Loans, and Career Training Smart Option Student Loans are made by Sallie Mae Bank or a lender partner.

WE RESERVE THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE. CHECK SALLIEMAE.COM FOR THE MOST UP-TO-DATE PRODUCT INFORMATION.

Sallie Mae, Smart Option Student Loan, Bar Study Loan, Residency and Relocation Loan, Career Training Smart Option Student Loan and the Sallie Mae logo are service marks or registered service marks of Sallie Mae Bank or its subsidiaries.


Study Shows Blacks, Hispanics Charged Higher Auto Loan Rates #refinance #rates


#car loan interest rates
#

Study Shows Blacks, Hispanics Charged Higher Auto Loan Rates

By Michelle Singletary

It’s probably fair to say that most car buyers know they don’t have to pay the manufacturer’s suggested retail price on a new car. We know the deal: The vehicle price is negotiable at dealerships where haggling is still the industry norm.

But for many borrowers, that same knowledge needs to carry over to the interest rate they pay to finance a vehicle. This is particularly true for African-Americans.

An analysis of the most recent Federal Reserve Board’s Survey of Consumer Finances data, completed on behalf of the Consumer Federation of America (CFA), found that in 2004, African-American car buyers paid much higher loan rates on new and used autos than white Americans.

On 2004 loans for new car purchases, blacks paid a median interest rate of seven percent, compared with five percent for white borrowers and 5.5 percent for Hispanic borrowers. On used car loans, African-Americans and Hispanics both received considerably higher interest rates. The median rates for African-Americans and Hispanics were 9.5 and nine percent respectively, compared with 7.5 percent for whites.

Additionally, CFA found that more African-Americans paid auto loan rates of at least 15 percent. For new car loans, six percent of African-American borrowers paid 15 percent or more, compared with just 1.7 percent for whites and 1.8 percent for Hispanics. On used car loans, 27 percent of black borrowers and 18.5 percent of Hispanic borrowers paid 15 percent or more, compared with only 9.2 percent of white borrowers, the analysis found.

For CFA, the findings suggest possible discrimination. It is likely that most of the difference in rates reflects disparate treatment, said Stephen Brobeck, CFA’s executive director.

An industry representative challenged CFA’s conclusion. The data do not contain the necessary information regarding a host of variables that have direct and substantial impact on the rates, including, most notably, the borrower’s creditworthiness, and prevailing rates at the time the credit was issued, said David Hyatt, vice president of public affairs for the National Automobile Dealers Association.

And yet expert research in 11 class-action lawsuits against major auto finance companies and banks found that blacks and Hispanics were consistently charged higher interest rates on their loans even when there was little difference in such factors as amount financed, term of loan and, most important, creditworthiness, said Stuart Rossman, director of litigation for the Boston-based National Consumer Law Center (NCLC), which was a co-counsel in all the lawsuits.

The NCLC charged that the finance companies and banks put in place policies that allowed car dealers to mark up the interest rates on auto loans to minorities based on subjective criteria unrelated to their credit risk. All the cases have been settled the most recent in March without the lenders acknowledging any wrongdoing.

When a consumer asks the dealer to arrange financing, the loan is not made by the dealer. Instead, the dealer is acting only as a middleman, sending the consumer’s credit application to a lender, which may include a bank or finance company owned by the automobile manufacturer. Taking into account that person’s credit history and other information, a lender approves the finance application for a certain annual percentage rate known as the buy rate.

Generally, the consumer does not know their buy rate and doesn’t know the interest rate may have been marked up, Rossman said.

Let’s look at this in real dollars. Suppose the car you want to buy costs $28,000. Currently the national average interest rate on a 48-month new car loan is 6.9 percent, according to bankrate.com. At that rate over the life of the auto loan, you would pay about $4,100 in interest. If the rate is kicked up to 15 percent, the total interest would be $9,400.

Dealers defend markups as legitimate compensation for helping to arrange loans. But there is a difference between a fair profit and gouging. Certain borrowers should be charged a higher interest rate if their credit history and other factors indicate they’re a risk. But arbitrarily increasing a loan’s interest rate based on someone’s skin color, national origin and yes, even naivete, is despicable.

The CFA data are a picture of what was happening before the recent lawsuit settlements. Let’s see how things change once the terms of those settlements go into full effect. For example, consumers will have to be told in writing that their financing is negotiable. The settlements also impose markup caps that range from 1.5 to 2.5 percentage points depending on the length of the loan, Rossman said.

We hope that the many lawsuit settlements will reduce the disparity significantly, Brobeck said.

So how do you get the best financing deal?

All consumers, not just African-Americans, need to protect themselves by getting an auto loan rate quote from their own bank or credit union before they go shopping for a car, Brobeck said.

Notice he said before you set a foot onto the car lot or go online to shop for a car. If you don’t follow that advice, you’re likely to pay more for your auto loan than your risk profile suggests.


Business Analyst Interview Questions and Tips #business #analyst #study #material


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Business Analyst Interview Questions and Tips

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Updated May 21, 2017

A business analyst s core role is the ability to understand a company s operations and goals and make suggestions for improvement. While the specific responsibilities and mission for business analyst positions vary from one company to another, there are a number of questions that you re likely to be asked in any business analyst interview.

These questions include a combination of behavioral interview questions. along with inquiries relating to business analyst terms and those that test your skills as a business analyst.

You will need to be able to construct complete answers, with anecdotes from your career that show successes related to the topics you are asked about.

During your interview preparation, it’s a good idea to take a careful look at the job posting, and analyze the criterion they mention they are seeking in an employee. Do your best to match your skills and experiences to the specifications listed, so you can present yourself as a highly qualified candidate for the position. It can be helpful to review key business analyst skills they will be looking for, and come up with examples of how you have used them in practice.

Business Analyst Interview Questions

  • What analysis and modeling techniques and methodologies have you found to be the most effective, and why?
  • What are some of the most important points a business analyst must take care of when preparing a business plan?
  • What diagrams and/or other materials do you use to capture and describe customer needs and convey technical information?
  • How many business case engagements have you worked on? What was your involvement?
  • Tell me about a time when you created long-range plans at a previous employer.
  • How do you determine which Business Intelligence (BI) tools to use? Which have you worked with?
  • If two companies are merging, explain what tasks you would implement to make the merge successful, and how you would implement those tasks.
  • Explain the steps you must take to create use cases when working with specific document requirements.
  • Tell me about a time when you ve had to work with difficult stakeholders, and how you handled it.
  • Describe three of the different types of diagrams that business analysts most often use.
  • Define and describe the difference between basic flow, exception flow, and alternate flow in use cases.
  • Tell me about how you usually approach a project.
  • How have you handled stakeholders who were difficult?
  • Can you define the diagrams that business analysts use?
  • Why do you think flowcharts are important?
  • Where do you see the role of a business analyst fitting into an organization?
  • What is your requirement elicitation strategy?

Questions About Business Analyst Terms

  • Define application usability.
  • What is Pareto Analysis?
  • What steps are necessary to turn an idea into a product?
  • What does BPMN stand for? What is BPMN Gateway?
  • Explain CAP Analysis.
  • What does INVEST stand for and what does it do?
  • What is meant by an alternate flow in a use case?
  • Tell me what you know about scope creep.
  • Describe the difference between a business requirement document (BRD) and functional requirement document (FRD).
  • Explain the difference between an analysis model and a design model.

More Business Analyst Interview Tips

Before you arrive at your interview, make sure that you have spent enough energy getting ready to interview. Preparing yourself for the most common business analyst job interview questions is only part of the challenge. Choose what you are going to wear to the interview ahead of time, and make sure it’s cleaned, pressed and ready to go the night before.

Have a briefcase or portfolio set with the items you re bringing with you. so you’re not scrounging a working pen at the last minute. Leave plenty of time to get to the interview 10 to 15 minutes early, and take into account your transportation and parking plans. Paying attention to these seemingly small details is important in making the best possible impression on the hiring manager.

Be sure that you re ready to sell yourself effectively during the interview by spending time thoroughly researching the company, and coming up with questions to ask the employer as well.

In addition to specific topics related to business analysis, you’ll also likely be asked some general interview questions. so spend some time thinking about how to answer these as well. You will be much more confident, and likely to move ahead in the hiring process when you take the time to thoroughly prepare for your interview for a business analyst position.

More Interview Resources

Preparing yourself for the most common business analyst job interview questions is only part of the challenge. Be sure that you re ready for the interview with these comprehensive resources.

More Interview Questions and Answers
Common job interview questions, plus sample answers you can use to practice for a job interview.

Questions to Ask the Employer
Come prepared with a well-researched list of questions to ask. Here are interview questions to ask the employer, as well as questions you shouldn t ask an interviewer during a job interview.


Psychology study online #psychology #study #online


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Psychology

In psychology, we explore the human mind, behaviour and emotions, because we want to make a difference. We care for people and seek knowledge with the aim of providing meaningful help and support. Studying psychology opens doors to students interested in a wide range of work opportunities, from clinical treatment to fieldwork in communities in need, as well as legal, government and corporate professions.

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Experience is invaluable, because in psychology we draw on the ‘human element’: the ability to listen and empathise. At Deakin, we emphasise learning from real life, and we make this possible through our unique partnerships, peer-mentoring and transition-to-work activities.

You’ll have opportunities to undertake work experience while you complete your course.

The School of Psychology has valuable links with workplace partners, so you can graduate with a resume already full of real-life experience.

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Study where you want to live: the Melbourne Burwood Campus, the Geelong Waterfront Campus, the Geelong Waurn Ponds Campus, the Warrnambool Campus. Or, even online through our Cloud Campus.

As a research student, doors will open to collaborations with our external partners including industry, hospitals, businesses, local communities and support centres.

Our expert supervisors will guide your enquiry into human behaviour and help you make your mark in the research world.