Link Audit Finance

All money is a matter of belief

Month: September 2018

How To Get Money Fast For Student Loan

When applying for student loans, one of the most important things for you to consider is how you can get your loan approved in the fastest possible time.

Certainly, when you are just starting your study, these are the times when you have to be totally focused on the decisions you are making and this certainly includes the financial ones as well.

What is certain, is that you need to be de-stressed about your choices and helping to get your loan approved in the fastest time possible will certainly help in the de-stressing process.

Let’s look at few methods to help fast-track your finances and then let’s take a look at some methods you can help turn around the debt process and put some money back in your pocket.

Tips to Help Fast Track Your Loan

  1. Standard Student Loan. This type of loan will give you funds almost straight away and the bonus is, that you won’t have to may repayments until after you have received your academic qualifications.
  2. Cosigner. Having someone cosign your loan agreement will certainly speed up the approval process, certainly if your cosigner has a good credit score will also help. A cosigner can be a family member, friend or anyone who has faith in you.
  3. Online. One of the ways to fast track your loan approval is to apply online and use the online application that the lender has available. Once your loan is approved, you will have access to the funds almost immediately.

Tips to Help You Generate a Passive Income

  1. Blogging. This seems a bit cliché but people are making big dollars from simple blogs. Some of these blogs can cost $0 to set up and only require an hour or so a week for you to maintain them. Do a search for the ‘top ten bloggers’ and you will be amazed.
  2. Kindle. Did you know that you can publish a book on the kindle platform in about 7 minutes? This system is so simple to use that many people are now starting to jump on board and self-publish micro-books (these are short books 10-30 pages that solve a specific problem).
  3. Crowd-fund. This is perhaps one of the quickest ways to raise some fast capital that exists today short of winning the lottery. You can put up a short campaign on one of these sites so that ‘the crowd’ can donate to your cause. You can even get your own software and set up your own crowdfunding website in minutes.

I hope that you have found some great tips about student loans and how you can fast track your cash flow. Good luck with your endeavors.

How Student Loan Works

Studying in a global university is an uphill task. With increasing admissions and other expenses, parents cannot guarantee the finance for their child’s higher education. Securing admission under this scenario requires money and time management too. The range of expenses include admission costs, hostel rent books and the tuition fee. Parents dream of a successful career, and therefore, nothing should come in way of pursuing the studies. Parents help to a great extent money wise, but even they have their limits. In this situation, students are offered an opportunity to take care of their expenses in the form of short term student loans. Availing the loan is fairly simple. A loan benefits by providing the funds to take care of their cost of education.

Advantage of the Student Loan

The loan is important to anyone looking forward to secure finance for their higher education. The acquired funds have capability of helping the students for further education. There are a few advantages to these loans listed here that will help the borrower make a sensible decision:

• Minimal Interest Rates

Before applying for any type of loan, people are cautious about the interest rates. Nobody wants to burden themselves with whopping interest rates that would result in non-repayment of the loan amount. Student loans are suggested by many brokers on competitive APRs and manageable terms of repayment. The borrowers have an option to consider all the available offers through a comprehensive online research and compare the prices. Only after proper research, the customer should approach the regulated broker.

• Flexible terms of repayment

Before countersigning the documents, applicant must clearly understand the terms and conditions that are being laid down. The intermediary will explain them to the borrower, if he is unable to understand. The repayment provisions are kept trouble-free. The payment amount is decided keeping in view the financial condition of the applicant. Sufficient time is provided to repay the borrowed money. Paying off the loan is reflected on the credit report, finally improving the credit score and establishing the credibility.

• No requirement of guarantor

When the individual applies for the loans online, there is no need to provide the guarantor. Adviser makes sure, the lender disburse the funds without putting forth the condition of arranging the guarantor. This saves a lot of time, as you do not need to search for the person, to act as your guarantor and support your application.

Student loans not only serve the purpose of providing quick funds for the education. These types of loans also assist in creating a positive credit history. The funds are not provided out for free. The short term student loans must be repaid when the borrower completes his or her education. Adequate time is provided for the payback.

 

Option Loans For Education

As the cost of higher education continues to rise, many parents and young people struggle with how to cover the cost of college education. Costs of in state and private schools. What are your options when planning for education funding?

529 Plan- These types of plans allow you to contribute after tax dollars that grow tax free. Qualified withdrawals from the plan are not taxed when used for qualified education expenses. You can choose a savings plan that works similar to an IRA, which allows the student to attend a school of his/her choice. Or, you can choose a pre-paid plan that allows you to pre-pay part or all of the costs of an instate public college education.

Life Insurance – Some types of life insurance build cash value and also provide a death benefit. If funded properly, you can access the cash value at the time the child attends college. Keep in mind that accessing the cash value, could also affect the death benefit provided under the policy.

Student Loans- Student loans can be helpful but it is important to remember that students may have to divert funds in the future to repay loans. These are funds that could be used to be used to accomplish other financial goals. If borrowing becomes a necessity, parents could also take a home equity loan and deduct the loan interest at tax time.

Transferring Funds to Children- As of the 2017 tax year, parents and grandparents can gift up to $14,000 to each child without gift tax consequences.

Tax Credits- The American Opportunity Tax Credit and Lifetime Learning Credit are tax credits available to full time students. Household income guidelines do apply, so be sure to check the IRS website to see which option might work better for your family.

Education Savings Account- Parents, guardians, or other qualified individuals can contribute up to $2000 per year on behalf of eligible students under age 18. Withdrawals from the account are not taxable if used for qualified education expenses. All funds must be distributed within 30 days of the participant’s 30th birthday.

The cost of funding higher education can be daunting! It is important to consider many options when thinking about how to fund the cost. All of the above options are various mechanisms available to do so. It is also important to consider what types of grants might be available when selecting educational funding options.

 

Tips To Pay Off Your Student Loan

Here are the HARD facts that most college graduates will be facing after school.

Not having a job or not having the job that they want, because the days of graduating from school and staying with the same company are dead and over.

“Most college graduates will have up to 3 careers or more in their lifetime”.

Well, at least that is what the economists out there are projecting.

With that being the case.

I would recommend you to start your entrepreneur career while in school.

You can start an online business or side business right out of your dormitory room and work on it around your class schedule and then turn that business into a cash cow for YOU.

Which you can then use to pay off your student loan.

I mean, you would think this would be a no-brainer for most college students but you would be thinking wrong.

Most of them are too busy using these 4 years away from home to party like crazy and follow the crowd!!

The other thing is you can use this experience to get the job that you want before you graduate.

Okay, now let’s get into a few business models.

These are just the outlines for each one.

You will have to adopt, adapt and expand on the one that you choose, and make sure that you do some research and model your business after other great businesses that are in your market.

Don’t try to re-invent the wheel.

Learn from other businesses’ mistakes and test out ideas that you think may work for your own sales funnel.

The business models are.

1). Reverse e-commerce.

This is when you set up a site or use eBay and list items that you think may sales.

First step.

You take quality pictures and list the item.

If and when they sell, you then go back and buy the item and ship it to the buyer.

This is a great way to do business because you don’t need any inventory.

This will give you the freedom to test out the market in your niche and see what is selling.

2). eBook business model.

This is when you write up a pdf and format it into an eBook with graphics.

Keep in mind though, you don’t need to create anything if you don’t want to.

Of course.

If you have a passion for an idea, try to create an eBook around that passion.

And if not.

You could just interview an expert and then turn that interview into not only into an eBook, but also an actual book and an audio product.

So, you could end up with a home study course or a membership site and earn monthly passive income from it.

Those are just 2 business model you can use and start from your very own dormitory room.

The great thing about both of these business model ideas is that you don’t need that much money to get started.

Now, can you see how this could and should work?

I would like to stress to you guys… really think about using this idea to pay off your student loan and at the same time build a successful online business!