What Are Variable Rate Student Loans?

Often, private money lenders offer a scheme of variable rate student loans to loan borrowers who are taking on a new education loan or refinancing their existing loan. These loans, unlike fixed-rate loans which stay the same till repayment, fluctuate over the course of time. 

Since variable rate loans have a tendency to keep changing or fluctuating, they pose a higher risk than fixed loans. However, they also have the scope of saving you hundreds or thousands of dollars in interest.  Whenever you take out a new student loan or set out to refinance your old one, you will be given the option to choose between variable rate student loans and fixed-rate student loans. 

What Are Variable Rate Student Loans? 

How do variable rate student loans work? A variable rate loan is defined by how its interest rates are determined or set. Only private student loans have variable interest rates as all federal student loans come with a fixed interest rate. 

A variable interest loan implies that the interest rate charged on the loan will change and vary over time. If the interest rate changes, your monthly repayment plan can happen to fluctuate too. 

These changing interest rates are not determined by the will or whims of your lender but instead it is the prevailing market conditions in the finance market that determine the variable interest rate. 

Most often, private loan lenders set and increase or change variable rates in direct proportion with the London Interbank Offered Rate (LIBOR). This rate is the average of the rates prevailing in the loans exchanged between banks or financial institutions themselves.

A variable interest rate loan varies from the fixed-rate loan because it can either increase or decrease during the course of the repayment period. It is made up of 2 parts- a fixed margin and a variable interest rate index.

If you are an Indian student who needs help with student loans, all you have to do is fill the form in this blog.

Fixed Margin

The fixed margin is the only part of variable rate student loans that do not vary over time. It is based on the lender’s analysis of your capacity to repay the loan. How does this work? When you are applying for a private student loan, the lender will analyze the creditworthiness of you and your co-signer. While a variety of methods are used for this analysis, a general rule usually used is if you have a higher credit score, you may get a lower fixed margin.

Variable Interest Rate Index

The second component of a variable interest rate loan is the interest loan index that makes the loan “variable” in nature.  The variable interest index is based on a predetermined benchmark that decides the question of how do variable rate loans work? The lender can decide which index to use but they cannot control its use. The most commonly used index is the LIBOR index that we mentioned earlier. As this index rate changes, so does the index part of your variable interest rate. The fixed margin plus the variable interest rate index make up the total amount of interest rate that you are charged with. 

Why You Should Opt For Variable Rate Student Loans 

Very often, variable interest loans start with a lower monthly payment and can thus save you a lot of money immediately in the short term. 

If you are seeking a new education loan or refinancing your old student loan, here are some of the reasons to watch out for variable rate student loans-

  • If you anticipate that the interest rate will remain low for a while
  • You are seeking cheap initial repayments- one of the main reasons to watch out for variable rate student loans.
  • You are opting for a short repayment period 
  • You are going back to college and want to refinance your old private student loans. 

We hope you enjoyed this blog on What Are Variable Rate Student Loans? To know more about related fields, do check out our other blogs. 

Do You Owe Taxes on Your Scholarships?- All You Should Know-

Introduction | Do You Owe Taxes on Your Scholarships?

If you have received financial aid to fund your education through winning a scholarship, first of all, our heartiest congratulations to you! However, you might be wondering if your scholarship qualifies as an income and do you owe taxes on your scholarships? Well, we are here to help you with your doubts like when are scholarships taxable? How are scholarships and grants taxable? Do I have to pay taxes on my financial aid?

To start off, it is possible that your scholarship may or may not be taxable. Speaking in general terms, a scholarship is ideally tax-free if you are a college student who uses the scholarship award to pay for your tuition fees, books, and other academic supplies. However, in certain cases like using the scholarship amount for your living expenses, it may become taxable. The taxability of scholarships depends on various factors. There are a number of restrictions in place to ensure you don’t take unfair advantage of Education Tax benefits.

So, which scholarships are taxable? Which are not?  Read on to find out more about the taxability of scholarships.

Scholarships to pay tuition fees at a recognized university or educational institution- Not taxable 

Taxes for grads- A scholarship to pay for your tuition at an eligible educational institution is not taxable. An eligible Educational Institution implies an institution whose main purpose is to impart formal education and instruction and has an enrolled student base. You need to be enrolled in the degree program and receive credits to be eligible for tax-free scholarships. However, if you use the amount for purposes other than tuition and fees payment, it may become taxable, and the same is the case for payment of services you do to receive the scholarship like teaching or interning. 

Scholarships for non-eligible educational institutions: taxable

Taxes for grads- If you use the awarded scholarship amount you receive for non-formal education from an institution that is not officially accredited or recognized, then it may become taxable. The scholarship only remains tax-free as long as you use it to pay for your tuition fees from an eligible educational institution. So do reconsider using the scholarship money to take informal classes. 

If you are an Indian student who needs help with student loans, all you have to do is fill the form in this blog.

Scholarship funds used for purposes qualified expenses- taxable

It might come across as surprising, but apart from the essential qualified education expenses like tuition fees and price of books and supplies, scholarship funds used for other educational purposes apart from tuition like room and board and travel and other living expenses are taxable, so do keep this in mind before opting for student accommodation or lodging.

Scholarships which include payment for your services: taxable

If you receive a scholarship grant which comes with the condition to work for it, by teaching, doing research, etc. and you receive payment for these services, keep in mind that these payments will be qualified as taxable income. All such payments will be subject to taxes except for some scholarships funded by government bodies like the  National Health Services Corps Scholarship Program or the Armed Forces Health Professions Scholarship and Financial Assistance Program.

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Veterans’ scholarships: not taxable | Do You Owe Taxes on Your Scholarships?

If you receive a scholarship under the Veterans’ Benefits Scheme, through your own military service, or through a family member, these funds for education and training are not considered taxable.    If you’re a veteran, the IRS doesn’t consider funds you get for education or training to be taxable income.

Other scholarships –

Do you owe taxes on your scholarships like athletic scholarships, need-based scholarships, and other scholarships? Well, such scholarship awards are tax-free based on the essential condition that they are used for qualified educational expenses for a predetermined period of time. 

Do keep in mind that even if your scholarships are taxable, they are still worth applying for as they will greatly reduce your educational expenses. 

We hope that all your doubts including when are scholarships taxable? ,How are scholarships and grants taxable?, Do I have to pay taxes on my financial aid? , are resolved now.

We hope you enjoyed this article on Do You Owe Taxes on Your Scholarships. To know more about related fields, do check out our other blogs. 

A Complete Guide To Need-Blind Colleges For International Students

If you have a vision of the American dream to study in a US university, you might just be aware that education in the States can be quite expensive, especially for international students including travel costs, fees, living expenses, etc. But this should not deter you from pursuing a college degree from the US as some schools provide need-based financial aid and a few offer need-blind admissions. The number of need-blind colleges for international students is relatively lesser, though. In this article, we will provide you with a guide to need-blind admission.

What is need-blind admission? In a need-blind admission procedure, the students are evaluated without any importance or consideration given to their families’ capacity to fund their education and the focus is solely on their merit and qualifications. This ideally applies to all need-blind colleges.

Guide to need-blind admission-

Need Blind vs Need Aware Colleges  | Need-Blind Colleges For International Students

Need Blind vs Need Aware Colleges -There are a lot of fundamental differences between ‘need-blind’ and ‘need-aware’ admission policies. As their names indicate, need-blind admission policies in all need-blind colleges do not take into account a student’s financial status and focus solely on his merit and qualifications while need-aware colleges take into account the student’s financial status and ability to fund his or her own education at some point in the evaluation process, even if it is not the sole criteria for admission. Some of the famous need-blind colleges for international students are Boston College, Brown University, Dartmouth College, Duke University, MIT, etc. 

If you are an Indian student who needs help with student loans, all you have to do is fill the form in this blog.

Does Need Blind Admission Imply That Your Education is Fully-Funded?

Not really. Even if the institution in question does offer financial aid to students, you will be expected to make a few financial contributions to your education calculated based on an analysis of your parents’ income, your income, and your other financial resources. It is possible that you may also be expected to participate in a work-study program or a part-time job to cover a part of the costs. That said, most students enrolled via a need-blind and full-need policy benefit a lot from the high amounts of scholarship money or grants they receive. 

The Top Need-Blind Colleges For International Students

While various US universities do offer a need-blind admission policy in some form, not all of them are applicable for international students. Some of the top universities offering need-blind admission sans full need-financial aid are  Boston College, Brown University, Dartmouth College, The Curtis Institute of Music, and Duke University colleges with need-blind admission.  The five US universities that offer both need-blind admission and full-need financial aid are the Massachusetts Institute of Technology (MIT), Harvard University, Princeton University, Yale University, and Amherst College. 

These colleges with need-blind admission are five of the most prestigious universities in the US and frankly, the world. They regularly feature at the top in various world university rankings, including the QS rankings in which MIT and Harvard often feature in the top 5 best universities in the world. Amherst is one of the top universities in the world for liberal arts education. 

Because of their high repute and selective admission policies, they are some of the toughest universities to gain admission to, but each of these universities promises to cover a majority of your education costs to attend the university, regardless of your origin or economic status. 

Keep in mind that many other US colleges and universities also offer generous grants and scholarships to deserving students under various policies, so even if they don’t have an official need-blind policy, do not hesitate to apply to them. You can calculate the estimated expenses using their net price calculator and determine how to meet the expenses with your available funds and resources. 

We hope you enjoyed reading this blog on the need-blind colleges for international students. To know more about related fields, do check out our other blogs. 

Which Are The Top Universities Without IELTS?

If you plan to study abroad and have researched about foreign universities, you might have noticed that most universities abroad require students to pass an English language test like IELTS, TOEFL, or other tests. This is because most courses are taught in English and English is the main or official language for communication in foreign countries. However, many universities acknowledge that IELTS or other tests are not a compulsory requirement, especially if the concerned student has completed their education with English as their primary language, received high marks in the subject, undertaken an Intensive English Language Program, or given other tests to prove their proficiency in English. It is totally possible to study abroad Without IELTS. In this article, we have compiled a list of the top universities without IELTS across the world. You can easily study abroad without IELTS in these universities.

Universities without IELTS in the USA- 

State University of New York

 Located in Albany, New York, this is a public university that gives admission to international students without IELTS if they undertake the Intensive English Language Program (IELP). This university is at the top of the list of Universities Without IELTS requirements.

 University of Iowa

This university is located in Iowa City and is a public research university.  It admits international students if they qualify for admission even if they do not take the IELTS exam. This is one of the best universities on the list of Universities Without IELTS requirements.

University of Arkansas

 This is a public research university that is situated in Fayetteville, Arkansas. If students are eligible for admission to this university they need not undertake the IELTS but must instead take up the Intensive English Language Program (IELP).

University of Dayton

This is a private research university owned by the Roman Catholic Church and is located in Dayton, Ohio. It grants conditional admission without IELTS if international students take up the Intensive English Language Program (IELP).

If you are an Indian student who needs help with student loans, all you have to do is fill the form in this blog.

University of Delaware

This university is a public research university that admits international students if they meet the admission requirements and criteria even without IELTS or proof of English language proficiency. 

University of New Orleans

This is a public research university situated in New Orleans, Louisiana, US. It offers conditional admission to international students from specific countries without IELTS requirements.

List of universities in Canada without IELTS for you to study abroad without IELTS in these universities-

  1. University of Saskatchewan 

This university accepts students without IELTS if they produce  CanTEST scores or undertake an English Training Program at the university

  1. Cambrian College 

 This college is situated in Ontario, Canada and admits students without IELTS if they undertake an English Training Program at the university.

  1. The University of Winnipeg 

This university is situated in Manitoba, Canada, and accepts students from various countries without the IELTS test if they undertake an English Language Program at the university after admission.

  1. Memorial University of Newfoundland and Labrador 

This university is situated in St. John’s, Newfoundland and Labrador, and admits students without an IELTS test if they undertake an  English Language Program at the university or produce high CanTEST or CAEL scores.

  1. Brock University 

This university is located in Ontario and admits students without IELTS if they undertake an Intensive English Language Program at the university. This is one of the top universities without IELTS in Canada.

  1. Carleton University 

This university admits students without an IELTS if they produce transcripts for the last three years of their study in an English language course. 

Australian top universities without IELTS for you to secure admission in universities without IELTS-
  1. The University of Queensland– You can secure admission to this university if your previous degree was taught in English or if you have professional experience in an English-speaking work environment. This is one of the top universities to study abroad without IELTS.
  2. The University of Adelaide – You can secure admission to this university without IELTS if your previous degree was taught in English or if you are willing to enroll in an English preparatory course. 
  3. Bond University – This university admits students without IELTS if they produce a relevant PTE certificate or C1 Advanced certificate.
  4. Swinburne University of Technology  You can secure admission to this university without IELTS if your previous degree was taught in English, if you attend an English language course, or if you can provide a PTE or Common European Framework certificate as proof of your English proficiency. 

Going further, some of the top universities in the UK for you to secure admission in universities without IELTS – The University of Warwick, Birmingham City University, The University of Bristol, London Southbank University, Northumbria University,  The University of Bolton, Portsmouth University, Aston University, Swansea University, and The University of Plymouth.

Some of the top universities in Germany without IELTS requirements include the University of Kaiserslautern, University of Siegen, Free University of Berlin, University of Giessen, University of Koblenz and Landau, and the Braunschweig University of Technology (TU Braunschweig)

Shortlist your chosen colleges wisely, not just on the basis of them offering an IELTS waiver but their curriculum, reputation, and the faculty. Also, make sure that the countries you apply to don’t make TOEFL a compulsory requirement for the issuance of student visas. 

We hope you enjoyed this blog on the top universities without IELTS. To know more about related fields, do check out our other blogs.

What Are The Documents Required for i20 Visa?

Introduction |Documents required for i20 Visa

What is an I-20 form? An I-20 form is a part of the student visa process for the USA. It is called the Certificate of Eligibility that is issued by an accredited college or university in the USA for international students studying in the country on either an F-1 student visa or M-1 student visa. In this article, we will take an in-depth look at all the documents required for an i20 visa.

The I-20 visa proves that you are a legitimate international student in the USA and is a crucial component in getting your final student visa. Once you have a student visa, you become eligible for an international driver’s license and to work on or off-campus, depending on its type. 

You receive your I-20 form or visa from your  designated school official (DSO) once you are enrolled into a Student and Exchange Visitor Program (SEVP)-certified US college  university. The DSO is the one with the responsibility to sign and hand over the i20 visa to you, and update any changes to it via the SEVIS (Student and Exchange Visitor Information System). 

Types of i20 Visa and its Features 

The 2 types of i20 forms issued to international students depending on their type of student visa are- 

  • Form I-20, Certificate of Eligibility for Nonimmigrant (F-1) Student Status – For Academic and Language Students
  • Form I-20, Certificate of Eligibility for Nonimmigrant (M-1) Student Status – For Vocational Students

Once you are accepted to a Student and Exchange Visitor Program (SEVP)-certified US college or a university, you will receive an I-20 form from the designated school official (DSO) at the school or university where you plan to enroll. The DSO is responsible for signing and delivering the I-20 form student visa USA to you. If you want to update your information on the I-20 form student visa, the DSO will make the changes through SEVIS (Student and Exchange Visitor Information System). 

There are two types of I-20 forms issued to international students, depending on the type of visa:

  • Form I-20, Certificate of Eligibility for Nonimmigrant (F-1) Student Status – For academic and language students
  • Form I-20, Certificate of Eligibility for Nonimmigrant (M-1) Student Status – For vocational students

If you are an Indian student who needs help with student loans, all you have to do is fill the form in this blog.

The 2 different types of i20 forms contain the same information, including the following-

  • SEVIS ID number
  • Course start and end dates
  • The course opted for
  • Funding resources
  • Cost of attending the college
  • Other personal information

Documents required for i20 Visa

To procure the i20 form, you need to produce your passport copy and i20 financial documents . Here is a comprehensive list of the documents required for i20 Visa

  1. Bank Statement– A documental proof from the bank which holds your student account. It is a crucial part of the i20 financial documents.
  1. Loan Sanction Letters- The official sanction letters of any letters you may have procured from a bank This is one of the important  i20 visa requirements. 
  2. Business sponsors– Official proof that you have a business sponsor backing you financially. 
  3. Proof that you intend to return back to your country- This means presenting proof that after the completion of your program, you will return to your home country. This proof can consist of land papers, jewellery, etc.  This is one of the main i20 financial requirements.
  4. Original Evidence of financial resources- You need to produce solid proof of having enough financial resources and sponsors to fund your academic program. This is one of the crucial i20 visa requirements
  5. Proof of one’s relationship to the sponsor- You will also need to present proof of what relationship you share with your financial sponsor if you have one.  It is one of the important documents required for i20.
  6. Copy of your international passport– It is one of the important documents required for i20

In section 7 of your i20 form, you will need to present proof of the immediate financial resources you have to fund your first year at college.

Make sure that your financial documents required for i20 visa follow a majority of the following guidelines for i20 financial requirements

  1. You must opt to show liquid assets that are easily convertible to cash as proof 
  2. The date of issuance must be less than 6 months old
  3. The document must either be in English or be officially translated.
  4. It must state the currency of the funds. 

The i20 form is valid throughout your stay in the USA, but in case it expires early apply for the renewal before the mentioned expiration date. After receiving the form you will be eligible to apply for an F1 or M1 student visa appointment. For this you will need to apply 120 days before the date mentioned on the I-20 form. 

We hope you enjoyed this blog on the documents required for an i20 visa. To know more about related fields, do check out our other blogs. 

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The Best LOR Samples For A College Application

A Letter of Recommendation (LOR) is often a crucial part of the application process in college, whether you are applying for a master’s degree or an undergraduate degree. Having good letters of recommendation can turn the admission decision in your favour as it greatly enhances your academic profile. In many universities, submitting a LOR is a necessary prerequisite to complete the application process. A good LOR can help you secure admission to your dream college which in turn helps you to gain your dream job or career prospects. Schools rely on more than just test scores and resumes to determine the quality of your application, a full-backing of your talents and qualities by a professional goes a long way into making your application better. This is because it helps them determine what your past professors and employers think of your talents and credibilities. Hence, it is crucial to secure a good LOR before submitting your application form. So, in this article, we will look at some of the best LOR samples for a college application. 

Note that often, top universities ask candidates to send in at least 2-3 letters of recommendation along with their application forms. This varies from course to course, so research thoroughly about the best LOR samples for masters and best LOR samples for MS and UG.

Who Writes A Recommendation Letter? |Best LOR Samples

A recommendation letter you submit along with your application form should be from someone with genuine authority and goodwill whose word will be considered neutral and trustworthy. It is recommended to not get such letters written by a family member as it may reek of bias and not be taken seriously by the application perusers. You can refer to the following criteria to determine who is the ideal person to get an LOR from :- 

  1. A person who knows you well 
  2. Someone with good academic credentials and achievements.
  3. Someone who is a senior professor in your current course
  4. Someone who already has the degree you are applying for. 
  5. Someone who has pursued advanced higher education and been your boss or supervisor in a job or internship. 
  6. A person who has evaluated your academics in an exam. 

Following these guidelines will help you select the best LOR samples for masters to refer to for your final letter. 

LOR Samples

Whether you are writing a LOR or getting it written by a professor or supervisor, it is important to keep a few specific formats and samples in mind to know what to write in the letter or what to get written. Given below are a few samples for an ideal LOR from the point of view of someone who is writing it. If you are getting it written from someone, you can ask them to refer to them as well. 

Best LOR samples- 

Source- TemplateLab.Com

If you are an Indian student who needs help with student loans, all you have to do is fill the form in this blog.

These are the best LOR samples for MS, PG and UG to refer to. 

LOR Format 

It is important to keep in mind the basic format of an LOR and its must-have elements, after which you can take a few liberties with the rest of the letter. Do refer to the following format and follow the best LOR samples tips

  1. Writing the name of the student or employer with the recommender’s name at the end.
  2. The first paragraph must describe the position and personality of the student. 
  3. The main body should contain the positive qualities, achievements and the recommender’s thoughts on the applicant. 
  4. The letter should also mention the relationship the recommender has with the applicant. 

Tips For Writing LOR | Best LOR Samples

Here are a few best LOR samples tips that can help you to write a good LOR-

  • Follow the LOR guidelines of the university 
  • The information in a LOR should verify all the claims in your Statement of Purpose. 
  • If you need more than 1 LOR, try to get the letters from people associated with different spheres of your academic and professional life. 
  • All your skills and qualities listed in the LOR should be backed by real-life examples for eg. a job role or project you handled well. 
  • Choose your recommender carefully according to the application needs. 

We hope you enjoyed this blog on the best LOR samples. To know more about related fields, do check out our other blogs. 

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Which Are The Top Schools Offering An SAT Waiver?

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The SAT or  Scholastic Assessment Test is a test used to determine the mathematical, written, and verbal aptitudes of students aspiring to take up UG courses in the US or Canada. Earlier it was necessary to include your SAT score in your application forms for admission to US or Canadian universities. However, due to the onset of the Covid 19-pandemic, the educational scenario has completely changed in the whole world. Classes have shifted online and tests have been cancelled, postponed or made available online. The SATs too were hit by the pandemic last year and had to be postponed or cancelled, which is why many additional top schools offering an SAT waiver emerged apart from the ones who were already doing so.

Such universities either went ‘test blind’ or temporarily waived the requirement to take an SAT exam. In this article, we have compiled a list of the top schools offering an SAT waiver for your perusal.

 List of colleges that have waived SAT score requirement:-

California State University |Top Schools Offering An SAT Waiver|

The California State University was founded in the year 1960 and since then has gone on to become a leading institution for education in the US. The university offers 43 undergraduate courses in many fields and 16 post-graduate degree programs in various departments. It has a diverse student base which it is committed to serving. The CSU- Stanislaus has waived off the requirement to take an SAT for its 2021 and 2022 admission cycles. It is one of the best schools offering an SAT waiver.

Hampshire College – Massachusetts

The Hampshire College is located in Massachusetts USA and has a good reputation for being a top academic university.  Its USP is that its students are put in touch with expert academic advisors. The college also has a green campus.  Students applying to the college are required to create their application in a portfolio style that contains writing samples, recommendations and project examples.

The college is test blind which means that it does not consider any standardized test score for the admission of students thus offering an SAT waiver to them. This is one of the best schools offering an SAT waiver.

Loyola University – New Orleans  |Top Schools Offering An SAT Waiver|

The Loyola University in New Orleans, Louisiana USA is a top university that is highly reputed that offers 110 undergraduate courses in different fields and 36 special graduate programs. The university is also test blind which means that it does not consider an SAT score even if submitted.  The university takes into consideration academic talent, student participation and the statement of purpose for admissions. It is one of the top schools offering an SAT waiver in the US.

Suggested Read- Useful Tips For International Students In The USA

James Madison University – Harrisburg, Virginia

James Madison University located in Virginia USA is a public research university that has an aesthetic campus and a top academic program. It is a university that provides affordable and quality education. James Madison is also an affordable university that provides quality education. The university offers the option of an SAT waiver for all students. It is one of the top schools offering an SAT waiver in the USA.

If you’re an Indian student in search of student loans, all you have to do is fill the form in this blog.

Wake Forest University- North Carolina  |Top Schools Offering An SAT Waiver

Wake Forest University is a highly rated university in Northern Carolina that has a selective intake of students. It is a competitive university with a 29% acceptance rate. The kinesiology, communications, and finance programs offered by the university are top-notch and highly regarded. The Wake Forest University gives students the option of an SAT waiver which leads to less than 45 percent of students submitting their SAT scores for consideration annually. It is one of the top schools offering an SAT waiver.

New York University

The New York University is an esteemed university that provides students with a thorough and well rounded academic program.  It has more than 50,000 enrolled students and is a private university that offers majors in various subjects. These subjects include performing arts, social sciences, business, management, and marketing among others. Although the NYU asks students for their SAT scores, these can be substituted for AP test scores, IB test scores and the IB Diploma thus offering an option for an SAT waiver. It is among the best schools offering an SAT waiver.

Additional list of colleges that have waived SAT score requirement:- 

Amherst CollegeAnderson UniversityBethel University
Boston UniversityButler UniversityCalifornia Institute of Technology (Caltech)
Case Western Reserve UniversityCentre CollegeColgate University
College of St. Benedict and St. John’s UniversityCollege of WoosterCooper Union
Columbia UniversityCornell UniversityDartmouth College
Davidson CollegeDrury UniversityElon University
Fordham UniversityHarvard CollegeHaverford College
Haverdson CollegeIndiana University – BloomingtonIndiana University – South Bend
Loyola UniversityMacalester CollegeMiddlebury College
Northeastern UniversityOakland UniversityOberlin University
Oregon State UniversityPomona CollegeRhodes College
Rochester Institute of TechnologySanta Clara University Scripps College
Scripps CollegeSwarthmore CollegeTexas Christian University
Trinity UniversityTufts UniversityTulane University
University of ChicagoUniversity of ConnecticutUniversity of Oregon
University of San DiegoUniversity of ToledoUniversity of Washington
Vassar CollegeWilliams College

Source- https://www.jamboreeindia.com/

What Led To This Waiver?

So what led to so many colleges offering an SAT waiver?  Well, it so happened that the SAT exam had to be cancelled from March to May last year when the pandemic first started and the grievances started to escalate more when according to the College Board more than 40% of the aspirants could not appear even for the October examination. The December exams were also cancelled in many test centres around the world, which is why a number of colleges in the US decided to waive off their SAT requirements. 

We hope you enjoyed this article on Top Schools Offering An SAT Waiver. To know more about related fields, do check out our other blogs. 

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How to Find An Accredited College Online – All You Need To Know

Why is Accreditation Important for Online Colleges?

A wide variety of college education programs are on offer today, one of which includes the increasingly popular online degree courses. If you are looking to get a remote degree, you should make sure to opt for one which has authentic accreditation as it will make your degree more valid and valuable in the eyes of employers. Many traditional colleges also offer full-time or part-time online courses. A few of them may turn out to be fraudulent, which is why you need to be wary and careful before selecting your online course. Accreditation is one of the key indicators of the legitimacy of the degree on offer.  In this article, we will tell you all you need to know about how to find an accredited college online with a handy guide to accredited colleges and universities

You might be wondering how do accreditations work? How can I find out if an online college is accredited? How to check if an online program is accredited? Accreditations make sure that an online course meets predetermined standards of quality and they also validate the program for other universities and employers. Most of the time it might be safe to assume that an online course from a reputed institution is safe and accredited, but it never hurts to double-check and make sure that you are not being scammed and your time, money, and efforts are not being wasted. This becomes more important if you opt to study for a degree from lesser-known online schools

How to Find an Accredited College Online?

How to find an accredited college online? You can follow the following guide to accredited colleges and universities to ensure that your online college degree is valid and accredited. 

Recommended Read- How To Sell Used Books Online?

These instructions will provide you with enough information to answer all your doubts and queries, including How can I find out if an online college is accredited? how to check if an online program is accredited? 

Tips:-

  1. Try to make sure that you opt for an online program from a well reputed and established school which has previously recognized accreditations, as this lessens your chances of being scammed. Example- Opting for online degrees from universities such as the University of Florida, Edinburgh, NYU, Oxford, etc.    

If you are an Indian student who needs help with student loans, all you have to do is fill the form in this blog.

  1. If you are searching for how to find an accredited college online, you can start by looking at the college’s website which will usually list all its accreditations for all to see. This can typically be found in the college’s “About” section. If this is not the case, then you may have a valid reason to be suspicious.    
  1. Accreditations are usually of two levels or types- institutional, which apply to the entire college, and specialized, which apply to specific or distinguished courses and schools.  If you cannot find the details of the college’s accreditation on its official website, you can check for it on the official websites of the central or local accreditation bodies and agencies. Examples of such bodies- UGC in India, the Department of Education or the Council for Higher Education Accreditation in the USA, etc. authorize various  online accredited colleges.
  1. Check, if necessary, whether the accreditation is central or local. Keep in mind that there is no such thing as a legitimate international accreditation, so if you see any college making such a claim, it is quite likely that it is a fraud and not a part of accredited online colleges.      
  1. In certain fields, it might be better for you to opt for programmatic i.e specialized accreditation programs as it makes your academic and career profile more attractive. If you are opting for such a degree, make sure that the accreditor is recognized by the official department of accreditation. 
  1. If all these efforts end up yielding no result, you can call the college or university as a last resort and ask for accreditation details. However, it is best to be wary of such a college if you cannot find any details of its legitimacy or accreditation online or through other resources. 

We hope this blog proves to be helpful in guiding you about How to Find an Accredited College Online. If you enjoyed reading this blog and wish to know more about related fields, do check out our other blogs. 

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What Is a Public Service Job? -A Detailed Guide

In a public service job, a person is employed either directly by the government or a non-profit employer. The public sector is highly sought after by job seekers as it offers strong job security, lucrative salary packages, and lots of additional benefits. People who opt for public service jobs often complete their masters in public policy to prepare themselves better for their job roles. A variety of job roles and organizations fall within the category of public services including central, state, and local government bodies, military jobs, public health jobs, law enforcement jobs, education jobs, NGOs, and a lot more. In this article, we will tell you all you need to know about what is a public service job with a public sector jobs guide. 

Benefits | What Is a Public Service Job?

What Is a Public Service Job? What are the benefits of public service? If you work in public service, you will be privy to a lot of benefits. These include access to free education, valuable experiences, a sense of purpose and job satisfaction and security, opportunities for networking and building profitable professional connections, and doing impactful work. It can also lead to student loan forgiveness. Yes, you read that right. Many times a significant amount of student loan money is forgiven if you are working in public service, especially if you have opted for an Income-Driven Repayment plan under which you can appeal for a reduction of the student loan amount on the basis of your service. This is possible by applying for the Public Service Loan Forgiveness Program if you are in a public service job in the US. This feature is also available in a number of other countries, so be sure to research about it in your country if you live outside the USA.  If you are working in a public sector job, you can either opt for a contracted job period of a year or two or even stay in the sector for multiple years. The benefits of public service are thus many, which is why you should definitely explore public service careers.

Suggested Read- Student Loan Lawyer – When Should You Hire One?

Ideal Sectors To Opt For 

If you are confused about what is a public service job and which sector to opt for amid the multiple available options in a public service job, then do take a look at the following list of public service jobs to understand the job roles different sectors offer and decide which role will suit you best:-

If you are an Indian student who needs help with student loans, all you have to do is fill the form in this blog.

Public sector jobs guide:-

Public Safety | What Is a Public Service Job?

The first job on the list of public service jobs is a public safety job. Public safety is a dynamic, engaging field in public service jobs with various job roles like health services, disaster management, firefighting, emergency management, and other roles on offer which come under public safety. It offers great medical benefits, good job satisfaction, and decent salary packages, although it is a demanding field that requires individuals to fare well under pressure. 

Education Jobs

If you take up a teaching job in a public school, it falls under the category of public services. It is a highly rewarding career with several benefits on offer. Mostly, education jobs require you to possess a teaching certification and a master’s degree. They can be undertaken regardless of your UG subject major as schools often seek teachers with varied knowledge and skills. A new teacher’s salary range is quite lucrative and can be increased with experience. 

Government and Diplomacy Jobs | What Is a Public Service Job?

If you opt to work in government or diplomacy jobs, you will have several career options open for you as well as the option to travel and stay abroad with a lot of perks. Foreign service careers include English language education, engineering, foreign diplomacy, medical service, IT department, and more. You can also choose to work under your state government or local government bodies.  

Non-Profit Organization 

If you are keen to make a difference to society with your work via a cause you are passionate about, you can opt to work in NGOs as a public service official. Every NGO needs several skilled workers including managers, marketers, administrators, event planners, designers, etc. You can opt for any such service programs which require your expertise. 

We hope you enjoyed this blog on What Is a Public Service Job and it encouraged you to explore public service careers. To know more about related fields, do check out our other blogs. 

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Switching Student Loan Repayment Plans- Everything You Should Know

You can opt to switch your student loan repayment plans to lessen the burden on your finances. If you have taken a federal student loan, the standard repayment plan is of 10 years but it is possible to apply for an alternate plan with lower monthly repayments- this applies to both federal and private loans. While the repayment switching in federal plans is typically easier, it is possible to switch private repayment plans too. To switch private loan repayment plans you need to contact your loan provider and research the available options for switching repayment plans. Switching to a lower monthly payment plan can help you to avoid the consequences of student loan default, even if it bears the risk of increasing the interest rate or the amount you owe.  Let us take a look at the options available for switching student loan repayment plans and the process to do so in this article. We also hope to answer any doubts you may have like the following- 

How to change your student loan repayment plan?

 Can I switch to a more affordable repayment plan?

Types of Student Loan Repayment Plans |Switching Student Loan Repayment Plans

After graduation, borrowers are placed on the standard repayment plan of 10 years with a fixed monthly repayment amount. However, if you want to change this plan, you can do so anytime. If you decide on switching student loan repayment plans, you can opt for any of the following repayment plans- 

Graduate repayment plan

Under this scheme, the repayments start at a low rate and increase every 2 years. You will be able to pay off the loan within 10 years but will have to pay more in interest. If you have opted for a consolidation loan, you will have up to 30 years for repayment. 

If you are an Indian student who needs help with student loans, all you have to do is fill the form in this blog.

Extended repayment plan

Under this scheme, the student loan repayment plan is extended for up to 25 years, meaning much lower monthly repayments but paying a higher amount than the originally intended over the course of time. 

Suggested Read- Things To Know About The Student Loan Repayment For The UK

Income-driven repayment plan (IDR)

Under this scheme, the federal loan repayment term is extended for up to 25 years by the government, and the payments are capped at certain income percentages, meaning that if your income increases, so will your monthly payments. This plan is divided into 4 types-  Pay As You Earn (PAYE), Revised Pay As You Earn (REPAYE), Income-Contingent Repayment (ICR), and Income-Based Repayment (IBR).

Process of Choosing a Repayment Plan |Switching Student Loan Repayment Plans

What is the process to follow while switching student loan repayment plans? Read on to know-

  1. Choose the plan which is best for you, considering your economic situation.
  2. Contact your student loan servicer or provider and ask for guidance and expert help. This process is easy and free- it requires no third-party charges or payments.
  3. Complete all the necessary paperwork beforehand, including filling and completing the necessary application forms to switch your repayment plans.
  4. Sometimes the process of switching plans may take up time, make sure you don’t fall behind in your payments or default on your student loan in the meanwhile.

Wondering how the student loan repayment plans will reduce your expenses and lower the number of monthly payments you make? Read the following pointers to gain more clarity over which student loan repayment will be ideal for your economic situation-

  1. Pay on the basis of your income- Use the IDR repayment plan to pay off your student loans based on your income and reduce the monthly payment amounts significantly. Note that this option is usually only available for federal student loans. 
  2. Lower payments temporarily- As previously mentioned, the Graduate Loan repayment program helps you pay a lower amount every month for the initial years, increasing it every 2 years. This can provide a good temporary economic relief. 
  3. By opting for extended repayment plans, you can reduce your payments for a longer period of time. But note that this type of plan is only available to those who have taken more than $30,000 in outstanding Direct Loans. 

We hope all your doubts like How to change your student loan repayment plan? and Can I switch to a more affordable repayment plan? have been answered in this blog. If you are an Indian student looking for loans, do check out the variety of loans UniCreds offers to Indian students opting for study abroad programs.

We hope you enjoyed this article on Switching Student Loan Repayment Plans. To know more about related fields, do check out our other blogs.

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