Top 6 Advantages Of Student Loans

Student loan has become a ‘necessary evil’ for most of the students, which help them to complete their education. In the present social and economic scenario, the education is a costly affair, of which financial expenses cannot be managed without a financial aid in the form of a scholarship or educational loan. Scholarship is reserved for exceptional students and educational loans will be the only resort for an average student to pursue his student loan. The student loan has the advantage of several relaxations in the terms and conditions than a standard loan. However it is essential that the student loan amount including the prescribed interest have to be repaid. The top 5 ways to help the repayment of the student loans are comprehended from the testimonials of the students, who are successful in student loan repayment.

It is a fact the student loan repayment will not be practically easy in the beginning years of ‘struggle of existence’. The student will get a grace period of 6 months to 9 months for the start of the loan repayment after the course completion, which varies according to the nature of the loan. But in the entry level jobs, it will be pretty hard to find the amount for the loan repayment. Proper financial management is the only possible solution to handle the crisis successfully. But it may not be easy to restrict the expenses in the early days, even though you are aware about the student loan and other liabilities. A budgeting will certainly help you to plan the situation well and it can be a winning strategy, if you have the necessary will power to act accordingly.

The negotiation with your debtors can be the next step. You can contact them directly to avail any adjustments in the repayment schedule or can switch on to a more convenient repayment plan. The repayment period has to be selected according to your capability to spare for the monthly installments. The lenders benefits and offers can be another helping hand to pay off the student loans. Now most of the lenders have put forwarded certain benefits and incentives for the loan repayments. The utilization of the relaxations in the interest rates and total debt is certainly advantageous to pay off the student debts.

If you have multiple debts, the best strategy is to consolidate the different loans to a single consolidation loan. Now, Federal consolidation loan is available, which will help to consolidate all federal loans, with certain pronounced advantages in the rates and terms of the loans. However, it will not consolidate the private loans. You have to seek any of the private consolidation loans to mange the private loans. If the multiple debts cannot be consolidated, then you have to pay off the loan with the higher interest rate. The regular follow up of such a strategy will certainly help to pay off the student loan easily.

In case of defaults in the repayment of the student loan, the rehabilitation programs of the lenders can be utilized as the way, which help to pay the student loan. In brief student loans can be compared to the common saying “slow and steady wins the race”. If you are able to start the repayment during the study using money from the vacation jobs or part time jobs, it will certainly help to pay the student loan early. Also, keep in mind that the extended repayment schedule is not advised in all cases as it will levy more money as interest. Hence a planned and intelligent strategy will be the best way to pay the student loan easily.

The Latest Trend In Doorstep Loans

A business services franchise is a good option for many who are willing to serve the corporate world. A business franchisee needs an investment in terms of fees, real estate, marketing, merchandise etc. there are both small business services as well as high cost businesses in the category. Here we discuss some prominent business services franchises.

Financial services: The financial services space is rapidly growing in India. It is one of the most significant business services in India. According to the latest Central Statistical Organisation (CSO) data, financial services, banking, insurance and real estate sectors have risen by 7.8 per cent in the third quarter of 2009-10. This displays the success of the financial service industry. With the over-all increase in the finance services seekers, finance service providers took to franchise route, thus creating a great scope for franchise opportunity.

Till a few years back, the franchising which was an unknown concept in this field has gained lot of momentum in the present times. Before discussing the factors responsible for this development, let us first get familiar with the term ‘Financial services franchisors’.

Financial services refer to services provided by the financial service companies. The finance service companies encompass a broad range of organisations that deal with money management. A few of these organisations include banks, insurance companies, consumer finance companies, stock brokerages, investment funds etc. These companies offer various services such as asset protection, investment and savings, retirement plans, customer-orientated service, besides offering personal loans, commercial loans, mortgage loans, and education loans for the aspiring students. Financial service providers are on the rise as franchising as a mode of expansion is being opted by this industry. Manish Shah, Associate Director- Business Strategy, Equity & Product Development, Motilal Oswal Securities Ltd shared, “The belief in entrepreneurship and the drive it brings to the business, made Motilal Oswal take the franchise route. Franchising brings more scalability to the business and the business becomes entrepreneur driven.”

Courier Services: Another category of business services is courier service. The companies basically work around transportation of goods from one place to another, delivery of documents, packages, and larger shipments of products. These provide services to companies and individuals who need rapid service, accountability, and tracking that regular mail does not accommodate. Courier services are more reliable and dependable as compared to ordinary postal services due to less time consumed and delivery guarantee. However, with the introduction of modern gadgets and faster modes of transportation this system has also progressed a lot. Moreover, franchising is also one of the main stimulants of its popularity and profitability.

Franchising in this sector has grown with more and more players taking the franchise model for reaching out to far flung areas in the vast nation. Courier service companies are required to deliever important mails and parcels to any part, whether city, town or village in the country. Therefore, franchising can be the best mode for guaranteed delivery of the items. According to DS Patel, Channel Head, DTDC, “Franchising is an essential and most effective way of expanding the network. Opening our own company owned courier offices is very expensive and time consuming. However a franchise outlet is economically beneficial to the company.” As informed by Praveen Govindraj, Assistant General Manager, First Flight Courier, “Franchising definitely helps in directly reaching to far-fling areas for delivering items due to our local partners in those areas.” He further added, “Franchising can be a win-win situation for both the franchisor and franchisees as both benefit from it. The local partner (franchisee) has a much better idea of a particular locality than the main company which is based out of Delhi or Mumbai. Delivering parcels to small towns and cities becomes difficult and also take a lot of time if it is done by the company in metropolitan areas. At such times the local franchisee can be of great help.” This can be the major reason for courier companies to opt for the franchise route. Moreover, having local partners all over the nation, who deliver all items on time, also increases the credibility and profit making of the parent company.

The typical feature of the courier service franchise includes doorstep booking, customer convenience and security of each and every consignment that has been entrusted to it. Jaguar Couriers Franchise, Blazeflash Couriers, etc are some of the franchising companies under this category.

Cartridge refilling: Cartridge refilling forms another business service category. In the modern age of I.T, there is a constantly growing need of cartridgere-fills. Foraying in the cartridge refill industry through franchise route is a promising venture. A cartridge refill franchise offers to its user’s quality refills at a fractional cost. Current industry trends and future projections suggest that printer cartridges demand will continue to multiply at a very fast pace as computers and low cost printers swamp the market. Cartridge World, Cartridge Café, Cartridge Xpress are some of the good low-cost franchise options.

Challenges

Every business has attached to it certain set of challenges. Though the basic challenges remain the same across the board for all business service franchises, their relevance with each sector differs.
Before opting for any of the above options, clear all your doubts. Apart from your initial investment, take into account the ongoing costs that must be paid to your franchisor, including franchise royalties, marketing fees and other required purchases. After you are convinced go ahead and make your mark in the franchising world!

Judge Some Facts Before Exchanging The Money

I was always baffled by this question, even in law school and while working with a big time criminal defense lawyer. One thing I did know: if a person gets prosecuted by the federal government, then he or she is caught on a small watercraft on Lake Erie when a storm suddenly hits. (Lake Erie is quite shallow, and churns up dangerously, with rip-tides and all). I’m not sure if the severity of a federal indictment comes from the prestige of the court, the lifetime appointment of judges, or the sentencing guidelines. A federal courthouse, in my opinion, should be visited by every citizen – not only is the building incredibly aesthetically pleasing, but it has a certain grandeur about it that truly cannot be described.

When I attended a seminar on the federal courts (a lawyer has to do various additional tasks to practice in front of each federal court), an assistant U.S attorney from the Northern District of Ohio spoke. He said the first reason, obviously, that some crimes are prosecuted by the federal government is because they are contrary to federal law. The federal government enforces myriad laws, especially ones relating to mail fraud, firearms, taxes and drugs that cross interstate lines. Rarely, however, does a crime fall exclusively within federal jurisdiction (say, mail fraud or filing false federal income tax). More often than not, a crime is both a violation of federal and state law.

For example: a company targeted poor people, often the elderly and Amish, into becoming members of a discount club for $2000. In exchange for the fee, members were promised access to manufacturers directly. The middleman would supposedly be bypassed. As you can imagine, none of the “contacts” to the manufacturers actually existed. Members saved no money, yet could never obtain a refund. After countless complaints to the Better Business Bureau, the matter was brought to the attention of the FBI (they investigate crime generally), who started investigating the company. The OIG (Office of Inspector General) became involved too. The OIG investigates crimes related to mail. Anyway, the salesmen were indicted by the federal government for mail fraud – because they sent false information to consumers that induced them to act.

The fact is, however, that the crime could easily have been prosecuted in state court on a pure fraud theory. After all, the scam took place in Ohio; the consumers were Ohioians. Yet, the defendants were charged federally. Much of this stems from the extreme nature of the crime and that it caused a lot of financial hardship. Additionally, the investigation was complex and more suited to the federal government. Typically, a federal investigation starts on the desk of a federal agent. He or she must establish certain criteria before the case is brought to an assistant US attorney, who then looks at the facts, the law, resources, the nature of the offense and his professional experience in deciding whether the case should go ahead. So, in sum, most cases depend on: federal law (and if the case has facts that can support a federal charge, even tenuously), who investigates it (was it local police, or did the feds get involved?), and factors analyzed by the US Attorneys Office.

Like I mentioned earlier, the federal government doesn’t mess around when it opts to proceed with charges. Some of the very brightest and most talented people work in the US Attorney’s Office. FBI agents and other agents with investigatory duties are highly trained and screened. (Most state detectives have 600 hours in the police academy.) Federal judges possess c.v’s that young lawyers could only dream of. Federal courts have the very best technology. Federal dockets carry far fewer cases than state courts; thus, each case is closely followed. Federal sentencing guidelines have a presumption of incarceration.

Finally, Double Jeopardy is NOT violated when a defendant is prosecuted in federal court and state court. For example: a defendant commits an armed robbery involving interstate commerce. (The federal government can legislate under the Dormant Commerce Clause for crimes that are at first blush within the states’ powers if the activity affects interstate commerce. Well, just about every robbery of a business involves interstate commerce (goods travel across state lines.)) The defendant is convicted and sentenced per the Sentencing Guidelines. After his sentence is served, he is transported to state custody to face state armed robbery charges. This is perfectly constitutional.