We have looked at the website below to calculate how much money we need to save each month for college.
http://www.timevalue.com/calculators/college-savings-calculator.aspx
We are going to recreate the same results by programming in EXCEL:
Click HERE for the Excel Spreadsheet that will compute how much you need to save every month to save for college.
Tuesday, May 11, 2010
Paying for College
Click HERE for the sample Award Package by Year.
Direct PLUS Loan
http://www.parentplusloan.com/
http://www.parentplusloan.com/plus-loans/
The Federal PLUS Loan is a loan borrowed by a parent on behalf of a child to help pay for tuition and school related expenses at an eligible college or university, or by a graduate student for graduate school. The student must be enrolled at least half time, and the parent or graduate student must pass a credit check in order to receive this loan.
Federal Unsubsidized Stafford Loans
http://www.staffordloan.com/stafford-loan-info/unsubsidized-student-loan.php
An Unsubsidized Stafford Loan is a federally guaranteed loan that is not based on financial need. Interest will accrue from the time the loan is disbursed to the school. You do not have to make interest or principal payments until six months after graduation, or six months after you drop below a half time status.
Unsubsidized Stafford Loan Benefits
Increased limits - borrow up to $2,000 more
Fixed interest rate - 6.8%
No payments required while enrolled in school
Click Here to Start Your Stafford Loan Application
Unsubsidized Stafford Loan Interest Rate information
The current interest rate on an Unsubsidized Stafford loan is 6.8% fixed. Interest begins accruing after the loan is disbursed to the school. You are not required to pay the interest while you are in school, but doing so can save you money. If you choose not to pay the interest while in school then the interest is capitalized when the loan enters repayment after being in school, in your grace period, or after deferment.
Federal Stafford Loan (Subsidized)
http://www.staffordloan.com/stafford-loan-info/
Stafford Loan Information
Stafford Loan Benefits:
Fixed interest rate - as low as 5.6%
No payments while in school at least half-time
This page will provide you with general Stafford Loan Information, and educate you about the Federal Stafford Loan Program.
Stafford Loans are federal student loans made available to college and university students to supplement personal and family resources, scholarships, grants, and work-study. Nearly all students are eligible to receive Stafford loans regardless of credit. Stafford loans may be subsidized by the U.S. Government or unsubsidized depending on the student's need.
Stafford Loan Information: Benefits
Low fixed interest rate, as low as 5.60%
Increased borrowing limits - borrow $2,000 more
No payments while enrolled in school
Acceptance not based on credit
Stafford Loan Information: Eligibility
You must be a U.S. citizen or national, a U.S. permanent resident, or eligible non-citizen accepted for enrollment or attending a school that participates in the Federal Family Education Loan Program. Additionally:
You must have submitted a FAFSA to be eligible for a Stafford loan
For subsidized Stafford, you must have financial need as determined by your school
You must be enrolled or plan to enroll at least half time
Stafford Loan Information: Fees
Stafford loans that have been disbursed between 7/1/2009 and 6/30/2010 will have up to a 1.5% fee. This is made up of a 0.5% federal origination fee and a 1% federal default fee.
Stafford Loan Interest Rates
Note: Graduate Stafford Loans (both subsidized and unsubsidized) have a fixed interest rate of 6.8% through 2013.
Academic Year Subsidized Rates Unsubsidized/Graduate Rates
2009-10 5.60% 6.80%
2010-11 4.50% 6.80%
2011-12 3.40% 6.80%
2012-13 6.80% 6.80%
Current Stafford Loan interest rates in effect from 07/01/2010 to 06/30/2011
Click Here to Start Your Stafford Loan Application
Stafford Loan Limits
Dependent Students Annual Loan Limits
First Year $5,500 ($3,500 subsidized/$2,000 unsubsidized)
Second Year $6,500 ($4,500 subsidized/$2,000 unsubsidized)
Third Year and Beyond $7,500 ($5,500 subsidized/$2,000 unsubsidized)
Independent Students Annual Loan Limits
First Year $9,500 ($3,500 subsidized/$6,000 unsubsidized)
Second Year $10,500 ($4,500 subsidized/$6,000 unsubsidized)
Third Year and Beyond $12,500 ($5,500 subsidized/$7,000 unsubsidized)
Graduate or Professional $20,500 ($8,500 subsidized/$12,000 unsubsidized)
Lifetime Limits
Undergraduate Dependent $31,000 (Up to $23,000 may be subsidized)
Undergraduate Independent $57,500
Graduate or Professional $138,500 (Up to $65,000 may be subsidized)
or $224,000 (for Health Professionals)
For loans first disbursed on or after July 1, 2008.
The Federal Perkins Loan Program provides low-interest loans to help needy students finance the costs of postsecondary education. Students can receive Perkins loans at any one of approximately 1,800 participating postsecondary institutions. Institutional financial aid administrators at participating institutions have substantial flexibility in determining the amount of Perkins loans to award to students who are enrolled or accepted for enrollment. Borrowers who undertake certain public, military, or teaching service employment are eligible to have all or part of their loans canceled. In general, schools are reimbursed for 100 percent of the principal amount of the loan canceled, and the reimbursement must be reinvested in the school's revolving loan fund. These institutional reimbursements for loan cancellations are an entitlement.
Federal Pell Grant
http://www2.ed.gov/programs/fpg/index.html
The Federal Pell Grant Program provides need-based grants to low-income undergraduate and certain postbaccalaureate students to promote access to postsecondary education. Students may use their grants at any one of approximately 5,400 participating postsecondary institutions. Grant amounts are dependent on: the student's expected family contribution (EFC) (see below); the cost of attendance (as determined by the institution); the student's enrollment status (full-time or part-time); and whether the student attends for a full academic year or less.
Students may not receive Federal Pell Grant funds from more than one school at a time.
College Savings Calculator
http://www.timevalue.com/calculators/college-savings-calculator.aspx
Direct PLUS Loan
http://www.parentplusloan.com/
http://www.parentplusloan.com/plus-loans/
The Federal PLUS Loan is a loan borrowed by a parent on behalf of a child to help pay for tuition and school related expenses at an eligible college or university, or by a graduate student for graduate school. The student must be enrolled at least half time, and the parent or graduate student must pass a credit check in order to receive this loan.
Federal Unsubsidized Stafford Loans
http://www.staffordloan.com/stafford-loan-info/unsubsidized-student-loan.php
An Unsubsidized Stafford Loan is a federally guaranteed loan that is not based on financial need. Interest will accrue from the time the loan is disbursed to the school. You do not have to make interest or principal payments until six months after graduation, or six months after you drop below a half time status.
Unsubsidized Stafford Loan Benefits
Increased limits - borrow up to $2,000 more
Fixed interest rate - 6.8%
No payments required while enrolled in school
Click Here to Start Your Stafford Loan Application
Unsubsidized Stafford Loan Interest Rate information
The current interest rate on an Unsubsidized Stafford loan is 6.8% fixed. Interest begins accruing after the loan is disbursed to the school. You are not required to pay the interest while you are in school, but doing so can save you money. If you choose not to pay the interest while in school then the interest is capitalized when the loan enters repayment after being in school, in your grace period, or after deferment.
Federal Stafford Loan (Subsidized)
http://www.staffordloan.com/stafford-loan-info/
Stafford Loan Information
Stafford Loan Benefits:
Fixed interest rate - as low as 5.6%
No payments while in school at least half-time
This page will provide you with general Stafford Loan Information, and educate you about the Federal Stafford Loan Program.
Stafford Loans are federal student loans made available to college and university students to supplement personal and family resources, scholarships, grants, and work-study. Nearly all students are eligible to receive Stafford loans regardless of credit. Stafford loans may be subsidized by the U.S. Government or unsubsidized depending on the student's need.
Stafford Loan Information: Benefits
Low fixed interest rate, as low as 5.60%
Increased borrowing limits - borrow $2,000 more
No payments while enrolled in school
Acceptance not based on credit
Stafford Loan Information: Eligibility
You must be a U.S. citizen or national, a U.S. permanent resident, or eligible non-citizen accepted for enrollment or attending a school that participates in the Federal Family Education Loan Program. Additionally:
You must have submitted a FAFSA to be eligible for a Stafford loan
For subsidized Stafford, you must have financial need as determined by your school
You must be enrolled or plan to enroll at least half time
Stafford Loan Information: Fees
Stafford loans that have been disbursed between 7/1/2009 and 6/30/2010 will have up to a 1.5% fee. This is made up of a 0.5% federal origination fee and a 1% federal default fee.
Stafford Loan Interest Rates
Note: Graduate Stafford Loans (both subsidized and unsubsidized) have a fixed interest rate of 6.8% through 2013.
Academic Year Subsidized Rates Unsubsidized/Graduate Rates
2009-10 5.60% 6.80%
2010-11 4.50% 6.80%
2011-12 3.40% 6.80%
2012-13 6.80% 6.80%
Current Stafford Loan interest rates in effect from 07/01/2010 to 06/30/2011
Click Here to Start Your Stafford Loan Application
Stafford Loan Limits
Dependent Students Annual Loan Limits
First Year $5,500 ($3,500 subsidized/$2,000 unsubsidized)
Second Year $6,500 ($4,500 subsidized/$2,000 unsubsidized)
Third Year and Beyond $7,500 ($5,500 subsidized/$2,000 unsubsidized)
Independent Students Annual Loan Limits
First Year $9,500 ($3,500 subsidized/$6,000 unsubsidized)
Second Year $10,500 ($4,500 subsidized/$6,000 unsubsidized)
Third Year and Beyond $12,500 ($5,500 subsidized/$7,000 unsubsidized)
Graduate or Professional $20,500 ($8,500 subsidized/$12,000 unsubsidized)
Lifetime Limits
Undergraduate Dependent $31,000 (Up to $23,000 may be subsidized)
Undergraduate Independent $57,500
Graduate or Professional $138,500 (Up to $65,000 may be subsidized)
or $224,000 (for Health Professionals)
For loans first disbursed on or after July 1, 2008.
Federal Perkins Loan
The Federal Perkins Loan Program provides low-interest loans to help needy students finance the costs of postsecondary education. Students can receive Perkins loans at any one of approximately 1,800 participating postsecondary institutions. Institutional financial aid administrators at participating institutions have substantial flexibility in determining the amount of Perkins loans to award to students who are enrolled or accepted for enrollment. Borrowers who undertake certain public, military, or teaching service employment are eligible to have all or part of their loans canceled. In general, schools are reimbursed for 100 percent of the principal amount of the loan canceled, and the reimbursement must be reinvested in the school's revolving loan fund. These institutional reimbursements for loan cancellations are an entitlement.
Federal Pell Grant
http://www2.ed.gov/programs/fpg/index.html
The Federal Pell Grant Program provides need-based grants to low-income undergraduate and certain postbaccalaureate students to promote access to postsecondary education. Students may use their grants at any one of approximately 5,400 participating postsecondary institutions. Grant amounts are dependent on: the student's expected family contribution (EFC) (see below); the cost of attendance (as determined by the institution); the student's enrollment status (full-time or part-time); and whether the student attends for a full academic year or less.
Students may not receive Federal Pell Grant funds from more than one school at a time.
College Savings Calculator
http://www.timevalue.com/calculators/college-savings-calculator.aspx
Thursday, May 6, 2010
Check this Out!! Dow Roller Coaster 5/6/10
Visit msnbc.com for breaking news, world news, and news about the economy
http://www.msnbc.msn.com/id/21134540/vp/37000228#36999350
Remember how you were watching the NOVA: MIND OVER MONEY yesterday, and how people's economic decisions are manipulated by their emotions, mainly GREED and FEAR?
Yesterday was the perfect example of that occurring:
http://money.cnn.com/2010/05/06/markets/markets_newyork/index.htm?hpt=T3
Here is Accenture's chart:
http://bigcharts.marketwatch.com/advchart/frames/main.asp?time=1&freq=6&compidx=aaaaa%3A0&comp=NO_SYMBOL_CHOSEN&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=4&style=320&size=3&sid=0&o_symb=ACN&startdate=&enddate=&show=true&symb=ACN&draw.x=31&draw.y=14
Notice the LOW: 0.01
That's right 1 penny!!
This is the reason why:
Visit msnbc.com for breaking news, world news, and news about the economy
http://www.msnbc.msn.com/id/21134540/vp/37000228#37000125
Wednesday, May 5, 2010
VE LAPTOP ASSIGNMENTS
LAPTOP ASSIGNMENTS
UNTIL FURTHER NOTICE: ALL STUDENTS MUST EXCHANGE SCHOOL ID FOR THEIR ASSIGNED LAPTOP
CAFE IMPRESA
BESS, THADDAEUS #3
BROWN, SHANICE #4
CACERES, JAVIER #5
COATES, TAMIKA #6
DAFFEH, FATIMA #9
DIXON, TONY #25
PEREZ, RUTH #10
QUEZADA, LEO #12
REDZIC, ALISA #12
ROJAS, EMILIO #15
SAMNATH, LISA #17
SEWAH, NADIRA #18
TIMAL, GEETA #26
VALENTIN, VINCENT #27
CARPE DIEM ADVERTISING
ADDY, JULIAN #16
BINNIE, SHANI #10
DAUTAJ, AARON #3
ELM, MANDELL #24
FURCAL, AGATHA #17
HAYWOOD, TSIAN #26
HENLEY, KENNETH #27
MOREL, GIGI #4
NIKQI, SARANDA #5
PEREZ, PEDRO #25
RODRIGUEZ, DEVIN #6
RODRIGUEZ, JOHN #14
SANTANA, MELISSA #10
SMALL, CHRIS #16
SYED, TAHWID #9
Mr. Filipinas
- Posted using BlogPress from my iPhone
UNTIL FURTHER NOTICE: ALL STUDENTS MUST EXCHANGE SCHOOL ID FOR THEIR ASSIGNED LAPTOP
CAFE IMPRESA
BESS, THADDAEUS #3
BROWN, SHANICE #4
CACERES, JAVIER #5
COATES, TAMIKA #6
DAFFEH, FATIMA #9
DIXON, TONY #25
PEREZ, RUTH #10
QUEZADA, LEO #12
REDZIC, ALISA #12
ROJAS, EMILIO #15
SAMNATH, LISA #17
SEWAH, NADIRA #18
TIMAL, GEETA #26
VALENTIN, VINCENT #27
CARPE DIEM ADVERTISING
ADDY, JULIAN #16
BINNIE, SHANI #10
DAUTAJ, AARON #3
ELM, MANDELL #24
FURCAL, AGATHA #17
HAYWOOD, TSIAN #26
HENLEY, KENNETH #27
MOREL, GIGI #4
NIKQI, SARANDA #5
PEREZ, PEDRO #25
RODRIGUEZ, DEVIN #6
RODRIGUEZ, JOHN #14
SANTANA, MELISSA #10
SMALL, CHRIS #16
SYED, TAHWID #9
Mr. Filipinas
- Posted using BlogPress from my iPhone
Tuesday, May 4, 2010
Monday, May 3, 2010
CAFE IMPRESA & CARPE DIEM W2 / W3 / 1040 VE
Julian / Melissa, Javier: Click HERE for the 1040 Reporting Form.
Right Click & Save Link as . . . 1040 Reporting Form for CompanyName
Click HERE for VEC Bank account #'s and Names of Employees
Copy and paste your companies Worksheet into the 1040 Reporting Form workbook.
CAFE IMPRESA
Click HERE for the W3 submitted to Virtual Enterprise International
Click HERE for the 1040 reporting form submitted to Virtual Enterprise International
These are the W2's and 1040's that have been submitted for :
(IF THE LINK DOES NOT WORK, I HAVE NOT RECEIVED IT)
Thaddaeus W2 1040VE
Shanice W2 1040VE
Tamika W2 1040VE
Fatima W2 1040VE
Tony W2 1040VE
Ruth W2 1040VE
Leo W2 1040VE
Alisa W2 1040VE
Emilio W2 1040VE
Lisa W2 1040VE
Nadira W2 1040VE
Geeta W2 1040VE
Vincent W2 1040VE
CARPE DIEM ADVERTISING
Click HERE for the W3 submitted to Virtual Enterprise International
Click HERE for the 1040 reporting form submitted to Virtual Enterprise International
These are the W2's and 1040's that have been submitted for :
(IF THE LINK DOES NOT WORK, I HAVE NOT RECEIVED IT)
Shani W2 1040VE
Mandell W2 1040VE
Agatha W2 1040VE
Tsian W2 1040VE
Kenneth W2 1040VE
Saranda W2 1040VE
Pedro W2 1040VE
Chris W2 1040VE
Tawhid W2 1040VE
Julian W2 1040VE
Aaron W2 1040VE
Gigi W2 1040VE
Devin W2 1040VE
John W2 1040VE
CONFIRM TO ATTEND SATURDAY MAY 8 WORKSHOP
This semester there is still space for the May 8th workshop if students attended the April 25th workshop. Students attending both workshops will receive a $75 gift certificate to Amazon. Please have any interested students sign by their names and fax it back to me ASAP. It will still be on a first come first serve basis.
Please advise your students to sign only if they are positive they will go. Fax it back to me ASAP as it is first come first serve. I will let you know by Wednesday, May 5 if they are approved
Furcal Agatha Attended SIGNED
Binnie Shani Attended SIGNED
Henley Kenneth Attended SIGNED
Morel Getangeli Attended SIGNED
Perez Ruth Attended SIGNED
Small Chris Attended SIGNED
Syed Tawhid Attended
Students should be at the workshop between 8:30 and 9. Breakfast will be served! The Agenda is HERE.
Address: Financial Backpack Workshop 2
Science & Business Library
188 Madison Ave & 34th St.
Nearby subway stops and trains are:
B,D,F,N,Q,R,V,W To 34th Street.
6 local TO 33rd Street.
Nadine
Nadine Laguardia
Work-Based Learning & College Liaison
Virtual Enterprises
NYC Department of Education
Martin Luther King, Jr., HS
122 Amsterdam Ave.
New York, NY 10023
Phone # 212 501-1176
Fax # 212 799-7528
nlaguar@schools.nyc.gov
Subscribe to:
Posts (Atom)