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Financing Your Education

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Student Financial Aid

Student Loans

Shifting gears here, I will be going over the cruel and Future-Warren-Buffett-Wealth-Dream-Crusher that is – Student Loans. Digging yourself more and more into debt is not something that people ever want to do. With most college students however, it has to be done. College education is becoming increasingly more and more expensive nowadays. Many families cannot afford the $20,000+ a year tuition that most large universities charge. This is where student loans come into play. First lets layout your options…

Their are two main types of student financial aid loans: Federal and Private. Federal student loans are handed out directly from the government, generally have lower interest rates, and are given to those more “in-need” first. Federal loans come in different categories, as well: Perkins, Direct Subsidized & Unsubsidized, and Direct PLUS.

  1. Perkins Loans carry an interest of 5% and are given to those with HIGH financial need. Those that are able to receive Perkins loan funds can borrow a maximum of $5,500 per undergraduate year of study (4 years = $22,000).
  2. Direct Subsidized and Unsubsidized loans are different in the fact that a student has to demonstrate NEED to receive the subsidized loan, whereas anyone can receive the unsubsidized version of the loan. The other main difference is that subsidized loans DO NOT accrue interest while enrolled at least half-time in school. Unsubsidized loans accrue interest while in school which the borrower can pay off in-school or after graduation. For both of these loans, the university is the deciding factor as to how much money each student receives.
  3. Direct PLUS loans are taken our directly by the parents. Since the parents generally have better credit than the students, more money can be borrowed by utilizing this type of loan. ONLY DEPENDENT students are allowed to receive funds from a Direct PLUS loan.

Private loans on the other hand, carry HIGH interest rates but, more money can be borrowed. Financial need is not a determining factor with private loans however, your cost-of-attendance cannot be exceeded. During my freshman year, I did not know about federal loans and I took out a $20,000 loan with a 20% APR. Now, that may not sound like a lot to many of you however, one year into school, I had already accumulated an additional $1,000 in interest. My take home message about private loans – use them as a final resort.

Cosigning

For many young adults, cosigning is just another term that mom and dad throw around when talking about finances. When college comes around however, students will know hassle of for cosigning on a loan. Let me start of by saying, federal loans DO NOT require a cosigner. Private loans on the other hand, do require a cosigner. For example, no-credit Timmy goes off to college, takes out a $20,000 loan from a private lender, and needs a cosigner. Well, when mom or dad signs onto that loan, it sticks with their credit report until that loan is paid off. With a $20,000 debt on their credit, this could limit their ability to take out future loans for themselves. Student loans are not generally paid off until years and years AFTER graduation therefore, this loan could stick with them for a long time. This is another reason that I strongly suggest federal loans over private loans.

Financial Aid Eligibility

EVERY student wanting federal financial aid, has to fill out the FAFSA. FAFSA stands for Free Application for Student Aid. What this does is it determines each borrower’s financial “need” in order to give out appropriate amounts of money… and no, you cannot lie on it. The government hands out money on a need-only basis. Without them knowing a borrower’s need, they are not able to determine how much money to lend to that student. The FAFSA takes into account family income, wealth, cost-of-attendance, location, and many other financial factors. Generally, students who have wealthy parents, receive less financial aid. Plain and simple. After a student fills out the FAFSA, it gets processed, and then an EFC is given. The EFC stands for Estimated Family Contribution, in other words, how much mommy and daddy are willing to pay. Now, this is not how much money THEY are willing to pay, this is how much money the government thinks they should pay out of pocket. In order to determine how much money a student may receive, the university subtracts the COA by the EFC which equals your D-E-B-T. For example, if the COA of a university is approximately $10,500 per semester and the EFC of a family is $4,500 per semester, the loan amount per semester will be roughly $6,000. If mom and dad do not plan on paying the $4,500, the difference can be made up by taking out a Parent PLUS loan or by a private student loan. The government and their selfishness…

Financial Aid Refunds

Yes, some good can come out of student loans and that is – REFUNDS! Refunds occur when the amount lent by the government exceeds your tuition for a particular semester. For example, if a student is eligible for $10,000 per semester, but only needs $6,000 for tuition, the refund comes out to be $4,000. This $4,000 is normally deposited directly into the student’s or parent’s bank account. The refund is supposed to be used for books, housing, food, etc. What college student is going to buy books before beer? It’s not everyday that you get a ton of money just handed right to you, unless of course you are a stripper.

I think this pretty much sums up the debt building process. All in all, student loans are not that bad if you are going to have a way to pay them back after school. Not to sound harsh but, if you are planning on becoming a citrus fruit farmer and take out $40,000 in loans, I doubt you will be able to pay them back.

Your take home message for the day: Borrow wisely, spend simply.

FWC

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Famous Futuristic George Gilder Weighs BSV Over BTC at Summit

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Bitcoin (BTC) Prices Hold Steady After a Severe Turmoil
  • The Summit is held annually to help investors discover new market trends.
  • Gilder highlighted the advantages of BSV over BTC to the current issues.

As per renowned futuristic George Gilder, a “dynamic Bitcoin” that has “really created a miracle in recent months,” BSV is on the verge of becoming the de facto standard for all global currency in the next five to ten years. The Famous futurist gave an online “Six Predictions Summit” presentation to a group of financial experts, highlighting the advantages of BSV over BTC as the answer to the current economic and technical issues.

Framework for New World Order Required

According to Gilder, “immutable, unhackable” Bitcoin and the blockchain have produced freedom from political control currency. “Dual hacking crises” (technology hacking and economic hacking) affect today’s globe. Still, they may be addressed by establishing a new global economy and laying a framework for new world order.

The Six Predictions Summit is held annually to help investors discover new market trends. Due to current travel and other constraints, this year’s event was hosted online instead of in person. Renowned investing trend spotters Jim Rickards, James Altucher, Ray Blanco, Zach Scheidt, and Alan Knuckman joined hosts Doug Hill and Matt Insley on the show.

George Gilder has referenced Bitcoin’s “digital gold” myth at several points. Aside from noting that “the original Bitcoin, BTC” and Bitcoin Satoshi’s Vision or BSV are distinct, he reaffirmed gold’s usefulness as a long-term store of wealth.

Gilder said:

“Bitcoin Satoshi Vision has really created a miracle in recent months, rather than the static Bitcoin, which people hold on for dear life. It’s a dynamic Bitcoin that moves with the advance of technology.”

Despite the fact he called BTC “Bitcoin”, “the original Bitcoin” was not the answer he was talking about. The asset was regarded by him as being of no use to anybody except speculators, terming it as static.

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Is the Future of Real Estate in the Metaverse?

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Is the Future of Real Estate in the Metaverse?

Although the metaverse is not a new concept, it has recently gained much more attention. Many are now becoming familiar with the idea, and are looking into what its future offers and how they can be a part of it. The metaverse will completely transform the current way of life for the average individual, affecting work, trade, entertainment, leisure, exercise, social interactions, and everything in between.

Apart from the retail players, big tech companies are also getting into the space. Facebook, the world’s most popular social media platform as of 2021, has recently rebranded to “Meta”, showing its commitment to this new space. According to an official announcement, rebranding was necessary because the company is shifting its focus to bring the metaverse to life. Footwear and apparel giant Nike is also preparing for the metaverse and has signified interest in creating its own space, as well as Adidas, another powerhouse brand.

The metaverse will transform many aspects of life by improving interpersonal interactions, establishing communities, and helping businesses grow. The climate required to create and operate a successful business will also change considerably. Firstly, the metaverse will allow businesses, regardless of size, to establish digital stores for their goods and services. A significant advantage of these capabilities for the average company is that opening a physical store is no longer necessary. This could significantly reduce overhead costs without having to sacrifice customer reach. In a virtual world, a company can tap into wider audiences beyond the physical boundaries imposed in a real-life setting.

There are also multiple metaverse use cases for the entertainment sector. For example, entertainment brands could use metaverse locations to preview music to excite virtual fans, holding mega concerts to listeners around the world. Furthermore, fans may also get the chance to meet and interact with their favorite celebrities, an opportunity rarely possible in the real world.

Additionally, people can gather for leisure activities in virtual parks to play or bond over shared interests and ideas. These locations could replicate attractions available in the real world, engaging all different types of users in the process. For instance, people can build teams based on varying activities, including everything from traveling, virtual combat, or playing chess. The metaverse will offer a slew of new opportunities for individuals and brands alike.

One of the less obvious but very promising advantages of the metaverse is the opportunity to capitalize on virtual real estate. Regardless of sector or industry, the shift to the metaverse still requires individuals and businesses to establish a presence on the metaverse; this is where virtual real estate comes in and plays its part.

All metaverse offerings, including commerce, healthcare, entertainment, and other sectors, must set up shop somewhere in the metaverse to reach their desired base. Individuals can also invest in virtual properties for various reasons, In parallel to the traditional real estate market, Investors can earn profit by purchasing properties and leasing them to businesses and other franchises. Investors can also simply buy virtual properties, hold them into the future, and later flip them for a potential profit. With 500 million dollars sold just in real estate in the metaverse, last year projections state that it will double this year!

The key to making the best out of a real estate investment is getting in early. As with everything else, early buyers catch on quicker and are in a better position to make a profit if and when the value increases. Investors are able to pick their property at floor price in a strategic approach that will allow the potential for a larger profit as well as an easier sale just as investors do in the traditional real estate setting. Users looking to get into digital real estate in the metaverse can start their virtual portfolio and begin with Ethereum Towers.

Ethereum Towers

Ethereum Towers is a community-centric vertical megastructure set in the Ethereum Worlds metaverse. Consisting of 4,388 separate apartments, Ethereum Worlds is a major player in the space available to investors interested in taking an early chunk of the metaverse real estate market as it grows. The apartments in the structure are in two identical towers, each with 101 stories. Each apartment is an NFT on the Ethereum network and is available as an ERC-721 token.

All owners in the Ethereum Towers can use their apartments however they please. Each owner can personalize their space how they wish, giving them full autonomy over their digital real estate asset. For this, the Ethereum Towers offers a marketplace with a wide range of accessories, furnishings, and ornaments that owners can purchase and set as preferred. Since each apartment is available on the Ethereum blockchain as an NFT, ownership is guaranteed and easily verifiable.

Due to the deliberate design, Ethereum Towers apartment owners and guests can explore the social benefits of a large community with similar interests. All residents partake in a virtual social experience supported by meaningful interpersonal interactions. Each tower possesses communal areas where owners can meet and interact, regardless of any preconceived boundaries that would limit interaction in the physical world. Through these interactions, users can build a strong sense of belonging and establish friendships along the way.

Perhaps the most significant advantage to Ethereum Towers is the investment opportunity it offers. In the metaverse, unlike in the real world, digital property assets usually have a much lower entry barrier, making it much easier for interested investors to get involved before the masses. The value of the apartments are projected to increase over time as meta living becomes more popular, providing early adopters a chance to capitalize on being first movers.

Getting In Early

Investors that have been able to identify ideas that dramatically impact the functionality of the future have always prospered. Those who understand the impact and utility around the metaverse too will have a major headstart within the benefits that this realm will offer. With Facebook being one of the largest and most successful companies taking action to rebrand itself as “Meta,” this should give investors a clear idea that a new significant era is on the horizon.

 

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Popular Analyst Predicts Major Breakout for Ethereum (ETH) on the Cards

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Ethereum To Reach $20 Trillion by 2030 as per Ark Invest CEO Cathie Wood
  • Ethereum’s price has rebounded from a two-month decline in the last week.
  • Partisans are bullish on ETH 2.0 and are targeting a price of $8,000 shortly.

Since its January lows, the price of Ethereum has risen almost 50%. The Ethereum blockchains native token, Ether, has recently shown indications of resurgence. The altcoin is benefiting from several fundamental factors.

ETH/USDT: Source: TradingVIew

Ethereum’s price has rebounded from a two-month decline in the last week and has already reached the $3,000 mark. Cryptocurrency analyst Benjamin Cowen predicted a significant breakout for Ethereum (ETH) this week. According to him, the ETH price range between $2,000 and $4,000 represents a major re-accumulation zone for a medium-term runway of higher prices.

Upcoming ETH 2.0 Crucial

It’s also predicted that the network’s different offerings would show greener candles. Additionally, Partisans are bullish on ETH 2.0 and are targeting a price of $8,000 shortly. As the price of ETH continues to rise steadily, the fear and greed index for Ethereum weighs more heavily on the greed side of things.

Every obstacle on its path to the $3,200 mark on the daily chart has been overcome by Ethereum. Bulls are fully expecting the next price drop to be taken out by them. Aiming for the $3,600 level, investors have successfully crossed the 50 SMA and the bearish sloping line.

More than 45 percent of Ethereum’s value has been wiped off since its all-time high on November 10. Since its November high, Bitcoin, the world’s most valuable digital currency, has fallen by more than half. However, prices reversed their downward trend in February.

However, if pricing fails to hold above $2,800 in the next few trading days, we might witness a further decline below $2,400. According to CoinMarketCap, the Ethereum price today is $3,195.23 USD with a 24-hour trading volume of $13,485,593,739 USD. Ethereum has been up 3.84% in the last 24 hours.

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