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Consolidating Your Federal Student Loan



For the average student who has graduated from college, it’s a difficult feat trying to make the payments on all of the federal student loans. Certainly, they were necessary to secure a good education and to obtain the education necessary to secure placement in the job of your dreams.

Now that you have reached that goal, you wonder how you are going to pay off all of those loans as well as meet your other financial obligations.

In recent months, a number of financial institutions have begun to see that many students are having a difficult time with meeting all of their financial obligations with so much in student loan debt.

In order to assist new graduates with their student loans, programs have been developed to allow graduates or soon-to-be- graduates to consolidate their student loans at an attractive interest rate. Some of the rates being offered are as low as 1.75% and some up to approximately 5.5% depending on the lending institution, the term of the loan, and the amount of the loan.

The typical federal loan consolidation saves a student 51% in payments per month, or approximately $150 monthly. In some cases, the savings may be even more, depending on the size of the loan and the original payment schedule.

A Federal student loan consolidation can be financed for either ten or twenty years. Many of these programs do not require either a credit check or income verification. These loans are intended to allow the new graduate to work their way into the working world and into their designated career without having to worry about how they are going to make the payments on the numerous loans that were required in order to get their degree.

These students are typically those whose parents were unable to send them to college and who did not quality for a full scholarship. Therefore, they had no choice on how to finance their education, but now that they are graduating or have graduated, reality has presented itself, and they have thousands of dollars in student loans that they are required to pay back.

With the employment situation being such as it is many of these students will not be able to obtain a job making the money they had originally anticipated if they are even fortunate enough to find a job in their field of study.

Being able to lower the payments on those loans will relieve some of the stress and allow the new graduate to concentrate on top priority items such as obtaining employment if he hasn’t already done so and being able to pay off the high interest credit cards with the money that will be saved by consolidating the student loans.

The new graduate who already has a family will be able to concentrate on spending time with the family instead of working harder and longer hours. Additionally, if he and his family have been living with relatives, the savings on these student loans may allow them the opportunity to move out on their own and being financially independent.

Consolidating federal student loans is a godsend for many of the students who would not have even been able to attend college without loans in the first place.

Copyright 2006 Steven Longoria

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Whale Alert Traces 6,000 ETH Transferred From Unknown Wallet



Whale Alert- 3,200 ETH Transferred to Unknown Wallet
  • In the past 24 hours, Ethereum is down almost 15%.
  • The transaction happened on Sat, 22 Jan 2022 13:30:46 UTC.

Whale Alert reported a staggering total of 6000 ETH, worth 14,963,907 USD, transferred by a whale through an unknown wallet. Transaction data shows that the transfer was made from an anonymous wallet to Binance. In the past 24 hours, Ethereum has lost almost 15% of its value after it retested the $3280 region a few days ago. Furthermore, it was the weekend; thus, a lower volume is expected than on weekdays.

Read More: Ethereum Price Prediction

There is no guarantee that the market will move in a certain way. Current Ethereum 2.0 constraints, a significant barrier for both consumers and developers, are anticipated to be addressed in version 2.0. In addition to enhancing the network’s performance, efficiency, and scalability.

Whale Alert

In its databases, Whale Alert compiles all of the transactions from various blockchains, analyses them, and then saves them in a uniform style. With the aid of artificial intelligence, these databases are regularly updated manually with information about thousands of known individual addresses, email exchanges, and other types of addresses. On its official Twitter account, it shared the information.

Hundreds of millions of dollars of ETH are being moved by crypto whales. The Whale Alert monitoring and analysis tool initially discovered the large crypto transfer. According to Whale Alert data, the transaction happened on Sat, 22 Jan 2022, 13:30:46 UTC.

According to CoinMarketCap, the Ethereum price today is $2,352.17 USD with a 24-hour trading volume of $30,582,551,275 USD. Ethereum has been down 15.33% in the last 24 hours. 

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Central Bank Digital Currency (CBDC) On the Cards As U.S. Fed Asked to Submit Reports



Bitcoin (BTC) Prices Hold Steady After a Severe Turmoil
  • A government-wide plan for digital assets is the first of its kind.
  • Federal Reserve would have to work out the kinks to satisfy both parties.

To stay up with private-sector payment innovations, the Federal Reserve on Thursday initiated an assessment of the possible advantages and dangers of creating a U.S. digital currency. The Biden administration has outlined a U.S. Crypto Policy, and now it plans to follow suit with an executive order that will be issued in February. Federal agencies will be required to submit reports. A government-wide plan for digital assets is the first of its kind. Federal authorities will investigate the dangers and possibilities.

Congress and The White House

Intense discussions are taking place at the highest levels of government to devise a comprehensive approach to Digital Currencies. The design is nebulous and difficult to interpret. According to some analysts, Federal Reserve officials have made a few hesitant measures towards forming a CBDC. Congress and the White House both have to be satisfied with the CBDC’s design before it can easily transition into payment and banking systems without causing any problems.

In order to get the support of both the executive and legislative branches, the Fed will have to figure out how to develop a central bank digital currency (CBDC). Consequently, Federal Reserve officials seek a formal statute permitting the creation of a Crypto policy.

Congress would welcome a CBDC, but the Federal Reserve would have to work out the kinks to satisfy both parties. According to Senate Financial Committee Chairman Sherrod Brown (D-Ohio), this is an essential step towards creating a U.S. based digital currency that will let more people participate in the banking system.

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SHIB Army Eagerly Waiting For Shiba Inu Listing on Robinhood This Year



Shiba Inu Listing on Bitstamp Postponed to 2022
  • Only seven coins may presently be traded on the platform. 
  • More than 500,000 people have signed a petition.

At the end of 2021, Shiba Inu Coin surpassed 1 million holders, and it surged swiftly after that, just to fumble to the recent crypto market crash. SHIB holders are looking to Robinhood to complete their listing collection after getting a Coinbase listing in September 2021 and subsequent listings on Kraken and CoinDCX.

By the end of January 2022, Robinhood will not support the Shiba Inu coin and has not confirmed any intentions to list SHIB. Only seven coins may presently be traded on the platform. Prospective SHIB holders will instead need to seek SHIB on exchanges such as Binance, Coinbase, Gemini, and others. In the SHIB community, rumors of Robinhood’s support for SHIB are commonplace. Rumors, on the other hand, are often just that.

Demand is Clearly High

Robinhood’s intentions for a SHIB listing are unknown, but the demand is clearly high. More than 500,000 people have signed a petition requesting Robinhood to include SHIB in its product line. According to the petition, the success of Robinhood’s Dogecoin listing shows that SHIB has the potential to be just as successful. 

On Shiba Inu, Robinhood CFO Jason Warnick is the most recent formal remark. During the Wall Street Journal CFO Network Summit, Warnick was questioned about new listings and Shiba Inu.

Warnick said:

“It’s not lost on us that our customers and others would like to see us add more coins. We’re a highly regulated company in a highly regulated industry, and we think it’s important that we get a bit more clarity from regulators.”

It’s hard to accurately predict when SHIB will be listed on Robinhood, but the SHIB army can hope it’s this year.

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