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Tip of the Day Set Concrete Goals

Set Concrete Goals - One of the best ways to help you set a budge and live within your means is to set realistic, but concrete, goals for things like...

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Perkins Loan

Definition: Perkins loans are given to students who show that they have financial need (by filling out the FAFSA).  Here are some of the details:

Interest: 5% (fixed for the life of the loan)
Undergraduate limit: $4,000 per year to $20,000 maximum.
Graduate limit: $6,000 per year to $40,000 maximum.
Repayment term: up to 10 years
Minimum monthly payment: $40

Advice: Perkins Loans are great ways to finance your college education.  Because the interest rate is fixed, you don't need to worry about changes in interest rate.  However, at times these loans can be unattractive if other loans are offering lower rates.

 

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Definition of the Day Rights Issue

Rights Issue - Rights Issue is the permission of a company or corporation to existing shareholders. The current shareholders status give them access to purchase shares of stock security of an issue of the common stock before the company offers the stock securities to the public domain. The stock security...

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