Before students take out a student loan, they should have excluded all other sources of funding. The Center for Higher Education Development (CHE) draws attention to this in its new Student Loan Test.

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Is there a student loan, scholarships or support from relatives? These options should be clarified in advance as they are more cost effective for students. Possibly there is also the option to do a part-time part-time job, with which not only money can be earned, but which is additionally a plus when starting a career.

The CHE’s new student loan test compared 39 student loan and education funds. There was no test winner, because the needs of the students were too different. Questions were asked, such as costs, risk limitation and flexibility. Many offers have achieved very good results in several rating categories. Nevertheless, it is worthwhile to look closely before concluding such a loan.

As a first step, students should clarify their requirements: are they planning longer stays abroad? Should the university be changed? These questions should be noted, because not all lenders are involved. Before students then narrow down a provider, it is best to compare several offers and then contact the providers first. Before signing, it is best to seek advice from a third person, such as a parent, or from the financial advisory service of the local Studentenwerk.

According to CHE 2015, the number of completed student loans has declined by 10 percent compared to the previous year. A total of 53,000 loans were used.

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Friends of the Saharawi people see “very likely” that this year children will not arrive in the region if a 2014 debt is not paid

Friends of the Saharawi people see “very likely” that this year children will not arrive in the region if a 2014 debt is not paid

On Friday, the Federation of Associations of Friends of the Saharawi People of Extremadura considered “very likely” that the children of the “Vacaciones en Paz” program do not come to Extremadura this year, if a debt that comes from last year with the Algerian airline that transports minors.
 

On Friday, the Federation of Associations of Friends of the Saharawi People of Extremadura considered “very likely” that the children of the “Vacaciones en Paz” program do not come to Extremadura this year, if a debt that comes from last year with the Algerian airline that transports minors.

Specifically, it is a debt of 87,500 euros of the Algerian plane that brought the children of the program ‘Vacations in Peace’ last year, so that “about 200 children” can come to the autonomous community this summer.

Faced with this debt, this group has demanded that the Government of Extremadura acquire a “written commitment” for this payment, since in that case, the federation can tell the Algerian airline that it has “a commitment to pay” and can “request date for children to come this year, “but if they do not have it” it’s going to be very complicated “.

This has been explained by the spokesman of the Federation of Associations of Friends of the Saharawi People of Extremadura, Antonio García, in a press conference that he has offered this Friday in Merida, in which he has hoped that there will be “resolution of the commitment by of the Cooperation Agency “and that” is carried out as soon as possible “, in order to meet the deadlines for documentation of children, and that they can come to the region.

As reported by Garcia, from the regional administration “has always collaborated” with this program, but still missing to pay for the charter flight last year, as the grant was not approved in its day.

Antonio Garcia has indicated that since January they are “in constant meetings” with different organisms of the Government of Extremadura and with different positions of the regional Executive, that “have offered to solve the problem” but “has not been solved” so that the airline refuses, “logically”, to carry out any type of flight for the autonomous community if the amount owed is not paid.

Deadlines

The project, which has “some deadlines”, that has been presented by the Federation of Associations has been denied on three occasions by the Government of Extremadura despite being carried out by one of the technicians with “the best curriculum in international cooperation at the national level” and not having any type of technical difficulty “, so since January there have been verbal contacts with the regional Administration to correct the errors.

Since the beginning of the year there has been “no concrete term” for the payment of the subsidy, but the Government of Extremadura has been asking for technical documentation and the federation “has justified the expenses that have been made” this past year.

In addition, Antonio García has indicated that the aid to the Saharawi people from the Extremeña Agency of Cooperation “has always been by direct award”, since “project was presented and approved or not, and from there it worked” with the budget, since “the call remains open throughout the year” and when the program ends “you see the real expenses” that the program has meant.

Even so, this year is no longer for “direct help” but the grant is made by decree (the order has been published this Friday) although the federation “is not clear” that will happen in this edition of ‘Holidays in Peace ‘

Willing families

In addition, the spokesman of the federation has indicated that families “are willing to do whatever it takes” but it takes time and means necessary since the federation “does not have the financial means to deal with this debt in a week” .

Antonio García pointed out that the federation is running out of time between one week and 15 days to complete the paperwork for documentation, since it is necessary to obtain visas for Saharawi children.

About 200 families depend on this subsidy, and many other families and children of the Sahara, so the federation of associations has indicated that its members “are very concerned”, since Extremadura “would be the only community in Spain this year do not bring the Sahrawi children if the problem is not solved “, and the” first time the children have not been brought since the project ‘Vacations in Peace’ was created “.

In addition, one of the members of this federation, from the town of Talayuela in Caceres, is willing to “start a hunger strike” this Saturday if the problem is not solved, said the spokesman, who hopes “not to reach this point” .

This Federation of Associations of Friends of the Saharawi People of Extremadura represents “21 of 24 or 25 associations” that exist in the region, which “accounts for 90 percent of the total.”

Holidays in peace

The project ‘Vacations in Peace’ is one of the “most important” of those taking place in Extremadura with regard to the solidarity movement of Friends of the Saharawi People, and consists of about 200 children from refugee camps in the Algerian Hamada come to spend the two summer months with families in the region, and has an approximate cost of “about 120,000 or 130,000 euros each year.”

In the refugee camps of the Algerian Hamada, “temperatures start between 50 and 58 degrees in 15 days,” and there are also “shortages of water and food”, so children come to avoid “that bad summer” and provide them in Extremadura with a “common food” that in the Sahara “can not afford it”, in addition to medical studies and treatments if they need them.

Last year, the host families financed a total of 40 trips, which “have an average cost of 700 euros” since the subsidy was to pay the trip to 160 children, and nobody from the associations “is charging for it, since there is no profit motive, but it is a real solidarity movement “.

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Four Steps To Credit Card Debt Relief – Learn How To Get Out Of Debt Now

Don’t let your past mistakes a person stay from living your life. Just about everyone has committed financial faux-pas at one time or another. Many lenders know that a poor history doesn’t always cause a risky customer. A number of loans for people with credit score available. Doing you have executed a little research to find out kind is ideal for you.

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The ECB raises interest rates by 0.25 points to 2.50%

Trichet justifies the rise to prevent future inflation

Trichet justifies the rise to prevent future inflation

 

The European Central Bank (ECB) decided to raise the basic interest rates in the eurozone by 0.25 percent, to 2.50 percent, to control inflationary pressures in the eurozone, such and as expected the financial markets. This increase will have limited economic effects, even in the eurozone countries in which mortgages adjust to a large extent at variable rates.

The president of the ECB, Jean-Claude Trichet, justified the rise in rates with the highest inflation risks expected for 2006 and 2007. At a press conference, after the monthly meeting of the governing council of this entity, Trichet said that it can expect an impact on inflation in that period due to “indirect effects in the past due to the increase in oil prices”. The increase in the price of money to 2.50 percent, will help to ensure that medium and long-term inflation expectations in the euro area will remain firmly anchored at levels consistent with price stability, the ECB president added.

He also pointed out that there are signs that economic activity is improving in the twelve countries of the euro, which “will have higher rates of growth in the short term, as reflected by various indicators.”

In this regard, he said that the quarterly internal projections of this central bank predict growth of the Gross Domestic Product (GDP) between 1.7 and 2.5 percent in 2006, and between 1.5 and 2.5 percent. in 2007, figures that imply a slight upward revision with respect to data from last December.

Inflation predicted this year

Inflation predicted this year

Regarding inflation, Trichet predicted that the price increase will move this year between 1.9 and 2.5 percent and in 2007, between 1.6 and 2.8 percent, percentages They also exceed the ECB internal forecasts for December.

In general terms, the president of the European Institute warned that the upward risks for the evolution of prices persist. These risks also include further increases in oil prices and the effects that are dragged on consumer prices by the present and past escalation of crude oil.

The entity has been concerned about the upward risks to prices derived from the strong expansion of the amount of money in circulation, the rise in oil prices and the improvement of the economic activity in the area.

Stability on prices ensured

Money

 

 

Year-on-year inflation in the eurozone fell by one-tenth in February, to 2.3 percent, according to a first estimate released by the Eurostat community statistics office but is still above the level set by the ECB to ensure the stability of prices: “close but always below 2 percent”.

At the same time, the euro area economy has shown clear signs of recovery, so that low rates are no longer necessary to help boost growth. For example, the unemployment rate remained stable in January in the eurozone, at 8.3 percent, and the Business Climate Indicator (ICE), which measures the economic confidence of companies, rose 0.27 points in February and stood at 0.61 points.

The monetary entity has warned for months that the growth of credit in the area is still high, especially in mortgages, and has shown great concern about the sharp increase in liquidity. The loans for the payment for the purchase of a house were in January at 11.7 percent, compared to 11.5 percent last December- Home. The current low level of the price of money is one of the causes of this robust monetary dynamics, according to the entity, which observes the growth of prices to forecast inflation and decide on monetary policy. 

In many countries, such as Spain, mortgage loans are generally set at a variable rate that depends on the Euribor, which is the main benchmark that sets interest on these loans, but not others like Germany. Commerzbank monetary policy expert Michael Schubert told EFE that this small rise in the price of money “is a warning signal to the markets” because, in some countries, such as Spain, there is a danger of overheating real estate prices and the formation of a bubble and its subsequent explosion. However, Schubert said the economic consequences of this change in rates will be small and short-term since a rate level of 2.50 percent is still “extraordinarily low”.

The ECB raised rates for the last time in December last year, also by a quarter of a percentage point, the first rate increase in the euro area in more than five years.

Monetary policy experts expect the entity to increase interest again at the beginning of the summer, also by 0.25 percent, and by the end of the year, the price of money will be at 3 percent.

For the experts, it is clear that the mortgages that are set in reference to the Euribor will continue to rise and that the end of a stage of cheap money begins, which in countries such as Spain has helped to trigger the prices of housing.