Scholarship and Loan Information:12.19.09

Study Abroad Financial Aid

Is Financial Aid Available for Study Abroad?

If you are currently receiving financial aid for your college education, in many cases you can use it to study abroad. This can be the case with aid from an institution, a foundation, the state or federal government, or other private or public sources. Talk to your study abroad advisor, financial aid officer, or bursar about what can and can’t be applied to a program of study abroad.

The Higher Education Act (HEA) of 1992 mandated that a student can receive financial aid for study abroad if the student is enrolled in a program approved by the home institution. Moreover, the student would be eligible to receive “grants, loans, or work assistance without regard to whether the study abroad program is required as a part of the student’s degree.”

What Types of Financial Aid are Available?

Federal and state governments, foundations, and private and public organizations are primary sources of financial aid. Be sure to check with your financial aid director, study abroad advisor or bursar about whether your financial aid can apply to study abroad.

If you are planning to attend an overseas study program sponsored by another institution, the home institution, through a written agreement between the schools, might allow you to use your financial aid. But students should realize that policies vary among institutions of higher education and therefore, should check with their study abroad advisors and financial aid administrators regarding enrollments with another institution.

Note the following types of financial aid: More →

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University fee review date set11.07.09

graduates

The review should determine what happens to university fees

The details of a review into fees paid by England’s university students are to be announced on Monday.

The government will outline the scope of the inquiry and name the person who will lead it in a written statement to the House of Commons.

The review is expected to be wide-ranging, looking at various funding options, but will not be finished until after the next general election.

Students have been staging campaigns against any increase in fees.

A new series of protests by the National Union of Students have been run across England since the start of the university term.

Students in England and Northern Ireland, and non-Welsh students in Wales have to pay tuition fees of up to £3,225 a year.

Welsh students studying in Wales pay fees of £1,285 while there are no tuition fees in Scotland.

STUDENT FEES (2009-10)
England: £3,225 p.a.
N. Ireland: £3,225 p.a.
Scotland: free to Scots, £1,775 to other UK
Wales: £1,285 to the Welsh, £3,225 to other UK
Students from elsewhere in the EU pay the same as those locally
Those from outside the EU pay whatever the university charges

But some university vice-chancellors are reported to want to raise tuition fees to as much as £7,000 a year.

When variable tuition fees were introduced in England in 2006, allowing universities to set their own fees up to this level, the government promised there would be a full review before any lifting of that limit.

With recession cuts looming, all sides are keen to get their message across in the debate over who should pay what in higher education.

Earlier this week, Business Secretary Lord Mandelson warned that the higher and further education sectors faced “increasingly tight fiscal constraints” and needed to raise more of their own funds.

“We will also have to look at the contribution that individuals make to the cost of higher education, which we will do through the independent fees review,” he said.

The Confederation of British Industry angered students by saying they should accept higher tuition fees as “inevitable” and pay more interest on their student loans.

NUS president Wes Streeting said: “Little over a month ago, the CBI called for a rise in fees, and polls have found that most university vice-chancellors would like to charge students £5,000 or more a year.

“Students are already graduating with over £20,000 of debt, and in the current economic climate it is extremely arrogant to argue that they should pay even more. We believe the review must look at alternatives to the disastrous system of top up fees.”

The NUS says students should be properly represented in the review.

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Danish pupils use web in exams11.07.09

Greve High School exam hall

Pupils are not allowed to email each other or anyone else during exams

In Denmark, the government has taken the bold step of allowing pupils full access to the internet during their final school year exams.

A total of 14 colleges in Denmark are piloting the new system of exams and all schools in the country have been invited to join the scheme by 2011.

Greve High School, south of Copenhagen, is one of the pilot schools.

On the morning of the exam, the exam room the floor is covered in cables. IT experts are busy helping the teenagers set up their laptops, making sure they all work.

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Students still waiting for loans in ENGLAND11.07.09

Thousands of students in England are still facing delays to loans and grants weeks after the start of term, according to the latest figures.

According to the Student Loans Company there were 132,000 “applicants who have not received first maintenance payment after approval” on October 25th.

This total will include applicants who failed to take places – but at least 60,000 are still being processed.

Business Secretary Lord Mandelson criticised the delays on Tuesday.

The loans company had assured students that all payments would be processed by the end October – and the next update on figures next week will show whether this has been achieved.

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UK rise in international students11.07.09

The number of non-European students enrolling on courses at UK universities has almost doubled in less than ten years, a report has found.

The study of trends in higher education by Universities UK found a 48% increase in the number of international students between the year 2000 and 2006.

In 2007/08, 229,640 students came from outside the European Union, compared with 117,290 in 1998/99.

China remained the “most significant” provider of students to the UK.

A total of 19,385 Chinese students enrolled on first degree courses in the UK and 21,990 took up places for post-graduate study.

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133 Trading Tips11.07.09

  1. Learn the basics of Forex trading. It’s amazing how many people simply don’t know what they’re doing. In order to compete at the highest level in the trading business and be one of the few truly successful participants you must be well-educated about what you are doing. This does not mean having a degree from a well-respected university – the market doesn’t care where you were educated.
  2. Forex trading is a zero sum game. For every long there is also a short. If 80% of the traders are on the long side, then the remaining 20% are on the short side. This means further that the shorts must be well capitalized and are considered to be strong hands. The 80%, who are holding much smaller positions per trader, are considered to be weaker hands who will be forced to liquidate those longs on any sudden turn in prices.
  3. Nobody is bigger than the market. More →

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What a Good Forex Training Program Should Include11.07.09

Should new Forex traders take Forex trading courses or join a Forex training program? Definitely yes; by now you have probably heard that only 5% of traders achieve consistent profitable results when trading the Forex market. The main reason for this is the lack of education. Don’t get me wrong here, taking a Forex training program or a Forex trading course won’t guarantee profitable results, nothing can, but choosing the right Forex training program or Forex trading course will definitely put the odds in your favor.

Before spending any amount of money on any Forex trading course or Forex training program there are some important aspects you need to take in consideration. There are many training programs available, but not every one of them suits the needs of every trader.

The first thing you should be looking in a Forex training program is the content of the material. Unfortunately, most courses or training programs focus or spend most of the time on basic concepts. Though these basic concepts are important, spending most of the course on them won’t help the trader to make consistent results.

The following subjects are what I consider the most important aspects of trading and every training program or trading course should address:

Forex trading basics - Review basic concepts such as: margin, type of orders, a little background, bid/ask, rollover, etc. You need to make sure you understand every single concept to perfection.

Main drawbacks of Forex traders - Being aware of the common mistakes made by Forex traders and knowing how to handle them will prevent new traders from making those mistakes.

Technical and fundamental analysis - These are the two main approaches adopted by Forex traders. Knowing how to properly apply each concept will definitely put the odds in your favor.

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