Posts Tagged ‘commentary’
How to Get Free Money From Student Loan
How to make money off a student loan
Full time studens able to borrow up to $150 per week for living costs
Soon to be $155
Under the interest free system only pay back what you borrow
Subject to student staying in country
Student can decide what to do with money — spend or save
If student able to save, then can invest and earn interest
We did some calculations
Rabo online call account at 8.3%
We subtracted tax paid on interest earned
If received for 37 weeks a year, this year, $136 — not much
BA Over 3 years - $1,659
Longer degree — dentistry or perhaps Masters
5 years - $4,909
7 years - $51,047 total
$39,995 to be repaid
= $11,052 earned in interest
This is if the maximum amount for living costs borrowed and invested for 37 weeks a year for 7 years
Even if spending some, invest the rest
A student needing $50 a week can invest the other $100 that is available
Will change to $105
After 3 years - $1,115
5 years - $3,311
7 years — $7,459
Incentive to borrow the maximum and invest that not spent
Not changed by National — those studying
The interest earned would perhaps pay off a student’s over draft
And $11,000 would certainly be helpful after paying 7 years of tuition fees.
Duration : 0:2:49
Re-Usable Toilet Paper Rubs Me Wrong!
Environmentalists claim that Americans use of toilet paper is worse for the environment than our Love of Hummers (the S.U.V:).
And so, the green company: Wallypop has expanded on its line of reusable diapers, and created reusable toilet paper, or sanitary cloth; adult diapers.
Is this the change we can expect? Personally I’d prefer to keep sitting in my old mess!
Duration : 0:3:36