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Boy, Do We Get The Garbage!
For the most part I view our family as the typical nuclear family.. reflecting the personal and practical living priorities of the times we live in. It's certainly not reflective of the family in which I was raised, but those times were different....
Chinese Pregnancy
Chinese Pregnancy Traditionally in China, when once people got married, they would immediately get ready for having a baby. That is why symbolic things such as dolls or lotus seeds would be put on the beds of the newly weds on their wedding day so...
TV's effects on your family: Lessons from the Easter Egg Hunt
It was the big Easter Egg Hunt. My friend Christy and I lined up with the other kids. We all gazed greedily at the field of goodies before us. "GO!" yelled the announcer. En masse we rushed forwards. For some reason, everyone veered to the left. I...
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The Importance Of A College Education
It cannot be stressed enough to young people that a college education is the only way to obtain a good job and the type of job that will allow for a comfortable lifetime income and a secure future. My nephew said just last night that he wanted to be a fork lift operator at a local marina, "they make $19.00 an hour" he said. Well, $19.00 an hour seems like a fortune to a young teenager, but what happens when this teenager grows up and gets married and has several children? We stressed to him that college is the only way to go.
Needless to say, college is one of the biggest expenses a parent will be faced with. The cost of colleges vary widely. A four year private college can cost $25,000.00 or more a year. A four year public college is in the $10,000.00 a year range. However, there are ways parents can prepare for college expenses. Saving money is the primary way parents pay for college. Setting up a savings plan specifically for a child's education. Assuming you start when your child is born, and you have a saving account with an interest rate of 4%, a monthly deposit of only $29.00 will in 18 years amount to $10,000.00. Quite a nice chunk of change to help offset college expenses. There are federal Parents Loans available that offer low
interest rates and give parents the advantage of spreading costs over time.
There are ways the student himself or herself can help with the cost of college. Financial aid is available through numerous grants, scholarships and student loans. Grants and scholarships are monies that do not have to be repaid, but they are based on students maintaining certain grade averages and courses. Student loan rates are generally lower than rates for other types of loans and are repaid after the student finishes college. Some colleges offer work-study programs where students can work during the summer to help pay their college expenses.
A US Census Bureau Report in 2002 showed that on average, workers who graduated high school earned a yearly salary of $26,800.00. Those with a Bachelor's Degree earned an average yearly income of $50,650.00, and those with degrees in business, law, or medicine, earned on average $101,400.00. Today, those with Bachelor's Degrees earn 70% more than those with just a high school education.
The short term hardship of paying for a college education is obviously outweighed by long term rewards.
About the Author
Article courtesy of http://www.university-phoenix.com
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