Some of the articles are embarassing to this site....
Date: Mon, 05/06/2013 - 14:25
Some of the articles are embarassing to this site....
Nelly wrote the following....her footer states "Good Nelly is a senior member of the DebtConsolidationCare Community. Nelly is an active participant of DebtCC Forums where she tries to solve financial queries of the consumers. She also writes articles for various social community sites and DebtCC official blog."
Her writing is an embarassment...poor grammar and content barely skim financial aid. My high school freshman writes better than this. This is suppose to represent this site???
http://www.debtconsolidationcare.com/wiki/personal-finance/Federal-and-private-student-loans---Differences-change-everything.html
The college admission season is in its full swing. This is the time to take the next big important step in your life. This is the time when you leave your school and start preparing yourself for the college life.
Although it is very hard to get admitted into the best college of your city, yet it is doubly hard to finance the 4 years of your life for flourishing your career. The college tuition cost has almost become double in the past 25 years. Students have to pay nearly $22,000 on an average in a single year. So, it doesn’t take a lot of imagination to guess how much students have to pay for finishing their studies.
It has almost become impossible for the college students to become a graduate without taking out loans. Almost two-thirds of the college students have to take out loans to enhance their educational qualification.
Educational loans can be broadly classified into 2 broad categories – federal and private. Federal student loans are offered by the government whereas private loans are given by the banks. Check out some of the key differences between the 2 types of loans.
1. Fed charges less than the private lenders: You’ve to pay fixed interest rate on the federal student loans. The interest rate on subsidized Stafford loan is 3.4 percent. On the other hand, the interest rate on Perkins loans is 5 percent. Plus Loans are offered at 7.9 percent whereas unsubsidized Stafford loans are available at 6.8 percent.
Private lenders charge a higher interest rate than that of the federal government. Moreover, some private student loans are offered at variable rate of interest.
2. Fed gives a breathing space to the borrowers: Fed expects you to start making payments after passing out from the college. On the other hand, you’re requited to start making payments right after taking out the loan. If you fail to make the payments, then your credit score will drop.
The repayment plan of the private student loan is difficult for yet another reason. You may have to pay a prepayment penalty if you decide to repay the loan quickly and avoid the additional interest rate.
3. Private lenders offer a strict repayment plan: Fed may forgive a portion of your debt if you volunteer for Peace Corps, AmeriCorps or at some other public service organization. Apart from that, there are variety of repayment plans such as forbearance, consolidation, deferment, income based repayment plan, etc. to pay off your federal student loan. Your loan will also be totally forgiven after your demise.
The private student repayment plans are really very tough. Most of the loans don’t offer consolidation or flexible payment plans. Sometimes, borrowers need to brig a co-signer to obtain private student loans. If the borrower is not able to stick to the payment plan, then the co-signer will be in big trouble. The co-signer will be required to repay the loan on behalf of the borrower.
You must have clearly understood by now that federal student loans are better option than that of the private ones. However, it does make sense to take out private student loans at certain times. For instance: if you’re confident about getting a lucrative job and paycheck after completing your program. You can also borrow from a private lender when you plan to use money for taking proper care of your financial health.
I am lucky to have been
I am lucky to have been admitted to the best college of my city. I guess it doesn't take much imagination after all.
I have found her articles to
I have found her articles to be lacking in specifics sorely needed by the people who come to this forum.
Although it is very hard to
Although it is very hard to get admitted into the best college of your city, yet it is doubly hard to finance the 4 years of your life for flourishing your career.
In most major cities it is NOT that difficult to get admitted to the best public college.....however she offers no facts. The first half of the sentence does not connect with the second half. Why is it doubly hard?? As in twice as frustating??
"of your city" ???? IN your city
It may be very hard to get admitted into the best college in your city and finance it as well.
Fed expects you to start making payments after passing out from the college.
This is funny...I know a lot of students who passed out while IN college but none who passed out from the school.
Her writing skills are atrocious. Honestly if it her on the facebook page, I can understand why we dont get people via facebook...her questions and statements for the most part are just plain stupid....they do not offer information or intice people to find out more. I often think, god help people who Ask Nelly.
Sorry! http://www
Sorry! http://www.debtconsolidationcare.com/wiki/personal-finance/Mothers-and-children-are-responsible-for-the-financial-disasters.html
"Mothers and children are responsible for the financial disasters"
The more I read it, more the more pissed I became. She makes statements she cant back up, misquotes articles, her grammar and sentence structure sucks and the articles hold no substance. Generalizations. This one is just a slam on women...men can be bad money managers too.
I agree there needs to be
I agree there needs to be some clean up on the forums here - who do we ask to get it done.. I am willing to help and make this a better place...
Wow - do parents not share in
Wow - do parents not share in the financial upbringing of their children? Or are all single parent houses with mothers only? and this quote "Nearly 44 percent of the mothers are confident that their children won't be able to finance their high school education" - I don't know any children that are financing their high school education! Are parents not still responsible for their children to at least 18 years of age to some degree?
EXACTLY!!! If you read thru
EXACTLY!!! If you read thru the articles she writes, they are just words.....titles dont match the content and often bad info. One of her articles talks about refi's bad debts with 401k's or retirement funds....that is a huge no no!! I look over the facebook page and laugh....no wonder people are not coming here!!! If her writings are suppose to be representative of this site, no wonder this site is not getting the traffic. I still go to other forums....they get hundreds of posts daily....this one, maybe 25 per day?
I have brought this up to
I have brought this up to jason and in this forum before....articles that are poorly written and now I am seeing articles being posted with advertising links. The letters need to be revamped....that stupid DV letter is there which is totally wrong.
Well I for one would be glad
Well I for one would be glad to help - I would also be nice to be able to clean up some of the post - that have garbage post in the middle of helpful info... Let me know if you hear anything..
Authors are entitled to their
Authors are entitled to their personal opinion. They express their views and opinion about a subject through their articles. We are not responsible for that.
If you have something to say about any article, then you can shoot us a mail at jason@debtconsolidationcare.com. If you feel there is something wrong in the article, then send us a mail with some concrete data. For instance: an article or any other resource through which we can inform the author. Or, you can highlight the part of the content (which needs to be changed) in the mail. Explain what is wrong in that part. And then, you can send us the content with which you want to replace it.
Thereafter, he/she can make the required changes.
We understand you’ve the best intentions for our community. So, feel free to mail me.
No Jason, this needs to stay
No Jason, this needs to stay public. This is not a site for personal opinions....we need facts and laws, not ramblings. We need clearly written articles that are of value, something that will teach the readers something. Nelly advertises herself "she tries to solve financial queries of the community members. She also writes articles for various social community websites and DebtCC official blog." This implies she has some knowledge. From my view she is neither a writer nor does she solve financial queries. Her ramblings do not present a positive picture of this forum. Her titles of her articles often do not relate to what she has written. If I was an individual looking for financial advise and stumbled upon that section, I would be running quickly to another forum. There is little to no thought put into these writings and although she quotes other people, she is actually misquoting what the original author intended on saying. Yes, I have looked up some of her quotes. Lets face it...the traffic is way down here. The mods here work hard babysitting the stupid posters like steve barris and others. We work hard researching our answers. Why shouldn't the articles be just as factual??
No, I dont think they are. I
No, I dont think they are. I have run lines thru google and nothing hits.
Before we refer to these
Before we refer to these articles as "stupid", "a pile of trash" and "an embarassment", can we find a more constructive way to offer feed-back?
Although I can see the problems with her articles, imo, she's brave to publish at all, knowing there's the risk of getting torn a new one in the public forums!
We talk about how traffic is down in the forums--but I feel that this is also a factor. At work, an employee is never slammed in public, but in private. We should also have the same rules here.
