katie
i dnt get it either but in this article for school and it says a barrel of oil will prob cost 300 by 2012 so is that goo dor bad?
Answer
in all of human history p to about 1850 the only way to build or do anything was with human muscle power. that is why there were slaves and workers paid almost nothing by the rich and powerful
machines using fuel, wood or coal or oil for steam, gas motors or electric generators can do much much more. a human muscle work is worth only about $0.50 a Day, less than the cost of the food to feed him
when oil was discovered in american in the 1890s it was so plentiful it cost less than a few dollars a barrel. gasoline was a waste product while making kerosene for lamps
only cheap clean energy produces real wealth meaning stuff. money is just paper to keep score.
in 1970s the america reached "peak oil"we used our won FASTER than we drilled and found new oil so we bought oil from the arabs. they stopped selling it and it almost collapsed the American economy. One of the reasons we had WW II was because America supplied japan with oil and when they attacked China we stopped their oil. they had 6 months to a year at most, to attack us, win the war, attack southeast asia And get oil there. otherwise they would have starved and gone back to planting rice with water buffalo
Today there is a huge and growing demand for oil. all our mid east wars are really about controlling oil.
oil at $75 a barrel we can afford. at $100 it slows our economy. $300 a barrel we would be in a great depression. but we would have an all out war in Saudi Arabia, Iran, Iraq or where ever the oil was found
WE HAVE TO STOP USING OIL. there is no other choice. except coal and coal is VERY dirty and dangerous.
The sun is the natural source of almost all energy on earth. it is just expensive to make solar electric systems. and we have stupidly let China manufacture them all. Our company just went out of business due to costs and cheap Chinese products.
at $300 a barrel oil you will ride bicycle and have to grow your own food in your back yard, or starve. Farmers need oil for all their machines, fertilizer and for trucking the food hundreds of miles to the cities.
Pay attention to this news it is VERY important to YOUR future.
2012 is much too soon but 20 50 maybe?
in all of human history p to about 1850 the only way to build or do anything was with human muscle power. that is why there were slaves and workers paid almost nothing by the rich and powerful
machines using fuel, wood or coal or oil for steam, gas motors or electric generators can do much much more. a human muscle work is worth only about $0.50 a Day, less than the cost of the food to feed him
when oil was discovered in american in the 1890s it was so plentiful it cost less than a few dollars a barrel. gasoline was a waste product while making kerosene for lamps
only cheap clean energy produces real wealth meaning stuff. money is just paper to keep score.
in 1970s the america reached "peak oil"we used our won FASTER than we drilled and found new oil so we bought oil from the arabs. they stopped selling it and it almost collapsed the American economy. One of the reasons we had WW II was because America supplied japan with oil and when they attacked China we stopped their oil. they had 6 months to a year at most, to attack us, win the war, attack southeast asia And get oil there. otherwise they would have starved and gone back to planting rice with water buffalo
Today there is a huge and growing demand for oil. all our mid east wars are really about controlling oil.
oil at $75 a barrel we can afford. at $100 it slows our economy. $300 a barrel we would be in a great depression. but we would have an all out war in Saudi Arabia, Iran, Iraq or where ever the oil was found
WE HAVE TO STOP USING OIL. there is no other choice. except coal and coal is VERY dirty and dangerous.
The sun is the natural source of almost all energy on earth. it is just expensive to make solar electric systems. and we have stupidly let China manufacture them all. Our company just went out of business due to costs and cheap Chinese products.
at $300 a barrel oil you will ride bicycle and have to grow your own food in your back yard, or starve. Farmers need oil for all their machines, fertilizer and for trucking the food hundreds of miles to the cities.
Pay attention to this news it is VERY important to YOUR future.
2012 is much too soon but 20 50 maybe?
Can I use student loan for apartment?
Joshua
I will be starting college in fall and I have been blessed with free tutuion because my mom worked at university for 10 years. However room and bored is not free it's 10,000 a year. I was wondering instead of taking out a loan to cover that I could room with a buddy for a shared apartment at 473 a month. Thats a little less then half the price with utilities included. Also if I wanted to spring up to nicer places in 900 range it's still cheaper. Can I do this and how can I if I can
Im interested in a loan from CITI bank or Wells Fargo not goverment loans
Answer
From the Federal Student Aid Handbook, 2011-2012. U.S. Department of Education, vol 4, chapt. 1, page 4-12:
[Quote]
The law allows a school to credit a studentâs account with FSA funds only to pay for institutionally provided housing.
[End quote]
Source: http://ifap.ed.gov/fsahandbook/attachments/1112FSAHdbkVol4Ch1.pdf
"FSA funds" means both Pell Grant money and Federal student loan money.
If, after all of your school costs: tuition, course fees, books and class supplies are paid for out of your FSA, there is money left over, you may use it to apply for your housing off-campus. However, because of U.S. Dept. of Education rules and the school's policies and procedures you will probably not receive any refunded FSA (if there is any unused funds) until weeks and weeks after school has started. Therefore, you will still need money (yours) to pay for your rent, food, and other household expenses - electric/natural gas utilities, internet service, cable/dish TV service, telephone service - before school starts and for several months into the semester or longer.
++++++++++++++++++++++++++
Added: When planning a budget for off-campus living expenses, also include an estimate for entertainment (going to movies, concerts, etc.) and meals/snacks at restaurants and for clothes an personal care expenses. Also, if the apartment will not be close to campus so you cannot walk or bicycle to/from school, plan on transportation costs. Plus, plan on the cost of transportation to/from campus/the place where your college is located at the beginning and end of each semester and at holiday and break times. Also, realize that unless it is a month-to-month tenancy lease, an apartment will require at least a 1-year lease (12 months - plan for paying rent and other household expenses for 12 full months) plus an initial security deposit (often the same amount as 1 month's rent.)
I see your Additional Details. If you will be eligible for a private student loan, with or without a co-signer (you or a co-signer will need an excellent credit rating for one thing), figure in the accruing interest rate (about 12% per month) on the loan amount. Plus, be aware that with private loans you will need to start repaying them (with the accruing interest) shortly after you sign the loan documents (that means while you are still at college.)
Student financial aid experts advise against private student loans for undergraduates, in general, and definitely advise against them to pay for living expenses. Do you really want to have to pay for your college housing, meals, etc. (with accrued interest) for about the next 20 years?
I do hope you currently are working at a part-time paying job and you can take on more work hours after graduation, during this summer so you can save as much of your earnings as possible to cover your living expenses at college (minimum estimate of $1,000 per month), so you will not feel you will need to take on a tremendous private loan debt you will live to regret. Also, I hope you plan on working at least part-time while enrolled at your college so you can earn money to pay for your on-going living expenses. Many colleges offer on-campus jobs for just their students. Ask an adviser at your school fin. aid office about those.
Librarians--Ask Us, We Answer!
Find your local Public Library at:
http://www.publiclibraries.com/
Find your College/University Library at:
http://lists.webjunction.org/libweb/Academic_main.html
Best wishes
From the Federal Student Aid Handbook, 2011-2012. U.S. Department of Education, vol 4, chapt. 1, page 4-12:
[Quote]
The law allows a school to credit a studentâs account with FSA funds only to pay for institutionally provided housing.
[End quote]
Source: http://ifap.ed.gov/fsahandbook/attachments/1112FSAHdbkVol4Ch1.pdf
"FSA funds" means both Pell Grant money and Federal student loan money.
If, after all of your school costs: tuition, course fees, books and class supplies are paid for out of your FSA, there is money left over, you may use it to apply for your housing off-campus. However, because of U.S. Dept. of Education rules and the school's policies and procedures you will probably not receive any refunded FSA (if there is any unused funds) until weeks and weeks after school has started. Therefore, you will still need money (yours) to pay for your rent, food, and other household expenses - electric/natural gas utilities, internet service, cable/dish TV service, telephone service - before school starts and for several months into the semester or longer.
++++++++++++++++++++++++++
Added: When planning a budget for off-campus living expenses, also include an estimate for entertainment (going to movies, concerts, etc.) and meals/snacks at restaurants and for clothes an personal care expenses. Also, if the apartment will not be close to campus so you cannot walk or bicycle to/from school, plan on transportation costs. Plus, plan on the cost of transportation to/from campus/the place where your college is located at the beginning and end of each semester and at holiday and break times. Also, realize that unless it is a month-to-month tenancy lease, an apartment will require at least a 1-year lease (12 months - plan for paying rent and other household expenses for 12 full months) plus an initial security deposit (often the same amount as 1 month's rent.)
I see your Additional Details. If you will be eligible for a private student loan, with or without a co-signer (you or a co-signer will need an excellent credit rating for one thing), figure in the accruing interest rate (about 12% per month) on the loan amount. Plus, be aware that with private loans you will need to start repaying them (with the accruing interest) shortly after you sign the loan documents (that means while you are still at college.)
Student financial aid experts advise against private student loans for undergraduates, in general, and definitely advise against them to pay for living expenses. Do you really want to have to pay for your college housing, meals, etc. (with accrued interest) for about the next 20 years?
I do hope you currently are working at a part-time paying job and you can take on more work hours after graduation, during this summer so you can save as much of your earnings as possible to cover your living expenses at college (minimum estimate of $1,000 per month), so you will not feel you will need to take on a tremendous private loan debt you will live to regret. Also, I hope you plan on working at least part-time while enrolled at your college so you can earn money to pay for your on-going living expenses. Many colleges offer on-campus jobs for just their students. Ask an adviser at your school fin. aid office about those.
Librarians--Ask Us, We Answer!
Find your local Public Library at:
http://www.publiclibraries.com/
Find your College/University Library at:
http://lists.webjunction.org/libweb/Academic_main.html
Best wishes
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