Some highlights of the new and improved “Federal Student Aid” website

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July 23rd, 2012 by Ken

It’s been in the works for months now, but it is finally here.

Arne Duncan, Secretary of Education, tweeted out the news…

Studentaid.gov brings up a new homepage, and greets the viewer with easily navigable topics. Let’s take a closer look:

How do I prepare for college? This area covers topic such as the income increase accompanying degree completion, career choices that can actually create that income, a financial aid flow chart to help familiarize the process, and some checklists coinciding with the student’s progression through high school.

What types of aid can I get? This section offers a review of federal, state, institutional, and non-profit based resources that students can access in order to gain as much financial aid as possible.

They have a handy Overview of the Financial AId Process Video, to get new students acclimated to the process. Probably the most important part of the video is that it reminds students that federal student loans are indeed loans that are supposed to be paid back, even though they are awarded as part of a financial aid package.

Do I qualify for Aid? Most people are aware that financial aid is out there, but many become discouraged with the process when they hear that not everyone qualifies for as much as they would want, or need. This section as a bit more heavy hitting, as it address reasons why someone may not be eligible for financial funding. But beyond reasons for rejection, it is important to know standard eligibility criteria. Issues like citizenship status, disabilities, military service and more are all covered here.

How do I apply for aid? So you are ready to file the FAFSA! It’s not as hard as it may seem to be, but it may be tedious. It’s best to be prepared to handle the process by reading up and watching a video. A little bit of preparation can go a long way to make sure this critical application is completed.

Also provided, a handy deadline information schedule to make sure important dates are met. Always remember, file the FAFSA early and do so every year through graduation. Losing out on financial aid because of a late FAFSA is just a waste.

How do I manage my loans? This is the big topic on everyone’s mind, and they have extensive information available here. Important topics include repayment plans, loan consolidation, deferment and forbearance, forgiveness, and understanding default. If a student is borrowing for college, these are areas they need to understand fully.

Areas for improvement:

This new website has just rolled out, and it is an impressive offering. However, it could use some adjustments.

The promotion of earnings based on degree is important, but very generalized: Not every degree can create the same earnings. It’s important that students recognize real incomes based on degrees pursued. Dig deeper by checking out www.salary.com to get more exact information.

What about debt vs earnings? This is a major issue that I have addressed in prior posts. Borrowers need to explore more employment statistics and average incomes to get an idea of appropriate debt based on degree. The federal student aid website does connect to MyNextMove a site maintained by the National Center for O*NET Development, on behalf of the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). While this is a good start, it was found that much of the employment information remains incomplete. Borrowers have to do more than research from this one site.

How about beginning loan repayment while in school? While the loan repayment section clearly states what options are available, a major issue that should be brought up is beginning loan repayment while in school. For many undergraduates, this will be the new normal in the future. Beginning loan repayment while in school is a credit building opportunity, and can help lower total debts before the student even graduates. The Direct Loans program allows for total loan deferment for Stafford loans while in school, however, many students may lose track of their loans outstanding because they have such deferment options. More students should be made aware of the option to begin repayment while in school and should know how beneficial it can be. This point was not readily promoted on the site, but should be added to help promote this valuable concept.

Tags: based resources, career choices, checklists, citizenship status, closer look, critical application, degree completion, disabilities, eligibility criteria, fafsa, federal student loans, financial aid package, handy overview, little bit, military service, new students, rejection, secretary of education

Student Loans For Living Expenses

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Student loans for living expenses can be received through the approval of a private lending institution and not guaranteed by the federal government. Borrowing while in college can cover such expenses as an automobile purchase, gasoline costs, childcare costs, rent, utilities, tuition, books, food, etc. Government guaranteed loans are not for bills and other costs as the funds are to be spent on tuition, book, dorms, and in some cases childcare costs. A student loan for living expense can be obtained through any lending institutions such as a bank or credit union. These lending institutions need confirmation of enrollment at a qualifying college or university before funds can be distributed. Typically, borrowing such as this requires a co-signature, and thus co -responsibility of a parent, spouse or other friend or family member willing to share in the repayment obligations. This co-signer should have adequate income to repay the funds, since it is assumed that the borrower will be a full time student. Repayment usually begins on a student loan for living expense anywhere from 6 months -2 years after loan disbursement, but could be deferred up to 4 years while the student is still completing their education.

Caution should be taken when deciding on applying. Combining the costs of living and tuition together will require the student to take out some very high student loans for living expenses. By the end of the student's educational pursuit they could owe well over $100,000. This is the average price of a home is some geographical locations. A student loan for living expense should be used for mandatory living expenses only, as it is a loan, and must be repaid. Borrowers need to be honest with their lenders. "Remove far from me vanity and lies: give me neither poverty nor riches; feed me with food convenient for me" (Proverbs 30:8).

The incompletion of a college program will not render lending void, so the borrower must be sure of his/her intentions and major before applying for any student loans for living expenses. In addition, applicants may qualify for governmental grants or scholarships. Adult students returning to school have a wide variety of financial aid options concerning the upkeep of a home and family while simultaneously trying to improve their mind. Student loans for living expenses should be carefully reviewed and the lowest interest rate sought in order to benefit the most.

Student Loan Forgiveness Programs

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Student loan forgiveness programs offer many debt elimination options to college graduates who have taken out varying amounts of student loans during their degree programs. There is a wide range of requirements for approval that graduates who apply for any student loan forgiveness program must meet. They also have varying requirements and benefits. Many factors must preclude a graduate receiving financial help such as what type of degree earned, what location and area a graduate accepts employment, years of employment after graduation and other specific details. These programs are funded by the Federal government and are implemented not only to assist graduates in eliminating huge education debt, but also to provide needed assistance to local, regional, state, national and sometimes international efforts. Student loan forgiveness programs particularly target graduates in the professions of teaching, medicine and other helps oriented professions. Some even offer placement for these graduates. A student loan forgiveness program can partly or completely eliminate a graduate's education debt in exchange for a contracted amount of time served in needed sectors of society.

Generally, they are offered in areas that pertain to the military, volunteer work and other required employment criteria in needy areas of service. Well-known organizations such as the Peace Corp and VISTA offer student loan forgiveness programs in exchange for service to their agencies. Government agencies offer these opportunities to any doctor, nurse or medical professional who will agree to offer their services to certain low income, poorly serviced areas of rural or urban America. Teachers are also in high demand for student loan forgiveness programs and can receive all or part of their educational costs wiped out in exchange for their services to specific school districts in desperate need of quality teachers.

These stipulations apply to Stafford loans as well as the Perkins and other consolidation loans. Depending on the amount a graduate has accrued and the student loan forgiveness program entered, a graduate can receive a significant financial forgiveness on all or part of overall indebtedness. Also, a graduate has an opportunity to make a difference in an area of the country or world through his or her training and can be of great help for any graduate as well by offering a meaningful way to repay educational debts. There are many online sources that can provide extensive information regarding application and requirements for a student loan forgiveness program. "For by grace are ye saved through faith and that not of yourselves; it is a gift of God, not of works, lest any man should boast." (Ephesians 2:8-9)

Student Loan Service

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Student loan services are designed to help scholars go to college even if they don't have the money upfront to pay the high tuition costs. Finding the best organization to help with lending institutions can be difficult because there are so many options out there. Sometimes it is just best to find a student loan service that works for right now and keep researching. A borrower doesn't need to stay with the same organization throughout the entire education program. Researching organizations should include looking at interest rates, lending requirements, deferment options, and extra fees. Ideally a borrower should find a funding source that has a low interest rate, does not require a scholar to take a certain amount of credits in order to be considered a student, and no extra fees. This may sound impossible to find, but it is not. Student loan services want to help students as best as they can and also tend to be more lenient than other financial institutions when negotiating payments and a payment schedule. After finding an organization that meets the borrower's requirements, it is important to keep a good relationship with them. A good student loan service will be able to help find other sources of financing if they don't offer the funding themselves. Staying current with payments may also open the opportunity for referrals to other financial institutions for funding in the future. Student loan services record a payment history and report it to credit bureaus. Even if a borrower does not have any other credit, keeping a good relationship with the organization can be the beginning of financial discipline and a great credit history. If a borrower wants to create a good credit history before they graduate making payments early can be beneficial. Most organizations don't require the borrower to pay on loans until graduation so whatever amount a scholar is able to pay on the balances will be the 'minimum payment' and there won't be any interest incurred.

Whatever is decided, know that there are specific instructions in the Bible about how to handle money and what to do about debt. "There is that maketh himself rich, yet hath nothing: there is that maketh himself poor, yet hath great riches" (Proverbs 13:7). A student loan services loan may make one seem like they have riches at the time, but once interest is paid in addition to the money needed for basic living expenses, the debtor will soon find themselves poor. Basically it says to be honest about what a debtor can send to creditors, never live beyond one's means, and remember that a student loan service allows the spending of money that God has entrusted each person. These are all principles that are important to learn and live by.

Student Loans For Low Income Families

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Student loans for low income families exist for people that have college bound children in need of tuition assistance. Parents can find financing through a variety of outlets that specialize in matching parents and lending sources together. Most scholars who attend an institution of higher education need to seek government assistance with their education in some form or another, and one of those available ways is through a student loan for low income family. A great place to begin looking, for applicable programs to qualify for, is with the school college and career counselor. There are many high schools that have an information center on how to obtain grants, scholarships and borrowed funds. A scholar should explain to the college and career counselor what the financial circumstances are and they will be more than glad to help a person find the resources needed to pay for tuition, books, room and board. This type of limited financing can be generated through financial institutions in a community or local area. A college and career counselor might have all the information on student loans for low income families readily available and will probably tell the student that everyone deserves to go to college and they shouldn't think that a lack of finances will hinder an education. Society agrees that everyone deserves an education, and that includes those with low incomes! It is recommended to seek assistance from others familiar with a student loan for low income family programs to help in the search for educational financing. Wisdom dictates getting all the financial aid that can possibly be qualified for by having a financial application for college filled out to see what the government entitles in regards to scholarships, grants, and borrowed funds.

One can benefit from government assistance after filling out the financial application the first of the year, when they are more likely to get a better financial package for college. When notice from the government arrives, make sure to ask a financial adviser, counselor, or parent about student loans for low income families. This type of funding source may be just the thing needed to start the first successful year of college. Don't let pride get in the way, instead, make the most of all circumstances and see how God can provide through student loan for low income family programs. "Ye are all the children of light, and the children of the day: we are not of the night, nor of darkness" (1 Thessalonians 5:5). Begin the search for specialized funding for college today!

Student Loan Relief

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Student loan relief is available for students or college graduates who are having problems making their loan payments. There are many reasons and hardships that can keep a consumer from taking care of their debt in a timely manner. As a result, there are a variety of relief programs that aid consumers in such times and circumstances. Bankruptcy is a last resort for financial trauma, and student loans are not dischargeable, making some type of assistance crucial for even those filing bankruptcy. Getting information on student loans relief can be helpful as graduates seek to take care of debt, but get help in difficult times. College graduates often finish their programs of study with a sizeable debt in addition to their chosen degrees; assistance is often needed to help these graduates find a practical way to address and manage this debt. There are several options that can be considered when looking for student loan relief. First, and foremost, college graduates wanting assistance should contact the lending agency or school where the financial aid was administered, and report that there is a problem. Ignoring bills, or letting an unpaid debt accumulate simply compound the debt and financial trouble. Communication is key and is always best. Contacting the financial department will give the financial department the opportunity to suggest help and identify appropriate assistance programs.

If a lending agency does not offer a student loans relief program when a borrower reports a situation of financial difficulty, another option to ask about is a deferment possibility. Deferment is a suspension of payments for a specific amount of time, and many lenders are willing to offer this assistance for a set amount of time, enabling the borrower to get back on their feet and then resume loan payments. Another student loan relief option is forbearance. With forbearance, the consumer will pay a reduced monthly payment amount, for a period of determined time, after which the monthly payment will return to the original amount. Both of these relief options can get the consumer through a rough financial time, and back on payment track at a later date, avoiding late fees and penalties.

Debt consolidation is another option for those looking for student loans relief. Consolidating debt into one payment monthly can help control the income and outgo of cash and often reduce the total interest charges. There are loan companies available online which offer various terms and conditions for debt consolidation. Whichever relief program one considers, remember to turn to God, who wants to help and give His peace. Cry out to Him and let His hope fill your heart. "But I will hope continually, and will yet praise thee more and more. My mouth will shew forth thy righteousness and thy salvation all the day; for I know not the numbers there of." (Psalm 71:14-15)

Student Loan Rate

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Student loan rates are the farthest thing from a scholar's mind when excited about starting a college education, but they do play a part in the available income stream once a career has begun. After a few years of school, most realize how much they are going to owe upon graduation. A student loan rate should be carefully reviewed and any contracts signed should be carefully entered into before a borrower is locked into an extended debt that must be repaid. As wonderful as it is to be able to get the money that is needed for a higher education, interest charges must be considered. The most popular form of lending program is the Stafford financing plan. It is available for both undergraduate and graduate students and requires no credit check or collateral. The popularity and ease of acquiring precludes much thought on the interest charge it requires. The government has set the Stafford plan at a variable interest rate, meaning that a scholar's student loan rate, while in school, will differ from the interest charge when out of school and ready to repay the balance. While in school and during the six month grace period, the current interest charge is slightly higher than the national interest index. After the grace period, the charge increases by at least 1.5 percentage points. Most importantly to know about the interest charge is that it changes every year on July first. This is based on the 91 day T-bill rate and is capped at a predetermined percent. Being bogged down with several loans and higher student loan rates need not be the disaster it may sound like though. "Then shalt thou call, and the Lord shall answer; thou shalt cry, and he shall say, Here I am." (Isaiah 58:9).

If a scholar is inundated with several forms of borrowed financing at varying student loan rates, there is always the option to consolidate in order to get a lower interest charge and adjust the length of the repayment terms. Federal State Loan Consolidation is a fixed percentage, government guaranteed, no collateral type of financing. The student loan rate on a consolidated source will be the average of accumulated interest percentage points that are being consolidated, rounded off to the nearest 1/8 percent. It's almost impossible to avoid borrowing college money. A higher education is almost mandatory to be able to make an income that can support a family and the costs of tuition far exceed most people's extra income. So if a scholar never gave much thought to their interest charge on the borrowed college money, they can still thoroughly enjoy the fact that they are able to get the education desired, knowing consolidation is an option to lower payments if necessary in the future.

Student Loan Refinancing

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Student loan refinancing is a great way to reduce monthly payments and possibly decrease the amount of interest paid each month on educational debts. When considering the consolidation of student loans, information on this can be as close as one's own bank. They may be able to offer great rates because they already have history and may be more willing to assist. Another option would be to shop around on the Internet or through the yellow pages. The worldwide web has thousands of resources available for any type of financial dealings. Whatever route taken to research, be careful to look at the whole package and not just the monthly payment or interest rate. Student loans refinancing is a way to help with the payments that need to be made, but care needs to be taken not to make a settlement or negotiation for the student loans. In some severe cases, refinancing may best be done by settlement or negotiation, but most of the time it just hurts a credit score. The goal in student loan refinancing is to lower the monthly payment and/or the current interest rate.

It is also important to look at the fees the bank will charge if a payment is late and what arrangements they can offer if a payment cannot be made due to the loss of job or some other type of emergency that would prevent payment being made on the student loan refinancing. The decision to look into this type of financing needs to be a personal financial decision. In order to fully understand why this would be beneficial, a look at the past, present, and future financial picture would need to be done.

Counseling is available through any financial institution or from a financial advisor to help one understand the big picture and all that may be involved. Whatever type of professional chosen to discuss all the options for student loan refinancing, make sure they are well educated and have many years of successful experience behind them. This will ensure the best advice about what to do concerning student loans refinancing.

In choosing a financial path to follow it is important to consider what God says about the use of money. There are many more times that God mentions money than He mentions anything else in the Bible. He wants us to use His money is an honest, giving way. Student loans refinancing can be a positive experience if handled in a Godly way. Seek Godly counsel if unsure about the decision regarding any finances. "I will instruct thee and teach thee in the way thou shalt go: i will guide thee with mine eye." (Psalms 32:8)

Student Loan Repayment

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Student loan repayments are serious business, and borrowers should be fully aware of the necessity in paying off debt, even if that debt is a governmental guaranteed financing program. There are options in a student loan repayment and scholars should understand these options before agreeing to any financing program. A payment schedule can be in place before the borrower starts to school, so they can understand what their future responsibilities will be. Because paying off the funds will affect a graduate's financial standing for many years after graduation, scholars should also consider other financial helps avenues as well as school financing from the government. Grants and scholarships can be researched online to find additional financial help. The less debt a scholar takes on, the better, and as with any debt, payments in the future will be completely necessary. Getting funding for education is typically accomplished by borrowing money with interest that increases the amount of the balance. Borrowing money is expensive and student loan repayments can be hard to make as new college graduates enter into the workforce at entry level salaries. The monthly payment should be seriously considered before taking out this type of funding. There are exceptions to student loan repayment, and those exceptions include graduates that are working as teachers in low income areas and those who will consider electronic withdrawals from a checking or savings account. With the payment forgiveness for teachers in low income areas, the teacher can, sometimes, have her entire balance cancelled. Those choosing electronic student loan repayments can have interest rates lowered, reducing the monthly payment amount. "Better is an handful with quietness, than both the hands full with travail and vexation of spirit" (Ecclesiastes 4:6).

When a borrower is unable to make adequate payments for one or more months, this is called default. Defaulting on a student loan can result in very serious consequences. Borrowers that default with their payments can have their paychecks confiscated by the government, and have their federal income tax refunds negated. Also, not making the required student loan repayments can result in a damaged credit report. If a borrower is having financial difficulties, and cannot currently make a student loan repayment on a Federal balance, then the financial institution that originated the funding should be contacted as soon as possible. Open communication with lending officials will always be best. There are deferments and forbearances available in certain situations. Before signing a promissory note, be sure to thoroughly understand the entire lending process.

Student Loans Repayment Assistance

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Student loans repayment assistance can be found throughout a variety of sources offering graduates help in reducing or eliminating debts. A student loan repayment assistance plan is necessary for some students, especially those who have accrued large, educational debt. Neither scholars nor parents can afford the total price of an educational program through many colleges causing large loan debts for borrowers upon graduation. There are many options for receiving help including debt forgiveness programs that allow graduates to 'work off' their debt through volunteer or contractual employment agreements. This type of help offers graduates of certain degree programs opportunities to receive all or part of a debt forgiveness in exchange for their particular work expertise. For example, there are many student loans repayment assistance programs formed by Federal or state governments to fill a need for teachers within certain needy locales. Many urban educational settings have desperate needs for teachers to fill positions within their communities. Since many of these embattled environments do not generally appeal to a plethora of scholars throughout the teaching profession, student loan repayment assistance programs are offered to young teachers just out of college.

Many young teachers hold large educational loans and can benefit from financial help to wipe out debt through an agreed upon time frame of employment within certain school districts. There are different student loans repayment assistance plans and varying percentages of debt pay off opportunities. Some of the debt pay off can be dependent upon employment time expended within a specified school district according to a student loan repayment assistance plan. Another profession that is in high demand in areas of the country through forgiveness programs is the medical profession. Many graduates of a medical program have incurred large educational debts and can receive a large portion of debt forgiveness through these types of debt elimination plans.

In addition, there are also volunteer agencies that are approved by the Federal government to provide opportunities of student loan repayment assistance such as The Peace Corp and VISTA. These volunteer programs aid third world countries around the world that are in need of medical, agricultural, and human services. Students can receive student loans repayment assistance through these programs while also receiving great satisfaction of service to others. There are many debt forgiveness and debt elimination programs that are available to graduates who apply for help. "And let us not be weary in well doing; for in due season we shall reap, if we faint not." (Galatians 6:9)

Student Loan Help

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Student loans help people pursuing higher education to accomplish their goals, when they don't have the financial resources to do so at the time of taking classes. There are Federal and Private institutions that offer many different types of financial aid programs. There are also companies that offer consolidation services for education financing, where they will assist in refinancing to lower monthly payments. A student loan helps in graduate and undergraduate financing. Different companies offer different options, according to what the personal needs may be. Years ago, the only options available were at the financial aid office at the college or university. Now there are many sources available online. The Internet offers a vast array of information. A student loan helps anyone wanting to be realistic about education endeavors. If a person has enough money to get through 3 years of college, but the program will take 4 years, student loans help to make this happen.

With the rise of costs associated with higher education, many more students have loans and financial aid packages today than ever before. Due to the complexity of multiple loans and the regulations on repayment, a student loan helps. If a scholar becomes inundated with outstanding debts, a student loan helps with changing payment schedules, lowering interest rates or even extending the length of time for repayment.

Seeking out assistance can help to avoid salary garnishments and/or the confiscation of federal tax return checks to be placed towards this debt. Repayment schedules on education debt vary and since they can be changed, seeking out student loan help is most beneficial. With the availability online, student loans help without much effort. Nahum 1:7 says "The Lord is good, a refuge in times of trouble. He cares for those who trust in him," Any decision in life is hard to make because the outcome is uncertain, but trusting in God to guide His people in the right directions will give anyone peace.

If a person is seeking assistance, the choices are many and there are various sources and different types of financing to help with education. So, whether the financing is from the Federal government or from a private foundation or lending source it is a good idea to research all options. The best place to start is the Internet or the local university. Credit unions and private resources offer great options as well, but this information will be harder to find.

Student Loan For College

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Student loans for college are necessary for a lot of families, and the sources are numerous, depending upon how much the family can contribute toward a student's education and the credit standing of the borrower. Students can get information on a student loan for college through the school they plan to attend, by contacting their bank, or by looking on the Internet. Federal loans are often the first place families look, and student loans for college are available through the Perkins, Stafford, or PLUS funding programs. A loan from any of the federal sources has a low interest rate, which is attractive, but there is red tape involved. This money must be applied for between January 1 and June 30 for the fall academic year. In April the awards letter go out, and if the student loan for college is offered, it will be for approximately one-half of what is needed. The family is expected to pick up the rest. Education is important at home and in a university. Proverbs 22:12 instructs parents to "Train up a child in the way he should go: and when he is old, he will not depart from it."

In the years between 1993-94 and 2004-05, the cost of attending a public universities has gone up 51.4%, and private universities have seen an increase of 61.7%. Parents hope their children will be eligible for a full scholarship for college, making this type of funding unnecessary. However, the chances of that occurring are not high. Those who must borrow all or part of the funds needed for college often turn to private lenders. The cost will vary according to the credit rating of the borrower. For someone beginning payments on student loans for college immediately after disbursement rates can vary from 1.5%-10% depending on credit score. Interest rates are calculated monthly, but payments can be extended for a period of four to twenty years with this kind of student loan for college, and no family contribution is expected.

Still another way to obtain this funding is a home equity line of credit. Amounts are available up to the amount of equity the homeowners have in their place at a low interest rate, and they are deductible at income tax time. This is probably a last resort kind of student loan for college for most parents because it places a lien on their home, and if payments are not made for any reason the lender can foreclose on the house. There are enough options for student loans for college that most students who desire an upper level education can get one.

Student Loan Elimination

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Student loans elimination give college graduates the possible option of erasing their college debts through special work programs or through consolidation. As university tuition continues to rise, graduates are entering into the work force with major college loan debt, and that is just the beginning of the financial problem. Add a few other financial needs, and graduating students ready to take on the world are struggling just to take on their debt. Now, erasing these debts is becoming another major concern, as record numbers of college graduates default on their college lending. Whether private or government college lending are in question, there are avenues students can take to get debt help and in some cases complete student loan elimination. The Internet has many sources that can be used in finding the best solutions for all financial situations. Debt is a major concern for America. The average household carries around $10,000 dollars in debt in unsecured amounts. Now, college kids are graduating and entering into the work force with mountains of debt that compound the upcoming debt issues in their lives. Graduates with large college debt and small beginner salaries are struggling to get their lenders paid and looking for student loans elimination. Some of the graduates that are searching are simply neglecting responsibility, but there are those graduates that are truly in desperate need for student loan elimination. Getting to the heart of the problem is first, and if the graduate is truly experiencing hard ship, there is help.

First, for those graduating students that are looking for ways to eliminate these debts and are simply experiencing a financial low, there are options. Getting college debt consolidation is far better than attempting student loans elimination. Debt consolidation can offer a lower interest fee and easy once a month payments. There are also refinance options for those who own collateral. When considering eliminating such debts, taking out an equity on a home might allow a college grad to pay off lending with the equity money and tax deduct the interest rate. There are many options that students looking into student loan elimination can consider before erasing debts completely.

There are cases where there is complete hardship inflicted upon a family or individual. "They mar my path, they set forward my calamity, they have no helper" (Job 30:13). There are guaranteed student loans that can be dismissed by the Federal Government if the student can prove undue hardship circumstances. To find out what qualifies these events, students should contact the financial institution that is administering their student loans. Student loan elimination will take time and research, and can be investigated further on the Internet where there are financial advisors offering information free of charge.