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2012年10月29日 星期一

Different Types Of Scholarships Available To Minorities

There are a large number of educational scholarship programs available for minorities and people with a specific cultural heritage. The requirements for these scholarships for minorities vary, depending on the goals of the program and the type of education that is being sponsored. Nearly every scholarship program has the underlying purpose of changing the number of minority students that graduate from college and enter the professional workforce. There are several types of scholarship programs that provide financial assistance for minority students.

Increase Representation In High Paying Industries

Some of the careers that have the least amount of minority representation are high paying jobs that require technical degrees or graduate training. There are many scholarships for African-Americans that provide assistance for students who are pursuing a career in technology, engineering or the sciences. The purpose of these programs is to increase the number of minorities that are participating in the field creating opportunities for others in the future. The qualifications for this type of scholarship are normally very strict and require above-average grades, as well as a strong inclination towards the basic tenets of the profession being pursued.

Provide Support For Graduate Studies

Postgraduate studies are expensive for any student. Statistics show that minority students do not enter graduate school at the same rate as other students. A scholarship that is targeted at graduate studies seeks to change this pattern. Many fields, including parts of healthcare, higher education and the sciences, are only accessible to individuals who have at least a master's degree. There are Latino scholarships that are specifically given to students who have excelled in undergraduate classes and who will be moving into graduate programs. These are rather competitive scholarships that require a dedication to learning, some activity in the professional field of study and a clear vision of what happens after the degree has been earned.

Reward Individual Achievements

There are local, regional and national scholarships for minorities that have relaxed academic requirements. This type of scholarship program is intended to reward individuals who have overcome adversities or overwhelming odds in order to arrive at a point where college is a real option. Some Hispanic scholarships and other minority-based programs are formulated like this and are awarded by individual foundations, while others are distributed by universities to people who have a compelling personal narrative. Although the initial academic requirements are not as strict as some other scholarship programs, the student must still perform well while attending college classes. Some of the qualifications for these scholarships usually include a well-written essay and recommendations from former teachers and important members of the community.

Author is the parent of college students who likes to research scholarships for minorities, such as a Hispanic scholarships like the ones found at http://www.collegeanswer.com/.


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2012年5月6日 星期日

Looking at CD Rates With a Different Perspective


It's no secret that yields provided on bank CD (certificate of deposit) and savings rates are at all time lows. Week after week brings more of the same - either more bad news to savers or no news at all. Today you'll be hard pressed to get a one year CD yielding much over 1.0% APY, either from online banks or your local credit union. And if you've been in the market for a bank CD, you know it's been this way for quite some time. But are rates really as bad as they look on paper?

Let's view the current abysmal state of the bank CD market through the lens of a low inflation rate.

According to the Labor Department, for the period ending July 31, 2010, the consumer price index rose just 1.2%, while the core rate was up only 0.9%. This is the lowest it has been since 1966. And keep in mind the core rate excludes food and energy costs, which are so volatile they distort the overall rate.

Sure the long term inflation rate averages 3.0% per year, but this can vary widely. For example, in 1979 it was at an unheard of 13% while in 2008 it sat at just 0.1%.

What this should tell savers is that to truly recognize your gains you must weigh your savings rates against inflation rates. Understand that "Real" interest earnings are the interest rate minus the inflation rate, and the real rate reflects the actual growth in the buying power of every dollar you've stashed away.

That being said, let's examine the current inflation figures with your savings account rates. If you're willing to let your money sit in a deposit account for five years you can earn a 3.0% yield with some of the best five year CD rates, thus beating inflation by around a point. Ok - so beating the inflation rate by a percent or two won't make you rich, but since when have bank deposits made anyone wealthy anyway? What you should be looking for in your CD or savings account is assured incremental growth to supplement a diversified portfolio, offsetting more risky investment endeavors.




Adam Johnsons is an avid writer for some major financial websites including Bank Vibe a leading resource to finding the best CD rates available in the nation.





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