If you are considering a private student loan, it’s important to know whom you’re doing business with and the terms of the loan. The FTC and ED offer these tips to help you recognize questionable claims and practices related to private student loans.

• Some private lenders and their marketers use names, seals, logos, or other representations similar to those of government agencies to create the false or misleading impression that they are part of or affiliated with the federal government and its student loan programs.
• ED does not send advertisements or mailers, or otherwise solicit consumers to borrow money. If you receive a student loan solicitation, it is not from ED.
• Don’t let promotions or incentives like gift cards, credit cards, and sweepstakes prizes divert you from assessing whether the key terms of the loan are reasonable.

Employee Loans

Private companies may offer you loans and other forms of financial assistance for your education. They often use direct mail marketing, telemarketing, television, radio, and online advertising to promote their products.

Paying for your education is a serious long-term financial obligation; that’s why comparing the costs of different ways of financing your education is so important. Private loans tend to have higher fees and interest rates than federal government loans. Private loans also do not offer the opportunities for cancel­lation or loan forgiveness that are available on many federal loan programs. So it makes good financial sense to exhaust your federal loan options (as well as grants and scholarships) before considering loans from any private companies.

Two different sets of reasons can be given in favour of power sharing. Firstly, power sharing is good because it helps to reduce the possibility of conflict between social groups. Since social conflict often leads to violence and political instability, power sharing is a good way to ensure the stability of political order. Imposing the will of majority community over others may look like an attractive option in the short run, but in the long run it undermines the unity of the nation.

Tyranny of the majority is not just oppressive for the minority; it offers brings ruin to the majority as well. There is a second, deeper reason why power sharing is good for democracies. Power sharing is the very spirit of democracy. People have their right to be consulted on how they are to be governed. A legitimate government is one where citizens, through participation, acquire a stake in the system.

Employers may choose to make available loans to employees for a variety of reasons. Often the loan agreement asks for repayments to be made through deductions in the payroll system.

An employer is responsible for:

• Making deductions of the amounts specified by the Loan agreement
• Keeping records of the deductions made
• Ensuring the deductions reduce the loan balance.

The payroll provides a system to deal with the administration of loans through the payroll.

Hello Readers. This is a new move from me venturing into Democratic Politics. We very well know that in a democracy all power does not rest with any one organ of the state. An intelligent power sharing among legislature, executive and judiciary is very important to the design of a democracy. In this blog we will discuss various stories about how democracies handle demands for power sharing. The discussions will be about various forms of power sharing that will be taken up in the following posts