...Consumer Information Guide 2015–2016 August 2015 Table of Contents Consumer Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 About University of Phoenix . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Accreditation, Licensures, Reviews and Approvals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Regional Accreditation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 State and International Licensures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Program Accreditation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 School of Business/Business Programs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 College of Health Professions: School of Nursing . . . . . . . . . . . . . . . . . . . . . . . ...
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...of banker & customer take the form of creditor and debtor. Standard Bank offers different types of loans and advances, which are mainly, categorized under 2 heads, namely Small Enterprise Loan & Consumer Financing. The various types of loans that fall under the category of Small Enterprise Loan are: Easy Commercial Loan, Retailers Loan, Transport Loan, Commercial House Building Loan, Possession Right Loan, Contractor’s Loan, Letter of Guarantee, Working Capital Loan, Letter of Credit, Loan against Imported Merchandise, Loan against Trust Receipt, Builders’ Loan, & Project Loan. And the loans under Consumer Financing are: Easy Loan, Consumer Durable Loan, Parua Loan, Thikana Loan, Flexi Loan, Peshajeebi Loan. This report highlights the loan policies of Standard Bank Limited; explain different issues regarding the disbursement of loans such as: sector where loans are provided, purposes of the loan, eligibility to get loans, documents required, interest charged on loans, & also the rate of penal interest in case of late repayment. From my observation, some weaknesses of the loan policies of Standard Bank Limited are detected, such as high interest rate, charging of loan processing fee, penal interest, maximum size of the loan is small, maximum term of the loan is low etc. And finally, few changes are recommended in the policy to remove the pitfalls & to improve the overall loan policies. 1.1...
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...AlbertCan Drilling Supply Company (ADSC) This company has done well for the past years and based on forecasts, it is looking at a very bright future in terms of growth and sales. The approach of owner-manager Mr. McDonald has been focused on word-of-mouth advertisement and high responsiveness within the local oil drilling industry in Alberta. Given the fact that most of its customers place their orders on an urgent need basis, ADSC has chosen to hold high levels of inventory to address the customers orders with a high degree of responsiveness. However this key selling point of the business model of ADSC has become a serious financial hindrance, causing liquidity problems now that they face growth levels of 25% in sales. ADSC is therefore forces to looking at options to touch up its finances. Liquidity A growing business does not necessarily mean a profitable business. Even though Mr. McDonald has taken great comfort in the growth forecasts and the firm’s capacity, the profits the firm generates are not able to sustain the growth of the company. The fact that ADSC committed to increase its inventory along with its growth anticipations and an extended collection period for their customers, are the root causes of ADSC’s liquidity problem. Inventory – According to Mr. Mcdonald, holding a large amount of inventory is an intrinsic part of the strategy and is a key selling point. It’s important to highlight that not only is the inventory growing at a high pace, inventory holding...
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...US LOAN SUPPORT This Service Agreement is entered into on the date shown below between US Loan Support (USLS) and Customer: USLS provides processing and support services to assist consumers who are applying for Federal Student Loan Consolidation Services through the Department of Education (DOE). USLS is a private company, not affiliated with any government agency, and for a fee USLS will assist in assembly and submission of student loan consolidation documents. USLS is not a lender, a law office or a debt consolidation company. Customer requests USLS to perform, in good faith, the following services, (“the Services”): 1. Perform a financial review of the Customer’s current situation, 2. Analyze and determine the applicability of potential Student Loan Consolidation options that may be available to Customer from the DOE, 3. Present and discuss the various options with Customer, 4. After an option has been determined, prepare, submit and process a Federal Student Loan Consolidation Application with the DOE, on the Customer’s behalf. 5. After completion of consolidation, USLS will to contact Customer monthly. In the event of a change of Customer circumstances or change in government programs USLS will assist client in reapplying if it benefits Customer. 6. Approximately one year from the consolidation USLS will work with Customer to reapply in an effort to make Customer’s payment as low as possible. IN CONSIDERATION of the promises and covenants of the parties to this Agreement...
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...The student loan debt crisis is a major issue in the United States. Every day, students are dropping out of college because they cannot afford college. Ever since college tuition went up in the 1960s, the student loan debt has risen. Student loan debt takes a major effect of student’s lives after college is over and they must start paying their loans off. On average, students take out as much as $28,000 to $30,000 of student loans (Holland). Taking out these large amounts of loans cause students to dig a hole of financial debt for themselves. From the history of student loan debt to the current solutions that could solve the debt issue, student loan debt will always be a constant issue in students’ lives unless drastic measures are taken to...
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...In America, if a student wants to go to college they have to pay a sustainable amount to be able to do so. The cost of college has greatly increased in the past few decades. The high cost discourages minorities and poor students from attending college. Many students take out student loans to be able to afford college, but then struggle later in life with paying off those loans. Higher level jobs are beginning to require college education to even be considered and this can come troubling to those who are not able to afford college. In this essay I intend to explain the problems with the high costs of college, introduce a policy to fix the cost of college, and introduce the opposing side to my research. Congress should address the issue of the high cost of college because it is impacting our job market. A better educated society leads to a more educated nation, so it is in the best interest...
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...helpful to many students entering the local universities mainly depended on limited financial resources from government and private agencies. Despite the fact that the loan provides financial support to students, the students tended to take the loan agreement for their uses. Some think that it is fully subsidized by the government and needs not be repaid. The consequences are students may not be prepared for settlement and do not manage the finances very well (Elistina Abu Bakar et al.,2006) These may be affect quality of life among students. Quality of life can be define as an individual responses to the social, physical and mental effects...
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...Many students are graduating with student loan debt. Students may not actually grasp the seriousness of student loan debt. Therefore, many of the students who take out more student loans than others and graduate with a lot that will be needed to be repaid which will be an issue. Because of this problem, Indiana University has created a program to help address the issue. A plan was made which follows 3 main phases. The first phase was to actually make the “Money Smart Team.” The idea of the team is to have students in the team. It was recognized that students are more ideal to take advice from students their age and in their situation rather than adults. The team helps with basic principles and ideas with spending. For example, students are...
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...April 9, 2014 Assignment 3 The Double Edge Sword Known As Student Loans Higher education should not be a privilege but a right; it should not be exclusively for the privileged. Not so many years ago the idea of seeking a college degree was optional. There were many jobs available in the United States that one could produce enough earnings to support a family. They were referred to as middle class jobs, however, due to some poor decisions made by our government those jobs are no longer available and the middle class is gone. Factories have moved to other countries and goods are produced cheaper there and imported back into this country ergo, we have become a country that no longer produces textiles, steel, or electronics, just to name a few. Most jobs that are available are in the service industry, namely cooks, retail sales and waitressing which do not produce a livable wage. To provide a service that will sustain a family, one must seek higher education; this is no longer an option, but a necessity. With the middle class now gone, the only way to fund higher education is with grants and loans. Grants typically do not provide enough funds to cover books and tuition unless the student lives with their parents; unfortunately student loans area double edge sword. Education, like everything else continues to rise in cost disproportionately with income. For most students taking a loan is the only way to achieve their academic goals. This decision should never be taken...
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...the Federal Reserve Bank of New York.” One reason home buying is decreasing among young graduates is that they have difficulty obtaining mortgages. Because of student loan debt and mortgage regulations, many young adults are unable to qualify for a mortgage. They cannot meet debt to income ratio or they are not able to save the required down payment. (Valenti, et al.). In the past, carrying student loan debt was not quite as burdensome as it is today. It used to help a young person obtain a mortgage and improve their credit score. However, following the recession this changed. Regulations are stricter when a person goes to finance a house and many do not qualify (Norris B1). Overall, fewer young adults have purchased homes since...
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...can earn a degree without the help of student loans. The American Student Assistance website reports that of the twenty million students enrolled in college, about sixty percent are attending with the help of student loans (2014). Obviously, student loan debt affects the individuals that obtain them. However, it also has severe effects upon the nation’s economy. Recently, CNBC broadcasted a documentary program entitled “Price of Admission: America’s College Debt Crisis”. The program sought to enlighten and inform students and the general public about the current status of and issues caused by college loans. Several college students were interviewed, telling stories of their inability to pay off these loans and the issues caused by this. It also investigated the role that some or all for-profit universities play in luring and (in some cases) all but lying students into taking loans that they likely cannot pay back. Admissions counselors and school officials were also interviewed, most of whom denied any fault or wrong-doing. A shockingly few number of those students who borrow to pay for college are actually able and/or willing to pay for these loans. Of the estimated $870 billion to $1 trillion in unpaid student loan debt, about $85 billion is past due (ASA, 2014). The issues that this debt causes for the students and their families are catastrophic, especially when the debt cannot be repaid. Many students have acquired loans that, upon graduation, total hundreds...
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...Rising Student Loan Default Rate: The Next Financial Crisis in the United States Rebecca Richards QBT1 - Language and Communication: Research October 1, 2012 Rising Student Loan Default Rate: The Next Financial Crisis in the United States Introduction Higher education is an important resource for career focused people here in the United States. In order to attend college, most students have to take out loans in order to cover the cost of attending. However, the rising rate of student loan defaults has recently become a serious issue that needs to be addressed. Economists agree that the rising amount of student loan default can prove to be a good indicator when seeking to predict future payments on student loans (Ismail, Serguieva, & Singh, 2011). Recent studies have shown that the growing rate of student loan default on higher education loans could cause another financial crisis in the United States because the loans are government backed, the cost of higher education is on the rise, and unemployment rates are on the rise preventing repayment. Taking on student loans can feel like and endless cycle of entrapment to the borrowers and they are often left with the belief that they have no other choice than to default on their loans. It is impossible to say with 100% certainty where the culpability lies for this unfolding crisis. One point of view is that the students may be at fault for not fully understanding the magnitude of the debt they are taking on...
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...Policy Briefing Education Reform Jatin Patel December 10th, 2012 Statement of Issue How can the federal government decrease student loan debt in the country and still provide an education to those whom want to seek it? Every summer millions of college students throughout the nation depend on Federal Financial Aid to help pay for school. In the midst of the election season the Republican candidate, Mitt Romney, voiced how he wants to end government funding. Currently, the nation provides direct government funding and Governor Romney is in favor of giving private banks and institutions the responsibility to provide student loans to those in need. Many people are deeply concerned with the issue at hand. Private Institutions vs. Government Disbursement The educational reform is a debate that is widely argued between the two presidential candidates. The current system of how student loans are disbursed in the United States is not perfect, but it is working. Both candidates are in favor of receiving higher education, but differ on how individuals should pay to learn. Throughout the presidential debates both candidates took a firm stand as to where they both stand on the topic of student loans and government funding. College tuition costs are increasing at a rapidly linear rate each and every year. The problem is college students today are taking on the burden of steep student loans and left without a job upon graduation. The average annual cost to attend a four-year...
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...Frequently asked Questions (FAQs) related to the Scheme of Padho Pardesh B: For Students 1. Who is eligible for this Scheme? Answer. Students who belong to minority communities viz. Muslims Christians, Sikhs, Buddhists, Jains, and Parsis and want to pursue higher studies i.e. Masters, M.Phil & Ph. D level abroad. 2. What will be the time period for interest subsidy? Answer. Interest subsidy will be granted for the period of moratorium (i.e. course period, plus one year or six months after getting job, whichever is earlier) as prescribed under the Education Loan Scheme of the Indian Banks Association (IBA). 3. What is the procedure to avail the benefit of the Scheme? Answer. Student can avail the benefit of the Scheme by following the given procedure:i) ii) iii) iv) Student should have secured admission in the University Abroad for pursuing Post-graduate Diploma, Masters, M.Phil or Ph. D level courses with the overall family income of not more than Rs. 6.00 lakh per annum. Family income means gross parental income in case of unmarried students and gross income of spouse incase of married students. Student should have to take the loan from any Private Bank, Public Sector Bank, Scheduled commercial Bank and member urban Cooperative Banks etc. who is a member of Indian Banks Association. Student should have the proof of belonging to a minority community (details at Q. No. 10). Student should inform their lending Banks that Ministry of Minority Affairs has launched...
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...bankrupt paying for it. Since the institutions are allowed to set rate on tuition it is only becoming more difficult for students pay. As a result, students have to seek alternative ways to cover the hefty costs. It seems as tuition went from affordable to sky high overnight and because of such an exponential increase it has forced a negative effect on students by: having to join the military, taking out student loans, developing health issues, and even selling drugs....
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