RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

Debt Regret: 3 Questions Students Should Ask

July 5, 2016 12:57 am


Student loan debt has ballooned to over $1.3 trillion, with more students than ever securing loans to finance a college education. The cost and results of that education—soaring tuition, burdensome debt and scant employment opportunities—have left some wondering, “Was it worth it?”

Post-secondary education is a necessary step on the path to higher earnings, but many with debt do not believe college was worth the cost, according to a recent survey by Consumer Reports—45 percent, to be exact. Of that percentage, 78 percent earn less than $50,000 a year, and 69 percent experience difficulty paying loans.

These findings present a cautionary tale for students entering college. Consumer Reports advises them and their parents to develop a financing plan that takes into account the following questions:

1. What do I want to get out of college?
2. How much will college cost?
3. How can I reduce costs?


It is crucial to enter college with a clear picture of your goals after graduation, according to Consumer Reports—taking “exploratory” classes or changing majors can cost thousands in unnecessary tuition.

The cost of college will be determined by several factors, including your academic transcript, your family’s financial circumstances, and the school you attend. To make the most economical decision, consider the bottom-line, “net price” of your education, Consumer Reports suggests.

Traverse all possible avenues to cut costs, too, Consumer Reports recommends. Is community college an option? Are scholarships available? Can studying abroad save you money? Factoring these measures into your plan can save you thousands in future debt and interest.

For more guidance related to student loans, visit ConsumerReports.org/StudentDebt.
 
Source: Consumer Reports
 

Published with permission from RISMedia.


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Is It Time to Evaluate Your Trees? Pt. 1

July 5, 2016 12:57 am


Having the trees on your property inspected regularly can help identify distress or decay before it becomes critical—and costly.

The Tree Care Industry Association (TCIA) (TreeCareTips.org) recommends hiring a trained arborist to conduct a formal risk assessment. Several risk assessment methods exist, but three are the most widely accepted in North America:

• International Society of Arboriculture (ISA) Tree Hazard Evaluation Method
• ISA Tree Risk Assessment Best Management Practice (BMP) Method  
• United States Department of Agriculture (USDA) Forest Service Community TreeRisk Evaluation Method

These methods are employed most often by tree care professionals, municipal forestry programs and government agencies. Before hiring an arborist, discuss which method will be used to evaluate your trees.

After the assessment, the arborist may give you a written or oral report with recommendations to mitigate any risks your trees may pose. Generally, there are three ways to reduce risk: removing the tree, treating the tree or treating the site. More than one option may be used depending on the situation, according to the TCIA.

An assessment is a wise step to take even if your trees appear safe, the TCIA adds. It is best to have a professional verify the safety of the trees on your property, especially if they hang over your house or other structures on your property.

In Pt. 2, we’ll take a look at the pros and cons of each assessment method.
 

Published with permission from RISMedia.


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