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Saturday, January 12, 2013

Goverment has lost thousands of personal information of people who borrowed Canada Student Loan Program

The Ministry of Human Resources and Skills Development Canada has lost a hard drive with the personal information of hundreds of thousands of people who borrowed Canada Student Loans Program.

Portable hard drive contained names, dates of birth, social security numbers, addresses and 583,000 students borrowers of Canada Student Loans Loans balances for the period 2000-2006. It also contains the personal data of 250 employees of HRSDC.

In a statement, the department says there is no evidence that the data are accessed or misused. No transfer or medical information was on the hard disk. The same apparatus was used as a backup storage for the data.

The hard drive missing Nov. 5, 2012, during an investigation into an incident of private life such distinction between HRSDC. The incident was reported to the RCMP 7 January 2013, according to a press release.

HRSDC will letters to victims, even as they. No contact information for all courses the department encourages people to a free number to call to see if they are interested and have any questions on this subject.

24:00 ET Information: From Monday, January 14, 2013, people 1-866-885-1866 (or 416-572-1113 outside North America) calling 08.00-8.

Information borrowers Quebec, Nunavut and the Northwest Territories was "not on the disk, because the provinces and territories of their own programs of student loans.

"I know all Canadians, I want to express my disappointment with departmental officials in this episode unacceptable and avoidable in the processing of personal data of Canadians." So I departmental officials sentenced to a series of take immediate action to ensure that such a situation does not happen again, "said Diane Finley, Minister of Human Resources and Skills Development in a statement.

Some of the new security policy of the department include a ban on portable hard drives and USB sticks are not approved mandatory training for all staff on the handling of sensitive documents and further disciplinary action against the staff.

More information about World News: World News | Government loses personal data of half a million student borrowers

Wednesday, July 25, 2012

Examine Your Options for Student Loans

The decision to go to a college or university, there are several financial factors play an important role in the amount of money to live. These include tuition, fees, room and board, books and other expenses for personal items, such as Internet access, dry cleaning and laundry, entertainment and transportation. According to the College Board, the total cost of college last year (2005-2006) an average of $ 11,000 for a two-year school and $ 14,000 for a four-year college. Private universities cost an average of $ 30,000 per year. There is also an expected increase of 5.8% per year due to inflation. Grants and loans are often the most important key to ensure successful training. In fact, there are many resources for student loans, that will help you get the money to the college of their choice to participate and focus on your future lies.

One of the most common ways to get a student loan is through public support. These types of loans are available through federal and state governments, unlike private lenders. Most federal aid is awarded after the identification of student needs. The American DEP (Department of Education) made more than $ 67,000,000.00 ($ million) available for loans, scholarships, cash and loans to college students each year millions of students and their families to pay "higher education.Receive a federal government loan often involves performing a series of different forms in an application package, the number depending on the needs of the applicant. Once you have completed applications to begin the process that your application is finally approved for a loan or grant. This approval is valid for one year, starting next year. To qualify for financial aid, you must have a high school diploma, he enrolled in college for a number of hours, show that you are a GPA (average) to keep in the classroom, and be a U.S. citizen  

A type of federal student loan program loan is the Federal Stafford Loan. This will be a few students, who then begins to be repaid six months after graduating from college or university. Another popular loan is the loan. These loans are available, but will depend on the student's financial need. As the student remains enrolled at least half the time in college and can demonstrate financial need, are eligible for a loan. Another type of student loan is ready. This student loan is not dependent on financial need and requires that parents of a student loan to pay within a specified period of time.You may also consider other student loans. 

 Some of the alternative forms of loans that students can benefit from its aid programs based on campus, also known as a Perkins loan. These types of programs sponsored by the College or are direct loans or cash, and are administered by universities or colleges. Federal funds are available for schools and colleges, therefore entitled to the money as loans or grants to be distributed according to the best judgment of schools based on the needs of their students. If any of these types of student loans, you are entitled to vocational training will get you a job on campus, grant or Federal Perkins Loans have.  

These types of loans depends entirely on the needs of a student, and the amount of money was allocated to the school.All government loans can be ordered online through the Free Application for Student Aid (FAFSA) website. Applications for student loans should always be presented in early March to qualify. Your request will start the procedure that the type of government student loans qualify for the correction. 

 Once a decision about your eligibility, you will be notified by e-mail indicating which types of student loans are available to you, and in what quantities. Then you have the ability to accept or reject each offer the amount you can borrow for the year. "There are other types of loans which can be applied, which are not government funded or are based. These are loans offered to students attending private colleges or universities. In most cases, these loans have higher interest rates in recent years of the loan, but if there is enough money coming from federal funds for which have been recorded, these loans can be a viable option and may have moved to through the school. These types of loans require some research and fill out additional application forms, because they come from a private lender.  

Note: You must apply to everyone without having a copy for your records. This is not just good business, but also provide a benchmark for your personal information, please fill in various forms in the future.The loans offered by the government and the private sector are a great way for you to get a college education without having to worry about the high cost of education or the effects of inflation. For latest information, please contact the financial aid office of the university or the creator of the date of the student loan.

Thursday, February 9, 2012

Things to Consider when Searching for a Personal Loan

afford a vacation, pay for a college course, or pay for anything else that has become a financial issue for you. While personal loans are easy to obtain, there are many things borrowers need to consider before accepting the terms of a personal loan. Too often, borrowers are in a hurry for fast money and accept the first personal loan they are offered. The result is suffering with the consequences of that poor choice for the term of the loan.

The first order of business is to realize that there are two types of personal loans, unsecured and secured. Secured loans are available to individuals with poor credit or no credit. This type of loan requires you to put up collateral in the event you default on the loan terms. Unsecured loans are offered to those who have good credit and a solid income. There is no collateral involved, but the lender will take you to court if you default on the loan terms.

All loans have an Average Percentage Rate, known as APR. Most people think all APR does is affect your interest rate. However, it also shows the lending fees, set up costs, and any other hidden fees of the loan. Each fee has to be itemized and identified by order of the Federal Trade Commission. This is the best method for determining the true cost of a loan. Therefore, it makes the perfect tool for comparing personal loan offers to find which one really is offering you the best deal.

Carefully consider the amount of money you need to borrow. Make sure you can afford the monthly payment on a regular basis. Most lenders will approve your loan amount for more than you need to entice you to borrow more. This way, they will earn more money from you in interest over the life of the loan. It can be tempting to take what is on the table, but remember that it isn’t free cash. This is money you are responsible to repay. If you have a secured loan you will need to remember that your assets are tied up in that loan as well.

While it is recommended to repay a personal loan as quickly as possible to save interest fees and establish good credit, make sure you thoroughly read all the terms of the loan. Do not accept one that will charge you fees or penalties for early payoff of the loan.

Your credit rating will follow you for the rest of your life. It can be a blessing or it can haunt you depending on how you run your affairs. Be prepared for the unexpected to help you repay your personal loan. There is insurance you can take out that will cover your monthly payments if you lose your job or can’t work due to an injury. This is worth looking in to.

If you find yourself unable to make a personal loan payment, contact the lender. They will do all they can to work with you. They want to get the money back and keep you from getting a bad credit rating. Hiding from creditors or ignoring letters from them is the wrong thing to do in such a situation. Accept responsibility and see what can be done.

Personal loans are a great source of funds when you need them. Take the time to comparison shop, only borrow what you need to, make your payments on time, and let your creditors know of any situations that arise. Following these tips will ensure your personal loan transactions go smoothly and that your credit is not damaged.

If you have questions about personal loans, the internet is a great source of information. You can also contact a lending institution for brochures or a one on one discussion. It is in your best interest to have all the facts beforehand.