After a three-year pause, over 43 million Americans who have student loans are required to resume repayments in October. For many, adding a large expense to their monthly budget will make it difficult for them to buy homes, start businesses, and save for retirement. Foregoing monthly payments has become a serious consideration by many borrowers. While forgoing monthly payments may seem like a temporary solution, it is important to remember that the interest will continue to accrue, making the loan more difficult to pay off in the long run. There are a number of options available to borrowers.
“The student loan debt crisis is a serious problem for Texas families and businesses,” said Christina Randell, President of My Education Solutions. “We need to find ways to help individuals make their payments and get out of debt so they can focus on building their lives and contributing to the economy.”
“Choosing to not make a monthly payment will have strong repercussions in the long term. For example, the average interest rate for a federal student loan is 6.25%. An individual with a $60,000 student loan balance will accrue $3750 in interest in just one year,” said Randell. “It’s best that they just start paying to work down the balance owed.”
For those who are worried about the additional expense to their monthly budget, Randell stresses the importance of researching the options available: Loan Consolidation, Income-driven repayment (IDR) plans such as the SAVE plan, and Student loan forgiveness programs and waivers.
For busy professionals pressed for time and seeking to reduce the amount of their monthly payments, there is another option. Over 4,000 Clients have already turned to My Educations Solutions, a Student Loan Management Firm based in San Antonio. Founded in 2015, her company helps individuals navigate the complexities of the student loan industry. By listening to everyone’s unique situation, they can find the right Forgiveness program for them.
“We provide a service to help Clients understand their options and make informed decisions about their debt, plus we save them from having to deal with their loan Servicers by managing their loans on their behalf. The government and loan Servicers are trying to keep up. The average wait time for MOHELA is 45 minutes. Mistakes can be made,” said Randell.
“We’ve already helped Clients who’ve been initially enrolled in the wrong program, payment amounts being incorrectly reported, and past payments not credited correctly towards a forgiveness program. Our Advisors audit the accounts monthly to catch Servicer errors and work with them to rectify the problems for our Clients, saving them time, and money.”
“I was initially stressed knowing that I needed to make repayments this year. I was worried about being able to afford my monthly payments and still pay my other bills. My Education Solutions helped me understand the public loan forgiveness program and how to qualify for an affordable monthly payment and potential forgiveness after a certain amount of time,” states Chelsey Hernandez, a Texas resident who has a student loan balance of $27,000 remaining.
My Education Solutions’ has helped 462 Clients receive complete student loan forgiveness from the government, saving them an average of $88,247 as of 9/28/23.
According to the U.S. Department of Education, the total outstanding federal student loan debt is $1.6 trillion. The resumption of student loan repayments on October 1st is a significant event for millions of Americans. This is an opportunity for them to make progress on their debt and improve their financial situation. By taking the necessary steps to prepare and seek a student loan management firm to handle their programs, they can achieve their financial goals.
My Education Solutions is a Student Loan Management Firm that helps individuals nationwide and internationally achieve student loan freedom. They offer live support and assistance in navigating the complex student loan repayment and forgiveness processes.
If you would like more information on this topic, please contact Meisie Beauvais at MBeauvais@MyEduSolutions.com or call 210-686-2845.
My Education Solutions Meisie Beauvais 210-686-2845 MyEdusolutions.com
Following is the transcript of remarks by the Secretary for Education, Dr Choi Yuk-lin, at a media session after attending a radio programme today (April 22):
Reporter: Secretary, about combining the Caritas schools, are you aware of similar situations with other schools? What did the students think about it? Thank you.
Secretary for Education: As I have mentioned, we have kept communicating with different school sponsoring bodies with schools that are at risk under the declining student population. This (the merger of Caritas Wu Cheng-chung Secondary School and Caritas Charles Vath College) is the second case of merging schools. For the government schools, we have one already. And this is the second one. We are still communicating with different school sponsoring bodies. Maybe there are some others coming. For the students, I think they are aware of this arrangement. We know that schools have close contact with the parents and the students to make the necessary support and arrangements for the students, whether they will be transferred (to another school) or stay in the original school location.
(Please also refer to the Chinese portion of the transcript.)
The Dayne Yeager Scholarship for Entrepreneurs is now accepting applications for its scholarship fund for future entrepreneurship students located within the United States. This scholarship was created by Mr. Dayne Yeager, a successful entrepreneur for almost two decades, to give back to the future generation of entrepreneurship students. The scholarship aims to provide funding to a hardworking young student studying to become an entrepreneur, and to boost awareness for the challenges faced by these students on their journeys to reach that goal.
The Dayne Yeager Scholarship for Entrepreneurs is open to any student who is currently enrolled or has been accepted into an accredited college or university in the United States. Applicants must be studying entrepreneurship or a related field, and must have a minimum GPA of 3.0 on a 4.0 scale. To apply, students must submit an essay of no more than 1,000 words on the topic: “What inspired you to become an entrepreneur, and how do you plan to use your education to achieve your goals?” The essay must be submitted by the deadline, which is July 15, 2023.
One of Mr. Yeager’s most notable accomplishments is his role as General Manager and CEO of Performance Truck, a company that he co-owns. Under his leadership, the company has grown to become one of the leading providers of trucking services in the United States. Mr. Yeager’s business acumen and strategic vision have been instrumental in the company’s success.
In addition to his work in the business world, Mr. Yeager is also known for his philanthropic efforts. He is a strong believer in the power of entrepreneurship to drive economic growth and innovation, and he has made it his mission to support the next generation of entrepreneurs. To that end, he created The Dayne Yeager Scholarship for Entrepreneurs, a fund that provides financial assistance to students pursuing a degree in entrepreneurship.
The scholarship is designed to help students overcome the financial barriers that often prevent them from pursuing their dreams. By providing financial support to these students, Mr. Yeager hopes to make it easier for them to obtain the education and training they need to become successful entrepreneurs. He also hopes to raise awareness of the challenges faced by aspiring entrepreneurs and to inspire others to support the next generation of business leaders.
Through his work in the business world and his philanthropic efforts, Dayne Yeager has become a prominent figure in the entrepreneurship community. His dedication to the field has helped to promote innovation, economic growth, and social change. With The Dayne Yeager Scholarship for Entrepreneurs, he continues to make a positive impact on the lives of aspiring entrepreneurs and the future of the business world.
Deadline for Application and Announcement of Winner
The deadline for submitting applications for The Dayne Yeager Scholarship for Entrepreneurs is July 15, 2023. The winner of the scholarship will be announced on August 15, 2023. The scholarship award is $1,000, and will be paid directly to the winner’s college or university to be used for tuition, fees, books, or other educational expenses.
“We are excited to offer this scholarship to a deserving student who is passionate about entrepreneurship,” said Dayne Yeager. “We believe that entrepreneurship is the key to economic growth and innovation, and we want to support the next generation of entrepreneurs as they pursue their dreams.”
To apply for The Dayne Yeager Scholarship for Entrepreneurs, please visit the official Dayne Yeager Scholarship website.
Sunway RE Capital (“Sunway RE Capital”), a platform for international real estate investments of Sunway Group – one of Southeast Asia’s leading conglomerates, is pleased to announce the expansion of its student accommodation portfolio with the acquisition of a new freehold PBSA, Green Wood Court, in Southampton, UK, through its established and sponsored private trust established in Singapore, Sunway Residence Trust II.
Strategically located with a few minutes’ walk from the University of Southampton’s Highfield and Bolderwood campuses, the 233-bed freehold PBSA, Green Wood Court, also has a bus stop situated directly in front of the property that facilitates ease of access to the rest of the University’s halls and campuses, as well as established connection links to the UK and rest of Europe.
Green Wood Court has achieved a 100% occupancy rate for the academic year 2022/2023 and in 2018, Green Wood Court has been extensively refurbished with new carpets, bathrooms, showers, furniture, and fittings in 2018. Please see APPENDIX A of this press release for pictures of Green Wood Court.
There are opportunities for asset enhancement initiatives to add new studios within Green Wood Court and following the acquisition, Sunway RE Capital will be exploring its options to optimise the potential of this PBSA.
According to Universities and Colleges Admissions Service, universities in the UK are seeking to stabilise student numbers after a surge over the last two years amid the COVID pandemic. The trend is likely to continue in the coming years, as universities in the UK grapple with growing numbers of applications due to an increase in the number of 18-year-olds in the UK population. This is projected to continue for a decade, rising 2-3% almost every year with international student numbers growing as well.
Ranked as the 6th safest big city in the UK, the University of Southampton’s campuses are located in prosperous and green areas of Southampton. A global top 100 university, the University of Southampton is also ranked as one of the top 13 university in the UK with a community of over 6,500 international students from 135 different countries.
Post-acquisition, Sunway RE Capital owns and manages a portfolio of 5 PBSA assets (AUM of £75 million) with over 800 beds spanning across key cities in the UK.
Sunway RE Capital Chief Executive Officer, Dr. Tan Kok Heng, said:“The demand for quality education overseas continues to see a steady rise post pandemic and the UK remains one of the most popular destination for overseas students in the world.
With its 100% occupancy rate and limited supply of PBSAs in the area, the acquisition of the 233-bed Green Wood Court in Southampton, UK, marks an attractive addition to our PBSA portfolio and it is consistent with our fund strategy to achieve steady and stable income streams, with potential value-added upside through active asset management and enhancement initiatives.
Building on this momentum and the strength of Sunway’s track record and competencies, we aim to accelerate our efforts to scale up our platform to acquire additional yield accretive student accommodations in the UK, grow our AUM and extend our track record.”
For more information on Sunway RE Capital, please visit: www.sunwayrecapital.com
About Sunway Group
Established in 1974, Sunway Group is one of Southeast Asia’s leading conglomerates with 13 business divisions across more than 50 locations primarily in Asia. Our 16,000-strong team is committed to sustainable development and socio-economic progress through our diverse businesses including core interests in real estate, construction, education, healthcare, retail and hospitality.
Sunway is committed to advancing the United Nations Sustainable Development Goals and continues to align them with our Environmental, Social and Governance (ESG) targets as part of our corporate strategy and social responsibility towards driving the group’s long-term success and deepening our commitment to nation-building.
Our three public-listed companies — Sunway Berhad, Sunway Construction Group Berhad, and Sunway REIT, with a combined market capitalisation of RM 15 billion — form a real-estate value chain that exemplifies socially responsible business practices. For more information, visit www.sunway.com.my.
About Sunway RE Capital Pte Ltd
Sunway RE Capital Pte Ltd invests in listed and unlisted funds established in Singapore. Sunway RE Capital’s objective is to invest in real estate for recurring income along with a fund management platform. Its key investment focus is commercial properties and purpose-built student accommodation (PBSA) primarily in the United Kingdom. For more information, visit www.sunwayrecapital.com
Sunway RE Capital is also one of the sponsors of Elite Commercial REIT (ECR) which is listed in Singapore since February 2020 with a market capitalisation of £227 million. ECR is the first and only UK- Focused S-REIT which comprises 155 predominantly freehold quality commercial buildings (“Portfolio”) located across the UK with an aggregate value of £517.7 million. The Portfolio has a total net internal area of approximately 3.9 million square feet and a total site area of approximately 72 hectares. For more information, visit www.elitecreit.com.
About Sunway Residence Trust II
Sunway Residence Trust II, sponsored by Sunway RE Capital Pte Ltd, is a private trust established in Singapore that aims to create a stable recurring income with potential growth in net asset value to its investors. This fund approaches its acquisition strategy by a two-level approach namely geographical allocation and diversification of the portfolio as well as micro location of the assets.
With the primary goal being acquisition of assets within the Russell Group Universities cities, the trust carefully examines potential assets and their occupancy demand prior to their acquisition decision. Standing with a current portfolio of £75 million valuation, 828 beds, and less than 5 years of average asset age, Sunway Residence Trust II currently owns assets such as Green Wood Court, Redvers Tower, The Colston, Centre Gate, and Mansion Point. For more information, visit https://sunwayrecapital.com/portfolio/sunway-residence-trust/.
Issued on behalf of Sunway RE Capital by 8PR Asia Pte Ltd.
UCLA student Adria Stauber was announced as the recipient of the $5,000 BYD Build Your Dreams scholarship during the annual WTS-LA (Women’s Transportation Seminar) Scholarships and Awards Dinner. Stauber was recognized alongside like-minded individuals looking to pave the way for women in transportation-related fields this past Wednesday.
Stauber is a student at UCLA’s Masters of Urban and Regional Planning Program where she is pursuing a double concentration in Transportation Policy and Planning, and Design and Development.
“After graduating from UCLA’s Urban and Regional Planning Master’s Program, I hope to grow my career in transportation planning, working with local transit agencies to integrate sustainable transportation systems into the built environment,” Stauber shared. “This scholarship will help support me in my educational journey at UCLA, alleviating the financial burden that can accompany the pursuit of higher education.”
WTS-LA is a leader in supporting the next generation of female transportation professionals in Southern California. The organization has been awarding scholarships to recognize and encourage deserving women for over three decades.
Stella Li, president of BYD Americas and the WTS-LA 2018 Business Leadership Award winner, has committed $5,000 annually to create the Build Your Dreams Scholarship for undergraduates and graduates since 2018.
Stauber expressed how important the scholarship and opportunity is for her future.
“I am grateful for BYD’s support as I continue to pursue my educational and career interests at UCLA. As a queer woman of color, I ultimately hope to pay it forward to other women in transportation throughout my career, uplifting the voices of those who are often marginalized.”
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