A student loan is designed to help students pay for university tuition, books, and living expenses. Because student loans are frequently subsidized by government, interest rates tend to be lower than other unsecured loans such as credit cards and the repayment schedule may be flexible. In the United States and in some other countries,[specify] student loans are difficult to discharge in bankruptcy because of fears of "abuse" of the system by graduates with high future income and few assets to lose. Concerns about abuse have generally been rejected by most bankruptcy scholars, who view these claims as anecdotal and unsupported by the data..
Tertiary student places in Australia are usually funded through the HECS-HELP scheme. This funding is in the form of loans that are not normal debts. They are repaid over time via a supplementary tax, using a sliding scale based on taxable income. As a consequence, loan repayments are only made when the former student has income to support the repayments. The debt does not attract normal interest, but grows with CPI inflation. Discounts are available for early repayment. The scheme is available to citizens and permanent humanitarian visa holders. Means-tested scholarships for living expenses are also available. Special assistance is available to indigenous students.
David L. Ramsey III (born September 3, 1960) is an American financial author, radio host, television personality, and motivational speaker. His show and speeches strongly focus on discouraging the use of debt.
Ramsey's syndicated radio program The Dave Ramsey Show is promoted with a tagline that "It's about your life and your money," and it is heard on more than 500 radio stations throughout the United States and Canada, as well as in podcast format and on XM and Sirius satellite radio. He has written numerous books. His books and broadcasts often feature a Christian perspective that reflects Ramsey's religious beliefs. Ramsey was named the 2009 Marconi Award winner for Network/Syndicated Personality of the Year.
Ramsey's company, The Lampo Group, Inc., is headquartered in Brentwood, Tennessee, and oversees three divisions geared toward financial counseling.
Ramsey has been featured on many media outlets including The Oprah Winfrey Show, 60 Minutes, and The Early Show on CBS. He recorded a pilot and six unaired episodes of The Dave Ramsey Project for CBS. He was the host of The Dave Ramsey Show, which aired at 8 p.m. ET and repeated weekdays on the Fox Business Network until June 2010.
Mark Cuban (born July 31, 1958) is an American business magnate. He is the owner of the National Basketball Association's Dallas Mavericks,Landmark Theatres, and Magnolia Pictures, and the chairman of the HDTV cable network HDNet. He is also a "shark" investor on the television series Shark Tank. In 2011, Cuban wrote an e-book, How to Win at the Sport of Business, in which he chronicles his life experiences in business and sports.
Cuban was born in Pittsburgh, Pennsylvania and grew up in the Pittsburgh suburb of Mt. Lebanon, in a Jewish working-class family. His last name was shortened from "Chabenisky" when his Russian grandparents landed on Ellis Island. Cuban's father Norton was an automobile upholsterer. Cuban's first step into the business world occurred at age 12, when he sold garbage bags to pay for a pair of expensive basketball shoes. While in school, he held a variety of jobs, including bartender, disco dancing instructor, and party promoter. He paid for college by collecting and selling stamps, and once gained about $1,100 from starting a chain letter.
Ronald Ernest "Ron" Paul (born August 20, 1935) is an American politician who has been the U.S. Representative for Texas's 14th congressional district, which includes Galveston, since 1997, and a three-time candidate for President of the United States, as a Libertarian in 1988 and as a Republican in 2008 and currently 2012. He is an outspoken critic of American foreign and monetary policies, including the Military–industrial complex and the Federal Reserve, and is known for his libertarian-leaning views, often differing from his own party on certain issues.
A native of Pittsburgh, Pennsylvania, Paul is a graduate of Gettysburg College and Duke University School of Medicine, where he earned his medical degree. He served as a medical officer in the United States Air Force from 1963 until 1968. He worked as an obstetrician-gynecologist from the 1960s to the 1980s, delivering more than 4,000 babies. He became the first Representative in history to serve concurrently with a child in the Senate when his son Rand Paul was elected to the United States Senate for Kentucky in 2010.