FAP812: Free healthcare, free housing, and $80K salary jobs

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Student Financial Aid News
+ NASFAA: There is some confusion in the student aid community about whether FFELP loans made under the Ensuring Continued Access to Student Loans Act of 2008 (H.R. 5715) would retain any borrower benefits. The Act gives the Department temporary authority to purchase student loans when there is inadequate capital to meet borrower demand. The bill also makes changes to lender of last resort (LLR) provisions, which will also have an effect on borrower benefits made in the FFEL program.
+ Whether a loan is sold to the Department or originated under LLR, it is unlikely borrowers will see any front-end (reductions in origination fees) or back-end (reductions or benefits offered during repayment) benefits.
+ WSJ: Ambac and MBIA are on the razor’s edge - they guarantee bonds issued by lenders for sale on the market. A downgrade of these two guarantee agencies would lower the quality of a number of investments, sending a ripple effect through the economy.

Scholarship Update
+ Alesia writes in: Hey I was wondering if have come across a cross stitch scholarship or if one even exists?
+ Actually, yes, sort of. Cross stitch, I learned, is embroidery, and there are embroidery scholarships
+ Two Embroiderers’ Guild Scholarships of £1000 each are awarded annually to embroiderers to develop the practice of embroidery. One Scholarship is for embroiderers in the age category of 18 to 30 inclusive, and one is for embroiderers over 30 years of age.
+ The Guild defines embroidery as being all work stitched or derived from stitch. All applicants should have studied the practice of embroidery or stitched textiles through formal or informal learning.
+ The Scholarships are to support embroiderers to undertake projects which further their own embroidery practice.
+ Working with the Embroiderers’ Guild during the Scholarship year provides each Scholar with opportunities to be introduced to the Guild’s network of Members, Branches and practising professionals. The Guild holds additional funding to enable them to participate in Guild activities.
+ Deadline February each year
+ Details at our free college scholarship search site

JobCast
+ The new eBook is out! Visit graduatecenter.com/careers to get your copy
+ There are some jobs and sectors out there which are just astonishing
+ What would you say to a job that included: free healthcare, free housing, $50,000-$80,000 a year, low cost of living, on the job training with no experience required
+ Working on a farm in North Central Kansas - just about everything’s free or low cost
+ Becky McCray highlights rural workforce issues
+ From GL Hoffman’s JobDig
+ If you find after graduation that earning a living at entry level is tough, jobs like this, while a lot of hard work, may be just the thing for a few years while you get student loan debt paid off - low costs of living, widespread internet access via satellite, cable, or EVDO
+ If you find yourself at a career crisis or dealing with stuff like foreclosure, this kind of thing is also a good option
+ There are a lot of fields, a lot of professions, with serious labor shortages, and geographically, serious labor shortages. As is typical in a recession, there’s a move back to cities.
+ There are also lots of opportunities for innovation, too

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Reminders
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+ Financial Aid Podcast Show Notes at FinancialAidPodcast.com.
+ Free scholarship search secrets eBook at StudentScholarshipSearch.com/ebook
+ Open an FDIC-insured savings account today!
+ Private student loans available at any time - visit AlternativeStudentLoan.com
+ Student credit card information at StudentPlatinum.com
+ FAFSA form tutorials and free help at FAFSAonline.com
+ Edvisors Jobs
+ Grad student? Get graduate financial aid information at the GradLoans.com blog!
+ Stafford federal student loans at StaffordLoan.com
+ The Financial Aid Podcast is a publication of the Student Loan Network.

I want to hear from you! Email me at financialaidpodcast {at} gmail {dot} com, visit http://www.FinancialAidPodcast.com, or call 206-350-1208.

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