Student Debt Management Loan: Solution For A Tension Free Survival}

Filed Under (Financial Services) by GsNn29 on 09-04-2017

Student debt management loan: Solution for a tension free survival



One equation common in a student’s life is of unbalanced economic status, where the expenses are ever increasing and the monetary sources are limited. A student is supposed to handle various expenses such as education fee, hostel charges, college charges and numerous other basic monetary requirements. Hence a regular supply of funds is highly needed. But not every student is lucky to have the convenience of good back up financial support. Thus, under such situations they tend to take loans and with no regular inflow of cash, these loans soon take the shape of debts. Therefore, to take care of their own expenses, students can now use the easy option of student debt management loan.

Almost all leading financial institutions, money lending agencies and banks are dealing in the service of student debt management loan and every finance company has its own set of rules and regulations. Hence, it is compulsory for the student to conduct a planned market research. In fact, for more fruitful results, you can also take the valuable advice of a financial advisor. However, as this loan scheme is specifically designed for students, they do not have any complicated clauses and requirements. Students are free to enjoy the absence of collateral procedure and no income proof is required to be submitted. The only pre requisite tailored for this loan is the presence of a guarantor who can take the responsibility of loan repayments. Therefore, if you are looking for a decent loan assistance that can take care of your debts and also offer you a substantial amount of funds then you just have to apply for the very beneficial student debt management loan.

Student debt management loan not only provides financial assistance to the student but also offers allow them to lead a tension free life. Instead of getting troubled between work and studies, they can easily opt for full time regular courses with the availability of this loan. Moreover, it also provides the students with a chance of improving their poor credit report. In addition to this, you can also draft a request for a good debt management plan. The financial experts of your preferred money lending agency will formulate a decent well managed plan. This plan will help you in dividing your total loan amount and making easy installments to all your previous lenders.

Students can make a summarized track sheet of their debts and lenders. This sheet will be very helpful in convincing the lender. Further, it is easy to apply for a student debt management loan. You are simply required to log on the website of your chosen lender and then click on the option of online application form. Fill up this form with your personal information such as contact details, age and guarantor’s information. If you face any sort of problem or misunderstanding while completing this form, you can immediately contact the customer care division that is available for 24 hours. The executives will answer all your queries and problems with appropriate solutions.

Ashton Gabriel is a financial expert dealing with debt management and has carved out a career by providing apt consultation on debt management help and debt management. To know more about Debt management,credit card debt management,

student debt management loan

and business debt management visit

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Student debt management loan: Solution for a tension free survival


Private Annuities And Self Canceling Installment Notes

Filed Under (Financial Services) by GsNn29 on 19-02-2017

By Julius Giarmarco

Private annuities and self-canceling installment notes (‘SCINs’) are both effective wealth transfer planning techniques. There is a present lapse in the estate and generation-skipping transfer taxes, but it’s likely that Congress will reinstate both taxes (perhaps even retroactively) some time during 2010. If not, on January 1, 2011, the estate tax exemption (which was $3.5 million in 2009) becomes $1 million, and the top estate tax rate (which was 45% in 2009) becomes 55%. While similar in many respects, each technique has its advantages and disadvantages when compared to the other. Following is a brief description of private annuities and SCINs.

Private Annuities.

In the typical private annuity transaction, a parent (the ‘annuitant’) sells property to a child (the ‘obligor’), in exchange for the child’s unsecured promise to make periodic payments (the ‘annuity’) to the parent for the balance of the parent’s lifetime. The amount of the annuity is computed using the fair market value of the property sold, the annuitant’s life expectancy, and the IRS’s published interest rate for the month of the sale.

As long as the present value of the annuity received is equal to the fair market value of the property sold, there is no taxable gift. Where a hard to value asset is sold (i.e., an interest in a closely held business) an independent appraisal must be obtained.

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In addition to avoiding gift taxes, a private annuity removes all appreciation on the property sold from the annuitant’s estate, and even some of the property sold itself, depending on when the annuitant dies. The reason for this is that private annuities are designed to cease making payments at the annuitant’s death. Unless there is a 50% probability that the annuitant will die within one year, the parties are permitted to use the government’s actuarial tables to determine the present value of the annuity. For, an annuitant who is not in good health, but likely to live at least one year, the government’s mortality tables will be more advantageous (from an estate planning perspective) than using the annuitant’s actual life expectancy.

Until April 18, 2007, the annuitant was able to report the built in gain on the property sold piecemeal as part of each annuity payment when received. Under current law, the entire amount of the annuitant’s gain or loss (if any) must be recognized at the time of the sale. To avoid having the annuitant come up with cash to pay the capital gains tax, the sale could be structured with a down payment (to cover the capital gains tax) and the balance in annuity payments (which are divided into tax-free return of capital and ordinary income).

Self-Canceling Installment Notes.

A SCIN is a promissory note (usually between family members) that by its terms is canceled at the death of the seller-creditor. The advantage of a SCIN over an ordinary promissory note is that if the seller dies before the note is paid, the unpaid balance of the note is not included in his/her estate.

In order to avoid a taxable gift at the time of sale, the purchaser must pay a risk premium to the seller for the cancellation feature. The premium can be in the form of a higher purchase price or a higher interest rate. Unfortunately, there is little authority as to how to calculate the premium, but the premium will be a factor of the seller’s life expectancy, the term of the note, and the IRS’s published interest rate for the month of the sale.


The ideal candidate for both private annuities and SCINs is a person with a taxable estate and a life expectancy that is shorter than the IRS published life expectancy for an individual of the same age. The planned objectives for both techniques are three-fold: (1) removing the future appreciation in the assets sold from the annuitant’s/seller’s estate; (2) removing the unpaid balance of the sales price from the annuitant’s/ seller’s estate (in the event of his/her premature death); and (3) avoiding any gift tax on the sale.

Each technique, while similar, has downsides and costs that must be understood. Therefore, it is essential to weigh the pros and cons of each alternative.


About the Author: Julius Giarmarco, J.D., LL.M, chairs the Trusts and Estates Practice Group of Giarmarco, Mullins & Horton, P.C., in Troy, Michigan. For more articles on estate and business succession planning, please visit the author’s website,

, and click on ‘Advisor Resources’.


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