It’s Not Too Late for a Summer Job

If your teen has not gotten a summer job by now it is definitely time. Don't let him or her slack off all summer. You are only teaching him or her that it is aright to be a bit lazy. Also you if you have a kid about to go into college you are wasting valuable time that could be spent earning income.

There are a couple of things that you can do to help your teen find summer work. This is good to keep your teen busy over the summer. They earn cash and learn responsibility. The money they make can go towards saving for college or even to you depending on what your circumstances dictate. Unfortunately poverty is such a problem in the United States that many teens work just to support families instead of saving for college.

Still they are not far away from that time in life when they will have to become full-fledged workers in society. This means developing a work ethic and sense of discipline. The more varied the businesses are that your teen works in the better of he or she will be. Being employed also keeps your teen off of the street and teaches them to be self-sufficient.

You can help your teen find a summer job. Half the time it is just asking the local business or friends who own local businesses if thinned help. You can also put your heads together with your kid's teacher or guidance counselor to figure out what might be a good place for him or her to look for a job. Often the schools know if any local factories or corporations are hiring and what companies are offering special student programs.

I always try to get my teen some kind of outdoor job so that he or she is not cooped up in an office mall or basement of some kind all summer. I try to help him or her find a job I would like and that still offers them chance to get some fresh air. Witnessing on a patio or landscaping is good jobs for that.

Once your teen gets a job they have an opportunity to learn how to take orders, how to rune business and how to deice what field of business they might want to go into after high school. It also gives them a chance to see how easy or hard certain businesses may be.

As a parent I know I want the very best for my teen. That is why I step in to help her find a job. I don't care if others see me as meddling. I only want her to get as much experience as possible and to be as autonomous in life as possible.

Paying Off Parent Plus Student Loans

If you have a teen going into University and a bunch of kids down the lien going into school then you will probably want to know about the Parent Plus Student Loanda.

A Parent Plus Student Loan is a kind of federal student loan that is taken out by a parent on behalf of a child. These loans are never transferred to the student's names after they graduate. As the mom or dad you are always responsible for them.

This means that the student has absolutely no obligation to pay this loan, which kind of takes the pressure off the kid. But not off me. The parent loan is the easiest type of loan to get because of this. Thankfully student loan consolidation and refinancing measures are available for this type of parent-sponsored loan after you have had one out for a few years.

These loans can be gotten easily and very cheaply at low interest rates. However there is a hitch. There is no grace period of three months or so after the student graduates. Payments on these types of loans start immediately. You need to be ready with the money. However the sooner you pay it off the easier it will be for you in the long run. The sooner your kid gets a job after graduation the sooner you will be able to get payments from him and her as well.

Just as an aside it is also important to know that this type of Parent Plus student loan can never be a joint loan that is arranged between one parent and another. It can only be taken out by one parent – either the mom or dad. Two people cannot be responsible for it and only one name can be on the signed form. This is true even if the parents have been married for forty years.

Also these loans require a bit of paperwork. You have to take out one for each school year. So this means that the one parent will apply for the school loan four years in a row. This loan is typically acquired in the summer and half of the student loan is released out of an escrow type fund to the student in the fall and the other half in the spring.

I have the secret to cutting the interest on these student loans. You can immediately refinance them as soon as the second half of the loans is given to the student in the Spring. For example took out a Parent Plus loan in the first year. As soon as the second half of the loan is released you will begin to pay it off. Then your child may enter a second year of school. During that time you will likely take out a second loan. The secret is to take those two loans and consolidate them into one. Your payment will be much lower if you refinance the two loans into one rather than pay them both off separately.