Page 4 June 24, 2021 EL SEGUNDO HERALD
Seniors Finance
SMC from page 2
A SpaceX Falcon 9 launch vehicle, lifts off from Space Launch
Complex-40 at Cape Canaveral Space Force Station at 12:09 p.m.
EDT (9:09 am. PDT) June 17, carrying the fifth Lockheed Martinbuilt
Global Positioning Systems (GPS) III Space Vehicle (SV05)
for the U.S. Space Force to Medium Earth Orbit. (Photo: SpaceX)
A SpaceX Falcon 9 launch vehicle clears the lightning towers around Space Launch Complex-40 at Cape Canaveral Space Force Station
after lifting off at 12:09 p.m. EDT (9:09 am. PDT) June 17, carryingthe fifth Lockheed Martin-built Global Positioning Systems (GPS)
III Space Vehicle (SV05) for the U.S. Space Force. (Photo: SpaceX)
A SpaceX Falcon 9 launch vehicle, carrying the fifth Lockheed
Martin-built Global PositioningSystems (GPS) III Space Vehicle
(SV05) for the U.S. Space Force, powers its way to Medium Earth
Orbit after an on-time liftoff at 12:09 p.m. EDT (9:09 am. PDT)
June 17 from Space Launch Complex-40 at Cape Canaveral Space
Force Station. (Photo: SpaceX)
Under the power of nine Merlin engines, a SpaceX Falcon 9 launch vehicle, carrying the fifth Lockheed Martin-built Global Positioning
Systems (GPS) III Space Vehicle (SV05) for the U.S. Space Force, lifts off from Space Launch Complex-40 at Cape Canaveral Space
Force Station at 12:09 p.m. EDT (9:09 am. PDT) June 17. (Photo: SpaceX)
“During the past few decades, modern technology, with radio, TV, air travel, and satellites, has woven a network of
communication which puts each part of the world in to almost instant contact with all the other parts.”
– David Bohm
Tips To Pay For Your
Child’s College Education
(BPT) - College tuition bills are due right
around the corner. It’s true that college can
be expensive, but knowing all of the different
financing options available and making
a plan can help you and other parents find
peace of mind.
However, it’s easy to feel overwhelmed
as you and your child evaluate the options.
According to a recent survey by College Ave
Student Loans, 71% of parents feel overwhelmed
by the cost of college. Fortunately,
you can ease these stressors by exploring
your options and selecting the ones right
for you.
“Even with college funding plans in place,
seeing your first tuition bill can be a shock,”
said Joe DePaulo, CEO and Co-Founder of
College Ave Student Loans. “After all, it’s
one of the biggest investments you can make
for your child’s future. Being aware of all
the financing options that are available to
you can help make the process less stressful
and create a path forward on how to cover
college costs.”
The best payment methods will often depend
on your financial situation, but before you
make your decision, here are a few options
to consider:
If your child is looking to apply for
college financial aid, the first thing they should
do is fill out their FAFSA form. The Free
Application for Federal Student Aid (FAFSA)
helps the federal government, states and
colleges determine how much financial aid
your child qualifies for, including accessing
federal student loans.
The new 2021-2022 FAFSA form is available.
And because some states and schools
have limited funds, it’s crucial to fill out and
submit your forms sooner rather than later.
If your family’s financial situation recently
changed due to a job loss or a drop in income,
you may be eligible for adjustments
regarding your financial aid.
Some people think that if their child isn’t
a straight-A student, they won’t qualify for
scholarships. However, that isn’t entirely true.
Grants and scholarships are the most common
methods families use to pay for college,
according to the College Ave survey. There
are many types of nonacademic scholarships
that are available based on things like:
• Extracurricular activities
• Community scholarships
• Random prize drawings
Websites like Fastweb, Scholly, Cappex
and UNIGO all have resources for finding
scholarships that fit your child’s needs. College
Ave Student Loans also offers a $1,000
monthly scholarship sweepstakes.
Grants are like a scholarship that come
How To Help Senior Loved Ones Protect
Themselves From Financial Abuse
(BPT) - An often-overlooked aspect of
elder abuse is cybercrime - and it’s a problem
that’s getting worse.
In 2020, the FBI reported a record amount
of cybercrime complaints - nearly 800,000
- adding up to over $4.1 billion in losses.
More than half of those losses were suffered
by people aged 50 and older.
“The financial consequences are staggering,”
said DJ Johnson, senior vice president of
financial crimes risk management at Charles
Schwab. “It’s something we all need to
prioritize, dedicate resources to address and
work closely on to prevent.”
The FBI data shows that, on average,
Americans aged 50 and over lost nearly $5
million every single day, or nearly $3,500
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