Forgiving Student Loan Debt Essay examples - 822 Words

Does the amount of student loan debt have an effect on the economy? If so would forgiving student loan debt help lower the national debt or would it just increase it? According to Mary Claire Fischer, a writer for Kiplinger’s Personal Finance magazine, â€Å"two-thirds of students who receive bachelor’s degrees leave college with debt in tow† (Fischer). Among these students, the average amount owed is twenty-six thousand dollars (Fischer). There is a six month grace period after graduation to allow the student time to find a job and programs to try to help eliminate debt. â€Å"The Consumer Financial Protection Bureau estimates that one-fourth of the American workforce may be eligible for repayment or loan forgiveness programs† (Atteberry). The†¦show more content†¦These budget cuts often effect the teachers by their salary. Also, if the teacher in the Teacher Forgiveness Program got laid off because of budget cuts before their five years where up then none of their loan would be paid. Another option that students with debt may take would be joining the military. The military has its own loan forgiveness program. Another thing that the military has is strict rules about who can be in the military. People in the military rather it is the Army or the National Guard have to be healthy. It is not someone’s fault if they are not in perfect condition because for the most part our health is out of our hands. Basic things like not smoking can help prevent someone from being unhealthy, but no one can avoid their family history when it comes to their health. The best options right now for a student with debt is to apply to the Income-Based Repayment Plan or the Public Service Loan Forgiveness Program if going into a public service job. This program adjust the loan payments to be fifteen percent of their discretionary income (Atteberry). This means that their monthly loan payment is fifteen percent of what they make that is abov e the federal poverty level. The best part about this program is that â€Å"after twenty-five years after making payments, the borrower’s remaining balance if completely forgiven† (Atteberry). The only borrowers that can apply to the Public Service Loan ForgivenessShow MoreRelatedIs Forgiving Student Loan Debt A Good Idea?1009 Words   |  5 Pagesnew media, Kayla Webley, in her essay â€Å"Is Forgiving Student Loan Debt a Good Idea?† states Robert Applebaum’s solution for student loan debt is a â€Å"radical and wildly unfeasible solution† in both economically and politically. Applebaum’s proposal is to â€Å"provide a one-time bailout of student debt†¦as a way to stimulate the still-limping economy.† However, Webley counters the solution has to have â€Å"the purported benefited and fairness of a one-time student loan bailout.† In Webley’s essay, in the sixthRead MoreIs Forgiving Student Loan Debt A Good Idea?1227 Words   |  5 Pagesnew media, Kayla Webley, in her essay â€Å"Is Forgiving Student Loan Debt a Good Idea?† states Robert Applebaum’s solution for student loan debt is a â€Å"radical and wildly unfeasible solution both economically and politically. Applebaum’s proposal is to â€Å"provide a one-time bailout of student debt†¦as a way to stimulate the still-limping economy.† However, Webley counters that the solution has to have â€Å"the purported benefited and fairness of a one-time student loan bailout.† In Webley’s essay, in the sixthRead MoreIs Forgiving Student Loan Debt A Good Idea?970 Words   |  4 PagesMONEY In the article â€Å"Is forgiving student loan debt a good idea† by Kayla Webley, a writer for Time, Webley feels that from a human standpoint forgiving student debt holds some appeal (2). Kayla Webley refers to Robert Applebaum who started a petition in 2009 with a petition of nearly 670,000 signatures. The comments from persons posting the petition are quoted as â€Å"guessing this will never happen but it can’t hurt to sign on† (1). Burdened with an estimated $88,000 in debt, Applebaum’s proposal isRead MoreIs Forgiving Student Loan Debt A Good Idea?972 Words   |  4 PagesAnalysis of Is Forgiving Student Loan Debt a Good Idea Many people would love to have their student loans debt forgive but do not believe it will happen. So Kayla Webley decided to write an article about student loan forgiveness, at the time Webley wrote the article she was the education correspondent for Time magazine. Now she is currently a staff writer for the same magazine. In her article, she claims that the student loan dilemma that is facing a lot of Americans is a problem for your countryRead MoreIn The Short Essay, â€Å"Is Forgiving Student Loan Debt A Good807 Words   |  4 PagesIn the short essay, â€Å"Is Forgiving Student Loan Debt a Good Idea?† by Kaya Webley, she illustrates through validations that student debt is a problem, but Applebaum’s proposal brings about political and economic problems. One of her validations is that most people can afford their student loans. She also states that only a small handful of graduates leave school with an unbearable student debt. Webley touches upon programs that are already in place to help pay off college debt. Another one of her validationsRead MoreIntroduction. In The Recent Years, There Has Been An Increasing1016 Words   |  5 Pagespaying tuition fees for college students. This has been brought about by high cost of living and inflation. In addition, college tuition fees today as compared to 50 years back have increased exponentially. As a result, more students are opting to applying and taking student loans provided by the federal government. Consequently, statistics show that the amount of student dept is souring. This has led to economists start debating on the impact the ever-increasing student dept has on the economy of theRead MoreStudent Debt Is Tough And Federal Loan865 Words   |  4 Pagesfederal loan forgiveness only applies to federal Direct Loans, not private student loans. If the graduate is lucky enough to land a public service job the graduate must realize that there is no guarantee that the employment will still be around in ten years since no one truly knows how the program will work or if it will work at all. Val Meyers, associate director for the Office of Financial Aid at Michigan State University comments are recorded in Susan Tompers’ article â€Å"My Apologies: Forgiving StudentRead MoreEssay on Student Loan Debt Should be Forgiven1256 Words   |  6 PagesDoes the amount of student loan debt have an effect on the economy? If so would forgiving student loan debt help lower the national debt or would it just increase it? According to Mary Claire Fischer, a writer for Kiplinger’s Personal Finance magazine, â€Å"two-thirds of students who receive bachelor’s degrees leave college with an average debt of twenty-six thousand dollars† (Fischer). This means that the average student debt has doubled since 2007 (Ross 24). The total student loan debt is $1.2 trillionRead MorePros And Cons Of Student Loan1256 Words   |  6 PagesApplebaum laments that from the stu dent loan industry point of view, the student debt is there to help the loan providers amass funds from the youngest, economically vulnerable and financially unstable of which graduates form the majority. The loans have come with immense opportunity cost as the â€Å"educated poor† are not able to buy homes, invest or innovate, start businesses or engage in economically viable activities while the few up the echelons of power are benefiting. Tuition rates have escalatedRead MoreStudent Loan Is A Terrible Idea1308 Words   |  6 PagesStudent loan forgiveness is a terrible idea. Sure, in an idealistic world it would be great if the country could forgive all student loan debt and thus bring relief to all students across the nation. Realistic? Not necessarily! Instead of the fairytale notion of student loan forgiveness being the answer to all the problems, America would fair better in taking the initiative in making reforms to the educational loan system that are a bit more rea listic. Student loans are a massive predicament in the

Management Team Business Operations - 1391 Words

Management Team In Business Operations The management team in our business includes the Chief Financial Officer, the Sales Manager, the Marketing Director, the Human Resources Director, the Chief Technology Officer, and the Chief Executive Officer. The Chief Financial Officer is the one responsible for the budget and the accounting systems of the business. A growing company needs a CFO in its management team because the cash position and assets of the company have to be monitored and husbanded properly. In addition, there are many financial reports required by stockholders, stakeholders and various agencies of the government. The Sales Manager is very important in the operations of the company as the success and profitability of a†¦show more content†¦A CTO or Chief Technology officer is now an essential part of the management team, as effective presentations and reporting are now reliant on modern technology. A company’s web presence and social media presence is also an essential factor in a companyâ⠂¬â„¢s growth and success in this age of modern technology. Maintaining customer data, personnel data, and product specifications is also dependent on technology. The Chief Executive Officer or CEO charts the business’ strategic vision and sets the milestone towards the company goals. His effective leadership is responsible for the positive results produced by the rest of the team. He recognizes the strengths and weaknesses of the team members and is able to draw on individual strengths to constitute a strong team. The team concept, group dynamics, and the strengths and weaknesses of business teams The concept of the team is for people of different expertise to interact, share their individual expertise, and collaborate for the success of the business enterprise. The dynamics of the group are the unseen forces existing in a team which can greatly influence the way the team will behave, react to situations or perform. Some of the factors that can influence team dynamics include individual personalities of the members of the team, the team operation, the way the team view itself, and the organization of the team.

Facebook Case Study free essay sample

Some might even use it to spy on their partners, triggered possibly by romantic jealousy (Darvell, Walsh and White, 2011; Elphinston and Noller 2011, 631). Others use it as a platform to advance various social and political causes by creating public Facebook pages. Lynas is an Australian listed company with ambitions to process rare earths in Malaysia. Concerned about the carcinogenic effects of the post production waste, multiple Stop Lynas Save Malaysia (SLSM in short) Facebook pages have been created by various Malaysian green groups (Stop Lynas, Save Malaysia Facebook page, 2013). The resultant groundswell and widespread publicity on mainstream media could have well contributed to the share price slide over the last two years (Lynas Corporation Price Quotes, 2013). This case as well as the iconic Arab spring uprising in Egypt Tunisia has clearly demonstrated the edge that Facebook has given to the small man on the street by conferring them a voice for their cause, even with limited cash (Chokoshvili 2011, 22-23). In a nutshell, Facebook is one of the top 4 new social media platforms (the thers being Youtube, Twitter and LinkedIn) that allows for users to interact, influence 2 and exchange information, with the aim to increase their social capital (Dutta and Fraser 2009, 2; Macnamara 2010, 7). The implications of Facebook users behaviour Millions of users are susceptible to potential data abuse by cybercriminals, identify fraud as well as identify thefts should their accounts be hacked (Richmond, 2010). Loss of privacy and bad publicity are also key issues when individuals tap on the social media highway. The recent cash-for-tweet saga by the South Australia Tourisms paid tweets to generate publicity for Kangaroo Island backfired, is a case in point (Ward, 2012, 39). Facebook addictions (Griffiths 2012, 518) seems to be a growing concern many have gone on digital breaks, Some users have even decided to flick the click permanently as life priorities changes (Kippist, 2013), while some users have complained about cyber bullying (Walker, Sockman and Koehn 2011, 35; Widdup 2010, 62). Facebook has somewhat returned some power to consumers as the millions of users brag, bag and promote brands voluntarily, acting like being a brand ambassador on a pro bono basis. Leveraging on this consumer to consumer power to influence purchasing decisions meant businesses need to rethink their 3 branding and marketing exercise to include a hybrid of brick and mortar and the click-and-Like mediums (Edelman 2010, 2; Mangold and Faulds 2009, 358). Its a paradigm shift where consumers are co-creators of the brand and hard selling shifts into two-way conversational selling. All these changes create opportunity for positive electronic word of mouth (also known as eWOM) to go viral very quickly (Chu 2011, 39). This can lead to a loss of control by businesses over the branding and marketing efforts. This lost of control is also a concern amongst government and private companies trying to control their employees access to SNS during their working hours (Bhagwat and Goutam 2013). Facebook will need to ensure that the privacy of users are not compromised as there are lots of data on its hands (Bhagwat Goutam 2013). This vast amount of data is rich pickings for potential hackers like the Comment Group from China who mines data from social networking site. It then sends out innocent looking emails to unsuspecting end-users for commercial espionage and sabotage intent (Lee 2013). Leverage Facebook for commercial returns (and the issue of company Facebook effectiveness). This blending of brick and click mixture (Mangold and Faulds 2009, 359) has created new platforms for businesses to channel resources and finances to ensure they are also seen, heard and accepted (Lusch 2011, 263). Corporations that know how to do it right (not necessarily the first time around) gets a bigger 4 piece of the share of voice, which hopefully will lead to greater electronic word of mouth (also known as eWOM) (Chu and Kim 2011, 48). Some have suggested an approach known as hypertargeting (Shih, 2009, 12), where companies can sharpen their customer centricity through specific targeting of potentials customers by personalizing marketing and CRM efforts as user generated data and data is matched to potential service offering and marketing campaigns (Shih 2009, 12). To monetize, some early adopter companies are setting up full scale versions of their brick and mortar business within Facebook. These companies, like the English cloth trading company , ASOS (which stand for as seen on screen) are targeting the moppers, a term used for shoppers with a mobile smart phone device that are now able to shop and pay online without leaving the SNS platform. Its a strategy that has yielded ASOS a healthy twelve percent pre-tax profit of $44. 5 million from a total sale of $371 million (Shannon and Kharif 2011, 22). Even traditional corporate bulwarks in the brick and mortar space are partnering Facebook to set up virtual SNS-based shopping experience – these include JC Penney, Delta Airlines as well as Tesco (Shannon and Kharif 2011, 22). Tescos approach goes a few steps extra in this click battle – customers are able to add to their virtual shopping basket simply by photographing a barcode of a specific product. Two other companies with fully integrated stores within the Facebook platform include British Young Designers and French Connection, whilst others like Dove is subcontracting their check out functions with the Facebook platform to third party sites like Bestbuy and Easyjet (McEleny 2011, 1). Even non profit outfits like the Australian Salvo have much success with their recently concluded I like Salvo Facebook campaign through a combo of paid and unpaid fan likes support that was executed by DGM Advertising. The bottom line too has increased, year on year by 6. 6 percent ( Marketing, May 2012, 4951). The role that FACEBOOK Platform play for both INDIVIDUALS and ORGANIZATIONS As seen from the examples from the paragraphs before this, Facebook Platform has been a cornucopia of opportunities for businesses. It has also been a boon to savvy apps and game developers to earn real bucks directly through micro transactions as well as indirectly through placements of advertisements into those apps/games environment (De Prato and Paul Simon 2011, 14). The improved version of Platform and Facebook Connect drives traffic to website and encourage other users to attract even more users to their websites. A clever third party cookie embedded through the Like button enables organizations and businesses to trace and track consumer behaviours, even if they dont click on the Like button (Roosendaal 2011, 7). With another 75 percent of website (Piskorski, Eisenmann and Smith 2012, 8) yet to implement the Like button on their websites, this could generate limitless opportunities for businesses to tap on 6 this one giant online ecosystem of consumer intelligence gathering in the months and years to come (Edelman, 2010, 6). With opportunities comes threats of litigation Facebook is being sued by Rembrandt Social Media whos claims that the Like button uses two patents from a dead Dutch IT programmer by the name of Joannes Jozef Everardus van Der Meer (BBC News, February 11, 2013). Arresting revenue fall in Facebook stock price – options to boost revenue Strategy 1- Continual market penetration and Augmentation There are plenty of opportunities to increase revenue through social advertising for Facebook. 31 percent of Australian companies, big and small, still do not have any online social media presence at all (Paterson 2012, 40). Through a more personalized algorithms of consumers psychographics and demographics, Facebook can offer their corporate customers like Telstra, Virgin, Qantas and Optus (Paterson 2012, 40) a more personalized marketing and selling messages. To monetize revenue from users traffic, Facebook is already implementing Facebook Exchange, a tool that tracks users web habits when they visit nonFacebook websites, and then customized ads once they return to the Facebook page (Sengupta, 2012). Facebook could perhaps also monetize non-US markets 7 like Indonesia, Brazil India as these countries have some of the highest number of users outside of America (Piskorski, Eisenmann and Smith 2012, 14). Strategy 2 – Monetizing through mobile technology as in smart phones and tablets The mobile smart phone and tablet platform is where the money is for Facebook as consumers go mobile (Kim, 2012; Hogue 2013). Facebook could leverage on the many mobile platform-based companies it has acquired, for instance Instagram (mobile photo sharing, Tagtile (mobile customer loyalty service), and Karma (mobile gift-giving application) (Kim 2012). Tagtile, in particular has much potential to be a potential game changer think of it as a frequent flyer for retail consumers on steroids (Baxter 2012, 38; Bhagwat and Goutam 2013). Its a mobile based retail loyalty that rewards customers with free deals in exchange for their checking in, whilst the merchants get to know more about their customers through an electronic cube, similar to a Foursquare initiative (Adams 2012, 35; Vega 2011). Considering also that revenue from mobile advertisement for Facebook was zero two quarters ago, the current fourth quarters 23 percent of total advertising revenue in 2012 is an achievement, and should be leveraged for further growth in 2013 (Oreskovic, 2013). Facebook might even make a takeover bid on smaller operators like ExactTarget, a company with proprietary enabling technologies thats critical in helping the mobile advertisement to be even more profitable for Facebook (Hogue 2013). Strategy 3 –Monetizing through merchandizing and gifting 8 In the United States, Facebook is gradually rolling out actual gift cards that users can give to their friends. This, along with the ability to buy a gift to a friend on their friends special occasion like birthdays/anniversaries could help boost earnings (Weber, 2013). 9 References Adams, Yvette. 2012. 10 Digital Strategies for Aussie Tourism Marketers. Marketing April: 34-35. Baxter, Andrew 2012. Has Foursquare missed the retail boat, and will Facebook miss it to? Marketing June 2012, 38. Bhagwat, Shree, and Ankur Goutam. 2013. Development of Social Networking Sites and Their Role in Business with Special Reference to Facebook. Journal of Business and Management 6(5): 15-28. http://iosrjournals. org/iosrjbm/papers/Vol6-issue5/B0651528. pdf Chokoshvili, David. 2011. The role of the internet in democratic transition: Case study of the Arab Spring. Master’s thesis, Central European University. Chu, Shu-Chuan. 2011. Viral advertising in social media: participation in Facebook groups and responses among college-aged users. Journal of Interactive Advertising 12(1): 30-43. Darvell, Millie J. , Shari P. Walsh, and Katherine M. White. 2011. Facebook Tells Me So: Applying the Theory of Planned Behavior to Understand PartnerMonitoring Behavior on Facebook. Cy berpsychology, Behavior Social Networking 14 (12): 717-722. De Prato, Giuditta, and Jean Paul Simon. 2011. Paving the way to e-services: Innovation through online games. Paper presented at 22nd European Regional ITS Conference Budapest, Budapest, 18-21 September. http://www. econstor. eu/bitstream/10419/52209/1/672464470. pdf Edelman, David C. 2010. Four ways to get more value from digital marketing. McKinsey Quarterly March: 1-8. https://www. mckinseyquarterly. com/Four_ways_to_get_more_value_from_dig ital_marketing_2556 Elphinston, Rachel A. , and Patricia Noller. 2011. Time to Face It! Facebook Intrusion and the Implications for Romantic Jealousy and Relationship Satisfaction. Cyberpsychology, Behavior Social Networking 14 (11): 631635. Griffiths, Mark D. 2012. Facebook addiction: Concerns, criticism, and recommendations—A response to Andreassen and colleagues 1. Psychological Reports 110 (2): 518-520. http://www. amsciepub. com/doi/abs/10. 2466/01. 07. 18. PR0. 110. 2. 518-520 10 Hogue, Joseph. 2013. This company is doing what Facebook cant. Street Authority, February 9. http://www. streetauthority. com/growthinvesting/company-doing-what-facebook-cant-460424 Kim, JinBae. 2012, June 8. Facebook: In desperate need for a change. Capital Traders Instablog. http://seekingalpha. om/instablog/1016506-capitaltraders-group/685501-facebook-in-desperate-need-for-a-change Kippist, Lucy. 2013. Why I decided to quite Facebook. The Australian, February 8. http://www. theaustralian. com. au/news/i-quit-facebook/story-e6frg6n61226573612540 Lee, Dave. 2013. The Comment Group: The hackers hunting clues about you. BBC News, February 12. Lin, Nan. 1999. Building a network theory of social capital. Connections 22 (1): 2851. Lusch, Robert 2007. Marketings Evolving Identity: Defining our Future. Journal of Public Policy Marketing 26 (2): 261- 268. Lynas Corporation Price Quotes. 2013. Quotes and Research. Comsec website. Accessed February 9. https://www2. comsec. com. au/Private/MarketPrices/Charts/Charts. aspx? stock Code=LYC Macnamara, Jim. 2010. Electioneering 2010: Social media in the Australian federal election. paper produced for the Australian Centre for Public Communication, University of Technology Sydney, Sydney, http://www. fass. uts. edu. au/communication/centres/acpc/docs/eelectioneering-2010-acoc-report. pdf Mangold, W. G. and Faulds, D. J. 2009. Social media: The new hybrid element of the promotion mix. Business Horizons 52 (4): 357-65. McEleny, Charlotte. 2011. French Connection and Dove start selling on Facebook. (cover story). New Media Age, 01-03. Oreskovic, Alexei. 2013. Facebooks mobile ad revenue doubles in fourth quarter. Yahoo! Finance, January 30. http://finance. yahoo. com/news/facebook-growsrevenue-40-percent-211444541. html Paterson, P. 2011. How Australias Top 500 companies are using social media. Marketing June 2012, 40. Roosendaal, Arnold. 2011. Facebook tracks and tracers everyone: Like this! Tilburg Law