Tickle Kitchin http://ticklekitchin.com/ Sat, 22 Jan 2022 07:04:38 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://ticklekitchin.com/wp-content/uploads/2021/05/tickle-kitchin-icon-150x150.png Tickle Kitchin http://ticklekitchin.com/ 32 32 Consolidating Private or Federal Student Loans: What’s the Difference? https://ticklekitchin.com/consolidating-private-or-federal-student-loans-whats-the-difference/ Sat, 22 Jan 2022 07:04:38 +0000 https://ticklekitchin.com/consolidating-private-or-federal-student-loans-whats-the-difference/

If you have student loans, you may have heard of loan consolidation. This means combining several loans into one.

People do this because they might be able to get a better interest rate on a single loan, and also because it’s easier to keep up with one monthly payment rather than several. Consolidation may seem like an attractive option when you think about these potential benefits.

What you may not realize, however, is that there is a difference between private student loan consolidation and federal loans. We will talk about it in this article.

Private vs Federal Student Loans

Before going into student loan details debt consolidation, let’s make sure we understand the difference between a federal student loan and a private student loan. Private student loans are issued by private loan companies. Federal student loans are issued by the US Department of Education.

A private student loan is not necessarily easier to obtain than a federal loan. Federal student loans are often attractive due to deferral options, low fixed interest rates, and income-contingent repayment.

Federal Student Loan Consolidation

Let’s start by talking about federal student loan consolidation. If you have subscribed to several, grouping them together via a Direct Consolidation Credit is sometimes possible. The federal government offers this type of loan. If you have private loans, this is not an option.

You can apply for any of these consolidated loans for free. You can easily do this online without a credit check. When you do, you can choose new repayment terms. For example, you can choose a longer term loan. This will lower your monthly payments, but you’ll end up paying more interest due to the longer term of the loan.

A federal student loan consolidation loan will cause your interest rate to increase slightly. However, you can still go this route because you will now have lower monthly payments and only one bill to pay each cycle.

Consolidation of private student loans

Now let’s move on to consolidating private student loans. If you have private student loans that you want to consolidate, you can do business with a private company instead of the federal government. Like federal student loan consolidation, this option can mean lower monthly payments.

There are, however, some differences. For example, a private company will review how worthy a candidate you are based on your credit report. If you are considering a federal student loan consolidation, you will not have to go through this credit check.

The other crucial difference is that some entities through which you can obtain private student loan consolidation will charge you something they call an origination fee. It is a percentage of the loan for the treatment of the existing loan in its new consolidated version.

You might feel like this is a reason not to consolidate your private student loans if these origination fees are too high. However, you can always research lending companies to see if they don’t charge this fee or if you can find a cheaper one.

Consolidation often makes sense

Consolidation may be a logical decision if you have multiple federal or private student loans. With either option, you can extend the term of the loan, giving you more time to pay it back. You can also go from having several bills to pay each month to just one.

Remember that if you opt for a direct federal consolidation loan, you can apply for it for free and there will be no credit check. If you try to consolidate private loans with a non-federal lending entity, they will check your credit. You will also have to pay attention to any assembly costs.

Everyone with student loans must weigh the pros and cons of private or federal consolidation. A careful review of your finances will often reveal if this is a prudent option.

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‘MTSU Promise Tour’ embraces community colleges from January 25 to February 25. ten https://ticklekitchin.com/mtsu-promise-tour-embraces-community-colleges-from-january-25-to-february-25-ten/ Fri, 21 Jan 2022 13:37:48 +0000 https://ticklekitchin.com/mtsu-promise-tour-embraces-community-colleges-from-january-25-to-february-25-ten/ Prospective transfer students can follow signs to one of the upcoming “MTSU Promise Tour” events at community colleges in Tennessee from January 25 through February 10. in Gallatin, in the State of Columbia, in the State of Pellissippi in Knoxville, in the State …]]>
colleges in Tennessee from January 25 through February 10. Trans MTSU Admissions”/>

Prospective transfer students can follow signs to one of the upcoming “MTSU Promise Tour” events at community colleges in Tennessee from January 25 through February 10. in Gallatin, in the State of Columbia, in the State of Pellissippi in Knoxville, in the State of Cleveland, in the State of Chattanooga, in the State of Nashville, in the State of Jackson and in the State of Dyersburg. Each Promise Tour event will take place from 10 a.m. to 1 p.m. local time. (MTSU File Photo by Andy Heidt)

In three weeks, Middle Tennessee State University Transfer Admissions the team will meet potential students at nine community colleges across Tennessee.

It’s the annual MTSU Promise Tour to reach out to future transfer students – from Knoxville at jackson and of Dyersbourg at Chattanooga — in time for them to meet the February 15 deadline for the guaranteed transfer scholarship — $3,000 per year for qualified workers.

In nine of the colleges, the MTSU Promise is one of the university’s commitments to make the transfer process as smooth as possible and, in some cases, to sign special agreements with community colleges to ensure clear pathways. MTSU and Nashville State Community College have a “True Blue Path » agreement.

The MTSU Promise Tour kicks off Tuesday, January 25, to Smyrna to Motlow State Community College, the first of three scheduled visits per week for three weeks to answer questions and discuss the application transfer process, scholarship opportunities, academic programs and more. The application fee will be waived when visiting the Promise Tour for new transfer applicants for Summer 2022 and Fall 22.

Other upcoming events include:

January 26 — Voluntary state at Gallatin.

  • January 27 – State of Columbia (Columbia campus).
  • February 1 – Pellissippi State (Hardin Valley Campus)
  • February 2 – Cleveland State.
  • February 3 – Chattanooga State.
  • February 8 – Nashville State (White Bridge Road campus).
  • February 9 – Jackson State.
  • February 10 – Dyersburg State.

All event times will be from 10 a.m. to 1 p.m. local time.

“Our goal is to meet students where they are and help transition from their community college to MTSU after they graduate with associate degrees,” said Lindsey PowersJoyner, transfer enrollment coordinator, who oversees Nashville State and West Tennessee community colleges.

“Our state’s community colleges do a tremendous job preparing students for the next level, whether it’s a career or a classroom at a four-year university,” Powers Joyner added. “We want to make sure students know what MTSU has to offer and how we can help them achieve their goals.”

At stops, MTSU staff can help students:

  • Apply for admission to MTSU atwww.mtsu.edu/applynow.
  • Learn more about theTennessee Transfer Lanes and other programs to help students transfer successfully.
  • Obtain an MTSU ID card if students are already admitted.

During the remainder of the spring semester, MTSU transfer enrollment coordinators work with Tennessee’s 13 community colleges to help students navigate the enrollment process, Powers Joyner said.

If any students, parents, or family members have any questions about transferring to MTSU, they can email them to transfer@mtsu.edu.

MTSU has over 300 combined undergraduate and graduate programs.

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Impunity in universities | eKathimerini.com https://ticklekitchin.com/impunity-in-universities-ekathimerini-com/ Fri, 21 Jan 2022 06:31:51 +0000 https://ticklekitchin.com/impunity-in-universities-ekathimerini-com/

The state as well as the institutions themselves have failed to quell the endemic anarchy on college campuses. [InTime News]

The debate around violence and intimidation in Greek universities has been raging for years. Experts often ask why the state as well as the institutions themselves have failed to quell the endemic lawlessness on college campuses. Is this a Gordian knot to be cut by the nascent university police? Let’s put off answering that question for now.

Those demanding a politically correct answer are essentially dodging the question. When an academic is threatened, harassed or humiliated by students or strangers inside the establishment for which he works, the police have a duty to enter the premises of the university and get away to occupy. However, incidents like this clearly indicate that there is a problem with the functioning of the institution itself.

On very few occasions, university authorities have taken disciplinary action against students who have committed acts of violence against other students or staff. In the majority of cases where a student appears before the disciplinary council of his university, it is because he was caught cheating on an exam. Moreover, the heaviest penalty for such an offense is to be deprived of the opportunity to retake the exam at the next sitting. Malefactors are usually treated leniently by Greek universities because, in what seems like a distorted perception of democracy, every student seems to deserve a second chance or a passing grade.

However, when it comes to harassment, the institution must show rigor and political courage to safeguard public order and impose severe sanctions when they are due. These hooded students are not children but citizens with the right to vote. Moreover, the question of whether to punish a student who beats or threatens his teacher is not an ideological question. Indeed, what happened to those students who held professors hostage or hung a sign around the rector’s neck simply because he happened to have a different opinion? What happened to those students who persecuted the teachers?

The fear felt by university professors anxious not to antagonize the holders of extreme political opinions has a toxic effect on the institutions; this leads to navel-gazing and intolerance. That said, the teachers should not complain too much, because they too are responsible for this regime of impunity.

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Science Education Student Elizabeth Vanegas ’22 Gains Global Perspective Through Study Abroad Experience in Prague https://ticklekitchin.com/science-education-student-elizabeth-vanegas-22-gains-global-perspective-through-study-abroad-experience-in-prague/ Thu, 20 Jan 2022 22:22:11 +0000 https://ticklekitchin.com/science-education-student-elizabeth-vanegas-22-gains-global-perspective-through-study-abroad-experience-in-prague/

Elizabeth Vanegas ’22, a science education major and good night scholar, began considering studying abroad while still in high school. She watched countless travel-related YouTube videos, and when she arrived at NC State, she applied to study abroad in Spain in the summer of 2020.

Then the pandemic hit and the trip was canceled. But Vanegas was undeterred and she applied for summer study abroad in Prague in the summer of 2021. That trip was also cancelled. Thus, Vanegas transferred his candidacy study abroad in Prague in the fall of 2021, and his perseverance paid off.

“The second I landed I was like, ‘Well, I’m really going to do this for the next three and a half months,'” Vanegas said. ” I can not believe it. I really had those moments, like several times when I was like, “Oh, I’m really in Prague right now.”

Upon arrival, Vanegas self-isolated for the night before taking a rapid test the next morning, which ended her quarantine. Then she was free to explore. Vanegas grew up in Sanford, North Carolina, and although she loves her hometown, she was thrilled to have the opportunity to experience Prague.

“The city itself is so beautiful,” Vanegas said. “It was also surreal to have the campus building in the middle of the Old Town Square. Even now, I don’t understand how NC State managed this location. Right after class, I could go for a walk in the Old Town Square or I could go to the Charles Bridge.

With the help of staff at the NC State European Center in Prague, Vanegas and the other students obtained digital passports for the European Union’s COVID-19 vaccine, making it easier to travel around the Czech Republic and beyond. from Europe. So over the weekend, Vanegas ventured outside of Prague, making trips to the Czech Republic and other European cities such as Berlin, Munich, Zurich, Vienna and Amsterdam.

Vanegas also made a number of trips through her classes. As part of PY 123: Stellar and Galactic Astronomy, she visited the Astronomical Institute of the Czech Academy of Sciences in Ondřejov. In EDP 370: Applied Child Development, taught by NC State College of Education alumnus, former NC State College of Education instructor, and Czech Republic native Ondřej Pešout ’17PHD, she was able to visit a Czech kindergarten.

“Each class brought a unique experience to my experience in the Czech Republic,” Vanegas said. “Every class I had a field trip, which was so cool, because I never had the chance to have field trips in college.”

She has found these experiences rewarding not only personally, but also professionally as she prepares for her future role as an educator. For example, in the Czech kindergarten, Vanegas gained new knowledge about what education looks like in the world.

“At the Czech school, what I found so interesting is that the children have a lot of autonomy over their time,” Vanegas said. “They can kind of choose what they want to do at certain times. So things like that were really, really interesting; just the time difference.

Through field trips with her astronomy class, she got to see science in a whole new way, an experience she hopes to share with her future students.

“To actually be able to see where history was made with the scientific discoveries was amazing,” Vanegas said. “And I never thought I would feel so connected until I could actually experience it. So hopefully I can push students to think a little more about that outside world.

At the end of the semester, Vanegas took a COVID test to make sure she was negative and returned home to North Carolina. Now she has the opportunity to take what she learned in Prague and apply it in the classroom as she completes teaching students this spring.

“I really hope to show the kids pictures of the places where I saw where history was being made,” Vanegas said. “Science is constantly changing, it’s something that forever connects us to things like that. (Johannes) Kepler, he lived in Europe hundreds of years ago, and we still talk about him. So just remind students that science really does change the world and you find science everywhere.

But beyond sharing her love of science with her students, Vanegas wants to help them broaden their horizons the same way she did when she was finally able to fulfill her dream of studying abroad.

“I hope to inspire students not to be afraid to travel or explore things outside of their homes because they never know what they’re going to find,” Vanegas said.

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Psychiatrist says calling addiction a disease is misleading : NPR https://ticklekitchin.com/psychiatrist-says-calling-addiction-a-disease-is-misleading-npr/ Thu, 20 Jan 2022 10:10:43 +0000 https://ticklekitchin.com/psychiatrist-says-calling-addiction-a-disease-is-misleading-npr/

Carl Erik Fisher, psychiatrist and author of Envy: A History of Addiction.

Beowulf Sheehan/Beowulf Sheehan


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Beowulf Sheehan/Beowulf Sheehan


Carl Erik Fisher, psychiatrist and author of Envy: A History of Addiction.

Beowulf Sheehan/Beowulf Sheehan

Right after graduating from medical school, Carl Erik Fisher was on top of the world. He won prizes and worked day and night. But much of that frenetic activity was really hiding his addiction issues.

Fisher – who says he comes from a family with a history of drug addiction – went on a drinking and Adderall binge during his residency. A manic episode led to his admission to the psychiatric ward at Bellevue Hospital in New York, where just a few years ago he had a residency interview.

“Because I was a doctor, because I’m white, because when the NYPD came to get me out of my apartment, I was living in an upscale neighborhood. I got a lot of care and had a lot of compassion. “, he says. . “Unfortunately, many people with addictions cannot even access services, let alone the kind of quality services I have been able to get.”

Today, Fisher is recovering and an assistant professor of clinical psychiatry at Columbia University. His new book The Emergency: Our History of Addiction — part memory, part history — examines the importance of careful language when discussing addiction and how treatment has historically ignored its complex socio-cultural influences.

Interview Highlights

Why it’s important that addiction be considered a disease

I think addiction is not a disease. Calling it a disease is misleading. Now, I say this knowing that for some people the word “disease” is truly powerful and liberating. This [can] provide an organizing framework to give meaning to their struggles and a sense of security. And I would never want to control an individual’s understanding of the word. But overall, when we think of it as a socio-cultural phenomenon, I think the notion of disease can be misleading because it deflects attention from the forces of racism and other forms of oppression that are so often linked to addiction. Initially, the word disease was introduced to try to force open the doors of hospitals and obtain medical treatment for drug addicts. This is because the medical profession has largely abandoned its duty to care for dependent people. These advocacy efforts were therefore absolutely necessary. But people still struggle to access care. People are still struggling with stigma. People still struggle to get insurance benefits for addiction issues. There is a helpful version of the word “disease” when talking about addiction that says therapy and drugs can save lives. But the term is confusing, and it also locates all the causes in biology and overlooks some of the other determinants of people’s health.

On how racism has historically influenced drug treatment

For centuries people have tried to divide people into good drugs and bad drugs, to say that some drugs are dangerous, that they are contagious, or that they lead inexorably to vices and social problems. Often, this kind of blatant exaggeration of the harms of one drug and the supposed benefits of other drugs affects everyone. A fine example from the turn of the 20th century: there were all these powerful efforts to criminalize certain drugs because they were associated with certain racist and xenophobic panics, such as the panics associated with the consumption of Chinese opium or the consumption of black cocaine. Even the urban poor were a major development at this time and an association with heroin led to many of these attitudes. At the same time, a kind of right allowed to continue to use certain drugs. At first things like morphine and more tightly regulated opioids, then later stimulants, which weren’t invented until a short time later. And white people and the privileged have also been harmed by these kinds of rights. So drugs are such a powerful example of how racism bounces back to hurt us all that whenever we create these kinds of separations and try to assign the right and wrong categories to different forms of drugs, we invariably end up by causing widespread damage.

On how the medical model should change to get more people to recover

A simple pivot we could make is to shift our focus away from controlling the use of people to meeting them where they are and helping them with what matters most in their lives. For too long, medicine has been dominated by an abstinence-only model. Now I am in an abstinence pattern myself. I don’t think I should drink or use again. And for many people, it is necessary and life-saving. But addiction is also profoundly diverse, and we have new evidence that some people can actually improve their functioning even when they have a substance abuse problem without stopping use altogether. Or they could be in some sort of partial abstinence when they stop using heroin. I don’t think it’s wise to be cavalier about drug use, especially if someone has had a problem before. But there are a lot of people who don’t want treatment because their current treatment system is so overbearing. For example, it’s a seizure that people drop out of treatment due to continued use. One definition of addiction is continued use despite negative consequences. So I think it’s imperative that as medical professionals we work harder to work with people where they are while recognizing the profound dangers of addiction.

On the approach he uses with his own patients

The main thing about working with my own patients is that they are responsible. The main insight that reviewing the history and science behind addiction recovery has given me is respect for the many different paths that exist for recovery. It’s something I felt myself – I was very ashamed to think that I wasn’t recovering in the right way or that I could do a better job. And I think a lot of people carry that shame. That if they’re not doing recovery in the traditional sense, then maybe it’s not as good. And you know, I think that can be a real distraction and unnecessary because there’s a lot of opportunity to grow and improve and work on the kinds of serious addiction issues that we work with.

This story was edited for radio by Jeevika Verma and Reena Advani and adapted for the web by Jeevika Verma and Barbara Campbell.

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Classmates remember Rauner College prep student shot and killed in Chicago’s Noble Square – NBC Chicago https://ticklekitchin.com/classmates-remember-rauner-college-prep-student-shot-and-killed-in-chicagos-noble-square-nbc-chicago/ Thu, 20 Jan 2022 02:38:48 +0000 https://ticklekitchin.com/classmates-remember-rauner-college-prep-student-shot-and-killed-in-chicagos-noble-square-nbc-chicago/

Rauner College Prep students left flowers and notes at an intersection in Chicago’s Noble Square neighborhood to remember and honor their classmate Caleb Westbrook, who was fatally shot Tuesday.

“He was the joy of school,” said classmate Julie Robinson. “Caleb, he put a smile on everyone’s face and no matter what he was going through, he made everyone around him feel comfortable.”

The 15-year-old was shot and killed around 1.15pm on Wednesday after being expelled from school. NBC 5 learned he was walking with friends to a bus stop in Greenview and Chicago when police said someone approached him and shot him.

“He was a good person,” said classmate Jayden Strzelczyk. “The things that happened to him that should never have happened because he was actually a good person.”

Westbrook was a freshman at Rauner and was loved by many of his classmates and professors. They described him as a ray of light – a young life full of personality and positivity.

“All day today at Rauner College Prep, everyone was crying,” said classmate Ahmani Paskel Dobing. “It was moving, he’s like our missing piece.”

He was one of at least six children shot dead in the city in the past 24 hours. His former junior football coach said more needed to be done to tackle the violence.

“It’s just tragic over the last 20 years, I’ve lost 18, 19, or 20 kids, it’s just like, when is this going to stop,” Tim Hall said.

Hall said Westbook enjoys playing football. He was part of the Garfield Park Gators for two years, intended to go to college and always did the right thing.

“Whoever did this, please have heart, be remorseful and just surrender,” he said. “Make it easier for the Westbrook family, they don’t deserve this.”

A memorial for Westbrook is scheduled for Saturday, January 22 at 12 p.m. in Garfield Park. His former coach and his teammates organize the memorial.

As to what led to the shooting, detectives are still investigating the motive and no suspects are in custody.

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BNPL’s Growing Role in Unsecured Lending https://ticklekitchin.com/bnpls-growing-role-in-unsecured-lending/ Wed, 19 Jan 2022 18:59:35 +0000 https://ticklekitchin.com/bnpls-growing-role-in-unsecured-lending/

Paying for goods according to the installment plan is not a new method of payment, but it has resurfaced in response to increased consumer interest. “Buy now, pay later” gives consumers more control over how much they spend and where they spend it. It also gives them more freedom to buy the things they want, even without having enough money in their account.

In the United States, point-of-sale (POS) financing services have increased significantly, particularly due to restrictions related to COVID-19. Usage among the younger demographic has greatly influenced BNPL’s growth, while banking digitalization has boosted merchant adoption.

Currently, players in the fintech market are taking the lead when it comes to BNPL, and so far only a handful of banks have reacted quickly enough to be competitive. To avoid significant losses in the future, banks need to understand the current POS financing landscape and choose a model that works best for their new customers.

New business opportunities with POS loans

Traditional banks and financial institutions should see the growth of POS funding models as a signal to rethink the lending landscape and their role in it. With fintech siphoning off most of the value of banks’ point-of-sale funding, estimated at $8-10 billion so far, it’s evident that this is a very profitable market.

Another important factor is that most users engaged in online banking are young, tech-savvy millennials and Generation Z. If banks want to see their long-term goals achieved and attract the attention of these young users , they should focus on
make these changes in the system

  • Integration throughout the purchase journey
  • Rethinking risk models
  • Different approaches to credit

Integration throughout the purchase journey

As fintech works to create a complete customer buying journey, banks are falling behind. Onboarding can help scale and inspire younger generations to give banks greater visibility. Using rewards and subsidizing credit reward costs will bring more value to customers and ultimately increase their loyalty.

Rethinking risk models

Consumer expectations are increasing every day, especially with merchant subsidies. It is time for banks to rethink and update their risk models to meet these expectations. One possible solution could be merchant partnerships, as merchants play a key role as intermediaries in this model.

Different approaches to credit

The difference between traditional credit products, installment credit cards and debit cards with new features is becoming increasingly blurred. Banks that start offering credit products in the format their customers want will gain valuable benefits and profit.

Everyone, whether neobanks, card issuers, lenders or merchant acquirers, are competing for market share. By offering BNPL options, they can see how users interact with their platforms and find the right business model to stay afloat in a dynamic market.

It is clear that Buy Now, Pay Later is growing rapidly. Indeed, results from McKinsey’s 2021 Digital Payments Survey suggest that BNPL usage may actually be growing faster than its penetration.

Distinct models Buy now, pay later

As not all POS systems work the same way, the description of the systems used in the different financial markets shows how the service has evolved over a short period of time. At the same time, banks can gain a better understanding of what they are competing against and how they could outperform it.

1. Finance midsize purchases with off-card solutions
Solutions like Uplift and Affirm, which allow you to repay in monthly installments, are ideal for small and medium purchases. On average, the note size is between $250 and $2,500 and the time to repay the loan is around 8-9 months. Products purchased in this way are typically appliances, electronics, home fitness equipment, and furniture.

Most of these transactions are done digitally, and their growth is fueled by increased adoption among users with higher credit scores. However, consumers are unlikely to use this financing strategy more than a few times a year.

2. Post-Purchase Card Payments
This financing solution is popular in Asia and Latin America, although adoption rates are still quite low in the United States. Since the post-purchase refund strategy has a higher APR than other point-of-sale purchase solutions, it is less popular. However, a big advantage after purchase is the ability for merchants to use it with special offers. Card-linked payouts are currently available through services like Splitit or network solutions like Visa Payouts.

3. Shopping App Integration
The aspiration of most major shopping apps is to become “super apps”. Major market players such as PayPal’s “Pay In 4” offer services that follow customers throughout the purchase journey. Moreover, they are gradually gaining momentum. Unless banks find a way to increase their exposure, they might not be competitive at the same level and expect to suffer losses in the near future.

Pay in 4 focuses on small purchases that are typically under $250, with installments users can pay off in six weeks. Services like Afterpay have seen phenomenal growth fueled by the pandemic lockdown. With more merchants integrating these products into their payment offerings, the increase of more than 300% in 2020 could prove to be even greater in 2021. McKinsey estimates that Pay in 4 could generate between $4 and $6 billion in revenue by 2023.

Major market players recognize this trend towards integration. To secure their market positions, many have decided to integrate Etsy.com with Klarna and Houzz.com with Afterpay.

Why Consumers Use BNPL
Convenience. BNPL loans require a down payment or “down payment”, for example 25% of the purchase amount. The remaining amount is then repaid in installments over a few weeks or months.

Zero or low interest rate. BNPL loans do not include additional interest or bank charges, but they can come with a fixed repayment schedule.

Flexible credit check. To prevent fraudulent behavior, a soft credit check is performed to confirm the buyer’s identity. There will be no credit check or underwriting in the process.

Easy approval process. One of the most popular features of BNPL is the quick and easy approval process. Not only does this not affect credit scores, but it is irrelevant to other creditors.

How Banks Can Leverage POS Financing

Banks interested in getting involved in POS financing solutions can choose from different financing models. Each presents a unique opportunity as it forces banks to understand cost, time to market and customer segmentation.

Lease your balance to a BNPL company

One of the examples of collaboration between banks and BNPL companies is the model chosen by Cross River Bank and Affirm. Cross River provides Affirm with banking services so that they can endorse microfinance solutions.

Integrate credit card payments

As the BNPL market continues to grow, some banks have decided to integrate installments with existing credit cards. JP Morgan has developed Citi Flex Pay & Chase Pan to allow its customers to reimburse their purchases in installments. The strategy of adding new features to existing products or developing new financing products is a good way to meet customer needs, especially since most of them have started using alternative financing options. to avoid paying exorbitant interest on credit cards.

Take over a BNPL company
The market value of some of BNPL’s biggest players is estimated to be in the billions of dollars. AfterPay and Klarna have grown so much that even well-known market players like Mastercard, Apple Pay and Goldman Sachs have decided to offer new ways to use installments. However, as a stand-alone model, BNPL does not appear to be viable.

Develop your own BNPL solution
Some banks and financial institutions are ready to meet the needs of their customers and offer in-house developed POS financing solutions. If they want to compete with fintech, their advantage could be a partnership that allows them to build a unique product with the bespoke features their customers need.

Last word
Traditional lenders, brick-and-mortar banks, and neo-banks are all scrambling to find their footing in the POS financing market. Fierce competition will force them to use their assets to fuel the right business models and enter the market with competitive products.

What we can be certain of is the underlying need that drives customers and how point-of-sale financing addresses it. The digitization of major banking systems prevents some commercial banks from implementing clear strategies to enter this market. But with the ever expanding market scale, POS financing is here to stay.

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Maine universities start spring semester with more than 200 COVID cases https://ticklekitchin.com/maine-universities-start-spring-semester-with-more-than-200-covid-cases/ Wed, 19 Jan 2022 16:10:00 +0000 https://ticklekitchin.com/maine-universities-start-spring-semester-with-more-than-200-covid-cases/

Maine universities are starting the spring semester with more confirmed cases of COVID-19 than at the start of previous semesters during the pandemic.

More than 200 students and staff in the University of Maine system are infected with COVID-19 amid the rapid spread of the omicron variant in the state, according to the system’s daily virus updates.

Some 244 of 5,323 coronavirus tests taken by students and staff to start the semester came back positive in the 14 days to Tuesday, resulting in a positivity rate of 4.6%.

The number of cases is far beyond what the system has seen at the start of previous semesters during the pandemic. The university system recorded 44 employees and students infected after the start of the fall 2021 semester on September 20, 2021. Sixty cases were recorded shortly after the start of the spring semester last year.

While COVID-19 has been less prevalent on college campuses in previous semesters, the omicron variant has raised concerns that it will pose a greater challenge for colleges in Maine as they try to avoid the disturbances. Classes began Tuesday across the university system. Most are in person, although some departments and faculty will start remotely after receiving administrative clearance to do so.

Despite the higher number of cases, the university system’s positivity rate is still well below the statewide rate recorded in recent weeks.

This could be due to the university system’s coronavirus prevention measures. Universities require students on campus to be fully immunized. The system also requires all eligible students who did not receive a COVID-19 reminder by Feb. 1 to be tested weekly, among other measures.

Of the 218 active cases among staff and students as of Tuesday, most (121) were at the system’s flagship university in Orono, which also had the highest infection rate among the seven universities – a coronavirus cases per 97 college students, according to federal student data.

The University of Maine at Farmington pace followed closely behind, while the University of Maine at Machias was the only campus to report no active coronavirus cases. Machias is in Washington County, which also reported the lowest case rate during the omicron surge of any county in Maine.

]]> Teach One, Save One: The Unlimited Power of Peer Education https://ticklekitchin.com/teach-one-save-one-the-unlimited-power-of-peer-education/ Wed, 19 Jan 2022 06:03:11 +0000 https://ticklekitchin.com/teach-one-save-one-the-unlimited-power-of-peer-education/

Students learning from each other is the foundation of peer learning. Peer learning covers many different practices, such as the traditional model of peers teaching other students, or more advanced models such as discussion seminars and collaborative projects. Students engaged in peer teaching can improve their academic performance by explaining concepts to others, as well as developing organizational and planning skills.

Peer health education is defined as the teaching of health information, attitudes, beliefs, values ​​and behaviors by members of similar age groups or experience (White and al., 2009). Peer health education has proven to be a very effective way to reach students on the topic of opioid use and abuse (Anderson, 2020; Hines et al., 2018) . The Centers for Disease Control and Prevention recently estimated that drug overdose deaths in the United States will top 100,000 for the first time in a 12-month period. Opioid medications are driving this increase (CDC, 2021). Therefore, there is a critical need for innovative outreach programs to help educate college students on this topic. The ability to deliver this outreach in a variety of ways is also important given the in-person limitations of the COVID-19 pandemic. Since 2018, pharmacy students enrolled at the Albany College of Pharmacy and Health Sciences (ACPHS) participate in an effective peer education program, which is delivered to other students enrolled at local colleges and universities, and in 2021, our students began delivering the presentation to high school students. Our student pharmacists developed an engaging and interactive program that was offered in person and remotely; the program was well received with requests for return visits.

Program design

Albany College of Pharmacy and Health Sciences faculty and instructional designers helped students craft a presentation that would be engaging to peers. The students attending the presentation were largely enrolled in liberal arts programs at local colleges and universities. Albany College student presenters paired their presentation with a quiz delivered via the Kahoot! application. The students receiving the presentation were then asked to rate their level of agreement with a series of statements using a Likert scale ranging from “strongly agree” to “strongly disagree”. These questions were first posed to the students before the start of the presentation. More questions were interspersed throughout each learning module in the presentation where students answered the relevant questions covered in the learning module. Incentives for answering the questions were offered, such as water bottles, t-shirts and gift cards. The presentation ended with the re-administration of the same pre-presentation questions via the Kahoot! app, followed by a Q&A session. Along with the in-person events, an overdose rescue workshop was offered, with a demonstration on how to administer rescue medication. This presentation was first offered in person from April 2018 to October 2019, and remotely in the spring of 2021. We continue to offer the program remotely during the current pandemic period. Student affairs staff from other schools have been very involved in logistics throughout this program.

Benefits for our students

Our students have derived many benefits from their participation in this initiative. They improved their public speaking skills as well as their research skills, learned how to organize and develop formal presentations, learned how to effectively deploy a polling tool in an existing presentation, and our students gained a better knowledge of opioid crisis. They continue to drive the program forward through a professional organization on our campus, and one of our students was able to share her personal story of a family member’s addiction.

Benefits for the host institution

We were able to assess the benefits of this program in three ways. First, the program is highly regarded, with a local college making several requests for return visits. After our first visit to this local college, we received the following feedback from the Office of Student Affairs:

“Last night I received several emails from students thanking us for the presentation. They thought the presenters had done a great job and it seemed to all of them that they had learned a lot of new information.

Second, we analyzed differences in responses to questions, before and after presentation of the material, to determine any increase in knowledge on this topic. Differences in responses to the following questions were statistically significant (p < 0.00002):

  • I am comfortable talking about substance abuse recovery with peers or staff on campus.
  • I know the purpose of a halfway house in the addiction recovery process.
  • I know the warning signs of substance abuse and addiction.

Finally, the program achieved a positive result which cannot be quantified, but which is undoubtedly the most important achievement. A student who attended the in-person presentation with an overdose rescue workshop was able to respond quickly to an overdose situation, applying the knowledge and skills learned at our event. This person was able to revive an unresponsive person, saving a life. This student came to our campus to speak to our pharmacy students and said that because of her participation in our program, she felt more comfortable and confident practicing these vital skills.

How health education instructors can develop similar programs

Our program started in 2018 in response to the opioid crisis. We believed, and now know, that students enrolled in colleges and universities in our area can benefit from this program. Today, the program is needed more than ever. Health education programs often have professional student organizations or other student organizations with a health education mission. These organizations want students to conduct community outreach activities for the purpose of educating the public and/or promoting a particular health profession. These organizations often offer awards to student chapters of their organization who have done exemplary work in the area of ​​community outreach. Faculty can recruit and encourage students to work on such initiatives.

Teachers and students must first identify a community need. It may be helpful to partner with a community organization that meets the general needs of the community. In our case, we partnered with student affairs offices at other colleges. This partnership can help with organizing events, scheduling events and other logistical matters. Once you have identified your audience, consider partnering with an instructional designer who can help your students create a presentation that the audience will find informative and engaging. Our program is a continuous program within a student professional organization. Student involvement is ever-increasing, as students advance in their education and degree. New students are coming to this initiative with new ideas and new ways of collaborating.

Peer educators and learners benefit greatly from this program, as does someone who has never attended our sessions but is now alive thanks to someone who has. As we have shown, the benefits of this type of program are vast and extremely rewarding for both students and faculty.


Jane Boyd is an instructor and co-director of the Pharmacy Practice Laboratory at the Albany College of Pharmacy and Health Sciences (ACPHS) which teaches year P3 of the Pharmacy Practice Skills course sequence and the principal advisor to the largest organization campus professional, American. Association of Pharmacists – Academy of Pharmacist Students (APhA-ASP). Boyd is a Certified Diabetes Care and Education Specialist (CDCES) and keeps up to date with community pharmacy practice, substance use disorders, immunizations, COVID-19 testing and leads a program local diabetes support group.

Angela Dominelli is an associate professor of pharmaceutical administration at the Albany College of Pharmacy and Health Sciences. His teaching and research interests include pharmaceutical administration, total quality management in healthcare, leadership, and the social aspects associated with healthcare delivery.

John Polimeni is an associate professor of economics at the Albany College of Pharmacy and Health Sciences. He received his Ph.D. in ecological economics from Rensselaer Polytechnic Institute. Polimeni has published over 60 peer-reviewed research articles, published four books and eleven chapters in edited books, presented his research at numerous international conferences, and served on 14 academic journal editorial boards.

The references

White S, Park Y, Israel T, Corderao E (2009). “Longitudinal evaluation of peer health education on a university campus: impact on health behaviors.” J Am Coll Health 57, no. 5:497-505.

Anderson, G. (2019). “Colleges are determining how to protect students from the opioid epidemic.” Inside Higher Education. https://www.insidehighered.com/news/2019/11/15/colleges-determine-how-protect-students-opioid-epidemic

Hines J, Deja E, Black E (2018). “Student pharmacists’ perceptions of participation in practical advice on naloxone.” Curr Pharm Teach Learn 10, no. 6: 712-716.

Centers for Control and Prevention of Disasters. (2021). National Center for Health Statistics, Provisional Drug Overdose Death Counts, https://www.cdc.gov/nchs/nvss/vsrr/drug-overdose-data.htm


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]]> Are “Buy Now, Pay Later” Plans Better Than Credit Cards? https://ticklekitchin.com/are-buy-now-pay-later-plans-better-than-credit-cards/ Tue, 18 Jan 2022 16:00:09 +0000 https://ticklekitchin.com/are-buy-now-pay-later-plans-better-than-credit-cards/

Image source: Getty Images

In some ways, yes, but there are also risks.


Key points

  • Buy now, pay later plans allow you to pay for your purchases over time.
  • Although these plans offer some advantages over credit cards, they are not necessarily a better choice.

The idea of ​​paying for purchases over time is not new. Years ago, stores typically offered layaway plans for people who couldn’t afford the items they wanted right away. And credit cards have long been a way to help consumers pay for products over time, albeit at a cost.

But in recent years, “Buy Now, Pay Later” plans, or BNPL plans, have become an increasingly popular financing option. These plans allow consumers to place a deposit on their purchases, bring their items back from the store (or have them shipped, in the case of online purchases), and pay them back in installments.

The great thing about BNPL plans is that they don’t charge interest upfront like credit cards do when you have a balance. Typically, you have about three months to pay off your purchase under an BNPL plan. Stick to this arrangement and make your payments on time, and you won’t have to pay interest or fees.

It is for this reason that consumers increasingly prefer BNPL plans to credit cards. But are they a better choice for financing purchases? Not necessarily.

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The danger of BNPL diets

While BNPL plans don’t charge automatic interest the way credit cards do when you carry a balance, they also make it easier to qualify for installment agreements. And that’s not necessarily a good thing.

When you apply to use a BNPL plan, there is usually no credit check involved. You might end up agreeing to a payment plan you can’t afford, running the risk of falling behind. And this is where things get risky.

If you do not make your BNPL plan payments, you will be pay interest on your purchases and possibly face a multitude of fees. Also, at this point, your negative payment activity may be reported to the credit bureaus. Once this information appears on your credit report, your credit score could drop and it could become more difficult to borrow money when you need it.

In fact, the Consumer Financial Protection Bureau recently issued a warning about BNPL’s plans and the dangers they pose to consumers. While it’s easy to argue that credit cards open the door to equally troubling consequences, credit cards may be better understood by consumers than BNPL plans because they’ve been around longer and have different requirements. different regulations to follow.

Should I use a BNPL plan or a credit card?

If you’re looking to finance a purchase that you know you can pay for in a few months (for example, the money is already in your savings account but you’d rather not withdraw it all at once), then you may be fine with moving forward with a BNPL plan. And you might be better served using a credit card rather than a credit card in this case, because a credit card will usually charge you interest if you pay off your purchase within a few months.

But otherwise, you should proceed with caution when using BNPL plans in the same way that you should do your best not to charge items to your credit cards that you cannot pay by the time your bills come due. . Also, while it may be okay to use BNPL plans for larger, planned purchases, they’re not really meant for day-to-day purchases.

Additionally, BNPL plans do not offer cash back or rewards for everyday items like credit cards do. So don’t rush to replace your credit cards with BNPL packages. In fact, there’s no reason not to use credit cards and BNPL plans at the same time – as long as you fully understand what you’re signing up for.

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