Westfam Foundation is a charitable non-governmental organisation inclined at providing funds for students' welfare, financing developmental projects and the alleviation of poverty among the people ,whilst working in partnership with the International Monetary Fund[ I.M.F], European Union [E.U],U.S/UK Governments,private sectors,local organisations and the entire network of charitable organisations to generate funds and improve livelihoods,thereby promoting effective civic engagement and oversights of public policies and pratices to improve conditions of poor and marginalised citizens.
HOW DO WILL GET OUR INFORMATION: THE NEWS
Westfam Foundation have always been in friendship with first-hand information through the news.... it has been an avenue which prompts us with the important information that helps us address the problems of the people and the society at large:
These are links in which we indentified the problems of students and education, we commend you to check and read them and see the following ways in which westfam foundation is helping many students around the world.
New students face future of debts
http://news.bbc.co.uk/2/hi/business/5274342.stm
Many students 'have to get jobs'
http://news.bbc.co.uk/2/hi/uk_news/education/5302082.stm
Universities warn of higher fees
http://news.bbc.co.uk/2/hi/uk_news/education/7164699.stm
THIS IS AN EXTRACT FROM BBC WORLD NEWS ON THE PRESENT DILEMNA OF STUDENTS.
TITLE : NEW STUDENTS FACE FUTURE DEBTS
Ian Pollock Personal finance reporter, BBC News
Anglia Ruskin University makes no bones about its cheaper courses,As tens of thousands of students prepare to head off to university next month, they are being warned they could eventually graduate with debts of more than £22,000 each.
One of the main factors fanning fears of spiralling debts is the new system of student loans that kicks in this year.
Instead of having to pay annual tuition fees of £1,200 before the start of the academic year, new students in England and Northern Ireland will be charged £3,000 a year and only get billed once they have completed their courses.
For a student on an average three-year course that would mean a total cost of £9,000 in tuition fees alone.
In practice, most students are expected to find the money by borrowing cash from the Student Loan Company (SLC) and then paying off the loan after they have graduated.
But the worry is that with extra borrowings from the SLC to cover general living expenses and the larger size of the final demand for tuition fees, a student could end up with debts of more than £22,000 when they leave university.
The National Union of Students (NUS) said it is extremely worried about the impact of the new system.
"Students today are leaving university with massive levels of debt and paying back student loans puts a major strain on their finances," said Wes Streeting, a vice-president of the NUS.
"Applications for courses starting in September 2006 have dropped by 3.4% on the same period last year," he said.
Cheap courses, If students are not fussy about which university they go to, or even which course they might take, then there are opportunities to shop around for cut-price deals.
Students are particularly vulnerable because they have no choice but to get into debt
Sue Edwards, Citizens Advice .
Universities are not forced to demand the full £3,000 annual tuition fee and as a result the NUS has already spotted a developing market in cheap courses.
In fact some colleges are proudly trumpeting the fact that their tuition fees, and thus their students' eventual debts, are cheaper than their competitors.
In fact some colleges are proudly trumpeting the fact that their tuition fees, and thus their students' eventual debts, are cheaper than their competitors.
Leeds Metropolitan University, for example, is currently charging just £2,000 a year for all of its courses, and applications have risen this year while those to neighbouring Leeds University have fallen.
The University of Gloucestershire is offering a 20% discount to any student who can afford to pay the £9,000 tuition fees up front in one go.
Meanwhile Anglia Ruskin University is currently offering £2,000 in cash to all prospective full-time students who start this autumn.
Compulsory debt
Critics of the new system argue that the vast majority of new students will simply have no option other than to take on debt - and then work out how to repay it.
Some students may have more access to funds, with those from poorer families able to claim newly reintroduced grants to partly offset the fees.
Some students may have more access to funds, with those from poorer families able to claim newly reintroduced grants to partly offset the fees.
At the same time, those students from richer households and whose parents are willing to give them extra cash may also escape.
But with many students leaving home and looking after themselves for the first time, Citizens Advice (CA) reckons that too great a number are still being thrown in at the financial deep end.
"Students are particularly vulnerable because they have no choice but to get into debt" says Sue Edwards of the CA. "People don't get education in financial matters and credit is very easy to get."
For the cash strapped student options include free overdrafts offered by banks, credit cards and loans from the SLC.
The loans from the SLC are likely to be the cheapest on offer as they are linked to the UK's inflation rate and only have to be repaid once the student is earning at least £15,000 a year
Even so, they will take some years to finally pay off.
Outside work
One obvious and increasingly popular alternative is to earn money while studying, typically by taking a part-time job.
Once upon a time it was unheard of for university students to do this, at least during term time, but recent research by the Natwest bank showed that 87% of this year's new students think they will have to find a job.
One piece of good news is that running up a big bill to the SLC will not affect a student's credit history, because the loan firm does not share this information with the credit scoring firms like Experian.
Get your finances back on track before you ruin your credit status
James Jones, Experian
But failing to repay any commercial debt such as a bank loan or credit card certainly will show up.
It is estimated that currently only about one in eight students uses a credit card but they can often be a source of problem debt for students.
James Jones, the consumer affairs manager of Experian, warns defaulting on credit card repayments while a student will affect your ability to borrow in the future.
"Protect your credit report while you can," Mr Jones warns. "Get your finances back on track before you ruin your credit status and put your ability to obtain essential credit, like a mortgage or a car loan, in jeopardy."
Going away to university is often a student's introduction to what life as an adult has to offer - and in the last few years dealing with large debts seems to have become one of them.
WHY STUDENT FINANCING?
This is absolutely a dis-heartening piece of news but we at westfam foundation have made moves to solve the present dilemna and our new-born student financing is jeered at helping students stay more focused and encouraged throughout their study years.The program is arranged to assist at least 10,000 students in order to forecast future preparations.Our database consist of 6000 students who applied from last year, we have a record of paying 3000 students already before now . Limited space is available we have a total 1,500 students to fill in for the remaining parts of this year and our deadline for Westfam Student Funds will be in THE NEXT THREE WEEKS !!!
BENEFACTORS
Hi, i am Sarah B., a student of the university of Birmingham, It all seemed like a dream , Westfam Foundation has really done for me what i would not have imagined to be possible , today i am benefactor of the westfam funds, the funding have really helped me ease off my tuition fees, accomodation and living expenses .Westfam Foundation.... always will i be grateful.
The Ohio State University has been the most challenging place i had been my entire years on earth, i wouldn't have known how to cope with my studies while joggling with my part-time job; if Westfam foundation had not come to help me out financially, it is a great relief i must confess, today i live comfortably while feeling more confident and focused to face my studies. thanks Westfam .
Sarah H.
Being an international student in a foriegn university like Aberdeen could seem more tougher than life if you weren't of a good financial backing..... thank God i got to know of westfam funds earlier enough to take benefit of their stupendous benefits to humanity especially in the welfare of students. Thanks a million Westfam ..... You are responsible for the smile on my face .Helen
Going back to the University for my M.Sc could be more tasking than ever if i didn't have a support funding from Westfam Foundation. I just want to thank the management for their kind assistance towards students and also want to take this medium to ask Westfam Foundation to assist me to further my education to the Ph.D level. with much respect and love do i recommend Westfam Foundation to anyone who will likely leverage their power and support. Musharaf Mustafa.
HOW DO WE RAISE OUR FUNDS?
Westfam foundation is in partnership with the International Monetary Fund[ I.M.F], European Union [E.U],U.S/UK Government,private sectors,local organisations and the entire network of charitable organisations to generate funds and improve livelihoods.
OUR AMBITION:
It is our ambition to provide you with :
(i) a minimum stipend of 10,000 to cover living and other incidental expenses .
(ii)To use our networked personalities in provide you with a choice-job in your choice field.
(iii) To help international students with travelling expenses and visa applications,in collaboration with the immigration department of the government.
WESTFAM FUNDING PROCEDURES
Westfam Funds can be obtained in 3 easy steps which are
(1) official application and registration by email
(2) cultivate the spirit
(3) receive funds at designated bank accounts
STEP 1 : Official application and registration by email:
An email containing the information will be sent to you,you shall reply and send back by email to the registration office .
STEP2 :Cultivating the spirit:
At Westfam Foundation ...we believe in the preservation of nature and the earthmen (people) and in the same sense we want all our beneficiaries to cultivate our spirit of giving and the developtment of our environment.
Humanity is bound by a natural Law,: which states that" it is more blessed to give than to receive "- it is our prospect and procedure that you give out a token to aid the less-priviledged , most especially through upcoming charities before we authorize the transfer of your funds to your designated bank accounts .
We have two categories of Funding :
A- FUNDS { FOR HOME -RESIDENT STUDENTS}
Token fund to charity ---- 500
Westfam Funds to you ---- 10,000
B-FUNDS { FOR INTERNATIONAL STUDENTS}
Token fund to charity ---- 700
Westfam Funds to you ---- 15,000
You shall be asked to choose your choice of either A/B Funds and mail back admin.westfam@gmail.com with the subject e.g "A-Funds" and by following the "charity directives"; you'd get
(a) A Westfam Identity Code [WIC]
(b) A new bank account will be opened by Westfam Foundation in a bank determined by you in a "location nearest to you to cash out your funding.
STEP 3 : Receiving funds at designated bank accounts :
This has been made especially simple for students to receive or cash out as westfam foundation has made it a point of duty to to ensure that student get bank accounts in bank nearest to them and of their own choice, but this is actualized until the student have shown westfam foundation's management by the cultivating the spirit of giving to aid the less priviledged.
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