experiences

Are online classes hard? I heard that online courses are easy? Is that really the cases? Are online classes easy and will they help me get a job?

A very subjective set of questions if there ever was one. All the above questions around online classes are basically the same thing and really depends on many factors. What subject are we talking about? Are you comfortable in a group? Do you have issues communicating during group discussions? Are there other factors like commute distance, college reputation to be considered? Is tuition expenses a factor is your decision?

Yes certain subjects are easier online but each person’s situation is different. The best way to answer this would be to examine your situation and answer the above questions. Once you have done that, take a look at the advantages of online education and also read about the disadvantages of online education. By now you should have a fairly balanced opinion about which direction you want to go

In the end, there is no straight yes or no answer to this question. You know your situation better, think it through, the advantages and disadvantages explained here along with the questions should help you decide how you want to proceed. It’s not a question of “Are online classes easy?” or “Are online courses hard?” but rather “Are online classes the right choice for me?”

Below is an example of the numerous questions around the subject we get.

I’m recently moved out of town for a few months and with the new semester starting, I was thinking about taking online classes so I can save on gas and still work an everything. I was wondering if the classes were easier or harder than regular classes on campus.

Obviously an MBA is not something you want to take online but what about something like Journalism?

Consolidating your private student loans or any student loans for that matter can make financial sense if you get a better rate of interest and your term of the loan remains unchanged or better is reduced. This is a crucial factor in deciding if consolidating your loans is worth it and if it makes financial sense.

If however your consolidating company offers to lower your monthly payments but increase your repayment term then purely from a financial perspective this does not make it a good deal for you. You don’t know have to know much about loans to understand what this means – the longer you stretch your repayment, the more interest you pay on your loan.

For the sake of argument, let’s assume that you are hoping to consolidate $30,000 of private loans that will enter a 10-year repayment at 8.9% interest. Right now, you would be looking at 120 payments of $378.41 a month. Consolidate that $30,000 into a 20-year loan at the same interest rate, and your payment drops to $267.99 a month – a savings of $110.42 a month. I’m sure you could put that extra $110 to good use.

But here’s the catch – over 10 years, your total payments will be $45,408.36. How’s that compare to 20 years, where your total payments will be $64,318.53?

What’s the privilege of cutting your monthly payment by $110 going to cost you? $19,000. Wow, that’s the list price on a Honda Civic, a Mini or a Pontiac G5.

Make that same deal on your government loans, and you’re looking at another $15,000 in extra interest. That’s quite a lot to pay. Before you consider consolidation, take a look at your lender’s other options, including Income Contingent Repayment, extended repayment, graduated repayment, and the brand new Income-Based Repayment. Do the math, and see which of these might make the most sense for you.

Don’t be in a hurry to consolidate or consolidate for the sake of it, there are several options available to you and unless you do your due diligence, it will prove to be a very costly decision.