November 21, 2014

Faroe Island’s Investment In A Mega School Has Just Broken Ground

faroe-islands-education-center

faroe-islands-education-center

The capitol city of Torshvan on the main island in the Faroe Islands has just broken ground on a new higher education center that will accommodate 1200 students and 300 teachers. I mentioned the Faroe Island in my post about them testing all the islander’s DNA recently, The Potential Health Results Of The Faroe Island DNA Project Might Be Astounding as you may remember. It looks like the Danish self-governing archipelego is well on it’s way to adopting and promoting  their homeland as a destination for forward thinking inhabitants. The design of the school looks fascinating to me as it will have five P-shaped stories, the tail of each P projecting at different angles. What a wonderful environment in which to learn while looking out on a beautiful landscape.

Our Educated Ancestors

My ancestor’s educational records ran the gamut from none to the unknown.  Most of my father’s generation had high school educations, but many of them weren’t able to go onto college because they lacked the money and in their circles there were no family members to foot the bill for anything like it.  The alternative would have been to find private student loan lenders willing instead, to provide the funds.

I imagine that currently some high school graduates might be considering this kind of financing if one of their family members will co-sign with them, providing the co-signer has an excellent credit rating of their own.  Most likely, the better credit score the co-signer has the lower the interest rate the student would have to pay.  Private student loan rates can vary based on the LIBOR or Prime Rate at the time.

Private student loan rates are not restricted to just the full cost of your tuition, but also for any education related expenses such as books, transportation  or housing expenses.  There is no time limit when applying for a private student loan, it can be done at any time of the year.

How did your ancestors pay for their extended education?

 

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