If the organization handles protected health information, or the IRC, the Department of Health and Human Services requires you to conduct a risk analysis as the first step toward implementing safeguards specified in the HIPAA Security Rule, and ultimately achieving HIPAA compliance.
This includes all HIPAA hosting providers.
But what does a risk analysis entail exactly? And what should be included in your report?
The Health and Human Services Security Standards Guide outlines nine mandatory components of a risk analysis.
Conducting a thorough HIPAA risk assessment is extremely difficult to do yourself, though. You may want to contract with a HIPAA auditor to help you.
Most people simply do not know where to look, or they end up bypassing things because they do not understand data security.
If the risk analysis is foundational to your security, then you do not want to see the key elements in the analysis.
There are nine components that healthcare organizations and healthcare-related organizations that store or transmit electronic protected health information must include in their document:
1. Scope of the Analysis
To identify your scope – in other words, flats within your organization.
This includes all ePHI – portable media, desktops and networks.
There are four main parts to consider when defining your scope.
Where PHI starts or enters your environment.
What happens to it once it’s in your system.
Where PHI leaves your entity.
Where the potential or existing leaks are.
2. Data Collection
Below is a list of places to get you started in the documentation of where PHI enters your environment.
Email: How many computers do you use, and who can log on to each of them?
Texts: How many mobile devices are there, and who theirs?
EHR entries: How many staff members are entering in data?
Faxes: How many fax machines do you have?
USPS: How is incoming mail handled?
New patient papers: How many papers are required to fill out? Do they do this at the front desk? Examination room? Somewhere else?
Business associate communications: How do business associates communicate with you?
Databases: Do you receive marketing databases of potential patients to contact?
It’s not enough to know only where PHI begins. You also need to know where it goes once it enters your environment.
To fully understand what happens to PHI in your environment, you have to record all hardware, software, devices, systems, and data storage locations that touch PHI in any way.
And then what happens when PHI leaves your hands? It is your job to ensure that it is transmitted or destroyed in the most secure way possible.
Once you know all the places where PHI is housed, transmitted, and stored, you’ll be better able to safeguard those vulnerable places.
Identify and Document Potential Vulnerabilities and Threats
Once you know what happens during the PHI lifecycle, it’s time to look for the gaps. These gaps create an environment for unsecured PHI to leak in or outside your environment.
The best way to find all possible leaks is to create a PHI flow diagram that documents all of the information you found above and lays it out in a graphical format.
Looking at a diagram makes it easier to understand PHI trails and to identify and document anticipated vulnerabilities and threats.
A vulnerability is a flaw in components, procedures, design, implementation, or internal controls. Vulnerabilities can be fixed.
Some examples of vulnerabilities:
Website coded incorrectly
No office security policies
Computer screens in view of public patient waiting areas
A threat is the potential for a person or thing to trigger a vulnerability. Most threats remain out of your control to change, but they must be identified in order to assess the risk.
Some examples of threats:
Geological threats, such as landslides, earthquakes, and floods
Hackers downloading malware onto a system
Actions of workforce members or business associates
Again, if you’re above-average in terms of compliance, you may only have a minimum understanding of vulnerabilities and threats. It’s crucial to ask a professional for help with your HIPAA risk assessment.
Assess Current Security Measures
Ask yourself what kind of security you are taking to protect your data.
From a technical perspective, this might include any encryption, two-factor authentication, and other security methods HIPAA hosting provider.
Since you now understand how PHI flows in your organization, and can better understand your scope. With that understanding, you can identify the vulnerabilities, the likelihood of threat occurrence and the risk.
Determine the Likelihood of Threat O
How Americans Can Get Their Recipes from Canada
It’s no secret that the medical costs and the American recipes are getting out of reach.
Just last year, EpiPen, which treats sudden allergic reactions (including potentially fatal), jumped in overnight prices to $ 600.
Before that, Daraprim, a drug that helps people with AIDS, rises overnight by 5,000%.
And this happens even with the many drug choices that were not there twenty years ago.
Thanks to such a steep price increase, many Americans are now considering filling out their recipes at Canadian (or even online) pharmacies from Americans.
There are positive and disadvantageous side for patients seeking outside America for cheaper treatment:
Weakness of filling in Canadian pharmacies
The first problem is the general cost.
While Canadian medicines the price may be cheaper, there are shipping and handling fees to consider.
Sometimes, the cost of shipping and handling plus drugs actually makes it more expensive than if purchased at an American pharmacy.
Then there is the US dollar fluctuating versus the Canadian dollar value.
In general, $ 15 USD equals CAD $ 20, but that can change every day.
And, of course, the drugs purchased at a Canadian pharmacy will be sold in CAD.
Another problem is technically illegal.
By law, the Food and Drug Administration must approve all drugs manufactured and sold in the United States.
Drugs produced outside the United States are outside of its jurisdiction.
Plus, while most online pharmacies are proven to be legitimate, some are found to sell low-quality drugs.
The top fills the Canadian pharmacy
Fortunately, though, the drugs purchased in Canada as a whole are much cheaper than those bought in America.
For example, let’s take the drug Copaxone, which commonly treats multiple sclerosis.
A one-month supply in Canada can be as low as $ 1200, but in the US it costs at least $ 4,500.
That’s because the Canadian government controls the price of drugs sold in its pharmacies.
This arranges costs so that pharmacies and companies can not charge whatever they want. Thus, the price must remain within a certain range.
In America, there is no regulation on the price of drugs, which is why an outrageous price increase is allowed.
Pharmacies and companies can charge whatever they want. It spelled bad news for the patient’s bank account.
So really, it’s not hard to see why American patients shop outside their home country for better prices (and in some cases, affordable) as per their recipes.
While technically illegal, the FDA is not quick to prosecute those who fill their prescriptions at Canadian pharmacies.
In general, they sometimes ignore the import of drugs from Canada, as long as the drug is used alone and the patient only has a supply for three months.
There is also an inter-state movement to allow residents to buy drugs from government-approved non-government pharmacies.
This movement is called the “I-SaveRx” program. Countries that have approved the program include Kansas, Missouri, Wisconsin, and Illinois.
Given the movement toward more options available outside the United States, it is best to consider all the options on the table while filling the recipe.
Live in the Dry Season in the Galapagos
Usually, the word “dry season” conjures up arid vision, inadequate. But for the outlying islands of the Galapagos Islands, the dry season is nothing boring.
Unlike some other destinations around the world, the dry moon is actually an ideal time for nature lovers to start a wildlife voyage in the Galapagos. It does not experience a typical tropical climate, and between July and December is actually a time of great activity, migration and breeding. Live in the Dry Season in the Galapagos
What Happens During The Dry Moon?
The archipelago has two distinct seasons: dry and wet. The season here is directly influenced by the cold Humboldt Current, which mixes with warm water from the equatorial currents and causes the rich nutrients (from Humboldt) to rise to the surface. During the dry period of six months, currents are driven toward the island by prevailing trade winds, which have a profound effect on local ecology.
Animal Sea Abundance
With an abundant supply of food, marine life is growing rapidly at this time. Along with the number of fish that can be seen in shallow waters, the population of sharks, octopi, rays and crustaceans swells to a greater proportion. For sea turtles, this is the time of breeding in the prime and December marking the start of their nesting season. Live in the Dry Season in the Galapagos
The height of various volcanic islands means, even in the dry months, there is significant rainfall in some areas. On the plateau, the drizzle and mist of moist known as Garúa is a constant presence and, while under the conditions at the bottom is quite arid, fertile and tropical highlands. Therefore, large numbers of animals – like the Giant Turtles – migrate to higher ground for food. While this seasonal movement occurs on a smaller scale than Africa’s “big migration”, it is the same principle. To find very active wildlife, most trips to wildlife voyages in the Galapagos at this time of the year will include trips to several island plateaues.
Surprisingly, temperatures are lower during the dry months, and during this cold weather many species choose to breed. It is very common among bird species and, when their young are hatched, large numbers of small fish in the surrounding waters serve as a reliable source of food. Boobies, Frigate and Flightless Cormorants begin their marriage early in the dry season, and their numbers increase as the gliders begin to appear in the following months.
Other species that have a higher profile during this breeding period are the unique Lava lizards, migrant sharks, flamingoes, sea lions, penguins, whales and dolphins.
Dry Moon End
At the end of December, as the Humboldt Current slows and rises in temperature, there is a shift in wildlife activity that is clear as the second season of the archipelago – a wet approach. For those planning a wildlife voyage in the Galapagos, no time in a year is a bad time, but the dry season can be a fun and enjoyable time to visit.
Live in the Dry Season in the Galapagos
Upgrade Your Pro Ski Gear in La Plagne
No matter how up to date your ski gear is, there is always room to upgrade. If you are anything like me, then only the latest and best equipment will do, and you know that hav-ing the most current gear is a great way to optimise your performance on the slopes. It is also the best way to turn heads!
In my opinion, the best place to upgrade is always at a ski resort, instead of back home or online. La Plagne is an excellent place to do this, as there are many fully stocked shops. What’s more, it is also one of the best resorts for a holiday with superb skiing and the option of booking a luxury chalet. La Plagne is a much better place to upgrade than back home for the following four reasons:
1. Experts on Hand
For me, the primary reason for upgrading at the resort is that you can get the opinion of experts to find the best and latest gear that is right for you. It can be daunting to shop for skis, boots, helmets, clothing and other gear when there is so much variety. An expert will be able to guide you through what is available, and help you to find the right equipment for your age, gender, height, weight and personal preference.
Another reason to buy at the resort is because of the wide range that’s available to you. Modern ski gear is catered to different terrains and personal tastes, so it is helpful to be in the store and browse a selection. This could be cross-country skis, race skis, mini skis, slope, all-mountain or another type.
3. Try Outs
A huge benefit of buying in La Plagne is that many places will allow you to try out the gear before making a purchase. You never really know how the equipment will perform until you are on the mountain, which is why buying at home is a huge gamble that may not pay off.
La Plagne has a selection of sports shops that are full of the latest gear and have friendly staff to assist you. Here are a few of the best!
Zig Zag – This is a very friendly sports store that’s run by the welcoming and helpful Yannick, who will happily spend time with you to find the right gear. This is very handy, as they have a huge selection of products, stocking all of the major brands like Stockli, Drake, Fisher and Northwave.
Elpro – There are four Elpro stores around the resort, so chances are there will be one close to your chalet. La Plagne’s most experienced skiers come here to shop, as the store always has the very latest equipment and offer everything that you need to hit the slopes in style.
Guidon Sports – Guidon Sports is a popular shop which is conveniently located right in the heart of La Plagne. Guidon also offers high-end clothing and ski equipment with the chance to make huge savings with the generous discounts usually on offer.
Belle Plagne Sports – Belle Plagne Sports renews their skis, snowboards, clothes, boots and accessories each year, so you will always find the latest here. There are three stores around the area, and each has equipment for all abilities. There are plenty of staff members on hand to offer sound advice.
La Plagne is a superb place to upgrade your gear, and it is also a great choice for skiing and relaxing. Thanks to the option of booking a luxury chalet, La Plagne attracts avid skiers from all around the world – so if you are looking to buy the latest gear, this is the best place to do so.
Bringing Life on a School Trip to Normandy
Every dedicated teacher continues to look for ways to encourage the imagination of young learners. Organizing a school trip to bring a dusty page of history to life is (or should be) at the top of the list. No subject benefited more than the opportunity to visit sites where past monumental events had occurred, and no subject offered so many choices when planning school trips.
Exploring the Normandy Heritage Bringing Life on a School Trip to Normandy
The Normandy region of France is a logical choice for school trips, with several sites related to medieval studies to the bloody battles of World War II. From the foundation level to the GCSE level, students can benefit from various programs in museums and monuments, many of which can be tailored specifically to curriculum requirements.
History of the Middle Ages
For students studying the Norman Conquest, the trip to Normandy led them to where it all began. Visiting the Bayeux rugs introduced them to early medieval art; these preserved magnificent artifacts are one of the most valuable historical sources available to teach the period to the students. As a complete and compelling visual narrative of the events surrounding the Norman Conquest, this serves as a real learning aid to inspire deeper appreciation of the era, both for the primary and secondary groups. Bringing Life on a School Trip to Normandy
Falaise Castle is another very important site for those who focus on the Middle Ages. The birthplace of William the Conqueror is a great example of medieval architecture, and visiting the site allows students to give knowledge of this important sovereignty, the first Norman King of England, into the historical context.
For young people who study the events of World War II, Normandy is an active learning center, with many sites and monuments related to combat performed on French soil. No amount of textbook reading can come close to a deep experience of visiting beaches and battlefields where these events took place and so many youths lost their lives.
The WWII site in the region serves as a serious war heritage and provides an excellent source of education, not just for historical subjects, but also related to politics and social studies. The tour of the cemetery and the battlefield brings home the real reality of war and can not but leave an indelible imprint on young hearts and minds, while a museum with cutting-edge technology serves to bring the drama of the Normandy invasion into real life.
But more than simply providing an opportunity to elaborate facts and meet the curriculum requirements, visiting the WWII site in Normandy is an opportunity for an educator to give young people an insight into the gravity of war, its consequences and impact. Bringing Life on a School Trip to Normandy
This beautiful part of France is capable of sparking a passion for history and learning in groups of various ages in curricular studies, making it the perfect destination for school trips. It’s also very practical in terms of budget and logistics, with the Channel Crossing from Folkestone ensuring a quick trip from the UK.
John Gardiner is Managing Director of The School Travel Company, a tour operator specializing in school trips for schools and youth groups to the UK, Europe and beyond. As a father and avid traveler, John is keen to provide students with a valuable and exciting learning experience outside the classroom. By sharing expert advice with teachers, he allows them to inspire their students and continue their studies into life. Bringing Life on a School Trip to Normandy
French Cruise Secrets: Marne River
River Marne has inspired artists, such as Cézanne and Pissarro, for many years, and continues to inspire everyone who meets today. Barging vacations in France are an ideal way to experience the rich history of Marne, as well as learn more about technical accomplishments that help make it an important trade route across the country. French Cruise Secrets: Marne River
To the Seine: The River Marne Basics
The French waterway is 514 kilometers long and starts in the Langres highlands. The river headed west, joining the famous Seine Seine in the upper reaches of Paris. On its way through the French countryside, Marne passes through a captivating location like Meaux – famous for its ‘Prince of Cheese’ brie – and Jouarre village, home to a stunning 12th century Benedictine monastery. Along with its centuries-old heritage, this French region has an impressive wine-growing tradition. French Cruise Secrets: Marne River
The oldest lotus in France?
The Canal de Cornillon at Meaux was built about 800 years ago at the beginning of the 13th century. This canal is the oldest in France and built as a 500m short cut, bypassing a very generous watering river. In the nineteenth century, Marne became an important trade route, connecting Paris with the eastern rivers, therefore many lateral canals were built to aid its navigation. The most impressive canal is the 64-kilometer Canal latéal à la Marne, which handles a height difference of over 30 meters with 15 keys.
What to Look For in Barge Vacations in France
If you are lucky enough to sail along Marne during your barge vacation in France, there are some sites you should not miss. The countryside around the river was very important in the second world war. In fact, Château-Thierry – best known for its multiple war graves and warnings – is at the center of the last German attack on WW1. Visit the funeral that runs in Belleau Wood, which was established in honor of the 4th Marine Brigade of the 2nd Army Division of the U.S. The remains of the nearby trenches and shell holes serve as a visual reminder of the battles that occurred in this area.
With a lighter note, you should visit the delightful city of Epernay – the Champagne capital (the drink!). The famous Avenue de Champagne is lined with impressive mansions and is home to the region’s most prestigious wine producers, if not the world. You’ll find people like Moët et Chandon, Mercier, Veuve Clicquot, Pol Roger and de Castellane. As you roam around town remember that over 200 underground cave miles are under your feet. Sprinkled with some of the world’s most whiny bubbly, some of these cellars are open for tours, a wonderful introduction to the Champagne magic world.
Perhaps this glimpse of Marne River culture and history has encouraged you to venture into its waters for the next barge vacation in France. French Cruise Secrets: Marne River
Paul Newman is a Marketing and E-Systems Executive for European Waterways, the UK’s most respected provider if you are looking for a complete luxury barge vacation in France or other great destinations. Part of an experienced barge team, Paul first queued to support a slow-paced barging cruise facility for anyone looking for a unique holiday experience. French Cruise Secrets: Marne River
Cheers and Beers: Laidback Venues in La Plagne
Many people believe that après ski is all about thumping music, dancing on tables and staying up all night. Whilst this certainly is possible and great fun on occasion, it is not for everyone.
Fortunately, places like La Plagne have great diversity and suitable establishments for every taste. If your tabletop dancing days are behind you but you still enjoy a few beers and a laugh, La Plagne has plenty of more relaxed, pub-style venues to choose from.
These boozers are great places for having a few beers, chilling with your mates and ex-changing your stories from the day with fellow skiers. You can then leave at a reasonable hour and retire to your catered chalet. La Plagne has many great drinking establishments, but read on to find out which ones you simply cannot miss!
Bar La Mine – Brilliantly located in the heart of the action at Plagne 1800, English pub Bar la Mine has DJs and live music, TVs showing live sport and a mining theme. It also has an enormous selection of beers, ciders and wines. It is a popular après spot, so there is always a lively and friendly atmosphere, but there is also plenty of space to sit down and talk or watch the game. The venue is right next to the slopes, making it the perfect place to meet after a long day on the slopes.
Igloo Igloo – This is a funky bar that’s designed like an igloo, and is found inside Plagne Centre’s Galérie du Pelvoux. Step inside and you will be blown away by the neon colours and icy decor, featuring half life-sized polar bears and penguins. Igloo Igloo is a premier spot for DJs and live bands, but you can also sit down on the faux-ice white seats and sip on a homemade cocktail. There are even complimentary nibbles if you get there early, and many patrons comment on the friendliness of the staff.
Le Luna Bar – If you’re looking for a cool rustic-style pub with dim lights, lots of seating and a chilled out atmosphere with occasional live music, Le Luna Bar is the right place for you. It offers a refreshing change of pace from the clubs, which can be hard to have a conversation in. I really like this bar because it has fun pub games on hand, such as table football, darts and pool. Beers, whiskies, cocktails, wines and non-alcoholic drinks are all on the menu, and it is a great spot for a relaxed drink after shredding powder. You can find Le Luna Bar in the Plagne Centre, and is likely to be just a stone’s throw away from your catered chalet. La Plagne regulars often cite this as the best establishment for a relaxed pub in the area.
Bar le 5 a 7 Siete – Bar le 5 a 7 Siete is located in La Plagne Soleil/Village, and is my number one choice for a drink in the area. This cosy wine bar is ideal after a freezing day on the slopes, as you can get comfortable in front of the roaring log fire, sip on your favourite wine and catch up with friends. Alternatively, order tapas and enjoy them out on the brilliant sun terrace, from where you can enjoy lovely views of the surrounding area.
These are just a few of the great drinking establishments, but there are many others to choose from. The best part is that you never have to venture far from your catered cha-let! La Plagne attracts groups of young friends looking for fun yet casual nights out, and it is easy to see why
Knowing how to use online marketing is so different than knowing how to fix air conditioning units at home.
Your company may be the best at creating HVAC solutions, but without HVAC marketing to support it, finding new clients can be a slow process.
However, when you combine marketing efforts with great results, growth opportunities are endless.
While marketing may not be your specialty, do not avoid trying it.
Here are five strategies to use when doing your online marketing.
1. Run Competition Analysis
Before you do something with your online presence, research the way your competitors try to stand out.
What keywords do your industry see as the most valuable?
Do local competitors have strong social media?
Getting detailed and up-to-date answers to these questions will point you in the right direction for your HVAC marketing strategy.
Remember, if you’re just starting to use online marketing, you’re playing catch-up. Finding your competitors’ tactics can help overcome those shortcomings.
2. Always Think About Conversions
Once you’re ready to start selecting search keywords and setting up an overall budget, remember to keep conversion as your number one destination.
Prioritizing traffic over conversions is like distributing 100 flyers and not paying attention to whether 10 or 80 people respond. Getting online attention is great, and traffic often improves brand recognition, but ROI is no greater than conversion.
The better you can make sales, the more efficiently your budget is spent. Over time, this results in more profits due to less effort.
3. Focus on Your Content
One of the main ways to achieve a good conversion rate is to consistently produce new content.
For HVAC marketing, “consistent” means two things – frequent, and in-brand. You must produce enough content to remain relevant in your customers’ minds, but there must be a strategy behind it.
The more messages you have, the better potential customers will get to know you. They will get used to the value and personality of your brand. Over time, this could mean easily recognizing an AC Kaiser rather than a competitor.
Plus, the information will be more accessible because consistent content improves SEO performance.
4. Get Client Testimonials
Another way to increase conversions is to build testimonial pages.
This makes your site more trustworthy and approachable. It’s like taking an old school method of relying on word of mouth and using it in a way that consumers are now conditioned to respond.
Testimonials can be a deal breaker for consumers who do their research. If your reviews are easy to find and associate, there is a greater chance someone picks you than a competitor who does not use testimonials.
5. Consult a Professional
This is the most important tip on our list.
At the end of the day, everyone has their special skills, and is not expected for HVAC marketing to be a common skill. However, contacting a content marketing group is like getting insurance for your online venture.
It connects you to a team of professionals who are ready to improve your business and build conversions. They will have your back and focus on the right strategy, while you focus on providing the best HVAC service possible.
Improve Your HVAC Marketing Approach
When individuals can focus on their specialty, everyone will win.
Let us develop your online marketing strategy into a successful campaign and impressive conversions. It takes pressure off your shoulders and lets you get back to providing quality customer service when we handle it online.
Ready to build your prospects and get more clients?
Rose Color Meaning What Do You Actually Say
Giving a bouquet of roses is a gesture that everyone will appreciate. Make sure the color is correct! Different color roses have different meanings, so one should choose carefully.
To avoid making mistakes or convey something too strong, brush on the meaning of the color of roses below!
Meaning of Roses
Roses are red roses
There was once a classic red roses everywhere during Valentine’s Day. Their rich colors and beauty convey deep romantic love.
In ancient Greece and Rome, the red rose was a flower given to Venus and Aphrodite, the goddess of love. Loving lovers will place them in their temple for luck in romance.
Lovers have given roses since the fall of the Roman empire and its practice has been tested by time. They are suitable for special dates, birthday couples, or Valentine’s Day.
Pink Rose Rose Color Meaning What Do You Actually Say
The beautiful and simple pink roses are versatile in their meaning. Initially, they stand for love early or early but they can also express gratitude.
Light pink roses are reserved for novice romance and admiration. They are perfect for expressing emotions without saying “I love you.”
The dark pink rose, on the other hand, thanks and appreciates. They are a wonderful way to say thank you and will make the table partly striking.
The purple rose symbolizes charm and to acknowledge love at first glance. The dark purple rose conveys a lasting love and is often seen on anniversaries.
Attacking its simplicity, white roses are often seen in marriage and birth. Their color reminds the mind of innocence and purity.
Along with purity, they expressed hope of a hopeful new beginning and have evolved to say, “I am thinking of you.” White roses are appropriate for funerals and also sympathy expressions.
Rose cream, white cousins’ darker cousins, representing grace and platonic love. They are a wonderful choice for performances and performances.
Yellow Rose Rose Color Meaning What Do You Actually Say
The yellow rose has a bright and happy attitude and is perfect for encouraging people. They express the feeling of fun and platonic that is perfect for close friends.
Their bright presence makes them deserve the best interest. They are perfect for sending to a friend after illness or surgery.
The most unused of roses, orange roses can reveal many things. Their bright colors convey enthusiasm and enthusiasm in all kinds of different contexts.
Add orange roses to other color bouquets to make the meaning of other roses stronger. The combination of red and orange roses will express a more intense love than a red rose alone.
Giving a single rose is an elegant gesture but less of an impact than a bouquet. The classic rose flower bouquet has six or twelve and is not made up of roses and occasional baby breath.
If the meaning of the color of the rose avoids you, the florist will gladly recommend the appropriate color. No matter the color, the recipient will be very happy to receive them.
Is there any color in this list that is surprising? Let us know in his comments!
The whole reason you go to college in the first place is to give yourself a better future. You have big dreams to work hard when you’re young and retire early and enjoy the rest of your life without stressing things like financial stability.
So you take a student loan, so sure you’ll get a perfect job after graduation and can pay it off again without losing.
Unfortunately, life is not always so tidy and now you find that you are one of 44.2 million people whose lives are held back by federal or private student loan loans.
And retirement is getting closer from day to day.
You have three obvious choices when considering how to deal with student loans vs. retirement – and for those who know doing your homework does not stop when you throw your graduation cap in the air, there is a fourth option to consider.
1. Loan now, retire later
For many, this is the best option. Sure, this will tie up the funds for now and now – something you really need to consider if the future holds a mortgage or pram. But if you can scrape it now, you might just come out on top in the future.
By focusing on repaying student loans as soon as possible, you’ll save a lot of money you pay, which often means meaningful change.
The weakness of this approach is obvious.
More often than not, a job with a perfect high salary does not fall out of the sky once you graduate. If you find yourself in a job to do right now while you’re out of college, chances are you do not have much money to put into your student loans.
Prioritizing paying off student loans will also tie up a lot of your money for the near future, let alone a longer future. Retirement is the last thing you have in mind and if you are not careful, it will sit behind the stove for too long.
2. Pension now with minimum loan repayment
Some people choose the opposite approach.
By prioritizing savings now, you have the comfort to know that you always have a safety net there when you need them.
However, you can not just ignore student loan payments. You still have the minimum payment you need to make each month.
Moreover, the longer you wait to deal with your student loans, the more you end up having to pay interest, making this option much more expensive in the long run.
3. A little of both
This is a middle ground and many people consider this a happy medium between two extremes.
You pay a little more than the minimum on your student loan each month and then put a little into savings for retirement.
In the end, you will pay a portion for the interest, but you will also have a healthy pension.
4. Forgiveness of the loan
Forgiveness of student loans is an option that no one realizes.
While this is not a free card that is not tied to a rope, as this may be a very viable option for you to see.
Some programs offer to forgive the entire loan amount, together with unpaid interest. Others work by forgiving the remaining balance of the loan at the end of the repayment period.
You know it’s important to pay off your debts and save for the future. Now you know your choice.