Student Education Loan Fund, Inc (Abridge) - 1409 Words

Student Education Loan Fund, Inc (Abridge) Introduction Background of case Study Rick Melnick is an Associate Director of Financial Management at Harvard Business School (HBS). He had decision to make regarding the new funding policy under the management of Student Educational Loan Fund (SELF). SELF was established in 1961 to fund loans to HBS. Traditionally, HBS student loans required the borrower to pay semi-annually with variable interest rate policy. Under the new plan, the students would receive monthly paid plus fixed-rate interest. With this new plan the management believed that it will reduce the rate of delinquency among the students. Basically in 1996, the tuition fee for two-year MBA program at HBS was $42,000. The†¦show more content†¦citizens and permanent residents | U.S. citizens and permanent residents, citizens of Australia, Canada, Mexico and etc | Limits: Annual Aggregate | $8,500 (subsidized) $18,500 (total) N/A | $5,000 Subject to availability | Education cost minus other financial aid Subject to bank discretion | N/A Total must not $62,000 | Fees: Interest rate | 4% Reset each July based on recent 13-week T-Bill rate + 3.1%; capped at 8.25% | None 5% fixed | 5-10% Varies (typically prime plus 1.5%-2.0%) | None Reset every 6 months base on SELF’s cost of capital | Repayments: Commence style | 6 month after graduation Monthly | 6-9 month after graduation Monthly | Varies Monthly | 6 month after graduation Semi annually | Loan maturity (maximum) | 10 years | 10 years | 10-25 years | 5 years | Question 2 Ignoring prepayment risk, what fixed-rate should SELF set on its loans, given the data in the case? (Assuming that the rates are being set for students who will graduate begin to pay off their loan in the current month.) LIBOR + BP* Fixed- rate *BP=Basis Point * 5% of unused part of commitment is $318,000 (1995) with an average of unused portion 318,000/0.05 = $6.36 mil. Due to SELF’s loan from 2 banks the portion will be equal to = 15 Million, if calculated the total of unused commitment will be equal to = 42%

American who art thou Free Essays

string(36) " as Duncan is able to rescue Uncas\." â€Å"I have lived to see the last warrior of the wise race of the Mohicans† laments Tamenund (Cooper 382) in the book Last of the Mohicans. The death of Uncas and Cora marks the end of the Mohican people. Chingachgook indeed outlived Uncas his son but he is now childless and his people will now pass into legend and song. We will write a custom essay sample on American who art thou? or any similar topic only for you Order Now Ironically, the people described by Cooper in his book are Mohicans (Britanica). But their names rightly belong to another tribe known as the Mohegan (Britanica). The adventures of Uncas shed light on the true meaning of American. An American is a truly difficult to define creature. The US constitution defines as; All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside. No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any State deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws. (Section 1) US citizenship, for those who are not born with it, is surprisingly hard to acquire. Yet thousands of people from the third-world will try every year to gain entry. America is believed to be the land of milk and honey. Millions more would attempt to enter if they only had the means. All seek the freedom and liberty promised by the Statute of Liberty to the Huddled masses. Those who are not Natural Born American Citizens can aspire to receive visa to work in the States. If fortune smiles upon them they can be granted citizenship after proving themselves to be good law abiding people. This also in tales absorbing American Values and ethics although compared to other nations America has a high tolerance for those who thing out of the box and the non-conformists. Media can often be used to reinforce or even create a new identity for a people. For example, Nazi propaganda transformed the innocent Jews into the demons who were behind all the ills of the world. The book last of the Mohicans and the movie last of the Dogmen are examples, of how media can be used to form a country’s sense of identity. In the movie Last of the Dogmen, Lewis Gates pursues escaped convicts into the Montana countryside. All he recovers are a few scraps of cloth, some blood and an old fashioned Indian arrow. Despite the doubts of scientist, Gates believed that the there is a lost Indian tribe somewhere out there. Working on a hunch the Indian arrow leads him down a trail of pursuit of a lost tribe of Dog Soldiers. He eventually encounters the Dog soldiers and they believe him to be their foe. Upon his escape he essays to protect them from being discovered and polluted by civilization. In the movie the American was defined as a Native American, one of the Dog Soldiers whose ancestors once roamed the plains of America free and untamed by today’s mores. The noble savage is worthy of protection from the corrupting influence of mainstream society. By comparison the Last of the Mohicans is about a Mohican caught in the French-English war in Canada. The French are trying to overwhelm Fort William Henry with the aid of the Hurons and the Iroquis. Hawkeye is given the task of escorting the commanders two daughters to safety past the Indians. On the road they encounter Chingachgook and Uncas the last of the Mohicans in the region. The plot of Hawkeye’s guide is soon exposed the guide betrays the company and the two Mohicans agree to be their guides. In the forest, Hawkeye, the Mohicans and their charges face many perils including many Indians who are haunting the woods in search of them. One of the members of the group is wounded by a sniper and they are soon immobilized. The group hides in a cave but a flushed out by a much larger party of Hurons. Now prisoners of the Hurons they are granted a chance at freedom if Cora would but consider to marry Magua. Haughty Cora refuses and soon the enraged Magua decides that the entire party should just die. At that very moment, the Mohicans and Hawkeye attack rescuing the captives and slaughtering the Hurons. Magua escapes but the captives are now safe. Eventually they stop at an old building where a lot of Mohicans died and where Chingachgook and Hawkeye fought together. Soon they are finally within the fort’s walls and are safe. In the fort, Duncan wonders how the fort can hold off so many attackers. Their only hope is for Webb to arrive with reinforcements. Duncan is sent as an emissary to the French commander Montcalm. All this succeeds in doing is letting Duncan know that the Frech are aware of the dire plight of the English Fort. The commanders, Montcalm and Munro eventually meet and Montcalm hands Munro a letter detailing how Webb is unable to send reinforcement. He asks the English to surrender. Munro naturally abhors surrender, but upon hearing the generous terms offered by the Frenchman agrees to sign a treaty. Peace it seems is achieved. But not all are pleased with the accord. Magua is indignant in claiming that his warriors will have no scalps while the white men become friends. While the English are fleeing from Fort William Henry the Hurons attack killing many innocent people. Cora is found by Magua and again he asks for her to be his wife but again she refused. So Magua captures Alice instead. A rescue effort goes horribly wrong when Duncan, Uncas and Hawkeye go to the Huron Village. Uncas is caught and is at the mercy of the Huron. This time the rescue goes well as Duncan is able to rescue Uncas. You read "American who art thou?" in category "Essay examples" After a side-trip among the Delaware who are overjoyed at seeing Uncas, a Mohican. Uncas prepares his forces to attack the Hurons. In the battle that follows Magua is killed, Cora is also killed but ere the battle is ended Uncas too dies. Oddly, enough Cooper’s view of Mohican Indian is wildly at variance with the movie version. Cooper’s Mohicans are musket carrying warrior who could fight equally well as the Europeans they traveled with. By comparison   Wyeth portrays Uncas with a dagger, a tomahawk, and a bow and arrow-weapons of precolonial warfare and the customary attributes of an Indian brave. Cooper’s Uncas suggests the complexity of the character’s position as a conventionally educated, English-speaking American Indian, Wyeth generalizes and romanticizes the Indian hero’s appearance. Wyeth’s version simply conforms to his understanding of American Indians, which was tightly bound to the ideal of an untamed wilderness. Hawkeye is the book’s consummate American, he is the friend of Chingchagook. In chapter three of the Indian’s struggle for identity is first given shape. He was of unmixed blood and his tribe is the grandfather of nations. In the past his people fought the Iroquis, who were now mercenaries at the employ of the French, However, now the tribe is depleted and only Uncas his son remains of the Mohicans. Uncas and Chingchagook are firmly with the English as they are prepared to die fighting the Iroquis. Also in this chapter is the interplay of ideas and beliefs between Chingchagook and Hawkeye. This would later be an important ideal of Americans. The free exchange of ideas and belief or the so called Marketplace of ideas. Another example of the struggle was the discrimination Cora Munro suffered as opposed to the respect that Alice Munro received. Both were the daughters of a prominent military commander but because of Cora’s skin color and heritage she is looked down upon. Although later in the story she would fall in love with Uncas. An American is one who can identify with the values and morals of the American people in General. It is the question of what those values are that is problematic. One of the first defining events of being an American was Declaration of independence. As written by Thomas Jefferson the American people believed that â€Å"All men are created free and equal under God†. Previous to the declaration, Americans were still very much under the heel of the primitive feudal system they inherited from the British. The King, three thousand miles away ruled their lives by fiat. His lords and nobles ran roughshod over his subjects. This same struggle for equality is seen when Chingchagook and Hawkeye are discussing the differences between the English and the Mohicans. Another related event was the Civil war. The ideal of free and equal was put to the test. Till then it was a hypocrisy, the US claimed that its people lived in equality. Yet in the Southern States nearly 1/3 of all people were slaves who had no civil and political rights. The black man was a slave unfitting even of the title man, he toiled in the cotton plantations endlessly providing wealth for the arrogant white masters. Tens of Thousands would die before the African-American could take part and received citizenship in the country. An example, of this discrimination is when Cora rejects Magua’s offer to be his wife. In exchange for the freedom of the thralls. Still Cora refuses because even if she was a Quadroon she still held herself better than the filthy Indian Magua. However, even with the Emancipation declaration, the â€Å"black man† was still relegated to a second class citizen. It was not until Martin Luther King Jr. came forth daring violence and persecution in order end the discrimination and bigotry that plagued African Americans in the south. The struggle for equality can also been seen in the desire of Magua to be wed to Cora where Cora constantly refuses him because of his inferior stock. In the past, there were laws in place, particularly in the south, which prevented a black person from marrying a white person. Manifest Destiny, that doctrine that said that America should expand to the Pacific and beyond was another important even that helped change the American Identity. The Expansion to the west would come at the expense of Mexicans and Indians who would lose their lands. In that point of history a great influx of Irish, Germans and other European immigrants came to America to seek the freedom promised by the Statute of liberty. They were soon welded into the American people and brought their work ethic and industry to the increase the vigor of the rising Hercules that was the Union. The World Wars are another defining event in American History because the US having gained prominence among nations was now ready to take its place among the stars. America sent legions of its finest youths to go forth and fight in Europe and Asia for the defense of the weak and innocent against those who would oppress them. The same way Uncas was willing to endanger himself for the sake of foreigners he barely knew. The American identity remains vague and hard to define. Literature and other media can help express and expound it. But ultimately it must shine forth from the heart of every American Citizen. Simply, put an American is one who lives and breathes the American ideals. In a sense Hawkeye was an American because he respected the views of those who were not in concurrence with his. He also fought hard for the protection of the weak and innocent. Finally, he was a true friend to his allies. Works Cited Cooper, James The Last of the Mohicans. Edwards Brothers Inc 2006 Ed â€Å":Mohican† (history), Encyclopà ¦dia Britannica, 2007, webpage: EB-Mohicans. (Last accessed 11 Dec 2007) â€Å"Mohegan † (history), Encyclopà ¦dia Britannica, 2007, webpage: EB-Mahican. (Last accessed 11 Dec 2007) U.S. Constitution. Micheals, Joel B â€Å"The Last of the Dogmen† 8 Sept 1995 WYETH’S NOBLE SAVAGE Sep/Oct 2007. Vol. 28, Iss. 5; pg. 23, 1 pgs How to cite American who art thou?, Essay examples

Safe Sex (1713 words) Essay Example For Students

Safe Sex (1713 words) Essay Safe SexSafe SexBy Stephen HealyThe act of sex is a shared union between two people through passionate feelings, which is intended for procreation and enjoyment. Safe sex is something that should be practiced if the two people are not married and/or cannot handle the consequences of their actions. The consequences include the creation of a child and sexually transmitted diseases. The only prevention methods of prevention of these two consequences include the wearing of condoms, female contraceptives, celibacy and surgery to make either partner sterile. There has been a lot of publication and media attention given to the subject of teen pregnancy because this rate has been dramatically been increasing over the past twenty years. This is because of experimentation and the increase of provocative dress and more acceptances of higher sexual limits in public. There is also the issue of those who do so as a rebellion against their parents rules but this is a more rare occurrence. Teens are more vulnerable to pregnancy because of a lack of education in school and at home and a lack of thought given toward the consequences of their actions. Teens also account for the largest portion of abortions in this country as well, which causes distress over their rate of sexual activities. Sex is a powerful tool for human beings to possess the ability to act on. It has changed the way businesses are run and operated because of sexual harassment, and also have changed what students can and cant wear to high schools and elementary schools. The increase in sexual activity has also led to a major increase in the number of abortions that are performed. This has led to an increase in court disputes over abortion and riots over abortion. Safe sex is important because the physical dangers can be incredibly damaging and even life threatening. New sexually transmitted diseases come out everyday. Aids herpes, ghoneria, syphilis, crabs and many more affect millions of people everyday. Some a re curable but many arent as of yet. This is a scary thought when someone decides to engage in sexual activities with another. The first thought in many cases nowadays isnt whether or not you are sure about the partner you are with, but rather if you are sure about the act that you about to perform. Everyone knows that alcohol decreases motor skills and it also decreases a persons inhibitions and abilities to say no to things. This major cause for people who are normally the most responsible people in the world engage in unprotected sex. There is a thought at the time that its just one time, what are the chances, and Im sure the other person is tested and is on the pill. Well the statistics say otherwise. In the year 1999 alone over 5.5 million people were infected with the deadly HIV virus. Some of these people didnt get full-blown aids yet, but many did. Teenagers who seem to be more at risk in all this are no exception to this rule. Statistics say that in 1999 from the age of 15 and up, 620,ooo children are infected with the aid virus. Now what are the odds that these children have even been properly introduced to sexual education and the reality of the seriousness of their decisions and actions? Many people do not engage in safe sex because they say that the condom decreases the level of comfort and enjoyment during the act. This may be true, but these people should ask a person with herpes or aids if the choice to not wear a condom is a smart one or not. The comfort will still be there and these people need to put their future ahead of their present happiness. Some diseases can prevent the ability to have children and others can be contagious through sex or even kissing and oral sex. For those who dont know, I will explain what the AIDS virus does to the human body. The virus eats away at your immune system so that it has nothing to fight off bacteria and things like the flu with. The body cannot sustain a fight with other viruses and the person becomes s ick and weaker. Also the disease lowers the bodys red blood cell count which makes bones weaker and also aids in helping with the fighting off of other infections and sicknesses. Many people who die from AIDS die because they cannot fight off other infections or illnesses like the flu or pneumonia. The body is worn away from the infections and the AIDS itself and then the body cannot sustain its fight against other bacteria and the body becomes more vulnerable to other diseases such as cancer. AIDS killed 2.8 million people in 1999. Many people used to think that the aids virus would only kill men because of homosexuality becoming more prevalent at the time of the startup of the epidemic. The statistics though say otherwise because women are infected approximately 50% of the time that men are. Also women who have children after they contract the disease pass on the disease to their children who have to live the rest of their already shortened life paying for the bad decisions that t heir parents made. The fact is that in the U.S alone there are a total of 6,753 children under the age of 5 who are living with the HIV virus. These children did nothing wrong before being brought into the world but because of there parents irresponsible behavior; these children will die earlier than they should. It is true that condom sales have gone up since the AIDS epidemic came out and was more publicized but this doesnt mean that the people who bought the condoms used them. There needs to be more than just the fact that condoms are available. There needs to be more of a push to buy them for people. I conducted a little experiment with a local supermarket near my house. I let my fifteen-year-old sister go up to the counter to try to buy condoms. First of all the person at the counter wouldnt sell them to her initially. Then after a bunch of dirty looks the person sold them to her because of the fuss she had to put up to get them. Now at the age of fifteen, my sister has the abi lity to have children and who knows whether or not she would have gone ahead and had sexual relations without a condom because she tried and got denied for the sale of a box of condoms. Though parents are worried about talking to children about sex because they feel that it will promote the act more, there should be some education early on in the childhood. This is because there are obviously statistical proof that children are engaging in sex at an earlier age than ever. Schools should administer condoms in bathrooms and parents should be able to talk to their children about sex. There is a level of insecurity, embarrassment, and even fear for parents when this topic is brought up because they think that their child would never do that. Well statistics prove that they are and the odds I am willing to be would be increased if I looked could look up the statistics of whether or not parents had talked to these children beforehand. I went to a Catholic high school where it was taboo to mention the word sex let alone have a class that taught the responsible behavior that it should entail. Realistically this is an issue that should be spoken about to children and young adults so that they dont make the mistakes that millions of Americans and other people do everyday. Safe sex is important for both the woman and the man involved to be worried about. The statistics show that women are getting AIDS at a slightly faster rate than men are if you compare the numbers on the scale of number of people contracting it from year to year. For women the contraction of some diseases is more fatal because this will either increase the chances of her not having children at all or will increase the chances of her passing on the disease to the children she will be able to have. Men have a little more luxury in that they do not have to worry or carry the guilt of passing on the disease to children directly but rather only to other partners. This is why I believe that women need to be more cautious about being more responsible for being fully protected during sexual intercourse. I advise that women be on the pill and also make the man use a condom. The combination of the two will increase the chances that much more of not having children and also not contracting any diseases. Safe sex is something that should be taught and preached to children by parents. It is like anything else that parents teach; things have to begin at home. They are like morals, sexual morals for children. The parents must be given the responsibility to start the process off but the schools must be smart enough to realize that they must play a role in this process also. Sexual education classes must be offered, condoms be available and students be comfortable to talk to the teacher that teaches the class about any issues that may be happening in their life. School councilors should also be a big help to the students in their sexual education. Safe sex is something to benefits all people who are involved in it. It helps save lives and prevent the destroying of millions more. IT is an important part of my life because I like many college students had a scare in the past with pregnancy and has never worn a condom since. Thank you. Reference1. HIV and AIDS statistics, www.avert.org/statindx.html; www.yahoo.com2. HIV and AIDS statistics, www.avert.org/worldsstats.html ; www.yahoo.com3. HIV and AIDS statistics, www.avert.org/usastata.html ; www.yahoo.com4. HIV and AIDS statistics, www.avert.org/usastatrage.html ; www.yahoo.com5. Safe sex and safer sex, www.geocites.com/elysianfacsimile/safe.html ; www.yahoo.com. Sociology Essays .u313fdc93a6b3cd465aa6c18144e72693 , .u313fdc93a6b3cd465aa6c18144e72693 .postImageUrl , .u313fdc93a6b3cd465aa6c18144e72693 .centered-text-area { min-height: 80px; position: relative; } .u313fdc93a6b3cd465aa6c18144e72693 , .u313fdc93a6b3cd465aa6c18144e72693:hover , .u313fdc93a6b3cd465aa6c18144e72693:visited , .u313fdc93a6b3cd465aa6c18144e72693:active { border:0!important; } .u313fdc93a6b3cd465aa6c18144e72693 .clearfix:after { content: ""; display: table; clear: both; } .u313fdc93a6b3cd465aa6c18144e72693 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u313fdc93a6b3cd465aa6c18144e72693:active , .u313fdc93a6b3cd465aa6c18144e72693:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u313fdc93a6b3cd465aa6c18144e72693 .centered-text-area { width: 100%; position: relative ; } .u313fdc93a6b3cd465aa6c18144e72693 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u313fdc93a6b3cd465aa6c18144e72693 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u313fdc93a6b3cd465aa6c18144e72693 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u313fdc93a6b3cd465aa6c18144e72693:hover .ctaButton { background-color: #34495E!important; } .u313fdc93a6b3cd465aa6c18144e72693 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u313fdc93a6b3cd465aa6c18144e72693 .u313fdc93a6b3cd465aa6c18144e72693-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u313fdc93a6b3cd465aa6c18144e72693:after { content: ""; display: block; clear: both; } READ: Alzheimers Essay