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To better understand the concept of student loan consolidation, I'm going to give you a crappy example I've made up just awhile ago. It's not that good (it's crappy), but it should be able to make the topic a bit easier to understand. Here it is: you've been assigned by your mom to rake the leaves on the lawn. She wants you to gather them into 5 equal piles, burn it, and distribute it to 5 of her friends (for some stupid unknown reason). You find that very unreasonable as well as difficult and time consuming. Not to mention the energy and frustration you'll be going through while at it.
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Pittsburgh Schools have not shown significant improvement as measured by the Annual Yearly Progress (AYP) assessment. Due to the district’s inability to show improvements mandated by the No Child Left Behind Act for 4 consecutive years, Pittsburgh Schools were required to make significant changes in the 2006-2007 school year. Those changes included closing 22 schools, opening accelerated learning academies, and adding more k-8 schools.  
So to make things easier, you get someone else to do it for you. You pile the leaves in a big bundle and have the guy you've hired do all the dirty work for you. Again the example sucks, but that's the way student loan consolidation works. I'll explain it here: going to college is one of the most expensive events that are going to happen in your life, and it's hard to stumble across an individual that doesn't need to take out several loans to cope up with all the expenses. Now, student loans may in general be categorized under two types, the first being: federal student loans.
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This type is given through the US Department of Education's Federal Student Aid programs, and considered the fastest and easiest type a student may get his hands on. The 2nd type is private student loans, which are obtained at financial institutions, such as the bank. Now whichever of the two you pick, there's probably going to be a lot of them availed, which means you'll be taking multiple loans. That means you could be paying back different lenders and paying for loans with various deadlines and interest rates, which is going to be a burden on your part. So to make things easier, you go for the method of student loan consolidation, where you put all those debts into one big "bag", which means it's treated as a singular or consolidated loan.
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That's convenient on your part because you make single monthly payments instead of many. There's something that you should always remember though, which is not to consolidate the federal type with the private type. You see the interest on federal student loans is tax deductible, while the interest on the private type isn't. By combining them, you lose the tax deduction - so don't do that. What's going to make you eligible for this service? Well basically there are 3 determining factors, the first being: you aren't enrolled in any school anymore. The second is you've shown good conduct with paying your loans.
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3rd is you're in the 6 month post-grad grace period. So what are the other benefits you should expect to gain when going for student loan consolidation (aside from convenience)? There are basically 3 advantages for you to gain here, namely: a lower rate of interest and reduction of monthly payments as the loan payback period is increased to 30 years. When you graduate, you're going to have to pay everything you own back (obviously). So to make things easier for yourself, consolidate them.
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Superintendent Mark Roosevelt felt the “slow improvement” of Pittsburgh Schools also required some other big changes, starting at the top. Pittsburgh Schools will institute a district wide administrator training and management plan called the Pittsburgh Urban Leadership System for Excellence (PULSE). PULSE will require greater support for new principals, enhanced training for potential administrators, and tougher standards on principal evaluations. But the most notable component is the plan to eliminate annual step increases, and institute a pay for performance plan, for all Pittsburgh Schools’ principals.
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Pittsburgh Schools applied for an $8.9 million federal grant to fund the program, and anticipate a response in June of this year. If the grant is approved, the traditional step increases Pittsburgh Principals are used to will be replaced by a $2000 increase in base pay. That would be tied to progress in meeting 28 performance-based goals. The other part of the incentive would include bonuses of up to $10,000 for demonstrated academic growth among students. This would position Pittsburgh Schools’ principals to make much more than with the step increase system.
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Pittsburgh Schools initiated the pay for performance plan last year with the principals of the eight new accelerated learning academies. However, it is too soon to tell how much the students have benefited in that short period of time. Pittsburgh Schools have shown very small, very slow, improvement in meeting the AYP targets. Overall advances of 3% in 5th grade math and a record 9% in 8th grade reading do little to put Pittsburgh Schools where they need to be.
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Is the pay for performance plan the answer? A rating scale using “rudimentary”, “emerging”, “proficient” and “accomplished” will be used in areas of academics, community relations and academic success. Pittsburgh Schools is one of many urban districts to grapple with the issues of meeting rising academic standards. The question of offering both administrators and teachers merit pay has bee a hot topic between unions and academic observers for decades. While the issue of bonus pay for performance has not often been used with Pittsburgh Schools’ teachers, if it is successful with the principals, teachers may not be far behind.
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Will it work? Opponents have suggested that the academic world operates differently than the corporate one, and that incentives won’t work. Others insist that the lack of performance-based pay is one of the biggest problems with Pittsburgh Schools and public education as a whole. Stay tuned. Grading principals may be the most notable reform Pittsburgh Schools institute this year.
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Version du 14 janvier 2016 à 15:53

Pittsburgh Schools have not shown significant improvement as measured by the Annual Yearly Progress (AYP) assessment. Due to the district’s inability to show improvements mandated by the No Child Left Behind Act for 4 consecutive years, Pittsburgh Schools were required to make significant changes in the 2006-2007 school year. Those changes included closing 22 schools, opening accelerated learning academies, and adding more k-8 schools.

Superintendent Mark Roosevelt felt the “slow improvement” of Pittsburgh Schools also required some other big changes, starting at the top. Pittsburgh Schools will institute a district wide administrator training and management plan called the Pittsburgh Urban Leadership System for Excellence (PULSE). PULSE will require greater support for new principals, enhanced training for potential administrators, and tougher standards on principal evaluations. But the most notable component is the plan to eliminate annual step increases, and institute a pay for performance plan, for all Pittsburgh Schools’ principals.

Pittsburgh Schools applied for an $8.9 million federal grant to fund the program, and anticipate a response in June of this year. If the grant is approved, the traditional step increases Pittsburgh Principals are used to will be replaced by a $2000 increase in base pay. That would be tied to progress in meeting 28 performance-based goals. The other part of the incentive would include bonuses of up to $10,000 for demonstrated academic growth among students. This would position Pittsburgh Schools’ principals to make much more than with the step increase system.

Pittsburgh Schools initiated the pay for performance plan last year with the principals of the eight new accelerated learning academies. However, it is too soon to tell how much the students have benefited in that short period of time. Pittsburgh Schools have shown very small, very slow, improvement in meeting the AYP targets. Overall advances of 3% in 5th grade math and a record 9% in 8th grade reading do little to put Pittsburgh Schools where they need to be.

Is the pay for performance plan the answer? A rating scale using “rudimentary”, “emerging”, “proficient” and “accomplished” will be used in areas of academics, community relations and academic success. Pittsburgh Schools is one of many urban districts to grapple with the issues of meeting rising academic standards. The question of offering both administrators and teachers merit pay has bee a hot topic between unions and academic observers for decades. While the issue of bonus pay for performance has not often been used with Pittsburgh Schools’ teachers, if it is successful with the principals, teachers may not be far behind.

Will it work? Opponents have suggested that the academic world operates differently than the corporate one, and that incentives won’t work. Others insist that the lack of performance-based pay is one of the biggest problems with Pittsburgh Schools and public education as a whole. Stay tuned. Grading principals may be the most notable reform Pittsburgh Schools institute this year.

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