Tag Archives: Donald Trump

College Education for Free ? How Innovation and Technology are Changing by George Mentz – Colorado Springs Expert

As a pioneer in e-learning education who has taught over 250 courses online in the last 20 years, I realize the actual costs of education have come down dramatically in the last 30 years.

However, that hasn’t prevented the expansion of student debt to about $1.5 to $2 trillion.

Most politicians these days are saying that free online college education should be available to everyone.

With over 44 million Americans holding student debt, the average working family’s disposable income is now more than ever subject to the whims of the Federal Reserve’s interest rates.

In case the politicians don’t know, free education already exists.¬†You may go to various colleges, online colleges, Coursera, Udemy and other sites such as University of the People and obtain education for free or it is heavily discounted.

Udemy boasts over 100,000 online courses of which many are free. Coursera actually offers top ranked college courses and diplomas online. Many of these educational companies and clearinghouses offer online courses to the masses. They are called MOOCs or Massive Online Open Courses. Some top professors have over 250,000 students in one class.

About 20 years ago, futurists were predicting the collapse of traditional liberal arts colleges because you can go online and enroll in a class, at little cost, that is taught by one of the top ranked professors in the world.

To make a long story short, college tuition and college courses are free right now¬†and most people don’t even know it. Anyone who wants to go to college can use a computer and the internet at home or at the library to take classes.

As for college loans, the typical funds borrowed for education is for tuition and expenses. However, the bulk of the expenses aren’t just tuition.

Here are the top 14 typical costs of education:

  1. Forgoing income by not working
  2. Time or years invested into education
  3. Commuting to school
  4. Books (Digital Books are getting cheaper by day)
  5. Housing
  6. Food
  7. Expenses
  8. Fees
  9. State, City and Federal Taxes on Gas, Internet, Phone etc.
  10. Insurance on cars or other.
  11. Health Care
  12. Parking
  13. Matriculation fees
  14. Costs to take care of children, disabled, or elderly while you are away at a school

In many states, college tuition has been free for decades for those who maintain a solid grade point average in school.¬†Pat Taylor was one of the richest Americans living in Louisiana and developed and promoted the “Taylor Plan,”¬†adopted in Louisiana in 1998, which provides academically qualified students with state-paid tuition for college.¬†In 1997, Republican Governor Murphy J. Foster, Jr. signed Act 1375, a plan which opened the TOPS tuition scholarships to all with a 2.5 grade point average and at least a score of 19 on the ACT.

Family income was removed as a consideration for eligibility. Those with higher grades received $400 to $800 in extra funding to help meet the costs of other college expenses. In Louisiana in 1998, TOPS paid the tuition for over 24,000 students in the amount of $54 million. During the 2014-15 academic year, the program assisted 50,000+ students annually at a cost of about $270 million. LSU Louisiana State University was ranked as a Forbes top 200 university in recent years.

US News has a list of tuition free colleges online. Many of these colleges require some contribution or to have a job on campus or pay exam fees; nevertheless, tuition may be considered free.

Examples of Tuition Free Colleges

  1. Alice Lloyd College
  2. Williamson E. Macaulay Honors College
  3. University of the People
  4. Webb Institute
  5. Williamson Free School of Mechanical Trades
  6. Barclay College
  7. College of the Ozarks
  8. University of the People
  9. Haskell Indian Nations University
  10. Berea College (KY)

Overall, the bulk of the costs of college are opportunity costs and costs of living; however, that is minimized if you take courses online and hold a job at the same time.

In the end, nothing of value is free, but a quality college education is priceless especially if you are devoted to learning how to do something of value that can be used in the real world.

Overall, most colleges and universities could probably survive without charging tuition while only billing students for exams, housing, food, services, parking and so forth as that may be enough profit already without even charging tuition.

The dirty secret is that many top-brand colleges are wonderfully overpriced at around $70,000 per year. As a note, the two areas of key inflation over the last 25 years have been health care and education. This is probably because the government subsidizes these industries,

In this political environment, the banks seem to have been demanding a normalization of interest rates and got their request from the Federal Reserve. The banks will now be truly profitable again for the first time in 10 years.

However, now that the student loan system is controlled by the federal government, President Trump may have the power to lower interest rates for the working families who hold this debt that was created over the last 30 years. As rates have gone up 9 times since 2015, student loan delinquency or default rates are now: 11.4% (90+ days delinquent)

We are at a key point in innovation and technology. With e-learning, prices may continue coming down for education, and e-learning continues to roll out new courses, new curriculums, and more skills related programs. However, many traditional colleges are maintaining outdated curriculums as their highest paid professors teach the existing courses and do not have experience nor know how to teach the new courses in areas of finance, marketing, or technology.

Some parents are sending their kids on GAP years to learn tangible skills in experiential areas of life. Some of these GAP programs include a year of travel or a year at sea. In contrast, many parents are still spending close to $300,000 to have their child graduate from a top tier university to prepare for business, medicine, finance, accounting, or law. Sadly, some parents are paying $70,000 a year for their child to complete a degree focused in niche areas of history or politics where these students are literally unprepared for almost any job.

As for sustainability of higher education, some bricks and mortar schools may not be sustainable if they do not remain competitive, well ranked, and convey great value.

Ranking conveys value and one top school actually was sued and lost millions for a ranking scandal.

Only time will tell as the education markets are changing dramatically, but if you are determined to send your kids to great schools for socialization and education, start saving early and contribute to 529 plans, pre-paid plans, or other government recognized plans dedicated to education.

Moreover, gifts direct to universities are still tax free. Also, your children can always apply for aid and subsidized loans. Happy hunting and never forget that there are free programs which are accredited and there are countless free courses online for you to take which can lead to diplomas, degrees and even masters degrees from accredited institutions.

George Mentz JD MBA CWM Chartered Wealth Manager ¬ģ is a licensed attorney and CEO of GAFM ¬ģ global education, which is an ISO 29990 Certified professional development company operating in over 50 nations. Mentz is an award winning author and advisory board member to several companies around the world in education, charities, and crypto currency.

Read Newsmax: College Education for Free ? ‚Äď 2020 Campaign and Online Education Facts and Economics | Newsmax.com

Trump Economics – Tax Reform SWOT Analysis – By George Mentz

Trump Economics – Tax Reform SWOT Analysis By George Mentz

Strengths and Opportunities РWith a new tax system that applies to C-Corporations in the USA, many things can be affected. If you lower the progressive Corporate taxes, the company will have more revenue in their hands to spend.

At this time, corporate profits are taxed up to 39% before they can pay dividends or retain earnings.

If you lower that rate to 15-20 percent, you would make the USA a corporate tax haven which levels the playing field for many companies worldwide.

If a company has more money due to less taxes, what will the company do? Here are some options

  1. Hire People
  2. Pay employees more money.
  3. Spend it
  4. Invest in People Innovation Technology etc.
  5. Buy and Build things
  6. Buy other companies.
  7. Pay HIGHer dividends
  8. Grant more stock options
  9. Invest more in the community
  10. Provide greater benefits to employees.
  11. Retain more earnings for security.
  12. Grow, take risks, invest more money locally
  13. Repatriate more money from abroad.
  14. Move your headquarters or nerve center from another country into the USA.
  15. Compete better internationally.
  16. and many other ideas.

Many ideas come from thinking about these dynamic shifts. One option is that investors will hold onto great blue chip stocks knowing that they may be able to pay greater dividends too.

Weaknesses РSince the USA has the worst Corporate Tax Rates, the only weakness is that people will pay less corporate tax.  However, that should be offset by money circulation and sales/personal taxation revenues being boosted greatly.

Threats – A potential tax war around the world where countries compete to have the best business environment ūüôā

Citations

Deloitte Corporate Rates Worldwide https://www2.deloitte.com/content/dam/Deloitte/…/Tax/dttl-taxcorporatetaxrates.pdf

Trading Economics http://www.tradingeconomics.com/country-list/corporate-tax-rate

https://www.linkedin.com/today/posts/georgementz

President Donald Trump Victory – Predicted in 2015 – by George Mentz JD MBA

TrumpMentz

In 2015, myself and my research team picked Donald Trump to win the 2016 Election over 1 year in advance while there were still 15 republican primary candidates.  The policies, platform, specifics and aggressive political stance of Mr. Trump has prevailed.  As part of the economic advisory coalition for Mr. Trump, Mr. Mentz and his team were able to make suggestions of policy, ideas and positions to the Trump Campaign to help working families with the economy, fair trade, safe streets, homeland security, jobs, fair immigration policy, rebuilding American, environmental innovation, fair taxes, and civil rights/social justice for all working families.

Mr. Mentz and his media companies and newspapers such as the Wall Street Globe and Magazine of Wall Street fully endorsed Trump before he won the Republican Primaries.

Counselor Mentz was on the Economics Advisory for Mr. Trump and was an elected delegate and Precinct Captain for Mr. Trump in the State of Colorado.  Mentz is originally from New Orleans and is an international lawyer and internationaMent Trump Prediction 2015l businessman.

Please read the 2015 prediction: https://www.linkedin.com/pulse/donald-trump-endorsements-democrats-republicans-can-george

Futurist, Analyst, Lawyer РAuthor  РGeorge S. Mentz is an international award winning author, award winning professor,  and owner of international educational companies and several media outlets.  Dr. Mentz is the first person in the United States to be multi credentialed as a Lawyer, JD/Doctor of Jurisprudence, MBA, Financial Planner, Certified Financial Consultant, and Management Consultant.   * Prof. Mentz has held officer, faculty and professional positions with top business schools, banks, and Wall Street Firms while he has also consulted with Fortune 500 companies, the US government, the United Nations and leaders of other foreign nations.

Mentz holds and earned Doctor of Jurisprudence latin/JD in International Law and an MBA in International Business & Finance along with International Law Cert/Diploma/Diplomé. Mentz is an award winning professor, and has won 2 national awards for teaching excellence. Mentz has organized economics and wealth education programs at the top regions in the world and at accredited law school programs.  Mentz and his finance and management programs have been featured in the ACBSP, AACSB, Wall Street Journal, Investopedia, The Hindu National, El Norte Latin America, the Financial Times, Forbes, Black Enterprise, Reuters, AP, The China Daily, & The Arab Times. Mentz has published over 20 books and has taught over 200 law, business, & graduate level courses around the world.

Mentz was founder of the Loyola Tax and Estate Planning Law Review.¬† Prof. Mentz has been elected or nominated to the advisory boards of the Global Finance Forum in Switzerland, The Royal Society of Fellows, the and the World E-Commerce Forum in London, England. He holds a professorial faculty appointment at the Graduate LLM Law Program and has held faculty status with several business schools globally. Prof. Mentz’s companies have established educational standards, alliances and approved operations in over 40 Countries around the world. Prof. Mentz has recently been awarded a National Faculty Award, a Distinguished Faculty Award and a Meritorious Service Medal for Charitable Service, along with receiving a Team Faculty Award and honorary doctorates for his research and publications.

Mentz serves on the Advisory Board & Standards Boards of the: GAFM Board of Standards, The IFMC International Financial Management Council China, the AABFS Arab Academy of Banking and Financial Sciences, the ACCE African Chartered Economists Association, the LAC Latin Capitulo para Financiero. Mentz advised for several years to both political parties in teh USA on a consultative status to the US Government on trends in finance, investments, business, careers, and jobs to assist others in finding gainful employment or advancing in their careers. In his early career, Mentz, a political scientist, was a coalitions organizer in Washington DC advising and writing communications for a winning presidential campaign.

Mentz is the CEO of the GAFAM Global Academy of Finance and Management which is a TUV Accredited ISO Certified 29990 Educational and Training organization which is in alliance with the ACBSP and CHEA QG for standards and quality.

Prof. Mentz is an international attorney, founder of the Global Academy of Finance and Management ¬ģ ¬†¬†George can be contacted for speaking engagements at www.gmentz.com or http://www.linkedin.com/in/georgementz *No tax investment or legal advice provided herein. Please consult with a licensed professional in your jurisdiction before making any important financial or legal decision. Mentz is a licensed counselor of law LA USA.