Planning for your Education

first_imgTo learn more about the Montgomery GI & Post (9/11) Bill, visit these links:Military.com – EducationEducation and Training ProgramsMilitary Education Benefits User’s GuideMilitary Families Learning NetworkOverview of Military Education BenefitsTransfer Post-9/11 GI Bill to Spouse and DependentsVeterans’ Benefit Expiration Dates This post was published on the Military Families Learning Network Blog on October 11, 2013. References:Paying for Post-Secondary Education Expenses – Part 1Paying for Educational Expenses and the GI Bill – Part 2center_img By Katie Stamper, University of Flordia Program Assistant and Dr. Michael S. GutterInvesting in one’s education is an expensive proposition and this is not likely to change in the near future. However, a military service member or veteran has options to help combat the costs associated with higher education. Two of these options are the Montgomery GI bill and the Post (9/11) GI bill.The cost of college is rising twice as fast as the inflation rate. While this statistic may be daunting, what is even scarier is the amount of student loan debt which totals one trillion dollars, more than the combined credit card debt. As a general rule of thumb, your student loan debt should not exceed your starting salary. Students can find themselves in debt for a variety of reasons including procrastinating saving money, underestimating the total cost, and not understanding the total cost of student loans.Student loan debt can be eliminated or greatly reduced through two education options available through the military: Montgomery GI bill and the Post (9/11) GI bill. The chart below describes the bills. Understanding these benefits can help someone who may be moving on to consider options for their next career steps. Also, with the Post (9/11) GI Bill, the transferability can make for an important consideration in planning for children’s education or for a spouse who is looking to enhance his or own career prospects through education.To begin the process, submit the appropriate application to the Veteran’s Affairs:Application for VA benefits: 22-1990Dependent of Post 9/11 application for VA benefits: 22-1990Elast_img read more

BCCI spends Rs 161.51 crore on managing cricketing activities in 2011-12

first_imgCricket in India is now played almost throughout the year, particularly with the scheduling of the Indian Premier League (IPL) in April-May, a period that used to be part of the ‘off-season’.Now, after the addition of Champions League T20 (CLT20), which is usually played in October, and a few other domestic tournaments to the calendar, the home season is virtually a never ending one. So, the expenses on organising these tournaments and on administration have gone up considerably.In 2011-12, the BCCI spent Rs 161.51 crore on cricketing activities, and this included Rs 59.43 crore on conducting various domestic tournaments.A sum of Rs 19.83 crore alone was spent on the Ranji Trophy national championship.The world’s richest cricket body can afford to spend huge sums as it is now worth Rs 3,308.31 crore, as per its 2011-12 balance sheet, a result of marketing the game aggressively.The BCCI incurred Rs 53.34 crore on establishment and other expenses and Rs 36.75 crore was the bonus distributed among the players, support staff and the selectors (Rs 25 lakh to each of the five) for the 2011 World Cup triumph.All these figures should be seen in the light of inflation, increased expenses on cricketing activities, as well as the administration of the BCCI.Many top officials of the national sports federations praise BCCI officials for running the organisation well, instead of feeling jealous of the Board’s riches.The Board spent Rs 19.04 crore on the retainership of international players, and Rs 6.38 crore was the expenditure on the meetings of the various BCCI committees. BCCI has an inventory of cricket balls worth Rs 61 lakh and kits.The lucrative IPL made an income of Rs 959.78 crore from its 2011 edition and spent Rs 694.64 crore under various heads for a surplus of Rs 265.14 crore. It distributed Rs 474.93 crore to the franchises from the central pool.The expenses on administration were Rs 37.58 crore. Rs 11.61 crore was spent on insurance, Rs 11.06 crore on advertisement, Rs 5.05 crore on salaries and allowances, and Rs 2.56 crore as property tax for the fourth floor of the ‘Cricket Centre’ which belongs to the Mumbai Cricket Association. The lease rental for this space was another Rs 1.70 crore.IPL is involved in several cases/arbitration with sponsors/partners and spent Rs 28 lakh on legal and professional expenses.advertisementBCCI chief N Srinivasan.CLT20, which also has the Australian and South African cricket boards on its governing council, made a surplus of Rs 47.63 crore. This would be shared by the three Boards, with the BCCI receiving 50 per cent of the profit. The tournament made an income of Rs 265.81 crore and showed an expenditure of Rs 265.81 crore.The BCCI has been assisting its affiliated state associations in building infrastructure and it distributed Rs 160.07 crore under this head during the financial year 2011-12.The expenditure on the Bangalore-based National Cricket Academy was Rs 15.42 crore. The academy, as usual, hosted a spate of camps throughout the year, for both men and women. So it was not surprising that they cost the BCCI Rs 5.97 crore, besides paying Rs 3.65 crore as remuneration to coaches and physiotherapists posted there.Another Rs 9.80 crore were spent on the three specialist academies in Mohali, Chennai and Mumbai. The associations hosting the three academies – the Punjab Cricket Association, the Tamil Nadu Cricket Association and the Mumbai Cricket Association – received Rs 5 crore for providing the space.last_img read more

Richard Scudamore: the ‘devil you know’ quits while he’s still ahead

first_imgShare on LinkedIn comment Read more Share on Messenger Read more The FA Premier League’s top six win battle for larger share of overseas TV rights There was also the agreement for the so-called “big six” clubs to have more of the international rights money and no longer share it equally, as they have since the Premier League’s original breakaway formation in 1992. Scudamore was satisfied to achieve a consensus as the top clubs, all owned by mega-wealthy overseas investors, have pushed relentlessly for more. But he may also have seen these two developments heralding a changing landscape, coming battles by the big clubs for more money, which may have played into his decision to bow out now, still at the top. The timing just before another World Cup puts the focus on one of the frustrating areas of Scudamore’s and the Premier League’s supremacy. Improving the England team was the stated justification for the First Division breakaway to form the Premier League in 1992, although the clubs’ main motivation was not to share the coming TV bonanza with the Football League’s other three divisions.England’s international performances have not improved since in any way commensurately with the league’s triumph, and the multiplication of overseas players, coaches and investor-owners must be a factor. Scudamore has resisted engaging with that debate as much as he has been able to, and concentrated instead on trying to improve clubs’ youth development. It has been a great pity that this period has seen turf wars with the FA and a diminution in its role as a proper governing body – including of the Premier League – when overall stewardship has been seriously needed. Richard Scudamore Richard Scudamore to stand down as Premier League executive chairman Share on Twitter After two decades carving out total dominance for the Premier League, Richard Scudamore was able to announce his surprise resignation at a high point of his own choosing – a happy position not enjoyed by some who challenged that supremacy over the years. The arc of his stellar career serving the 20 clubs which form the Premier League in any given season is pockmarked with the early departures of other talented chief executives, particularly at the Football Association, whose authority he was repeatedly determined to resist.As a chief executive entrusted by the top clubs with great authority, his record is a reflection of the Premier League’s development itself: its glittering achievements and for many, glaring frustrations. The official farewell thanks to Scudamore from his friend Bruce Buck, Roman Abramovich’s Chelsea chairman, and chairman of the league’s remuneration committee which fixed Scudamore’s salary package at £2.56m last year, noted his most obvious achievement: the Premier League’s “outstanding growth”. Scudamore has also defended the Premier League skilfully from occasional government sniffs at regulation for excessive ticket prices, profiteering and other sources of supporter dissatisfaction. Partly he has done so by pointing to the money, now £100m a season – 3.6% of TV revenues – going to grass roots facilities and community projects, which he has maintained and supported. He has also delivered £100m in “solidarity” with the EFL and National League, barely fording the gap, but hungrily accepted by their clubs. Football politics Share on Facebook Sign up for The Recap, our weekly email of editors’ picks. Some football people have felt comfortable with Scudamore despite the perception of him as an aggressive fighter for the Premier League, appreciating his roots as an English football fan. Some pictured a possible alternative, say an obsessively commercial US-style chief executive, who might think ending promotion and relegation makes sense, and came to the conclusion about Scudamore: better the devil you know. Premier League Share on WhatsApp Share via Email Share on Pinterest Topics England’s performances have not improved in any way commensurately with the league’s triumph Scudamore’s era has been a twinning of football with money – and with Sky pay TV, which he singled out for thanks himself. He is personally associated with delivering billions for clubs to spend on players and coaches who would generate yet greater audiences and revenue. However unnecessarily territorial he has appeared to people who feel football should be run in a more cooperative way, and the observation that he has been in the right place at a time of media industry transformation, insiders say his competence cannot be questioned. For the employees whom he supports, he is clearly an encouraging boss and he was gracious in thanking the staff, mentioning their “sense of fun” as well as professionalism.His leaving was the third Premier League announcement of the day, following two he will have seen as victories. The final two UK TV packages for 2019-21, with £4.464bn already banked, were sold to BT Sport and Amazon Prime, football’s breakthrough first internet streaming platform. Reuse this contentlast_img read more