Browsing Category: "Financial Press Release"

myUsearch Announces Scholarship for Students Frustrated With College Admissions

Friday, May 30th, 2008 | Financial Press Release

College matching service,, will award a $1000 scholarship to the student with the best ideas to improve college admissions.

Boulder, CO (PRWEB) May 21, 2008 -- As high school seniors approach graduation, students and parents can finally breathe a sigh of relief. The college admissions process is finally over. Those countless hours spent agonizing over SAT scores, college essays and admissions standards have finally come to an end. Unfortunately, getting accepted to college is only the first battle...figuring out how to pay for it can be even worse. To numb the pain, college matching service, myUsearch, has launched a college scholarship that asks students to tell the story of their excruciating college admissions process and suggest ways for colleges to make it better.

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Last year's college admissions were reported to be more competitive than ever. The acceptance rates at Yale, Harvard, and Columbia fell below 10 percent for fall 2007 admissions and state schools are becoming much more difficult to get into. This has left many students with shattered dreams and dimmed expectations for the 2008 school year.

"The college admissions process has this smoke and mirrors aspect to it", says Derek Kraus, founder of myUsearch. "Students have to jump through hoops and they are often left with no idea why they did or did not get in to the college of their choice. By offering this scholarship, we will give students a forum to voice their frustrations with the application process, and hopefully this will start the dialogue needed to convince schools to make the appropriate changes."

This 1000 dollar college scholarship will be open to students starting college in 2008. The scholarship is financial need based, requiring a household income of less than 100,000 dollars. To apply for this and any other open scholarships, students must complete the myUsearch questionnaire and meet the requirements of the available college scholarships.

About myUsearch, LLC:
myUsearch, LLC is an unbiased online resource dedicated to objectively matching students to schools and providing fair and accurate college enrollment information. The myUsearch Smart Questionnaire determines the needs of students in order to accurately match them with any of the 3,400+ colleges in the company database. The myUsearch blog offers an honest view of colleges and the college enrollment process. myUsearch offers students a completely honest and objective match by providing the names of matching colleges regardless of their willingness to pay for a listing, and allowing only the schools that match the students' criteria to contact them. For further information, please visit


Premier Savings Helps Ease “Credit Crunch” on Consumers

Thursday, May 29th, 2008 | Financial Press Release

It is no secret that tighter credit standards have impacted all sectors of the economy. Premier Nationwide Corporation, d.b.a. Premier Savings (, announced a new program last week aimed at "helping consumers weather the credit crunch."

(PRWEB) May 20, 2008 -- It is no secret that tighter credit standards have impacted all sectors of the economy. Premier Nationwide Corporation, d.b.a. Premier Savings, announced a new program last week aimed at "helping consumers weather the credit crunch."

In a statement to the press, Eric Synstad, President of Premier Savings, announced that Premier Savings had secured relationships with top lenders that are committed to helping Premier's clients keep their homes. "At a time when most lenders are running scared, Premier's partners are able to cut through the red tape and give homeowners a glimpse of hope", says a client who wished to remain anonymous. has developed an outstanding reputation in the financial community with its Rapid Debt Reduction Program. As part of a suit of services included with the program, Premier Savings closely monitors the activities in the consumer lending industry and informs consumers about lenders that may provide more reasonable rates on debt they are carrying. It is through those relationships that Premier Savings is able to provide these additional resources to their clients.
Eric Synstad explains, "Rapid debt reduction is about helping consumers understand how the credit system works and how unscrupulous lenders manipulate it. Debt negotiation companies attempt to negotiate their clients out of debt, often at the expense of their credit ranking. We help consumers pay their debt. Our customers are average people, with families, who are often too busy to plan properly and shop for financing alternatives. We help consumers in ways that their accountants and lawyers don't, we help them set and maintain a budget."

The Rapid Debt Reduction program boasts a high success rate in helping consumers eliminate their debt. "It is about letting consumers know that they have options…." says Synstad.

For more information on any of programs that Premier Savings offers, call 1-800-208-1914 or visit

Media Contact:
Eric Synstad


Cyber-Begging to Pay the IRS

Thursday, May 29th, 2008 | Financial Press Release

The idea of cyber-begging isn't new, with the earliest reported cases dating back to 1998. People all over the web are asking for money to finance their divorces, their extravagant desires or, perhaps more worthy, family health crises.

Minneapolis, MN (PRWEB) May 20, 2008 -- Eric Sargent of is emphatic when he says his site is different from the other cyber-begging sites on the web these days.

"We aren't trying to raise money to pay for cosmetic surgery or to buy a sports car. We just want to get this monkey off our back and get on with our lives," says Sargent.

The monkey he refers to is the over $40,000 debt he and his wife, Andrea, owe to the IRS because of a simple (and as they call it, "stupid") mistake they made on their tax returns four years ago.

The mistake occurred when they removed money from a profit sharing plan to finance asbestos cleanup in their home and to finance their move to Minneapolis, Minnesota.

"We paid the penalty, but neglected to pay the taxes. We thought they were one in the same," Sargent explains. "We certainly didn't attempt or intend to defraud the government."

Regardless of their intent, it's time to pay the taxman and the family doesn't have the money to do so. Although both are employed, they claim they don't make enough to afford the sizeable installment payments the IRS would require.

So, like many others before them, the Sargents decided to launch a website asking friends and strangers alike to help them out. Less than one week into the launch, they've received over 200 hits and just under $200 in donations.

"We've even had hits internationally, in Israel, Spain and Canada," says Sargent. But we're still about $43,800 shy of our goal," he laughs.

When asked if he truly believes that his site is going to work when many others have failed, Eric Sargent seems determined.

"I believe in the generosity of people," he says. "I would give a dollar to someone in this situation if I could. I'm just asking people to do the same. It can't hurt to ask."