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Independent Distributors (card/owner users of The Opportunity
Card) and their customers, is drawn from college students,
work-ready welfare recipients, home-based working moms, the US
Hispanic population and other ethnic groups.
Each of these groups is discussed below.
College student loans must be repaid!
Like other debt, student loans are a serious financial and legal
obligation. Students must manage their debt. It is a process of
setting priorities-then sticking to them! Student loan repayment
can help the student establish credit or can jeopardize their
future borrowing power if they don't make payments promptly!
If they fail to repay their loan, they may:
- Damage their credit rating
- Lose their eligibility for further federal financial aid
- Lose their federal and or state tax refund
- Be sued by their guarantor
- Have their wages or salary garnished
- Be contacted by a private collection agency
The welfare reform law of 1996
contains strong work requirements for individuals, along with
strong incentives and penalties for states to move welfare recipients
into work. These incentives include tax credits for employers
and technical assistance and support to businesses around the
country. The Small Business Administration is helping to connect
small businesses with work-ready welfare recipients and to support
welfare recipients who are interested in starting their own small
business.
Home-based working moms help bring
children closer to their parents and allow parents to spend more
time with their children. After the Columbine High School tragedy, a
national awareness to this basic principal has been elevated to
an all time high. The ability to work from the home and raise
children is a rewarding lifestyle with many benefits to parents,
children and community.
The US Hispanic population is approaching
30 million, according to recently released data from the Census
Bureau. Hispanic Americans are expected to outnumber Black Americans
by 2005, making them the largest US ethnic minority. By 2050,
the Hispanic population is expected to account for 25% of the
US population, up from 11% in 1996, according to a report by the
Population Reference Bureau.
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