Glossary Building Post 3

The pregnancy industry has many faults both before, after, and during a pregnancy, one that stuck me the most was the cord blood controversy. Cord blood is blood from the umbilical cord that many families choose to have frozen in case their child has a genetic deformity or falls ill with a chronic disease. The problem with this is that if either of these things happen to the child, the defect or disease is likely to be in the cord blood, rendering the stem cells in it useless. Luckily, umbilical cords and their blood can be donated to public institutions where families will have access to them for free which may be a better and less expensive option.

The next topic is one very close to me, and I am sure many of my peers: student loans. About 70 percent of students graduating with a bachelor’s degree end up in debt, the average debt being around $28,000. This is a lot of money to be paid back for someone who is just starting their career. Therefore, former President Obama put into law a student reform that requires affordable loan payments every year, capping these payments at 10 percent of the borrower’s income. This is good for many borrowers as this gives them time to get together more money, however, it may take a longer time to pay off. The good news is that if the borrower goes into federal work, they may have their student loans forgiven by Public Service Loan Forgiveness that mandates that after ten years of qualifying payments, those working in government, nonprofit, and other public service jobs may have their remaining debt forgiven.

  • Cord blood: Blood from the umbilical cord that remains in the placenta that can be frozen for the future if the child has a disease, but will most likely be ultimately unhelpful as the child’s disease will also be in the cord blood.
  • Affordable Loan Payments: 10 percent of the borrower’s income according to Former President Obama’s student reform.
  • Public Service Loan Forgiveness: Those who work in a federal program may have their remaining student debt forgiven after 10 years of qualifying payments.
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