When a Direct Loan is accepted, the student is required to complete an online Loan Entrance Counseling session before funds may be disbursed. It is important that each student knows and understands their rights and responsibilities as a student borrower. In most cases, the student will sign only one promissory note which will be used for all direct loans at UNG. Both the counseling session and the MPN are accessible at studentloans.
Department of Education. PLUS Loans are designated to help pay the expenses a child who is a dependent undergraduate student enrolled in at least 6 semester hours of coursework. The University of North Georgia is the lender. The loan is made with government funds with a share contributed by UNG. Payments are made through the University.
For more information on loans, consult our website: www. Applicants must maintain good academic standing while employed under this program. Note that there will be fewer jobs than eligible students. The availability of jobs is dependent on the needs and resources of the institution. For further information, contact Human Resources.
Armed Forces. Unless otherwise specified as a condition of a scholarship, the application of scholarships is not restricted to tuition and fee payment only, and funds may be used for supplementary educational expenses. To apply, students should contact their local Office of Vocational Rehabilitation, a division of the Georgia Department of Human Resources at gvra.
About UNG. Accreditation and Compliance. Academic Calendar. Undergraduate Admissions. Financial Information. Financial Aid. Student Affairs. Academic Information. Academic Departments. University System of Georgia. See All Catalogs. Military Reservists who served in combat zones or for the children of such members.
The lender is the U. Department of Education and it is the responsibility of the borrower to pay off the loan. Eligibility for this loan program will be determined upon completion of the FAFSA and enrollment in at least 6 semester hours of coursework per term. The federal government subsidizes or pays the interest on the Subsidized Direct Loan while the student is enrolled at least half-time 6 hours.
Subsidized loans are always awarded to eligible students before unsubsidized loans. With an Unsubsidized Direct Loan , the student is responsible for paying the interest on the loan from the date that the loan is made. The student has the option of paying the interest while enrolled or letting the interest accrue. Note that all loan amounts are automatically split between two semesters. When a Direct Loan is accepted, the student is required to complete an online Loan Entrance Counseling session.
It is important that each student knows and understands their rights and responsibilities as a student borrower. In most cases, the student will sign only one promissory note which will be used for all direct loans at UNG. Both the counseling session and the MPN are accessible at studentloans. Department of Education. PLUS Loans are designated to help pay the expenses of a child who is a dependent undergraduate student enrolled in at least six semester hours of coursework.
Applicants must maintain good academic standing while employed under this program. Note that there will be fewer jobs than eligible students. The availability of jobs is dependent on the needs and resources of the institution. For further information, contact Human Resources. Armed Forces. Unless otherwise specified as a condition of a scholarship, the application of scholarships is not restricted to tuition and fee payment only, and funds may be used for supplementary educational expenses.
To apply, students should contact their local Office of Vocational Rehabilitation , a division of the Georgia Department of Human Resources. About UNG. Accreditation and Compliance. Undergraduate Admissions.
Financial Information. Financial Aid. At the same time, gross withdrawals have also ramped up. The five-year average sits at 2,, million cubic feet, or mmcf, while the most recent EIA figure pegs January withdrawals at 2,, mmcf.
It is important to remember that global transportation of energy products is not nearly as pervasive in the natural gas industry as it is for crude oil or coal. While compressed and liquid natural gas can be transported via ship or truck in small quantities, supply systems for natural gas are generally stationary.
The immobile and regional nature of natural gas markets has made the supply overhang in the U. Fundamentals Meet Futures The recent proliferation of exchange-traded funds has allowed for convenient access to natural gas, but there are a number of important caveats.
Because physically backing an ETF with actual natural gas is prohibitively logistically burdensome, all exchange-traded products use futures contracts to gain exposure to the commodity. The mechanics of the futures markets do not allow investors to take a straightforward long exposure to natural gas. Futures contracts grant the right to buy or sell a fixed quantity of a commodity at some point in the future. This allows expectations of future developments to be baked into the price of the futures contract, which inevitably causes the futures contract to deviate from the spot price.
As a futures contract approaches its expiration date, it effectively becomes exchangeable for the spot commodity. This causes the futures price to converge with the spot price upon expiry. If one purchases a contract at a premium to spot, a situation known as "contango," the position will depreciate in value over its life, assuming that the spot price does not move. In order to avoid physical delivery and to maintain exposure, ETFs must sell contracts before they expire and purchase contracts further out on the futures curve, "rolling" the position forward.
While ballooning supplies have forced spot natural gas down, the front-month futures strategy has seen drawdowns several orders of magnitude larger.
First Generation Futures-Based Products: A Catch UNG invests in front-month natural gas futures contracts and rolls its position forward to the next nearest to expiration contract on a monthly basis.
This facilitates global transport of a commodity that has historically been a regional resource, and could significantly expand the supply base open to domestic end-users. Perhaps more importantly, huge discoveries of natural gas reserves have been made in the U. They use a futures-based strategy to gain exposure, investing in exchange-traded futures contracts that generally maintain a strong correlation with movements in the spot price of the underlying assets.
But the correlation is far from perfect. The first factor is a matter of economics, and the third is negligible in the current low-interest rate environment. But the roll yield paid or earned in a futures-based investment strategy can account for a material portion of the total return for more insights into how complexities of ETFs can impact your bottom line, sign up for our free ETF newsletter. When futures markets are in contango as the natural gas market has been for some time , near-month contracts cost less than far-month contracts, reflecting both market expectations of a rise in price and any costs associated with storage and transportation.
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