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From D.C. to Baltimore in 15 minutes? A future possibility

WASHINGTON – Can you imagine whizzing from D.C. to Baltimore in just 15 minutes? If a business group has its way, you’ll be able to speed past the backed-up traffic on Interstate 95 aboard the super-fast magnetic levitation train.

Climbing aboard at D.C.’s Union Station, you’d barely have time to read your email before arriving in Baltimore.

“It’s the world’s fastest train, invented in America but deployed and developed in Japan,” says Wayne Rogers, CEO of Northeast Maglev, a D.C.-based company that hopes to build a superconducting magnetic levitation train in the Northeast corridor.

“You’d be able to go from Washington D.C. to BWI Airport in 8 minutes and you’d be in Baltimore in 15 minutes,” Rogers says.

Whooosh — the long-nosed, narrow, white and blue train can be see hurtling by at 311 mph on its demonstration track in Yamanashi, Japan. It levitates about 4 inches above its U-shaped, concrete, guide rail.

“Anyone who’s taken two magnets and put the opposite poles together has been able to push it using the magnetic force. So what superconductivity is is using a scientific process to make a very strong magnet … that’s able to propel a train,” Rogers says.

It’s actually not new technology. The Japanese have been developing the magnetic levitation train for the past 50 years and are currently building a line between Tokyo and Nagoya.

It wouldn’t be cheap to build. Rogers estimates the mostly underground D.C.-to- Baltimore leg would cost more than $10 billion.

Eager to showcase the technology and spur maglev projects worldwide, Japanese Prime Minister Shinzo Abe recently offered to have Japan pay half the cost of the D.C. to Baltimore system.

“I would say we can’t afford not to do it. If you look at the costs of congestion, it’s costing us about $14.5 billion just in the Northeast corridor,” says Rogers.

The Northeast Maglev company hopes eventually to extend the superfast train to New York City.

But the proposed project has its detractors.

“I’m not sure about the benefits,” says Ross Capon, president of the National Association of Railroad Passengers.

Rather than moving passengers faster, Capon favors expanding the current rail system and improving the existing rail infrastructure.

“There’s a huge catalog of projects that need to be undertaken that would expand capacity and that would replace century old bridges and tunnels,” Capon says.

But Rogers says rail passengers want super-fast trains and the time will come when passengers will ride the magnetic levitation train between D.C. and Baltimore.

“Oh it’s more than an idea, and we believe if we can get all the pieces put in place this will be a reality within the next decade,” Rogers says.

See Northeast Maglev’s promotional video of how the train would work:

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Don’t Settle for Student Loans to Pay for Online Education

Online college programs are becoming a more popular choice for prospective students, with one study finding that more than 6 million students enrolled in at least one online course in fall 2015. The popularity of these courses can be attributed in part to their flexibility with working adults' schedules, students' ability to progress more quickly through online programs and, oftentimes, cheaper tuition. [See 10 low-cost online bachelor's programs for out-of-state students.]Online degrees can be beneficial to many college students, but some studies have shown online learners complete their programs at lower rates than students at traditional brick-and-mortar campuses. Individuals with student loans but no degree comprise two-thirds of defaulted borrowers. Though these numbers are not encouraging, just like for traditional programs, there are ways to reduce how much you'll need to borrow for an online program to ensure you won't become one of these statistics. Don't just settle on borrowing student loans to cover the whole cost of your program and living expenses. Instead, start thinking about how to cut costs and cover your balance in different ways, such as the following. -- Grants and scholarships: Even though you are taking an online course, you can still apply and receive grants and scholarships. But your first step should be to complete the Free Application for Federal Student Aid, commonly referred to as the FAFSA, which will allow you to receive a Pell Grant if your expected family contribution is low enough. The EFC criteria and award amounts are adjusted annually, but the 2017-2018 academic year awards range from $606 to $5,920, which could significantly lower the amount you borrow annually. Your next step is to apply for scholarships. You can start by checking online scholarship search engines, such as the Salt Scholarship Search, College Board's BigFuture and Peterson's. But don't forget to take advantage of local organizations and your school's financial aid office. Both may offer scholarships that you can't find with a national scholarship search. [Review these 10 sites to kick off your scholarship search.]For instance, organizations like the Elks Club, Knights of Columbus or the Rotary Club typically offer scholarships annually to local students. Just because you're going to school online doesn't mean you're ineligible. Visit your local library for scholarship listings, and ask around town. You might be surprised how many local organizations offer scholarships. While these scholarships typically aren't large, every little bit counts. Each dollar you receive in a scholarship is a dollar you don't have to borrow and pay interest on. -- Work-study: Another option for online students may be work-study awards. Not all students enrolled in online programs are eligible, but students at some schools -- including, for example, SUNY Empire State College and Liberty University -- are. Work-study awards are not given upfront like scholarships and grants. In most cases, they are an offer to earn up to the awarded amount if you secure an eligible work-study job. While there is a misconception that all work-study jobs must be on campus, students can work for off-campus, nonprofit or public employers as long as the work is in the public's interest. You may be able to work for a for-profit employer if the job is relevant to your course of study. No matter who the outside employer is, it will need to have an established agreement with your college for you to receive work-study funds. Remember, to be eligible for federal financial aid, you must be enrolled and pursuing a degree or certificate. If you're not working toward a credential, Pell Grants and work-study won't be option, but you may still be able to take advantage of private scholarships -- just be sure to read the eligibility criteria carefully. [Explore what to know about financial aid in online programs.]-- Pay as you go: One of the great benefits to enrolling online is the flexible schedule, which can allow you to complete your college coursework around your responsibilities. But prospective students often overlook using their part- or full-time job earnings as an option for paying for college. Almost 80 percent of college students in 2015 worked at least part time while attending classes, according to the National Center for Education Statistics. By budgeting and thinking strategically about your college costs, you can likely reduce your dependence on student loans by paying a portion out of pocket. Many -- but not all -- online programs are less expensive than traditional programs and often have shorter payment periods. Six, eight or 10 weeks are common course durations. Because of the frequency of payments in an online setting, you may be well-placed to pay as you go and possibly avoid borrowing altogether. Attending college online and avoiding student loans may be challenging, but if you are willing to put in the effort, you can limit the amount you need to borrow. More from U.S. News Q&A: Understanding Student Loan Discharge Eligibility Student Loan Refinancing Isn't Right for All Borrowers
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