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Hurricane preparedness sales tax holiday next week

Hurricane Irene (8/26/11)In order to encourage Virginians to prepare for the upcoming hurricane season, starting on Monday the state is again offering a sales tax holiday on emergency supplies.

From May 25-31, certain emergency supplies that cost less than $60 — a list that includes batteries, flash lights, rope, duct tape, bottled water and cell phone chargers — are exempt from sales tax at all Virginia retailers. Portable generators that cost less than $1,000 are tax exempt, as are gas-powered chainsaws that cost less than $350.

The National Oceanic and Atmospheric Administration announced today that it anticipates three-to-five hurricanes to hit this season, and one or two “major” hurricanes. The National Weather Service is anticipating a “below normal” hurricane season, but that doesn’t mean NWS scientists aren’t urging caution.

“The prediction of a below normal hurricane season should not be taken to mean Virginia won’t be impacted this year,” said Bill Sammler, NWS warning coordination meteorologist, said in a press release from Virginia Gov. Terry McAuliffe (D). “Let’s all remember that it only takes one storm to cause severe damage and even loss of life.  Everyone should get ready now for this hurricane season.”

State officials are urging residents to purchase flood insurance, saying “an inch of water in a small home can lead to more than $10,000 in losses.” The governor’s office is recommending families have at least a three days’ supply of bottled water, plenty of nonperishable food, extra batteries and either a battery-powered or hand crank radio to listen to emergency broadcasts.

The complete press release from the governor’s office, after the jump.

Virginians are at risk for the damaging effects of coastal and inland tropical storm systems and widespread flooding.  To emphasize the importance of preparing for hurricane season, Gov. Terry McAuliffe has recognized May 25-31 as Hurricane and Flooding Preparedness Week.

“As another hurricane seasons brings the risk of loss of life and property to Virginia, it is critical that we prepare to keep ourselves and our communities safe,” said Gov. McAuliffe. “As we saw in years past storms like Hurricane Sandy, Hurricane Irene and Tropical Storm Lee, these storms can result in tragic deaths and tremendous damage to homes and businesses. I hope every Virginian will take action and make use of the Hurricane Preparedness Tax Holiday to get ready for the storms that we know will come our way this year.”

Individuals and families should have an emergency kit of supplies, starting with three days’ of bottled water and non-perishable food; a battery-powered and/or hand-crank radio with extra batteries to hear emergency information.  Other items to include are flashlights and extra batteries, a first aid kit and an extra supply of prescription medicines.  A written family emergency plan is important as well.  For more information on making a family plan and putting together an emergency supply kit, go to www.ReadyVirginia.gov.

“It’s very common here in Virginia to have flooding during hurricane season.  If your homeowner’s insurance policy doesn’t include flood insurance, talk to your agent now about adding it,” said Jeff Stern, state coordinator of emergency management.  “You don’t have to live in a high risk area for flooding to affect you, and flood insurance is the best protection for your home and belongings.”

Just an inch of water in a small home can lead to more than $10,000 in losses; two inches of water in a mid-size home could cost $21,000 in damage and property loss.  Renters and business owners also can get flood insurance.  Typically, there’s a 30-day waiting period from the date of purchase before your policy goes into effect. See www.floodsmart.gov for details.

The governor’s proclamation of May 25-31 as Hurricane and Flooding Preparedness Week coincides with National Hurricane Preparedness Week, sponsored by the National Weather Service.

“The prediction of a below normal hurricane season should not be taken to mean Virginia won’t be impacted this year,” said Bill Sammler, NWS warning coordination meteorologist.  “Let’s all remember that it only takes one storm to cause severe damage and even loss of life.  Everyone should get ready now for this hurricane season.”

Virginia offers an annual Hurricane Preparedness Sales Tax Holiday every May 25-31 that provides people with an opportunity to buy emergency equipment and supplies tax-free.  All Virginia retailers participate in the holiday.  For more on the sales tax holiday, including a list of tax-exempt items, see  www.vaemergency.gov.

In late August 2011, Hurricane Irene left millions of dollars in property damage in central Virginia and on the peninsulas and caused the second-highest level of power outages in Virginia history, affecting about 2.5 million people.  The storm also brought the fourth-highest level of storm surge in Virginia history and heavy rainfall that fell as far west as Interstate 81, measuring 15 inches in some locations.   In early September 2011, flash flooding from the remnants of Tropical Storm Lee displaced hundreds of residents from destroyed and heavily damaged homes and caused widespread damage to public property.

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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