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[W572]What The Numbers Mean
by James Kara Murat, Jam
Influenced by recycling proponents around United States, the Society of the Plastics Industry, Inc. introduced Resin identification coding system. It was in 1988 when this scheme of separating (or grouping) plastic resin types to make it easier for recyclers to sort them out and to have a more systematic waste management system, was introduced.

Guidelines in the Use of Recycling Number

The Society of the Plastics Industry in cooperation with the Federal Trade Commission (FTC) agreed on the following guidelines in using the code:

This complies with the laws in 39 states wherein the code must be used on bottles and rigid containers
This is used to identify resin (a type of plastic) content only.
The code, while it helps in waste management and recycling activities, must not be conspicuous so as to affect sales of a product
The code must, in any way, never be altered
No additional markings such as ?recyclable? may be placed near the symbol, nor should there be any claims of any products recyclability placed anywhere near it.
The ?? symbol, whenever it would fit, must be molded or permanently imprinted on all gallon containers from 8 ounce to 5 gallon capacity
Placement of the symbol must be as close to the center of the container bottom

To help you recycle efficiently, below are the 6 different symbols that are helpful in creating your own household waste management and the description of plastic items that are good for recycling.

1 PET (or PETE) ? Poly(ethylene terephthalate) PET is a clear, and tough resin that can contain gas and moisture. These are commonly used in bottles and other injection molded product containers. This resin is a good candidate for recycling as they come in great volumes in waste management systems, in the form of bottles for beverages, catsup, beer, jams, peanut butter, etc. Major industries recycle these for major uses such as textiles, carpet, films, ink cartridges and moldings.

2 HDPE ? High-density Polyethylene ? HDPE commonly found in may types of plastic bottles. Its high resistance to chemicals makes it the preferred material for packaging household and industrial material such as detergents, conditioner, shampoo, bleach, etc. Proper waste disposal, i.e., segregating, would have these items for recycling and become plastic shopping bags, wire and cable covering, re-usable shipping containers, etc.

3V Poly (vinyl cloride) ? commonly known as PVC, these are categorized into two groups, namely, rigid and flexible materials. While used containers made from these are also highly sought for recycling, these have many industrial and household uses. .

4 LDPE ? Low-density Polyethylene ? commonly found in film application uses because of its toughness, it is relatively transparent and flexible.

5 PP ? Polypropylene ? this is good for containing very hot fluids as it has very good chemical resistance and is a strong material. A very good example would be Tupperware products (which have their own recycling system), diapers, bottle caps and closures, etc.

6 PS ? Polystyrene ? this is a very versatile plastic material that can either be rigid or foamed. Examples are coffee cups, bakery shells, Styrofoam insulation, etc. Polystyrene can also be combined with rubber to produce high impact polystyrene, which is good for uses that require toughness.

7 OTHER ? this means that the package is made up of a resin type that is not included in any of the above-mentioned six, or it usually is a package that contains a combination of the previously mentioned codes.

Should decide to consolidate your loans you will find that there are many student loan consolidation programs to help you.

Before you decide on your help you should think about how to group the loans.

If you are one of those people looking for federal student loan consolidation you will want to keep them separate from private student loans. The reason for this is that you can get breaks on federal student loans that are not offered with private student loans, and if you just clump them all together then those offers are no longer available.

The very next thing that you will want to look at, before you even pick a place to use, is the student loan consolidation rates available. Remember you want to work to reduce your payments, not increase them.

When you look at the interest rates available you want to remember that the rates for your consolidation are your weighted average of your current rates of your current interest rates. It is usually rounded up to the closest eighth (1/8) of a percent, and finally topped at about 8.25 percent.

If all of your interest rates are different then the interest rate for your will be in between them. This by multiplying each amount of the loans with their corresponding interest rate, then adding the total of each of those together, and finally dividing that total by the sum of each of the original loans (without the rate included) together. For example, loan one was $10,000 at 5% interest rate, sum two was $5,000 at 6.25% interest rate, and loan three was another $5,000 at 5.75% interest rate. You would first multiply the loans and interest rates: 10,000*.05= 500; $5,000*.0625= 312.5; $5,000*.0575=287.5. Next you add the totals together: 500+312.5+287.5=1100. Now you add just the totals of the original loans together: $10,000+$5,000+$5,000=$20,000. And finally you divide the two totals together: 1,100/20,000=.055. This means that in this case the interest rate for the consolidated loans would be 5.5%.

If somebody promises that your interest rate will be lower than what you pay now, they are lying. It will be lower than your highest rate, but it will also be higher than your lowest rate. During this process you should always keep in mind that the amount of interest you end up paying will be kept the same throughout the entire time that you are paying off your loan.

When you go for a student loan consolidation, you will find that there are no fees or anything to pay. It is just a slight increase in your interest rates. For those few that do require fees, they will never require them up front, if they do, it is a scam.
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