Students commonly wind their honors program cord and their major or minor cord together to create one multicolored cord. Other honor programs may require graduates to wear special cords. For example, graduates who are also members of Lambda Pi Eta, a nationally recognized honor society for communication majors, may also wear crimson colored cords on graduation day. A female graduate wears a crimson sash and tassle.
PMI fees vary from around 0.3 percent to about 1.5 percent of the original loan amount per year, depending on the size of the down payment and the borrowerâs credit score. It remains to be seen whether PMI premiums will continue to be tax-deductible. The PMI deduction expired in 2016, and the federal tax code is in flux as the Trump administration tries to overhaul it. Why wait to buy the house you want? Mortgage rates are low, so compare loans today.
1 Another way of computing PMI according to Michaelbluejay.com is to divide the loan amount by 1300, 1500, 2300, or 3700 for loans with down payments of 3%, 5%, 10%, or 15% respectively. 2  For example, say you decide to purchase a home for $200,000 and put down a 5% down payment. Cheapinsurancehq.com tells us that the PMI premium is between $50 to $80 per month on the average for a home priced at $159,000, according to Mortgage Companies of America.