Financial Aid | College Planning Report
- Durum: Closed
- Ödül: $30
- Alınan Girdiler: 1
- Kazanan: ElegantConcept77
10 + Page Writing. This contest is for a small white page/booklet regarding the topic of student financial aid.
*families are always struggling to find alternative/good options on saving money for college. The point of this article is to give them a few points they didn't think about and pros/cons to topics they thought they knew about.
Points to cover.
[login to view URL] to two paragraphs on importance of college and the history of college funding/aid/ costs, etc.
2. Ways to Save/Assist with Funding ( articles such as this can help....[login to view URL])
2a. Start as early as possible. Time value of money is the best thing people have on their side.
2b. 529 is a great place to start but does have some limitations. list one or two paragraphs of pros and cons of 529 plans
2c. Roth IRA's used for educational savings is a great place to start but does have some limitations. list one or two paragraphs of pros and cons of using a ROTH IRA as a source for education savings
2d. Specialized life insurance plans. This is a very underutilized investment vehicle for college planning. cash rich indexed life insurance can be a huge assistance in college planning. List a few paragraphs of pros and cons
2f. financial aid
2g. Enter into a private tuition rewards program as early as possible. Sage Tuition Rewards Program is a very underutilized and unknown program that families can enter to earn up to a free year of college tuition. list a few paragraphs of the highlights of this program. parents must work with a licensee of the program to receive the credits
2h. Professional counseling. Studies have shown that working with a professionally trained certified college planner, students and parents have not only been able to save thousands of dollars, but save hours of endless aggravation and save potential years of college hoping by picking the right schools up front.
Write a few paragraphs on the importance and impact working with this person can add value using a few of the above mentioned key points. See CPR Misc flyers for a few highlights of why and what to expect from working with a professional. Make sure to include that although a certified financial planner is great, they must ALSO be a certified college planner and have training from a college planning organization because these are the planners current on the FAFSA rules, as well as the many other options available.
The key to all savings is, its never too late NOR too early to work with a counselor and to start saving.
****The enclosed booklet College Funding Made EZ. Is too large. Parts of Chapters 8/9/10 and 11 included scholarships and financial Aid. There are great reference pieces inside of these chapters to help gain data.
This is not an all inclusive booklet but a highlight of options people may not know existed.
Please don't hesitate to ask questions.
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