Over the last several months, college admissions have been in the news because of the “cheating scandal” including some high-profile Hollywood actresses Lori Laughlin (Full House) and Felicity Huffman (Desperate Housewives). In 2019, they were accused of bribing college entrance-exam administrators to allow cheating on the exams and university athletic coaches to designate school applicants as athletic recruits, regardless of…read more →
5 Reasons why 529’s are a waste of time Unless you are getting other people like grandparents to contribute money to your child’s 529 they are a waste of time for the following reasons: 1. They reduce the amount of endowment “free” money students can qualify for: Ex. With $100,000 in a 529 the first $25,000/year is on you! 2….read more →
Free money? Seems to good to be true but when it comes to funding your child’s education it can be reality. Colleges control over 95% of the money that students receive every year. Apply to at least 10 schools: We have students apply to 10, get into 6 then leverage one school versus another. Go back and visit your top…read more →
Colleges control over 95% of the money that students receive every year. With this in mind, here are 5 strategies to increase your student’s likelihood of receiving college grants and endowments which do not have to be repaid. Apply to at least 10 schools: We have students apply to 10, get into 6 then leverage one school versus another. Go back and…read more →
FAFSA: The Free Application for Federal Student Aid. All students interested in financial aid (free endowment monies) for college will need to complete this form. Usually, the parents/guardians fill it out using their tax return. Don’t include retirement assets on the FAFSA: The FAFSA doesn’t care how much you’ve got in your 401k/IRA/pension. They do ask about cash, savings and checking…read more →
Although it’s technically still the summer, many high school students (and parents) are feeling anxiety about taking the SAT and/or ACT exams this month. There’s a lot of bad information out there on this topic. Below are answers to 5 popular questions: Should I take the SAT or ACT? We strongly recommend taking both exams multiple times if possible. Most…read more →
5 Reasons why 529’s are a waste of time Unless you are getting other people like grandparents to contribute money to your child’s 529 they are a waste of time for the following reasons: 1. They reduce the amount of endowment “free” money students can qualify for: Ex. With $100,000 in a 529 the first $25,000/year is on you! 2….read more →
86% of incoming college students take out student loans. Scary? Try this: the total of all college loans is $1 Trillion dollars…that’s right TRILLION; which is more than all of the credit card debt combined. Most parents not in the know will steal from retirement to pay tuitions. Those ‘in the know’ understand that 95% of all “free money” comes…read more →
See the Award Letters Here It’s no secret. Funding your child’s college education can be a frightening endeavor at best. Unfortunately today many parents are forced to decide to steal from their retirement savings or take out a home equity loan to send their child to college. This has a crippling effect on the parent’s retirement and may endanger the…read more →
Next to buying a home, the largest investment many families will make is their child’s college education. A college education is very expensive. Even at lower-priced, state-supported colleges, a four year degree can cost in excess of $50,000. In a recent survey conducted by the American Council on Education it was found that financing their children’s college education is one…read more →
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