With the dramatic increase in the cost of college, many families are seeking help to pay for college without a major out-of-pocket loss.
A recent article from Vicki Beam of Record-Eagle.com talks about the increase in the cost of college and how proper college planning can make the process much easier and affordable.
Click the link at the end to watch our free webinar how you can get started right now for free.
Each year more than 2 million students go through the college admissions process to attend more than 3,000 colleges. Many of these families work with college planners who are hard working, ethical and want to help create better futures for kids heading off to school and the parents they leave behind.
For many families, hiring financial professionals is a routine part of their lives. People hire CPAs or accountants to do their taxes, attorneys to draft wills and legal documents, insurance agents to protect their property and lives, and financial advisers to help manage their money. However, it is only very recently that families have considered hiring a financial professional to help with their students’ college.
For many, it will be the most expensive time of their lives and, if not handled properly, could have an impact on their financial goals and their retirement.
There are many areas where a college planner can provide value. A thorough review of the family’s finances will identify financial aid opportunities, tax savings strategies, cash flow improvements and most importantly, identify the amount of income and assets that a family can afford to pledge to help pay for college. These individuals work with families to provide a structured approach designed to save time, money and frustration. They provide a logical approach to the process with identifiable deliverables.
A student should consider head, heart and hand during the selection process.
— Head: Logically, will the college provide what the student needs to obtain their chosen career?
— Heart: Does the student love the college, insuring that they will be happy there?
— Hand: Consider holding a calculator. Can the family afford the college?
Click here for our Free College Funding and Planning Webinar — https://collegefundingexperts.com/college-funding-webinar-1/