This is how you can use life insurance products to help families fund college

This is how you can use life insurance products to help families fund college

Contrary to belief, college financial planning is not all 529 plans. Many 40 and 50-year-olds DO have money and will have more money as they age. Many are HENRYs (High Earners, Not Rich Yet). You can sell annuities to clients with high school students who want to pay for college with grant and scholarship aid; and cash value life insurance to younger clients with elementary and middle school students who want to save for college, without wrapping themselves up in the 529 quagmires. Robo advisor....

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3 Ways to Get Out of Student Loan Default

3 Ways to Get Out of Student Loan Default

If you didn’t make payments on your federal student loans and are now in default, don’t get discouraged. It may seem like an overwhelming situation, but you have multiple options for getting out of default. Remember, it’s in your best interest to act quickly to resolve the default, because the consequences of default can be severe. If you have a defaulted federal student loan owned by the U.S. Department of Education (ED), immediately contact ED’s Default Resolution Group. They wil....

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8 Things You Should Know About Federal Work-Study

8 Things You Should Know About Federal Work-Study

If you’re looking for another way to help pay for college, Federal Work-Study may be a great option for you. Work-study is a way for students to earn money to pay for school through part-time on- (and sometimes off-) campus jobs. The program gives students an opportunity to gain valuable work experience while pursuing a college degree. However, not every school participates in the Federal Work-Study Program. Schools that do participate have a limited amount of funds they can award to eligibl....

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