When you've been in the college funding business over twenty-five years and trained over 5,000 advisors, you've heard every possible story, received every possible pitch, and seen every possible blunder. In the financial services industry, every advisor has their 'favorite' investment. You want to make money. I get that. But regardless of the money made, you really should have your client's best interest in mind when suggesting products and investments. So the other day I get into a discussion....
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All you hear in the news is that a college education is mandatory for a good job. There’s no doubt in my mind that statement is true. This is why admissions enrollment today is the highest ever, which of course why college costs are the highest ever. Supply and demand. The rising cost of college never seems to end. If you are retired, the average increase in your social security benefit over the past few years has been negligible. Family incomes have not gone up much either, which is why the....
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Are your clients looking to go to a college out-of-state for in-state costs? A public college in another state costs 2-3 times for out-of-state students compared to the in-state prices. Being considered an in-state student will make those out-of-state schools more affordable. If the student can establish in-state residency, the cost of college can be reduced by eliminating the out-of-state tuition. In many states, out-of-state tuition can double or triple the cost of attendance. The four ....
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Today I’m going discuss a Microsoft Excel calculator that I developed called the College QUIKPLAN Calculator. It’s included as part of your membership and every Certified College Funding Specialist can use this calculator to do some quick before and after college financial planning with your prospective clients. I developed it for financial advisors who want to demonstrate how the repositioning of income and assets can dramatically increase the prospective client’s grant and scholarship of....
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