FUNDING COLLEGE, WHAT YOU DON’T KNOW CAN WREAK HAVOC ON YOUR RETIREMENT

FUNDING COLLEGE,  WHAT YOU DON’T KNOW CAN WREAK HAVOC ON YOUR RETIREMENT

Every month I get client questions from advisors that leads me to believe there are still a ton of untruths, misbeliefs, and misconceptions in the college market. Forget about the advertised price (which now approaches $300,000 per student), the actual price a family ends up paying for college today will cut deeply into their retirement plans. I think everybody knows it - they just choose to avoid it. So let me point out some of the most prominent misconceptions I often hear and why every family....

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REDUCE OUT-OF-STATE TUITION USING REGIONAL TUITION EXCHANGE PROGRAMS

REDUCE OUT-OF-STATE TUITION USING REGIONAL TUITION EXCHANGE PROGRAMS

I wrote a well-read post last year called TUITION HACK: LITTLE-KNOWN WAYS TO PAY IN-STATE TUITION RATES AT OUT-OF-STATE COLLEGES. It’s about cutting the high cost of out-of-state public universities by becoming an actual resident of the particular state where the college was located. As I mentioned in the article, there are four basic elements used to determine residency by these out-of-state public universities. They are, 1) Duration of residence requirement, 2) Financial independence, 3) Pr....

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UNDERSTANDING “PREFERENTIAL PACKAGING” AND HOW COLLEGES USE IT TO RECRUIT STUDENTS

UNDERSTANDING “PREFERENTIAL PACKAGING” AND HOW COLLEGES USE IT TO RECRUIT STUDENTS

College costs have escalated beyond the reach of many families today.  While the cost of in-state public universities hovers around $30,000 a year, private school costs have now reached the $70,000 mark. As a result, many of these private colleges now use financial aid as a recruiting tool for students that fit the school’s profile. This phenomenon is called "preferential packaging." Preferential packaging merely means that colleges will offer the most advantageous financial aid packages to ....

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JOIN ME IN LAS VEGAS AT 2018 HOW TO GET… THE “HARD TO GET” - A TACTICAL SYMPOSIUM FOR FINANCIAL PROFESSIONALS, ESTATE PLANNERS, & CPAs

JOIN ME IN LAS VEGAS AT 2018 HOW TO GET… THE “HARD TO GET” - A TACTICAL SYMPOSIUM FOR FINANCIAL PROFESSIONALS, ESTATE PLANNERS, & CPAs

I have been asked a few times over the last couple of years to put on another Las Vegas college funding event as I have done so many times before. I have purposely pushed back on the 1-2 day live “college” only events, because quite honestly when it comes to “college” there isn’t that much to talk about that couldn’t be done online. Also, I don’t think it is right making up excuses to cancel a live event and replace it with an online webinar when there aren't enough registrations o....

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