It may seem like only yesterday that you dropped off your child at kindergarten and now they will soon be finishing high school.  Do not be alarmed but college is just ahead.  The next few years can be one of the most expensive times in raising a child. If you feel that you have not planned for college, you are not alone.  It is never too late.  The college and financial decisions that both you and your child will make will last a lifetime.  To pay for college you need to bring together the financial aid process, college saving plans, educational tax strategies, financing options and student loan repayment.  You need to remember this is a $100,000 to over $200,000 investment decision that you and your child are making and proper planning is recommended. At a minimum, this is a four-year financial plan and it will change each year based on a variety of things.  One of the major short falls of this process is that the colleges only give you financial information one year at a time.  Our process and the way you need to analyze this investment, is on a four-year cash flow basis similar to a business.  Having a plan and vision of the outcome needs to be part of your planning.  If the company you worked for was about purchase a $100,000 piece of equipment, what type of analysis would be required before that purchase was made? You also need to remember that education is a business.  It does provide a social and economic benefit, but just remember who will be paying for it and how much it will cost.  Within the college process, many families focus on the admission aspects of the college decision.  Our advice is to focus on the outcome of the education.  This should include the social benefits that degree will provide to society along with the financial rewards that will be given for your contribution.

This video will address:

Student Loans

 This is a very complicated process please use the other videos and resources within the website.  If you need professional college funding advice, please visit our Services. We can help you avoid common mistakes and maximize your saving potential.