- How to pick colleges that will offer the best financial aid packages for a variety of student and family situations. How to evaluate the trade-offs between public and private colleges and in-state versus out-of-state schools.
- How to pay for college without relying on 529 plans, expensive private student loans, or depleting retirement accounts. How to increase tax deductions and tax credits. How the structuring of income and assets can make a difference.
- What assets are taken into consideration when the U.S. Department of Education calculates the Expected Family Contribution.
- How to develop a customized plan to meet all of the college costs a student will incur, while integrating scholarships, grants, the lowest-cost student loans, and other resources.
- Planning for multiple children in college at the same time. Planning for special needs students and other unique situations, such as divorced couples.
- Navigating the complexities of financial aid timelines and required forms.
Disclosure: College planning services are provided through College Planning Source. Investment advisory and financial planning services are provided as an investment adviser representative of Signature Resources Capital Management, LLC, a registered investment advisory firm. Signature Resources is a service mark of Signature Resources, Insurance & Financial Services, Inc.
This article first published in Proactive Advisor Magazine on February 1, 2017, Volume 13, Issue 4.
Photography by Todd LeVeck