Financing a college education can be a complicated and confusing process, especially without the right guidance. We work with families that haven't saved for college and show them how to pay for college without sacrificing lifestyle or retirement hopes and dreams.
Wherever you are in the college planning process, professional guidance can help you sort out fact from fiction and start making good choices today..
Experience the difference when you work with an Independent Certified College Planning Specialist
Unfortunately, most people find college financing so overwhelming and complex that they don't take advantage of the opportunity to plan ahead with the help of a professional. An estimated 13 million families could benefit from working with an unbiased, objective college financial planner.
By engaging the services of an Independent Certified College Planning Specialist you will be working with our specially trained Certified College Planner Specialist. They put their knowledge and experience to work to eliminate the confusion, figure out what questions you need answers to, and customize a strategy that works for your family.
Do any of these college planning problems RELATE TO YOU?
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I work as a Senior Manager in a large corporation. I have a six-figure income, three children with one in college and two in high school. Most of my investments are in my retirement and 401(K) plan. We would like to send our kids to private college, but the cost is too much with three children.
This is a common misconception and we can help guide you in positioning your children to be attractive to a private college, find the one that is the best fit and assist in guiding you in receiving more gift aid than available at a public college.
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I have a 3.7 GPA student, who has career aspirations. They believe that community college or state school would be the best start until they get a true direction.
With the right student assessments and career planning tools, we can help inspire your student in a direction that matches their interests and personalities. Then we can help locate the colleges that best reflect their desires and needs. This can help reduce the cost of college by possibly eliminating school transfers (which usually adds cost), and then taking more than 4 years to get their degree, which also adds to the cost.
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My business is doing really well, but the taxes are eating me alive. How can I pay for college and retirement at the same time?
By using established tax planning strategies it may be possible to lower the out of pocket cost of higher education and still put money away for retirement.
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Our family has significant investments that have a low cost basis, and I really don't want to pay the capital gains to pay for college costs. So I plan to pay for these costs out of pocket, but this will affect our current standard of living.
Don't be fooled by tax rates. By using strategies to gifting assets or income to a child in a lower tax bracket, taxation may be reduced. This savings is now a resource that can be used to pay for college rather than taxes or interest on loans without sacrificing current cash flow.
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All my assets are invested in retirement and I have not saved much for college. I guess I have to pay for some and take loans out for the rest; however, this will effect our standard of living.
By focusing on student positioning, taking advance placement classes and maximizing cash flow, significant college savings can be made, thereby reducing the amount of loans that are needed and amount of interest paid. A review of your cash flow may help us design and recommend specific strategies that will reduce the required loans and improve current cash flow.
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I have a lot of equity in my home; I plan on taking out a new mortgage to finance college. That way the loan expense will be tax deductible.
This may be an effective strategy, however when paired with other strategies, this one can be even more powerful and reduce your overall cost of college.
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I own some real estate income property and will just use the income to pay for college or just sell one of our real estate investments to fund this expense.
Again this may be a good strategy, but if paired with other strategies you may be able to reduce taxes and increase cash flow and eliminate the need to liquidate a property, especially at the wrong time.
College preparation and planning for this expense can be complex and overwhelming to integrate all these considerations into one comprehensive solution. At FMI College Planning we can simplify this process and help you reduce the cost of attending college.
ARE YOU READY FOR THE NEXT STEP?
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