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Financial Aid For College – How To Get Financial Aid For Your Kids
Posted by admin in Financial Aid for College on August 17, 2010
Are your kids headed for college? Are you worried about how to pay for it? Read on for three key things you can do right now to help improve your chances of getting financial aid for college.
You should plan on paying as little as possible out of your own pocket for your children’s education. In fact, your kids should get financial aid or scholarships for college.
But you’re convinced that you make too much. Well, that’s what “they” want you to believe. As it turns out, there are a quite few things you can do to help your kids get financial aid for college after all.
Read on for three things you should start doing right now. They could save you thousands of dollars and mean the difference between a depleted retirement account and a nice big nest egg:
1) Educate yourself
Get the facts, not just the misinformation that the school guidance counselors give you, or the pamphlets from the college financial aid office. It’s not that anyone is trying to pull your leg. It’s just that their resources are very limited. The guidance counselors simply don’t know the alternative solutions. After all, they’re not trained as financial advisors.
It’s up to you to take responsibility for investigating ALL your options. Find out what you need to do to get financial aid and scholarship money.
2) Take action right now
Start taking action right away. It’s crucial to start planning as early as possible. And I’m not talking about savings plans here.
Becoming eligible for financial aid for college may require some careful planning and financial maneuvering — and that can take time. One of the key things you need to do is to turn assets that are counted towards eligibility for financial aid into assets that are not. And what assets might those be? Certain types of life insurance, for example.
Your kids also need time to add certain activities to their schedule, from social service to playing chess to sports to getting involved in leadership activities. You’ll be pleased to know that any of those could pay off in big scholarship money — particularly social service.
3) Get expert help
You already discovered that counting on financial aid officers to help you will only get you in trouble. But did you know that even your regular financial advisor isn’t a sure bet? He may just give you a savings plan that will force you to scrimp and save to pay for your child’s college costs yourself. He might even steer you toward the failed 529 plan. Just say no!
Here’s what to do instead: Find a wealth management advisor who has experience with helping wealthy families get college funding. You’ll need a specialist because most regular financial advisors simply don’t know about all the secrets that are involved in moving your assets out of categories that are counted and into categories that don’t count towards financial aid.
And if you want to find out more about getting financial aid for college, click here and sign up for my next FREE webinar on outside-of-the-box college funding strategies.
Financial Aid for College – Getting the Money You Need to Get your Degree This Year!
Posted by admin in Financial Aid for College on July 28, 2010
If you are considering going back to school and you are a father of any sort, then you need to know about the new program that has come out. There are many forms of financial aid for college, but the best forms are those that are considered free money. These are usually in the form of grants and scholarships and the best part is that you never have to pay them back. Here is what you need to know to get the money you need for college.
First, the most popular and most well known form of financial assistance for college is government student loans. These are usually between $5,000 and $6,000 a year that you can get to help you pay for your tuition and fees. They do have to be paid back, but you never have to make a payment until you have graduated and even then there are options to delay payments until you can afford them. This is the last form of aid you want to look into.
Second, you can also get financial aid for college in the form of grants. The most popular of the grants is the pell grant. This is given to any independent students that are 23 years or older and do not make much money. As long as you make less than $30,000 a year you will qualify for some amount of the pell grant. This form of financial aid for college can give you as much as $5,500 a year in free money to help you pay for college.
Last, another way to pay for college with free money is to get a scholarship. These are not always for athletes and scholar students. There are actually quite a few other scholarships that anybody can apply for. There are also new programs specifically for fathers so that they can go back and get the degree they have always wanted. You can get up to $10,000 in free money with the programs that are out there for dads and you can get your education for free.
Financial Aid For Colleges
Posted by admin in Financial Aid for College on May 5, 2010
Searching for financial aid for colleges? You are more than likely in the same situation with millions of people out there. You have been working hard for your boss for a while and now you happen to find yourself out of a job. Or you just might be in a situation when there is only one income coming in and now that income has disappeared. And now you and your family are wondering what to do next.
Most employers look unfavorably on job applications with a lengthy amount of time on unemployment.So you can easily figure out that the next time that you’re applying for a job your application it is going to more than likely at the bottom. If you are unsure of what to do in this situation, the next best thing that I can suggest to you is to go back to school. Being in the tight situation that you are currently in, you’re probably wondering how in the world you are going to be able to go to school and pay your bills at the same time.
Thankfully there are financial aid for colleges programs available for individuals like you in this type of situation. It’s free money for people that are willing to do something for themselves and to better their families. The award amounts for some of these scholarships can be quite high. You can be looking at upwards of $10,000 in free financial aid for colleges money that you never have to pay back. Now can you just imagine just how much free money you can get if you sign up for all the free scholarship programs out there. And with this scholarship you can easily use it to pay any additional bills that you have and still be able to go to school so you can put you and your family in a better financial position.