In a time where our income levels are not keeping up with inflation, but the cost of college is increasing at 3 times the rate of inflation….What can be done to keep our financial house from falling apart?!
Well…while there is no magic wand that will repair the state of our economy, there certainly are ways we can become better informed about the way we present ourselves to the colleges. Most people feel that they will just do what they can today…even if that means sending their child off to a local state school to keep from pilaging their own retirement accounts. The reality is that with proper planning, the “sticker price” of the school is much higher than the price you will actually pay to attend.
In fact…in our experience, when you plan correctly…you can usually send your student off to a private school for the same price…or LESS than the state school!
The next thing to be mindful of is that there are so many moving parts when trying to qualify for financial aid, and any one of these parts can cause a dramatic difference for what you will pay for school.
Errors on the financial aid forms is a biggie: The amount of financial aid forms submitted with errors is staggering. Submitting a form with errors will cause you time…and in this type of a process TIME IS MONEY! A lot of the funds the colleges give you are distributed on a first come-first serve basis.
To receive our free report titled AVOIDING the 7 BIGGEST mistakes families make when applying for financial aid….please fill out the info form on the “contact us” tab….and type FREE REPORT in the message box!