Education Planning Resources                                                             Planning from High School through College and Beyond...

College Planning

Next to buying a home, a child’s college tuition is probably the largest single expense a family will ever incur.

Today’s college education costs range from $11,000 to $23,000 per year at a state college and $26,000 to $52,000 at a private college. That’s $44,000 to over $250,000 for a four-year education. 

How will families meet this obligation? Some families spend their life and/or retirement savings. Others take out home equity loans and burden their family budgets. Education Planning Resources, Inc. can provide solutions.

 



 

We help families reduce the out of pocket expenses wherever possible, by following the guidelines created by the federal government and the institutions’ own formulas. 

What Is A College Aid Planner?

College Aid Planners do not work for a school or government agency; instead, they have an allegiance only to the family for which they are working. The College Aid Planner is a professional planner who is trained to provide the family with the best possible solution to their financial aid problems. They can relate methods to minimize the Expected Family Contribution, and qualify for the maximum amount of aid permitted by law. With rising college costs consistently outpacing inflation, one should not feel bad about seeking a financial professional’s services!  

This is no less ethical than the service of a tax accountant, who suggests lawful methods to decrease tax expenses. We are in compliance with the U.S. Department of Education and strictly adhere to all government regulations and requirements.

 

Understanding Financial Assistance

If you’re the parent of a college bound high school students, you may be overlooking substantial financial assistance opportunities and not even know it.

Not understanding the financial assistance offered today could be costing your family thousands of dollars and a better education for the student.  You may think your family makes too much money or has too many assets to qualify for any financial assistance. This is probably not the case. 

Your family’s income may be up to $160,000* (or even higher if you have more than one student in college) and your family may still qualify for some financial assistance. There are also a large number of grants and awards that are based solely on merit, not need.

 

Good News

A child can probably receive a better education at a prestigious, expensive private college for about the same cost as a state college - and in some cases for even less.

*There are different solutions available for many families who own businesses or have incomes higher than $250,000.  Contact us here to learn more.
 

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