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In this episode, we ask:
- What are the four main sources of college aid?
- What does the Federal Government offer?
- What does a work study program offer?
- What about Stafford and Perkins loans?
- Who borrows money on these loans?
- Which loans require cosigning?
- What happens if your kid quits school or the kid doesn’t find an income stream soon after graduation?
- What about Parent Plus loans?
- Which loans balloon or stack up?
- On which loans are the interest deductible?
- Is there a Parent Plus loan in your aid package?
- What does the State Government offer?
- What about the colleges themselves?
- How do you get most aid from the college you want to attend?
- How does one start to plan for sending kids to college?
- What percentage of FAFSA forms are submitted incorrectly?
- What happens on October 1st of your high schooler’s senior year?
- What is the CSS profile form?
- What paperwork does each higher education institution require?
- What forms do you need to consider if you are divorced?
- What happens to the Family Contribution when there are more than 2 parents involved?
- How does this affect how much aid you’re eligible for?
- What does each school require?
- How do you navigate all of this on your own?
- How might we help you with our tools?
- Will you pay the sticker price for the school?
- Are private schools always more expensive than public schools?
- Do you have to take the award offer as it’s stated?
- How do you negotiate your award offer?
- Is your award offer fair?
- Who do we partner with to review award offers?
- What laws and amendment have recently been passed regarding education costs?
- College Cost Reduction Act (2007)
- American Recovery and Reinvestment Act (2009)
- American Opportunity Tax Credit Extension (2011)
- How do these impact how you plan, save and pay for college?
- When should you start to plan?
- Who needs to be on your college planning team?
- What questions should you ask a potential college planning advisor?
- How can you put you and your child in the best position possible?