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In this episode, we ask:
- What does the Wall Street Journal say about qualifying for student aid?
- What is a 529 plan?
- How does it affect aid on the Federal level? When colleges set up their own aid?
- How do financial aid officers look at 529 funds? How do they treat it?
- Do you know which college your kids / grandkids are applying for?
- What are some ideas for managing the 529 plan as you approach paying for college?
- How are the 529 plans like other qualified plans, for example the 401(k)?
- What is one of the most predictable and reliable ways for saving for big purchases?
- How do you maintain control of the money, so you can spend it without strings attached?
- How do you eliminate the opportunity cost with this large amount of money?
- Who does the money ultimately benefit with a Bank On Yourself college solution?
- When do loans kick in for kids?
- Who’s in charge of the loan payback schedule?
- What about a parent matching program?
- Who wants to leave an inheritance to Sallie Mae?
- What about kids that don’t pay the parents back on these loans? What recourse do the parents have?
- How do Bank On Yourself policies get reported on the FAFSA forms?
- Where does your money live?
- What if your money lives in a 529 plan? A savings account? A checking account?
- What are the restrictions on a 529 plan?
- What if you or your kid needs a laptop? To get married? To buy a car?
- How does the money work double duty?
- How can you pay for college tuition and long term care?
- How can you pay for college tuition and retirement?
- How can you pay for college tuition without going broke?
- How can you pay for college tuition without being a burden on your kids, financially, as you age?
- How can you get federal student loans that are subsidized?
- How do subsidized loans work well with a Bank on Yourself policy?
- Would you like 0% interest for four years?
- How can you wipe out student loan debt with a Bank on Yourself policy?
- What happens to your plan at the end? Do you have to work on it or does it self complete?
