Financial Aid for College

==== ====Check these articles out they are great!http://www.401klifeinsurance.com==== ====Many of my clients come to me and ask about financial aid for college. There are several collegefunding solutions that are available to parents and they are based upon several factors. Mypractice revolves around asset planning strategies that allow your child, or children, to qualify formore funding for college, based on transfering assets to "vehicles" that do not account for, howmuch funding your child can qualify for based on the Federal Methodology of income and assets.The first consideration for college funding solutions, is obviously, borrow the least amount ofmoney that you can to get your degree, and to pay the least amount of interest possible. Theserates are in the 3-4% range at the current time, but could easily increase to the 7-8% range overthe next several years. This in and of itself, could cost five thousand dollars or more just inincreased interest rate payments for your childs education.If you have been diligent in saving for your childrens education, and you have accumulated part ofthe amount needed, or all of the amount needed, you probably accumulated it in exactly the wrongvehicles to have your children qualify for needs based financial aid for college. If youaccumulated education funds for college, another worst place to have accumulated those funds, isin your childs name.I have studied hundreds of government documents, books, manuals, and formulas, and I havediscovered the best way to be a college financial aid advisor, is to help my clients with the only twoplaces that families can put money so that it doesnt count against them for college fundingsolutions. The only two places that a family can put assets that will help them qualify for fundingfor college, is in life insurance and annuities.I have helped many clients save for retirement. The need became so obvious to help families withreally any type of net worth, to help them pay for their childrens college education, that I am wellrespected as a trusted college funding advisor.I dont specialize in any type of private scholarship search service, but rather helping my clientsincrease their eligibility for needs based college funding solutions, based upon tax favoredstrategies that while may not help with financial aid in all cases, it will help with sending yourchildren to college for the lowest out of pocket expense, thereby getting the best educationpossible, and not strapping them with an unconquerable mountain of debt.The primary objective of asset based financial strategies, is to reduce the overall value of thefamily assets, which will put your assets out of view in calculating financial aid formulas, asinsurance products are currently EXEMPT from the Federal Methodology in calculating financialaid for college.==== ====Check these articles out they are great!http://www.401klifeinsurance.com==== ====

Financial Aid for College

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