Did you know that September is College Savings Month? One of our goals at MEFA is to make sure that families have the best possible information on saving for college.
Students will learn about how the different forms of financial aid can help them finance their college education, and how to obtain funding help when paying for college.
This document provides information on strategies for maximizing financial aid eligibility for college. It discusses how expected family contribution is calculated based on parental income and assets, and how this determines need-based financial aid eligibility. Certain assets like retirement accounts are not considered, while others like savings and investments are counted differently depending on the calculation method used. The document also notes that eligibility depends on the specific college's cost of attendance, as a student may qualify for aid at an expensive private school but not a cheaper public one. Customized analyses and strategies are recommended to help position a family's finances to minimize their out-of-pocket costs for college.
This document provides information about saving for college, including the rising costs of college, options for paying for it, and different savings vehicles like 529 plans, Coverdell ESAs, U.S. savings bonds, and custodial accounts. It discusses how financial aid is determined based on assets and income, and advises not relying too heavily on loans. Various college savings options are described and compared, including their tax benefits. An example hypothetical family situation is presented to illustrate which options may be suitable. The importance of also saving for retirement is emphasized.
The document discusses strategies for saving for college, as college costs continue to rise significantly each year. It recommends starting a college savings fund as early as possible and saving a portion of projected costs, such as 50%, to use as a down payment with the rest covered through financial aid, loans, or other sources. The document reviews several tax-advantaged college savings options including 529 plans, Coverdell ESAs, U.S. savings bonds, and UTMA/UGMA accounts. While financial aid can help cover costs, the document notes that student loans typically make up the largest percentage of aid packages, so it is important to focus on savings to minimize reliance on loans.
The document provides information on different options for paying for college, including financial aid, grants, scholarships, loans, and other programs. It discusses filing the FAFSA to qualify for most federal and state financial aid programs. It explains that grants and scholarships do not need to be paid back. It also outlines the differences between federal and private student loans. The document recommends only borrowing what is needed to cover school expenses and to consider a student's future earning potential and debt-to-income ratio when determining loan amounts. It provides websites for additional information on various financial aid and loan programs.
What Parents need to know about College Financial AidSeaNSun LLC
Our goal today is to educate you as to the rules of the game and how to win. The common theme all parents share is to send their children to the best college that they can afford in order to give their child a leg up in life without jeopardizing their retirement.
Powerpoint with becky editsfinal10272021approvedAlexander121900
This document provides information to help families save on college costs. It discusses increasing eligibility for financial aid and obtaining suitable financial aid packages. Key points covered include understanding the financial aid process, strategies to make college more tax efficient, saving and investing for college, increasing aid eligibility, finding suitable schools, and preparing for retirement while paying for children's education. Specific tuition and cost figures are given for Utah universities to illustrate total costs of attendance. Ways to lower the expected family contribution through asset positioning are outlined. The importance of choosing colleges that meet most or all of students' financial need is also emphasized.
Students will learn about how the different forms of financial aid can help them finance their college education, and how to obtain funding help when paying for college.
This document provides information on strategies for maximizing financial aid eligibility for college. It discusses how expected family contribution is calculated based on parental income and assets, and how this determines need-based financial aid eligibility. Certain assets like retirement accounts are not considered, while others like savings and investments are counted differently depending on the calculation method used. The document also notes that eligibility depends on the specific college's cost of attendance, as a student may qualify for aid at an expensive private school but not a cheaper public one. Customized analyses and strategies are recommended to help position a family's finances to minimize their out-of-pocket costs for college.
This document provides information about saving for college, including the rising costs of college, options for paying for it, and different savings vehicles like 529 plans, Coverdell ESAs, U.S. savings bonds, and custodial accounts. It discusses how financial aid is determined based on assets and income, and advises not relying too heavily on loans. Various college savings options are described and compared, including their tax benefits. An example hypothetical family situation is presented to illustrate which options may be suitable. The importance of also saving for retirement is emphasized.
The document discusses strategies for saving for college, as college costs continue to rise significantly each year. It recommends starting a college savings fund as early as possible and saving a portion of projected costs, such as 50%, to use as a down payment with the rest covered through financial aid, loans, or other sources. The document reviews several tax-advantaged college savings options including 529 plans, Coverdell ESAs, U.S. savings bonds, and UTMA/UGMA accounts. While financial aid can help cover costs, the document notes that student loans typically make up the largest percentage of aid packages, so it is important to focus on savings to minimize reliance on loans.
The document provides information on different options for paying for college, including financial aid, grants, scholarships, loans, and other programs. It discusses filing the FAFSA to qualify for most federal and state financial aid programs. It explains that grants and scholarships do not need to be paid back. It also outlines the differences between federal and private student loans. The document recommends only borrowing what is needed to cover school expenses and to consider a student's future earning potential and debt-to-income ratio when determining loan amounts. It provides websites for additional information on various financial aid and loan programs.
What Parents need to know about College Financial AidSeaNSun LLC
Our goal today is to educate you as to the rules of the game and how to win. The common theme all parents share is to send their children to the best college that they can afford in order to give their child a leg up in life without jeopardizing their retirement.
Powerpoint with becky editsfinal10272021approvedAlexander121900
This document provides information to help families save on college costs. It discusses increasing eligibility for financial aid and obtaining suitable financial aid packages. Key points covered include understanding the financial aid process, strategies to make college more tax efficient, saving and investing for college, increasing aid eligibility, finding suitable schools, and preparing for retirement while paying for children's education. Specific tuition and cost figures are given for Utah universities to illustrate total costs of attendance. Ways to lower the expected family contribution through asset positioning are outlined. The importance of choosing colleges that meet most or all of students' financial need is also emphasized.
The document provides information on financing a student's education, including the typical costs of college, types of financial aid, and how to apply for aid. It discusses grants, scholarships, loans, tax benefits, and financial aid formulas. The document also provides tips on completing financial aid forms and understanding aid award letters.
The decision to go to college can by complicated by the financial commitment that’s involved. It can be stressful (as a family) to think of the expense, the debt piling up, and the unknown of when it comes time to repay.
With some knowledge and preparation, you can make college happen. Don’t let the cost deter you if you’re confident in the value of a college education!
This document discusses types of financial aid for higher education including scholarships, grants, loans, and work-study. It outlines the steps to apply for need-based financial aid including completing the FAFSA and CSS Profile if required. An example eligibility formula and financial aid package are provided. Common misconceptions about financial aid are addressed such as income cutoffs, the difficulty of the FAFSA, affordability of private schools, and expectations about depleting savings.
The document discusses various strategies for planning and paying for college in a cost-effective manner. It notes that the average annual cost of attendance is $18,000 for public universities, $36,000 for private universities, and over $48,000 for elite private schools. However, over 60% of students do not finish their degree in 4 years, increasing costs. It emphasizes the importance of finding the right college fit through career and personality assessments to guide major and school selection. The document also outlines strategies for maximizing financial aid, utilizing education tax benefits, and developing a comprehensive college funding plan to pay for education costs without jeopardizing retirement savings goals.
Regional Finaid Aid Nights, HS Tour 2010David Olson
This document provides information about financial aid options for college, including scholarships, grants, work-study, and loans. It outlines the application process for federal aid and state scholarships in Utah. Key details covered include requirements and deadlines for scholarships like the New Century Award and Regents' Scholarship, how to complete the FAFSA, estimates of financial need, and tips for funding your college education.
The International Summer Award (ISA) provides Yale students on financial aid with funding of up to $10,500 to participate in eligible international programs that are at least 4 weeks long. Eligible programs include Yale Summer Session courses abroad, internships, and certain non-Yale study abroad programs. Students must submit an ISA application by May 1st and can check their estimated funding percentage online. ISA recipients receive funding by early May to offset approved program costs, though students are responsible for deposits and other early fees. Recipients must submit a post-program report and use funds only for approved expenses.
The document presents a mathematical model to calculate the expected family contribution (EFC) for college costs based on household income and size. It applies the model to families with: 1) one parent/one child making $35k, $75k, and $125k and 2) two parents/three children making $35k, $75k, and $125k.
The model finds that a one parent/one child household making $35k would pay $1,919.20 in EFC over two years, while those making $75k or $125k would pay the full tuition before scholarships. A two parents/three children household making $35k would pay $75.56 per child in
This document provides an overview of financial aid strategies from the Financial Aid Strategy website. It discusses maximizing financial aid and minimizing costs through understanding forms like FAFSA and the CSS Profile, effective asset placement, and appealing financial aid awards. Key points covered include how factors like GPA, test scores, assets, income and family size affect financial aid eligibility and expected family contribution calculations. The document aims to educate parents on navigating the financial aid process to afford the best college for their child.
This document discusses myths about financial aid and provides information to help students and families better understand their financial aid options. It addresses two common myths: 1) that some families cannot qualify for aid based on income, but there are non-need based options available, and 2) that it's not worth filling out financial aid forms if you don't qualify, but students must complete the FAFSA to be considered for major aid programs. The document provides an overview of federal, state, and institutional financial aid options as well as the importance of completing the FAFSA and CSS Profile if required by colleges.
The document provides an overview of the financial aid process for high school seniors and their families. It discusses key terms like cost of attendance, expected family contribution, and financial need. It also summarizes the various types of financial aid including scholarships, grants, loans, work-study, and how to apply for federal aid through completing the Free Application for Federal Student Aid (FAFSA). Tips are provided on borrowing responsibly and meeting financial aid deadlines.
Nov. 10, 2011 Wissahickon HS Financial Aid NightChristopher
Fran McKeown, a representative from PHEAA (Pennsylvania Higher Education Assistance Agency), presented to parents and students of Wissahickon HS about financial aid.
This document provides information to help families understand and maximize their eligibility for financial aid. It begins with examples of expected family contributions for college based on income. It then discusses strategies like sheltering savings and the impact of assets, income sources, and financial forms. The document lists top colleges and their large endowments, noting most award aid based on need. It aims to ease the financial burden through options like merit awards, grants, loans, and lower-cost schools. Overall, the document seeks to educate families on financial aid rules and strategies to increase their eligibility and affordability of higher education.
The document proposes establishing an endowment within the University System of Maryland to make public colleges and universities tuition-free for residents. The endowment would be seeded with funds from the system, private donations, and the state government. It would initially cover tuition for transfer students with financial need and aim to eventually cover all tuition-eligible students in the system. The endowment is intended to provide sustainable funding independent of annual budgets and reduce debt for students.
This document provides information about financial aid available at San Jose State University. It discusses the basic types of financial aid including grants, loans, scholarships, and work study. It explains how to apply for financial aid through completing the Free Application for Federal Student Aid (FAFSA) and defines important terms like expected family contribution, cost of attendance, and financial need used to determine eligibility. The document emphasizes applying by deadlines and maintaining satisfactory academic progress to receive financial aid.
Federal education grants provide billions of dollars each year to help students pay for college. The most common grants discussed are Pell Grants, which average around $3,600 per student. Pell Grants form the base of federal financial aid and do not need to be repaid. To qualify for grants, students must submit a FAFSA and have financial need based on their Expected Family Contribution amount. Grants are primarily for undergraduate students but some programs support graduate students as well.
D Roberts 10 tips for maximizing financial aid Damon Roberts
This document provides 10 tips for maximizing financial aid for college:
1. Complete the FAFSA early and online to avoid errors and receive aid on a first-come basis.
2. Do not include exempt assets like retirement accounts on the FAFSA.
3. Contact financial aid offices directly to request reviews of aid packages and substitutions of loans for outside scholarships.
4. While financial aid is available, parents should still save for college themselves.
This document provides information to students on applying for financial aid and scholarships for college. It discusses timelines, acronyms, and expectations from colleges. Students learn about free online resources to search for scholarships and grants. The key steps are to complete the Free Application for Federal Student Aid (FAFSA) as early as possible after January 1st of senior year to be considered for federal aid, and to closely follow application deadlines and requirements for individual colleges and scholarships. Interviews and essays may also be required for competitive scholarships. Students are advised to stay organized and utilize available guidance resources and checklists.
This document provides information about planning and saving for a child's education, including estimated costs of attending college, impact of inflation on costs over time, and different savings and funding options. It discusses calculating how much to save monthly based on the child's age and estimated college costs. It also outlines several US tax incentives available in 2013 to help pay for qualified education expenses, such as the American Opportunity Tax Credit, Lifetime Learning Credit, student loan interest deduction, and Education Savings Accounts.
This document summarizes a financial advisory presentation on saving and paying for a child's college education. It discusses factors to consider like the costs of different types of colleges, available financial aid options, federal and private student loans, tax benefits, and savings vehicles like 529 plans. It also addresses developing a financial plan and goal for paying for education.
This document provides 10 tips for maximizing financial aid for college:
1. Complete the FAFSA early and online to avoid errors and receive aid on a first-come basis.
2. Do not include exempt assets like retirement accounts on the FAFSA.
3. Contact financial aid offices directly to negotiate a more favorable aid package beyond initial offers.
4. Ask for scholarships to reduce loans first rather than lowering grant amounts.
A college education increases your child’s ability to think critically, advance in a career, contribute to the community and better understand the world. No wonder choosing the right college is such an important task. Your child and you must carefully consider the many aspects of a college – academic offerings, size, location, and campus life – to ensure the best possible match with his/her academic, personal and career interests. The right college choice must be affordable as well. Financial aid is available in many forms to help students meet college costs. This assistance is intended to supplement, not replace, the efforts of students and families. This guide gives parents and students the basic information needed to begin securing financial aid. It will help you find the information you need to ask the right questions and make informed decisions about managing college costs.
Source: https://ebookschoice.com/making-money-wise-college-decisions/
December 2014 Student Loan Seminar PresentationKristina Flores
Prospera Credit Union (https://myprospera.com) is a local credit union that now serves a four-county area and is strong enough to provide you with everything you need, yet small enough to know you personally and care about your and your family's prosperity. When you choose Prosepra, you become a member, not just a customer. Part of a family. A family that works together for everyone's benefit.
Prospera Credit Union's history dates back as far as 1934, when it was officially opened for business under the Banta Credit Union name. Over the years, the number of people eligible to join was expanded to include nearby counties and communities. In 2002, the name was changed to Prospera, but, our basic promise to our members has always been the same.
What's your LIFEstage?
We provide personal, tailored guidance that leads to prosperity for all our members. (https://myprospera.com/lifestages)
Starting On Your Own
Singles
Couples
Parenting Young Children
Parenting with Teenagers
Empty Nesters
Retireees
Divorce
Widow / Widower
Our services include:
Home Loans, Home Loan Rates and Current Mortgage Rates
Home Equity Loans
Auto Title Loans as well as Boat and RV Loans
Credit Cards
Personal Loans
Protection Plans
Loan Appllications
Free Bill Pay
Interest Bearing Checking
Overdraft Protection
Automatic Overdraft Transfer
Team and Club Community Checking
Share Savings
CDs, IRAs & Money Markets
Checking, Savins, CD and Money Markets
Investment Products and Services
Business Rates
Auto Calculators
Mortgage Calculators
Looking for a way to contact us? Please call us at 920-882-4800 or fill out the below contact form on our website (https://myprospera.com/contact-us)
Come visit us at one of our four locations:
Appleton Branch - 4830 N. Ballard Rd. Appleton, WI 54913
Neenah Location - 934 S. Green Bay Rd. Neenah, WI 54956
Menasha Location - 849 Warsaw St. Menasha, WI 54952
Darboy Location - N9660 County Rd. N Appleton, WI 54915
The document provides information on financing a student's education, including the typical costs of college, types of financial aid, and how to apply for aid. It discusses grants, scholarships, loans, tax benefits, and financial aid formulas. The document also provides tips on completing financial aid forms and understanding aid award letters.
The decision to go to college can by complicated by the financial commitment that’s involved. It can be stressful (as a family) to think of the expense, the debt piling up, and the unknown of when it comes time to repay.
With some knowledge and preparation, you can make college happen. Don’t let the cost deter you if you’re confident in the value of a college education!
This document discusses types of financial aid for higher education including scholarships, grants, loans, and work-study. It outlines the steps to apply for need-based financial aid including completing the FAFSA and CSS Profile if required. An example eligibility formula and financial aid package are provided. Common misconceptions about financial aid are addressed such as income cutoffs, the difficulty of the FAFSA, affordability of private schools, and expectations about depleting savings.
The document discusses various strategies for planning and paying for college in a cost-effective manner. It notes that the average annual cost of attendance is $18,000 for public universities, $36,000 for private universities, and over $48,000 for elite private schools. However, over 60% of students do not finish their degree in 4 years, increasing costs. It emphasizes the importance of finding the right college fit through career and personality assessments to guide major and school selection. The document also outlines strategies for maximizing financial aid, utilizing education tax benefits, and developing a comprehensive college funding plan to pay for education costs without jeopardizing retirement savings goals.
Regional Finaid Aid Nights, HS Tour 2010David Olson
This document provides information about financial aid options for college, including scholarships, grants, work-study, and loans. It outlines the application process for federal aid and state scholarships in Utah. Key details covered include requirements and deadlines for scholarships like the New Century Award and Regents' Scholarship, how to complete the FAFSA, estimates of financial need, and tips for funding your college education.
The International Summer Award (ISA) provides Yale students on financial aid with funding of up to $10,500 to participate in eligible international programs that are at least 4 weeks long. Eligible programs include Yale Summer Session courses abroad, internships, and certain non-Yale study abroad programs. Students must submit an ISA application by May 1st and can check their estimated funding percentage online. ISA recipients receive funding by early May to offset approved program costs, though students are responsible for deposits and other early fees. Recipients must submit a post-program report and use funds only for approved expenses.
The document presents a mathematical model to calculate the expected family contribution (EFC) for college costs based on household income and size. It applies the model to families with: 1) one parent/one child making $35k, $75k, and $125k and 2) two parents/three children making $35k, $75k, and $125k.
The model finds that a one parent/one child household making $35k would pay $1,919.20 in EFC over two years, while those making $75k or $125k would pay the full tuition before scholarships. A two parents/three children household making $35k would pay $75.56 per child in
This document provides an overview of financial aid strategies from the Financial Aid Strategy website. It discusses maximizing financial aid and minimizing costs through understanding forms like FAFSA and the CSS Profile, effective asset placement, and appealing financial aid awards. Key points covered include how factors like GPA, test scores, assets, income and family size affect financial aid eligibility and expected family contribution calculations. The document aims to educate parents on navigating the financial aid process to afford the best college for their child.
This document discusses myths about financial aid and provides information to help students and families better understand their financial aid options. It addresses two common myths: 1) that some families cannot qualify for aid based on income, but there are non-need based options available, and 2) that it's not worth filling out financial aid forms if you don't qualify, but students must complete the FAFSA to be considered for major aid programs. The document provides an overview of federal, state, and institutional financial aid options as well as the importance of completing the FAFSA and CSS Profile if required by colleges.
The document provides an overview of the financial aid process for high school seniors and their families. It discusses key terms like cost of attendance, expected family contribution, and financial need. It also summarizes the various types of financial aid including scholarships, grants, loans, work-study, and how to apply for federal aid through completing the Free Application for Federal Student Aid (FAFSA). Tips are provided on borrowing responsibly and meeting financial aid deadlines.
Nov. 10, 2011 Wissahickon HS Financial Aid NightChristopher
Fran McKeown, a representative from PHEAA (Pennsylvania Higher Education Assistance Agency), presented to parents and students of Wissahickon HS about financial aid.
This document provides information to help families understand and maximize their eligibility for financial aid. It begins with examples of expected family contributions for college based on income. It then discusses strategies like sheltering savings and the impact of assets, income sources, and financial forms. The document lists top colleges and their large endowments, noting most award aid based on need. It aims to ease the financial burden through options like merit awards, grants, loans, and lower-cost schools. Overall, the document seeks to educate families on financial aid rules and strategies to increase their eligibility and affordability of higher education.
The document proposes establishing an endowment within the University System of Maryland to make public colleges and universities tuition-free for residents. The endowment would be seeded with funds from the system, private donations, and the state government. It would initially cover tuition for transfer students with financial need and aim to eventually cover all tuition-eligible students in the system. The endowment is intended to provide sustainable funding independent of annual budgets and reduce debt for students.
This document provides information about financial aid available at San Jose State University. It discusses the basic types of financial aid including grants, loans, scholarships, and work study. It explains how to apply for financial aid through completing the Free Application for Federal Student Aid (FAFSA) and defines important terms like expected family contribution, cost of attendance, and financial need used to determine eligibility. The document emphasizes applying by deadlines and maintaining satisfactory academic progress to receive financial aid.
Federal education grants provide billions of dollars each year to help students pay for college. The most common grants discussed are Pell Grants, which average around $3,600 per student. Pell Grants form the base of federal financial aid and do not need to be repaid. To qualify for grants, students must submit a FAFSA and have financial need based on their Expected Family Contribution amount. Grants are primarily for undergraduate students but some programs support graduate students as well.
D Roberts 10 tips for maximizing financial aid Damon Roberts
This document provides 10 tips for maximizing financial aid for college:
1. Complete the FAFSA early and online to avoid errors and receive aid on a first-come basis.
2. Do not include exempt assets like retirement accounts on the FAFSA.
3. Contact financial aid offices directly to request reviews of aid packages and substitutions of loans for outside scholarships.
4. While financial aid is available, parents should still save for college themselves.
This document provides information to students on applying for financial aid and scholarships for college. It discusses timelines, acronyms, and expectations from colleges. Students learn about free online resources to search for scholarships and grants. The key steps are to complete the Free Application for Federal Student Aid (FAFSA) as early as possible after January 1st of senior year to be considered for federal aid, and to closely follow application deadlines and requirements for individual colleges and scholarships. Interviews and essays may also be required for competitive scholarships. Students are advised to stay organized and utilize available guidance resources and checklists.
This document provides information about planning and saving for a child's education, including estimated costs of attending college, impact of inflation on costs over time, and different savings and funding options. It discusses calculating how much to save monthly based on the child's age and estimated college costs. It also outlines several US tax incentives available in 2013 to help pay for qualified education expenses, such as the American Opportunity Tax Credit, Lifetime Learning Credit, student loan interest deduction, and Education Savings Accounts.
This document summarizes a financial advisory presentation on saving and paying for a child's college education. It discusses factors to consider like the costs of different types of colleges, available financial aid options, federal and private student loans, tax benefits, and savings vehicles like 529 plans. It also addresses developing a financial plan and goal for paying for education.
This document provides 10 tips for maximizing financial aid for college:
1. Complete the FAFSA early and online to avoid errors and receive aid on a first-come basis.
2. Do not include exempt assets like retirement accounts on the FAFSA.
3. Contact financial aid offices directly to negotiate a more favorable aid package beyond initial offers.
4. Ask for scholarships to reduce loans first rather than lowering grant amounts.
A college education increases your child’s ability to think critically, advance in a career, contribute to the community and better understand the world. No wonder choosing the right college is such an important task. Your child and you must carefully consider the many aspects of a college – academic offerings, size, location, and campus life – to ensure the best possible match with his/her academic, personal and career interests. The right college choice must be affordable as well. Financial aid is available in many forms to help students meet college costs. This assistance is intended to supplement, not replace, the efforts of students and families. This guide gives parents and students the basic information needed to begin securing financial aid. It will help you find the information you need to ask the right questions and make informed decisions about managing college costs.
Source: https://ebookschoice.com/making-money-wise-college-decisions/
December 2014 Student Loan Seminar PresentationKristina Flores
Prospera Credit Union (https://myprospera.com) is a local credit union that now serves a four-county area and is strong enough to provide you with everything you need, yet small enough to know you personally and care about your and your family's prosperity. When you choose Prosepra, you become a member, not just a customer. Part of a family. A family that works together for everyone's benefit.
Prospera Credit Union's history dates back as far as 1934, when it was officially opened for business under the Banta Credit Union name. Over the years, the number of people eligible to join was expanded to include nearby counties and communities. In 2002, the name was changed to Prospera, but, our basic promise to our members has always been the same.
What's your LIFEstage?
We provide personal, tailored guidance that leads to prosperity for all our members. (https://myprospera.com/lifestages)
Starting On Your Own
Singles
Couples
Parenting Young Children
Parenting with Teenagers
Empty Nesters
Retireees
Divorce
Widow / Widower
Our services include:
Home Loans, Home Loan Rates and Current Mortgage Rates
Home Equity Loans
Auto Title Loans as well as Boat and RV Loans
Credit Cards
Personal Loans
Protection Plans
Loan Appllications
Free Bill Pay
Interest Bearing Checking
Overdraft Protection
Automatic Overdraft Transfer
Team and Club Community Checking
Share Savings
CDs, IRAs & Money Markets
Checking, Savins, CD and Money Markets
Investment Products and Services
Business Rates
Auto Calculators
Mortgage Calculators
Looking for a way to contact us? Please call us at 920-882-4800 or fill out the below contact form on our website (https://myprospera.com/contact-us)
Come visit us at one of our four locations:
Appleton Branch - 4830 N. Ballard Rd. Appleton, WI 54913
Neenah Location - 934 S. Green Bay Rd. Neenah, WI 54956
Menasha Location - 849 Warsaw St. Menasha, WI 54952
Darboy Location - N9660 County Rd. N Appleton, WI 54915
Financial Education - A Family Affair - Budgeting and College Savings Strateg...Jim Stehr
This document provides an overview of budgeting and college savings strategies. It discusses the importance of saving for higher education as part of an overall savings plan by managing a household budget. Various savings options for college are examined, including 529 college savings plans and Roth IRAs. 529 plans allow tax-free growth of contributions and qualified withdrawals for education. While considered assets for financial aid, their low costs and tax benefits are advantageous for college savings.
This document discusses the rising costs of postsecondary education and strategies for paying for college. It notes that while a year of college could be paid for with summer earnings in the past, students would now need to work for over 25 weeks to cover a year's tuition. It then provides information on average tuition costs and projected increases. The document emphasizes that higher education is still a good investment that leads to higher lifetime earnings. However, it notes that many students do not graduate within 6 years and may struggle to repay loans without a degree. The remainder of the document outlines financial aid options including grants, loans, and repayment plans to help students pay for and afford their education.
How to pay for College with out going broke!jlrcks6
The document discusses various ways to pay for college with as little out-of-pocket costs as possible, including through financial aid, tax benefits, and legally arranging one's financial situation. It notes that understanding complicated educational laws, tax provisions, and how to negotiate financial aid packages can help families get thousands more in aid. Proper planning is needed to navigate these options and not miss out on maximum available funds.
The document discusses different types and sources of financial aid for college, including grants, scholarships, work-study, and loans. It explains how financial need is determined based on factors like family income and assets, and how colleges use this information along with the cost of attendance to calculate financial aid packages. The document also provides information on the financial aid application process and resources available to students and families for paying for college.
Saving for a child's college education in the child's name can negatively impact eligibility for financial aid. Money in a child's name counts as an asset for the child on financial aid forms, which reduces potential aid at a higher rate than the same amount saved in the parent's name. It is generally better for eligibility for financial aid to save in an account owned by the parents, such as a 529 college savings plan, rather than in the child's name in an UTMA or other custodial account. The name an account is titled under can have a significant impact on the amount of financial aid a student may receive.
This document summarizes trends in college costs and financial aid. It discusses rising tuition and student debt levels. It provides tips for students and families on estimating college costs, applying for financial aid, and managing student loan debt. The key recommendations are for students to understand how much college will realistically cost, apply for all available financial aid, and borrow conservatively with the goal of keeping student loan payments below 10-15% of anticipated future income.
Avoid the Trap: How to Make it Through College Without Becoming a Financial P...Steve Miller, CFA
Learn What Your Expected Payoff From Earning a College Degree Will be
Information on the value and true cost of pursuing a college education can be difficult to find and interpret. Because no one is incentivized to provide it.
Using the quadrant approach students can identify their primary motivation for considering college and the factors to evaluate based on this motivation.
Most students end up needing to take some loans to make it through. It's important for students to understand the implications of this borrowing to ensure the consequences of borrowing are fully understood prior to taking on loans.
Checklists included to help with identifying and tracking all of the factors that should inform students decision on this important matter.
This presentation provides an overview of financial aid for Parsippany High School students. It defines financial aid as funds to help pay for postsecondary education. It discusses the cost of attendance, expected family contribution, and financial need calculation. It covers the types of aid including scholarships, grants, work-study, and loans. Significant details are provided on applying for federal financial aid through the FAFSA, including the information required, IRS data retrieval, and application process. State aid programs for New Jersey are also reviewed.
MEFA is a Massachusetts state authority that aims to make higher education more affordable through programs like financial aid counseling, college savings plans, and low-cost loans. The document provides an overview of different types of financial aid like need-based and merit-based aid, the application process including the FAFSA and CSS Profile, how aid amounts are determined based on the expected family contribution, and tips for students and families on paying for college costs.
This document discusses the benefits of obtaining a college education. It states that college graduates earn higher salaries and have lower unemployment rates than those with only a high school diploma. Additionally, college allows one to gain knowledge and skills to get a better job, support a family, and help pave the way for others in one's family to attend college. Financial aid options like grants, scholarships, loans, and work-study are available to help pay for college costs. Famous college graduates are listed to show that many successful people have degrees.
This document provides information about paying for college, including expected earnings based on education level, sources of financial aid, types of aid available, and how to apply. On average, a high school graduate earns $22,437 annually, while a college graduate with an associate's degree earns $30,356, and a bachelor's degree $45,776. More than 2/3 of new jobs require postsecondary education. Financial aid comes from federal and state governments as well as institutions and private sources. Types of aid include scholarships, grants, work-study, and loans. Grants like Pell and FSEOG provide up to $5,550 annually. Students can apply for financial aid by getting a FAF
This document discusses the importance of higher education and saving for college. It provides statistics showing that those with a bachelor's degree have lower unemployment and higher earnings. It also outlines the average costs of public and private colleges and discusses strategies for saving such as starting early, using automatic transfers, and involving family. The document promotes two savings options in Massachusetts: the U.Fund 529 college investing plan and U.Plan prepaid tuition program. It lists participating colleges and urges readers to start saving and learn more about college costs.
This document discusses defending the fiscal savings of school choice programs. It begins by introducing the founders of a school choice advocacy organization. It then addresses common arguments made against school choice saving money, such as rising overall K-12 spending disproving savings. It argues that savings can still occur even if spending increases elsewhere. It also discusses how school funding formulas can hide true savings. The document provides checklists for estimating the fiscal effects of school choice programs and calculating savings accurately based on average costs and the number of students utilizing vouchers. It emphasizes the need for cautious estimates and that underlying savings can exist despite other policy choices.
This document provides an overview of the benefits of obtaining a college education. It discusses how college graduates earn higher salaries and have better job opportunities and lower unemployment rates than those with only a high school diploma. It also outlines various sources of financial aid available to students and tips for applying for scholarships to help pay for the costs of college.
Registered Education Savings Plans (RESP's), got a nice boost. You're no longer limited to $4,000 in annual contributions; the maximum Canada Education Savings Grant annual amount that provides 20 cents for every dollar you put in an RESP has increased from $400 to $500; and the lifetime contribution has jumped from $42,000 to $50,000.
This document outlines several common ways for students to pay for college, including institutional and outside scholarships, savings, part-time employment, payment plans, and various types of federal aid such as Pell Grants, SEOG Grants, and student loans. It also describes Boise Bible College's student loan repayment assistance program called the BBC Pledge, which provides reimbursement for graduates making under $20,000 annually and proportional assistance up to $38,000.
Saving for college is so important. And an easy way to make sure you're saving regularly is to set up automatic deposits from your bank account into your 529 college savings account. It's easy to set up and will guarantee that you save each month. Follow the steps in this presentation to set up your own automatic college savings deposits.
To select a college loan, understand key terms like interest rates (fixed vs. variable) and annual percentage rate. Consider the repayment term and its impact on total cost. Minimize borrowing by utilizing savings, current income, and federal student loans first before taking out private education loans. Only borrow what is needed by assessing affordability and understanding how loans work. Get advice from trusted resources like MEFA and apply for loans immediately.
Need to borrow a loan to pay for college? Follow these tips to learn loan terminology, how to select the best loan, and what you should do to borrow wisely.
To register for the $eedMA 529 college savings plan, you will need information for both the parent account holder and student beneficiary. This includes names, social security numbers, dates of birth, addresses, and contact information. The registration process involves creating an account on the SeedMA website and then being redirected to Fidelity's website to open a U.Fund 529 account. Once registered, account holders can begin contributing savings and receiving statements, emails about college planning, and take advantage of the $eedMA financial literacy resources.
If you’re graduating this May, or looking to advance in your career, you may have graduate school in mind. A graduate degree can provide a valuable boost to your resume and give you a leg up as you search for jobs. But it’s important to take cost into mind before you decide to head back to school - make sure to find a program that’s compatible with your career goals and affordable. We know the price tag for graduate programs can be significant, so we’ve pulled together a summary of different options to help you pay for school. From fellowships to tax credits to federal grants, you’ll find something that can help reduce your out-of-pocket costs in our slideshow below.
Is the CSS/Financial Aid PROFILE on your mind? The PROFILE is a financial aid application required by over 400 colleges, universities, and scholarship programs, so if you have a child applying to college, there’s a good chance you’ll need to complete it. Like the FAFSA, the PROFILE asks questions about family income, assets, and household members. It requires more details than the FAFSA, and has its own registration process.
If you’re a parent or mentor to a high school senior, now’s the time to get serious about applying to college. From essays to campus visits to letters of recommendation, you and your student will need to stay organized and on schedule. We’ve put together a presentation below that covers the entire process. Read through to find out how to build the college list, the different application options, where to find free resources, and everything else you need to know.
If you’re beginning repayment on a student loan soon (or know someone who is), it’s important to understand the process and to stay on track. Keeping up to date with student loan payments is necessary to build a solid credit history and maintain strong financial health.
This document summarizes key factors to consider when comparing different student loan options. It discusses loan terminology like annual percentage rate and interest rates. It emphasizes utilizing federal loans first due to their lower fixed rates and flexible repayment options. It also recommends minimizing borrowing by using savings and income when possible. The document provides a comparison of MEFA and Direct PLUS Loans and encourages contacting MEFA for help assessing loan affordability and repayment plans.
Preparing for college with middle schoolersLisa Allard
This document provides information for middle school families on planning and preparing for college. It discusses the importance of education after high school, different college options and costs. Key points include: those with a bachelor's degree earn more and have lower unemployment; college options include 4-year, 2-year, vocational programs; the median earnings and tax payments are higher for those with more education. It provides strategies for academic preparation in middle school, exploring extracurriculars and colleges. Families can use tools like net price calculators, FAFSA, college search sites to understand affordability. The document reviews financial aid, grants, loans and savings vs borrowing. It highlights Massachusetts savings options like U.Fund 529 and U.Plan
The U.Plan Prepaid Tuition Program offers benefits unlike any other savings vehicle. By saving money in the U.Plan, you’ll be locking in today’s rates for college tuition and mandatory fees at every Massachusetts college and university in the U.Plan network. That means the rise in college tuition won’t affect you, and your savings will be used to pay for college at 2016 rates. And if your child doesn’t attend a U.Plan school, you’ll receive your full savings back, with interest calculated at CPI and no penalty, right when your child heads off to college. It’s a powerful and fail-proof savings opportunity.
This document provides information about college admissions and planning from the Massachusetts Educational Financing Authority (MEFA). It discusses trends in admissions, developing a college list, the application process including essays and recommendations, financial aid and affordability research, and resources for college planning. Students are encouraged to stay organized, visit campuses, utilize free online tools from MEFA and the College Board, and meet application deadlines in their college planning process.
If you have a student headed to college in the fall, you’ll need to start putting together a plan to pay the college bill. We’ve created a presentation below that walks through all of your options, as well as explaining your financial aid, the college waitlist, and the timeline of the next few months.
If you have a student headed to college in the fall, you’ll need to start putting together a plan to pay the college bill. We’ve created a presentation below that walks through all of your options, as well as explaining your financial aid, the college waitlist, and the timeline of the next few months.
This document provides an overview of the current college admissions process and tips for navigating it successfully. It discusses trends like an earlier timeline, more applications, and greater emphasis on demonstrated interest. It offers advice on developing a list of colleges matched to the student, assessing admission chances, conducting campus visits, completing applications, writing essays, getting recommendations, financial considerations, and staying on track through senior year. The goal is to help students organize the process and make informed choices about their postsecondary options.
The document provides step-by-step instructions for completing the Free Application for Federal Student Aid (FAFSA). It outlines the information needed to fill out the application, such as social security numbers, tax documents, and bank statements for both the student and parents. The document also reviews the application process, available resources for assistance, and what happens after the application is submitted.
Learn all of the nuts and bolts of the CSS/Financial Aid PROFILE, a financial aid application required by over 400 colleges and universities across the country.
Find a detailed overview of the entire college admissions process, including current trends in admissions, how to build a college list, the various components of the college application, and basics about financial aid.
This presentation includes basic of PCOS their pathology and treatment and also Ayurveda correlation of PCOS and Ayurvedic line of treatment mentioned in classics.
How to Setup Warehouse & Location in Odoo 17 InventoryCeline George
In this slide, we'll explore how to set up warehouses and locations in Odoo 17 Inventory. This will help us manage our stock effectively, track inventory levels, and streamline warehouse operations.
বাংলাদেশের অর্থনৈতিক সমীক্ষা ২০২৪ [Bangladesh Economic Review 2024 Bangla.pdf] কম্পিউটার , ট্যাব ও স্মার্ট ফোন ভার্সন সহ সম্পূর্ণ বাংলা ই-বুক বা pdf বই " সুচিপত্র ...বুকমার্ক মেনু 🔖 ও হাইপার লিংক মেনু 📝👆 যুক্ত ..
আমাদের সবার জন্য খুব খুব গুরুত্বপূর্ণ একটি বই ..বিসিএস, ব্যাংক, ইউনিভার্সিটি ভর্তি ও যে কোন প্রতিযোগিতা মূলক পরীক্ষার জন্য এর খুব ইম্পরট্যান্ট একটি বিষয় ...তাছাড়া বাংলাদেশের সাম্প্রতিক যে কোন ডাটা বা তথ্য এই বইতে পাবেন ...
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Odoo provides an option for creating a module by using a single line command. By using this command the user can make a whole structure of a module. It is very easy for a beginner to make a module. There is no need to make each file manually. This slide will show how to create a module using the scaffold method.
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Discover the Simplified Electron and Muon Model: A New Wave-Based Approach to Understanding Particles delves into a groundbreaking theory that presents electrons and muons as rotating soliton waves within oscillating spacetime. Geared towards students, researchers, and science buffs, this book breaks down complex ideas into simple explanations. It covers topics such as electron waves, temporal dynamics, and the implications of this model on particle physics. With clear illustrations and easy-to-follow explanations, readers will gain a new outlook on the universe's fundamental nature.
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A review of the growth of the Israel Genealogy Research Association Database Collection for the last 12 months. Our collection is now passed the 3 million mark and still growing. See which archives have contributed the most. See the different types of records we have, and which years have had records added. You can also see what we have for the future.
Strategies for Effective Upskilling is a presentation by Chinwendu Peace in a Your Skill Boost Masterclass organisation by the Excellence Foundation for South Sudan on 08th and 09th June 2024 from 1 PM to 3 PM on each day.
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
Make College a Reality
1. Your Massachusetts Educational Financing Authority. The one Authority
you can trust to be on your side when it comes to paying for college.
Make College a Reality
2. Colleges have a range of costs
SOURCE: The College Board, Trends in College Pricing 2014
Average Estimated Full-Time Cost for Different College Types in 2014-15
3. There are many sources of Undergraduate Student
Aid. In 2013-14, over $184 billion was distributed
to students in many different forms:
SOURCE: The College Board, Trends in Student Aid 2014
3 Types of
Financial Aid:
1. Grants &
scholarships
2. Loans
3. Work-study
4. Paying for College – The Basics
4
• Parents and students have the primary responsibility for financing
college costs
• A family’s ability to pay is evaluated on one standard financial aid
formula:
Cost of Attendance (COA)
_ Expected Family Contribution (EFC)
= Financial Aid Eligibility/Financial Need
5. The Financial Aid Formula
5
Cost of Attendance (COA) is the total cost of attending college,
including living expenses.
-
Cost of Attendance (COA)
Expected Family Contribution (EFC)
Financial Aid Eligibility/Financial Need=
6. The EFC is the calculated amount of what your family has the ability
to pay over time for one year of college costs.
The EFC estimates how much you can contribute, but makes no
particular assumptions about how you will finance that contribution.
The EFC is not necessarily what your family WILL pay for college costs.
Cost of Attendance (COA)
Expected Family Contribution (EFC)
= Financial Aid Eligibility/Financial Need
The Financial Aid Formula
6
-
Visit mefa.org to learn more about the financial aid
process.
7. Your EFC will be based on:
1. An analysis of your annual adjusted gross income, which counts for about 22% - 47% in the EFC
formula
2. Your assets, which colleges define as savings and investments including 529 plans and other real
estate.
a. Your assets figure at about 3% - 5.6% of the EFC. Note that a much higher percentage of your income,
rather than your assets, will be considered available to pay for college. Also consider that a 529 plan
account is considered to be an asset of the owner (usually the parent) and not the student.
3. 50% of the student’s earned income over $6,400 is included in the EFC
4. 20% of the student’s assets is included in the EFC.
Cost of Attendance (COA)
Expected Family Contribution (EFC)
= Financial Aid Eligibility/Financial Need
The Financial Aid Formula
7
-
8. 8
$$ $ $+ + + = $
EFCParental assetsParental income
0% to 47% of
adjusted gross
income minus
all taxes and
allowances
Student income
50% over
$6,400
Student assets
20% of all
assets
3% to 5.6% of
nonretirement
assets
• 529 College
Savings Plans
• Brokerage and/or
mutual funds
• Savings and
checking accounts
• Prepaid Tuition
Programs
• UGMA/UTMA
accounts
• Other savings
Your EFC:
9. The Financial Aid Formula
9
Financial Need is the difference between the cost of the school and your EFC.
The more need, the more eligibility for aid. Less need means less financial aid
eligibility.
Cost of Attendance (COA)
Expected Family Contribution (EFC)
Financial Need/Financial Aid Eligibility
-
Visit mefa.org to learn more about the financial aid
process.
10. Net Price Calculators provide a personal net price at each college
(Learn more about Net Price here)
College Navigator (Department of Education): College search tool
with college-specific admissions, academic, & cost information
CollegeNavigator.gov
College Scorecard (White House)
College search tool that shares a college’s average net price, loan default
rates, and median loan debt
CollegeCost.ed.gov/Scorecard
FREE resources available to families
11. “Saving for college means
no financial aid.”
Prevailing myths about saving for college…
12. A family’s college savings account only
minimally impacts the student’s
eligibility for financial aid.
We want families to know the truth:
13. Three different families, with different asset totals
Concerned that savings will impact financial aid?
This example is an estimate only. Based on 2016-17 Federal Methodology (one child in college).
Assets have minimal impact on the EFC, as it is primarily an income-driven formula
Having saved for college or having other assets that you can use to help pay for college is
a good thing. It gives you options for paying the balance due.
Family A Family B Family C
Combined
Parent Income
$75,000 $75,000 $75,000
Combined
Parent Assets
$0 $75,000 $150,000
EFC $7,819 $10,208 $14,438
Difference $2,389 $6,619
14. “It’s not worth saving for
college if I can’t save
the entire cost.”
Prevailing myths about saving for college…
15. We want families to know the truth:
Any amount saved, small or large, will
be a help when the time comes to pay
the college bill.
15
16. 16
Families decide the best plan to
meet the college balance due
based on their own personal
finances.
In this example, the cost to finance a
$10,000 college cost using savings
only required a $6,960 investment.
The cost to finance the $10,000 cost
with borrowing (college loans)
ultimately cost $13,920.
*Based on 10 years at an interest rate of 7%.
This example is an estimate only and market
conditions may change.
Saving vs. Borrowing
17. “Times are tough. I can’t
save at all.”
Prevailing myths about saving for college…
18. Watch this short video to learn how real
families are managing to put a small
amount aside for college
18
We want families to know the truth:
19. 19
Strategies for Saving
• Start saving as early as
possible. Use time to your
advantage
• Use automatic transfers
• Get the word out and let
your family and friends
know that they may
contribute or open a
plan up on behalf of your
child
• Involve your child in the
process. There are great
savings tools for kids
online
Time in months
21. 21
MEFA 529 U.Fund College Investing Plan
How it works:
• Save for qualified higher education expenses such as
tuition, fees, room, board, books, supplies, and equipment
• Savings can be used at any accredited college or university nationwide
• Minimum Initial Investment - $50 lump sum or $15/ monthly automatic
investments
• Combined Account Maximum - $375,000
• No Annual Account Maintenance Fee
• Multiple investment options (active management; indexed portfolio; individual
allocation portfolios)
• FDIC-insured option
Enroll online at fidelity.com/ufund or by calling 800.544.2776
Established in 1999
22. How it works:
• Allows you to prepay up to 100% of tuition & fees at
80 MA public and private colleges & universities
• By purchasing Tuition Certificates now, you lock in today’s
tuition and mandatory fee rates
• U.Plan Tuition Certificates:
• Represent interest in Commonwealth General Obligation Bonds
• Are backed by the full faith and credit of the Commonwealth of Massachusetts
• Are not subject to market fluctuation
• Require $300 minimum to get started
• Annual enrollment period: May 1st to June 30th each year
More information can be found at mefa.org/uplan
The U.Plan Prepaid Tuition Program