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.

1. College Funding Essentials
Welcome to
Providing Strategies to Help
Families Save on the Cost of a
College Education

2. Andrew Odoardi, M.A.

3. By the end of this presentation, you will
learn how to:
• increase eligibility for financial aid
• Get a suitable financial aid package
from a college that best suits your
child’s needs and goals.

4. In addition, you will have the option
to receive more helpful services
during your individual family
appointment.

5. I CAN HELP YOU….
• Understand the process for obtaining financial aid
• Consider strategies that make paying for college
more tax efficient
• Save and invest in college with suitable strategies.
• Learn how to increase financial aid.
• Find schools for your student that are suitable.
• Understand the impact your student’s college
costs can have on your retirement
• Help you prepare for all your financial goals

6. • College tuition costs have increased more
quickly than any other household expense
in recent decades.
• The average student graduates from
college with significant debt.
Helping families save on the cost
of college education!
JP Morgan. (2018-19). College Planning Essentials: A Comprehensive Guide to Saving and Investing.
[Brochure}, p.6
Also online at: https://am.jpmorgan.com/content/dam/jpm-am-
aem/americas/us/en/literature/brochure/529-cpe.pdf

7. It’s Expensive No Matter Where
Your Students Go!
• US News reports that the average cost
of
• tuition and fees to attend a ranked
college
• is $38,185.00 for a private school,
• $22,698.00 for public out of state, and
• $ 10, 338.00 for public in-state.
Powell,F.&Kerr,E,.&Wood, S. (Sept 13,2021) See the Average College Tuition in 2021-22. US News-
Education. Retrieved from: http://www.usnews.com/education/best-college/paying-for-
college/articles/paying-for-college-infographic

8. It’s Expensive No Matter Where
Your Students Go!
Tuition
Books
Room and
Board
Living
Expenses
IT ALL ADDS UP!
Multiply the costs by the number of students in
your family and it will equal one of a families
largest expenses!

9. Actual College Costs
Including Tuition, Fees, Room and Board for the 2020-2021 School Year
Brigham Young University $20,156.00 (LDS)
$26,276 (NON LDS)
University of Utah $27,914.00
Utah State University $16,974.00
Weber State University $16,392.00
Southern Utah University $16,026.00
https://www.collegetuitioncompare.com/compare/tables/?state=UT
College Tuition Compare.com. Retrieved on 24 Sept. 2021

10. Education Expense Estimate
Using the University of Utah:2021-22
1st Year Tuition and fees: $9,292.00
Room & Board, $13,914.00
Indirect costs, books and supplies
$4,708.00
1st Year Total: $27,914.00
Total Cost of 4 Year Education $111,656.00
2021-2022 Typical Undergraduate Online Budgets,.University of Utah Office of Scholarships and Financial
Aid, viewed 23 Sept. 2021, http://financialaid.utah.edu/tuition-and-fees/cost-of.attendance.php

11. COA – EFC = Remaining Need
THE TERMS USED TO UNDERSTAND
THE STRATEGY
• COA Stands for Cost of Attendance.
• EFC Stands for Expected Family
Contribution (The minimum amount you’re
expected to pay annually)
• Remaining Need is the maximum
amount of aid your family is eligible to
receive.

12. How To Get More Need-Based Aid
For College!
It is a Two Step Process…
1. Lower your EFC
You can re-arrange or reposition certain assets
and potentially get more financial aid.
2. Find the schools that will provide
you the maximum amount of FREE
money.

13. THE TWO STEPS:
One: You can reduce your EFC by
repositioning your assessible assets.
Two: You can reduce your college cost
by knowing which schools offer the
most to cover the remaining amount.

14. Family Before:
Adj. Gross Income: $85,000
Non-Assessed
Investments*: $0
Assessed Investments:
$150,000
Number in Family: 4
Number in School: 1
EFC = $18,000
Family After:
Adj. Gross Income: $85,000
Non-Assessed
Investments*: $137,500
Assessed Investments:
$12,500
Number in Family: 4
Number in School: 1
EFC = $10,000
Family qualifies for up to $8,000 more in Financial Aid per year, or $32,000 over a 4-
year span because they took the time to understand the process, learned what they
had to do... and TOOK ACTION!
*Non-Assessed Investments are not counted in the DOE formula for EFC calculation. (See FAFSA.)
Past performance is not indicative of future results. There are always political risks concerning future Federal and State
legislation regarding financial aid for college bound students
Step One
Example of a family lowering their EFC
(hypothetical)

15. Investments that are not
Assessed in the Department
Of Education (DOE) Formula*
• The home you live in
• The value of your life insurance
• Your retirement strategies (401k
plans, pension funds, annuities,
non-education IRA’s, Keogh
plans, etc.)
*Located on Page 9 of the FAFSA: July 1, 2017-Jun 30,
2018

16. Harvard College
Cost - $ 69,607
EFC - $ 10,000
Need - $ 59,607
Harvard College
Meets 100% of need
San Jose State Uni
Cost - $24,238
EFC - $10,000
Need - $14,238
San Jose State Uni:
Meets only 81% of need = $11,533
($2,705 short!)
Harvard College
Total Cost - $69,607
School Provides - $59,607
Cost to Parents = $10,000
San Jose State Uni
Total Cost - $24,223
School Provides - $11,533
EFC $10,000 + $2,705 of Unmet
Need Cost to Parents = $12,705
Step Two: It’s All in the Packaging!
Federal and state aid is subject to change by the
state or federal government
ACTUAL COSTS (Hypothetical for 2020)

17. University of Southern CA
Cost - $ 74,111
EFC - $ 10,000
Need - $ 64,111
University of Southern CA
Meets 100% of need
Brigham Young Uni
Cost - $20156
EFC - $10,000
Need - $10,156
Brigham Young Uni:
Meets only 30% of need = $3,046
($7,110 short!)
University of Southern CA
Total Cost - $74,111
School Provides - $64,111
Cost to Parents = $10,000
Brigham Young Uni
Total Cost - $20,156
School Provides - $3,046
EFC $10,000 + $7110 of
Unmet Need
Cost to Parents = $17,110
Step Two: It’s All
Packaging!
There are always political risks concerning future Federal
and State legislation regarding financial aid for college
ACTUAL COSTS (Hypothetical for 2020)

18. YOU NEED TO:
• Know the cost of the colleges/universities
you are interested in
• Know the sources of financial aid and
scholarships
• Know how to apply for and receive financial
aid
• Know how to determine and reduce your EFC
• Know which colleges/universities provide the
most money to cover the remaining need
• MAKE YOUR CHOICE based on RELIABLE
information!

19. Types Of
Aid
• GRANTS
• SCHOLARSHIPS
• Loans
• Work/Study
Sources Of
Aid
• ENDOWMENT FUNDS
• Government
• Outside Sources
What is Financial Aid?
Where Does it Come From?

20. Institutional Grants ($22.8)
Private and Employer Grants
($7.5)
Federal Grant Programs other
than Pell ($3.5)
Pell Grants($14.4)
Federal Work Study ($1.0)
How Much Aid Is Available?
Undergraduate
Student Aid by
Source (in Billions)
2017-2018
College Board 2018-2019

21. How Do You Apply For Aid?
1.) Fill out the FAFSA (Free Application for Federal
Student Aid) form. The FAFSA Form MUST be filed out
to receive any Federal Aid, including low Interest Gov’t
Loans.
2.) Fill out the CSS (College Scholarship Services) if
required.
3.) Check to see if the school has their own institutional
form and fill that out.
4.) Fill out any additional forms that might be required
for certain families. The following are examples of
additional forms.
Business/Farm Supplement
Divorced/Separated Agreement

22. Financial Aid Eligibility
You must meet certain criteria to receive
financial aid
To receive federal student aid, you must meet all of
these academic requirements:
• Be a U.S. citizen or U.S. National
• Have a high school diploma or General Education
Development certificate (GED).
• Or, complete high school in a homeschool setting
approved by state law.
• Be enrolled or accepted for enrollment as a student
in an eligible degree or certificate program.
• Maintain satisfactory academic progress once
enrolled.

23. Who Is Eligible For Financial Aid?
COMMON MISCONCEPTIONS
“My Income is too High.”
“My child did not win a National
Merit scholarship.”
“If my child does not qualify for
need based aid, there is
no hope.”
“It’s a simple, easy and fair
Process.”

24. The Truth Is…
1.Middle & Upper Middle Income Class students can qualify.
2.Needs-based-aid depends on income, assets, number of
children, etc.
3.There are millions of dollars of aid for students with academic,
artistic & athletic talent.
4.Home equity is not assessed in the FAFSA Form.
5.Colleges, like businesses share a concern about revenue.
6.Applying for college aid is complex and there are strict
deadlines that must be met.
Who Is Eligible For Financial Aid?

25. Passive approach “Hope” for best
deal
Crippling Debt
Active approach Informed
College
Consumer
Maximum
Financal Aid

27. I can refer you to a college consulting
firm that can provide additional services
at a cost. These include:
• Updating and filing the FAFSA for your
student for each of the four years
• Helping your student write his/her
college essay
• Assessing your financial aid package.
• Appealing the package if it is deemed
to be too low

28. If you are interested in learning
more, we can set a one on one
zoom or in person meeting that
will address your individual
circumstances and present you
with the opportunity to take
advantage of our services.

29. Thank you for watching
this presentation.
I am here
to help you!!!
Set up a FREE appointment
today
email me at:
aodoardi@ofadv.com
or give me a call at 801-520-6816

30. Registered Representative of and securities offered through OneAmerica Securities
Inc., a Registered Investment Advisor, Member FINRA, SIPC. Provided content is for
overview and informational purposes only and is not intended and should not be
relied upon as individualized tax, legal, fiduciary, or investment advice. Past
performance is not a guarantee of future results. Investing involves risk, which
includes potential loss of principal. All numeric examples and any individuals shown
are hypothetical and were used for explanatory purposes only. Actual results may
vary. For answers to specific questions, please consult a qualified attorney, tax
advisor, or financial professional. These concepts were derived under current laws
and regulations. Changes in the law or regulations may affect the information
provided.