Presents

A College Expense

Reduction Program

FreedomFinancial-AZ.com

&

HEY MOM & DAD……I WANT TO GO TO COLLEGE…..HOW WILL

WE BE ABLE TO PAY FOR COLLEGE?

PROBLEM 1A high percentage of parents lack the knowledge of College funding practices, financial aid resources, and how and where to receive it.

PROBLEM 3Typically because of problems 1 and 2, most parents take a 2nd mortgage on their home or they raid their retirement accounts to fund college educations.

PROBLEM 2Most parents have saved very little in thinking about College funding until their student either is a senior in high school or has graduated.

THE FACTS

• Today 4 FULL YEARS at a public university costs about $80,000. and a private university is about $240,000.

• Statistics show that in 15 years the ANNUAL cost of a public university will be $160,000, and a private university almost $500,000.

• Today college students graduate in an average of 5.6 years which adds further expense to the family budget.

RISING COLLEGE COSTS

Source: IFAP 2005-2006

THE MISCONCEPTIONS• Ivy League Colleges & Private colleges are for the rich.

• To be successful my child must attend the high-end Ivy

League or Private schools. • Because I am an alumnus of my child’s first choice

school, he/she will automatically be accepted. • Financial aid is ONLY offered to the poor. • There’s no point in applying again if my child gets

turned down again for need-based financial aid. • Affirmative action is a thing of the past and does not

apply today in assisting in financing a college education

• If Federal student loans are eliminated or reduced in Congress my student will have a harder time borrowing.

• Because, we as parents, failed to save money for college, it’s too late to send my child to college.

THERE ARE SOLUTIONS• TAKE ACTION AND BECOME AN INFORMED BUYER.• TAKE ADVANTAGE OF ALL AID THAT IS AVAILABLE AND

THAT YOU ARE LEGALLY ENTITLED TO RECEIVE.• THE PROPER PREPARATION FOR YOUR STUDENT WILL

LEAD TO GRADUATION IN THE SHORTEST TIME FRAME POSSIBLE.

• EMPLOY THE HELP OF A PROFESSIONAL RESOURCE TO:

(1)SAVE YOU TIME & MONEY

(2)PREPARE YOUR STUDENT BEFORE THE START

(3)IMPROVE THE CHANCES OF ACCEPTANCE

(4)PROVIDE ADVANCED CAREER PLANNING KNOWLEDGE

WHAT IS A COLLEGE FINANCIAL AID PLANNER?

A financial aid planner works for you. He or she has no vested interest in any particular school, governmental agency or lending institution. The planner is employed to help the family receive the best possible aid package possible and has only one vested interest -- the client. The end result can be hundreds or thousands of dollars in increased eligibility. This is accomplished by having a thorough understanding of the financial aid process.

This is analogous to tax-accountants suggesting tax reduction strategies to their clients. These practices are neither unethical or immoral, they are informed. Knowledge is power. With the college costs families are faced with today, you need all the help you can get.

Excerpt from College Financial Aid – How to get your fair share, by Peter V. Laurenzo, CFP

HERE IS WHAT WE CAN DO FOR YOU ...

• Educate you about a College as a business entity. • Improve your understanding of financial aid.• Analyze your family finances and your ability to

receive the maximum financial assistance before filing FAFSA forms with the US Department Of Education(DOE).

• Pursue various strategies & resources to increase financial assistance.

• We will assist you in completing and filing the FAFSA form to the DOE.

WE ALSO WILL HELP .....

• Provide guidance in selecting colleges that offer the best education, and access to financial assistance.

• In preparation of applications for financial assistance.• To review & insure the accuracy of all financial aid

documents and entitlements. • Provide guidance and assistance in negotiating Award

Letters for the most fair & beneficial financial assistance to your family.

YOUR PART IS SIMPLE...

• Give us your hand so we can help you through the process.

• Sit down with us and give us answers to simple questions about your family and the student.

• We in turn will provide you the information you need to make the right decisions for your student and the ability to fit the cost of this education into your family budget.

How Much Aid Can I Get ?

OUR GOAL:IS TO HELP FAMILIES OBTAIN THE MAXIMUM AID POSSIBLE THAT IS ALLOWABLE UNDER LAW

COA is Cost of Attendance

EFC is Expected Family Contribution

(EFC is the minimum out-of-pocket yearly amount that a family is expected to pay by the DOE.)

Remaining Need is The maximum amount of aid

you are eligible to receive. By decreasing your

EFC, you increase your need-based aid eligibility.

COA – EFC = Remaining Need

Getting More Financial Aid For College!

Is A Two Step Process:

1. Lower EFC before filing FAFSA (A unique and special free service from FF-AZ.com)

2. Finding competitive schools who

provide the most FREE money (Is a resource that is provided by FF-AZ.com)

Note: THESE 2 STEPS WILL PROVIDE THE MAXIMUM SAVINGS TO FAMILIES IN SENDING THEIR STUDENTS OFF TO COLLEGE

Step 1: Lower EFC Example Family Situation

After:Adjusted Gross Income: $75,000Lower Countable Investments: $49,600Change the difference to not countable Investments (*) $70,400

Number in Family: 4Number in School: 1 EFC = $10,646

Family now qualifies for an out-of-pocket savings of up to $9,821 per year. Note: In round numbers that’s close to $40,000 over a 4 year period

(*) Not countable Investments are personal taxable investments that can either be converted to a tax deferred status or be reclassified from personal to non-personal status. These kinds of reclassified investments will not be counted in the DOE formula for EFC calculation. See FAFSA

Learning What to do & Taking the right Action

Before:Adjusted Gross Income: $75,000Countable Investments: $120,000 Not countable Investments (*) $000,000

Number in Family: 4Number in School: 1 EFC = $20,467

HERE’S SOME GOOD NEWS...

A better education at a prestigious, expensive, private college for your student may be possible at a yearly comparable cost of a state school and in some cases , even less.

Cost Comparison - Ivy League vs. State

An Ivy League University:Total Cost - $52,341 per year EFC is $10,000 Remaining Need = $42,341School Offers: 100% remaining need

A State School in The USATotal Cost - $17,839 per year EFC is $10,000 Remaining Need = $7,839 School Offers: 66% of remaining need or $5,174 Family yearly expense = $10,000 + $2,665 or

$12,665/year

Step 2: Search Schools For Remaining Need

Family yearly Expense

$10,000/year

Which school would you like to send your student to ?

And So….What's Next?Give Professor Donald Kelley a call ….……. He’s Here to Help !!! professor@freedomfinancial-az.com

Remember …Timing will be an important issue !!! Doing the right things in the right time frame will save money in the family budget !!!

Note: To exit this presentation, click your ESC tab