1 / 23

Successful Solutions, LLC

Successful Solutions, LLC. 7851 University Avenue, Suite 103 La Mesa, CA 91941 (619) 460-9433 www.successfulsolutions.com info@successfulsolutions.com. Your Presenter: Christian K. Clark, RFC, LUTCF. Successful Solutions, LLC.

otis
Download Presentation

Successful Solutions, LLC

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Successful Solutions, LLC 7851 University Avenue, Suite 103 La Mesa, CA 91941 (619) 460-9433 www.successfulsolutions.com info@successfulsolutions.com Your Presenter: Christian K. Clark, RFC, LUTCF

  2. Successful Solutions, LLC • Affiliated with 123college.com, Inc., your source for college financial planning information, education and training. Since 1994, we have developed financial aid analysis software annually, to ensure accuracy and fullcompliance with the U.S. Department of Education’s complicated financial aid formulas.

  3. It’s not just Tuition - Books, Room and Board, Living Expenses, etc. 4 years can easily cost $60,000 to $200,000...or more! Multiply by the Number of Kids! Keeps going up Every Year! It's Expensive No Matter Where Your Children Go! • Average Cost of a Private College/University is Approximately $35,000 per Year. • Average Cost of a Public College/University is Approximately $15,000 per Year. • Costs have Historically Risen at Three Times the Rate of Inflation. College Board 2004-2005

  4. Actual College Costs Including Tuition, Fees and Room and Board only, for the 2006-2007 school yr. SCHOOL COST

  5. Education Expense Estimate College Choice: (Notre Dame) Years to Attend 2007-2011 1st Year College Costs: $44,623.00 (Tuition Room & Board, Fees) Wardrobe, Transportation, Books, Insurance, Medical, Personal, Etc. $ 5,000.00 1st Year Total $49,623.00 Total Cost of 4 year Education $220,323.00 (add 7% annual cost increases) State Schools increased an average of 8% for 2006-2007 and Private Schools 5.9%. Up 35% in the past 5 years, according to USA TODAY 10/24/2006

  6. The Fact Vs. The Fiction:Who Is Eligible For Financial Aid? The Facts 1. Middle & Upper Middle Income Class Kids can Qualify. 2. Need Based Aid Based on Income, Assets, Number of Kids , etc. 3. There are Millions of Dollars of Aid for Kids with Academic, Artistic & Athletic Talent. 4. FAFSA form doesn’t ask for Home Equity, but the Profile form does. 5. Colleges are Businesses & are Concerned about theirown Enrollment & Finances 6. Many Believe it’s not Simple, Easy or Fair. The Fiction 1. My Income is too High. 2. My Child did not Win a National Merit Scholarship. 3. If My Child does not Qualify for Need Based Aid, There’s no Hope. 4. I Own a Nice Home. 5. School People can Help. 6. It’s a Simple, Easy and Fair Process.

  7. How Do They Determine If I'm Eligible? COA – EFC = Financial Need COA Stands for Cost of Attendance. (Includes Tuition, Books, Room/Board, Incidentals & “Ask-identals”) EFC Stands for Estimated Family Contribution (Basedon Parents’ and Student's Income, Assets, Ages, Number of People in School.). Financial Need is how much Aid your Family is Eligible to Receive. OUR GOAL: TO SHOW YOU HOW TO OBTAIN THE MAXIMUM AID PACKAGE ALLOWABLE

  8. How To Get More Need-Based Aid For College! It is a Two Step Process. 1) Lower Your EFC We Can Help You Re-Arrange Your Affairs To Get More Money By Learning The Legally Established Rules! 2) Find the Schools Which Will Provide You with the Most FREE Money. We Will Conduct a Customized College Search. 123College’s Database is the Most Advanced and Comprehensive in the Industry.

  9. Step 1: Example Of A Family That Took Control! Family Before: Adj. Gross Income: $75,000 Non-Qual. Investments*: $0 Bank/ Mutual Fund: $100,000 Custodial Account: $20,000 Number in Family: 4 Number in School: 1 EFC = $20,467 Family After: Adj. Gross Income: $75,000 Non-Qual Investments*: $70,400 Bank/Mutual Fund: $49,600 Custodial Account: $0 Number in Family: 4 Number in School: 1 EFC = $10,646 • Family Qualifies for up to $9,821 more in Financial Aid per Year, or almost $40,000 over a 4 Year Span because They took the Time to Understand the Process, Learned what They had to do ...and TOOK ACTION! • *Non-Qualified Investments are not counted in the DOE formula for EFC calculation. See FAFSA

  10. Step 2: It’s All Packaging! Florida State University: Cost - $10,000 EFC - $5,000 Need - $5,000 School B: Meets only 60% of need = $3,000 ($2,000 short!) Emory University: Cost - $40,000 EFC - $5,000 Need - $35,000 School A: Meets 100% of need. What You Actually Pay at Each School: School B: Total Cost - $10,000 School Provides $3,000 EFC - $5,000 + Unmet Need $2,000 = Cost to Parents = $7,000 School A: Total Cost - $40,000 School Provides $35,000 Cost to Parents = $5,000

  11. Types Of Aid • GRANTS • SCHOLARSHIPS • Loans • Work/Study Sources Of Aid • ENDOWMENT FUNDS • Government • Outside Sources

  12. How Much Aid Is Available? College Board 2005-2006

  13. Customized Student Profile ReportA. Financial Needs Analysis: Survey Family Assets; Review Repositioning Strategies; Indicate the Expected Family Contribution (EFC) in Your Current Situation and Show You how low it could be if Your Assets are Moved into Investments not Counted in the Financial Aid Formula. B. College Aid and Enrollment Information: Everything a Family needs to Know about the Schools Their Student might want to Attend including: Admission Criteria, AP / CLEP Course Acceptance, Contact Information, and the Financial Aid that may be Offered to you from each Individual School. 60 to 80 Pages Loaded with Information about the Colleges and Universities of Your Choice and Also Ones We Feel Meet Your Student’s Criteria!

  14. How Do You Apply For Aid? 1. The FAFSA Form MUST be Filed to Receive Any Federal Aid, Even to Get Low Interest Gov’t Loans. 2. The CSS (College Scholarship Services) Profile Form is Required by most Prestigious Programs. 3. School’s May Have Their Own Institutional Forms. 4. More Forms Required for Certain Families: • Business/Farm Supplement. • Divorced/Separated Agreement.

  15. FAFSA Filing Service:We Will File Your FAFSA Form FREE for All of Your Students Undergraduate Years. This Ensures Prompt and Accurate Filing to get You the most Aid. The Early Bird Gets the Worm! Ex: Page of an Answer Sheet Created in the Customized Student Profile Report

  16. We Help You Negotiate For The Best Possible Package • Some Schools Mis-Award. • Some Schools Under-Award. • Some Schools Will Compete with Other Schools. What We Do For You:The Three Step Process 1) We Figure out what Your EFC is for Each School and Determine how much Aid They Normally Provide Someone In Your Situation. 2) We Analyze Your Financial Aid Packages And Distinguish True Forms of Financial Aid from Creatively Named Bank Loans. FINANCIAL AID PACKAGES ARE UNREGULATED! 3) We Write Letters to the Schools Requesting the Additional Aid You are Entitled to, Down to the Penny. IF YOU DO NOT KNOW EXACTLY WHAT YOUR EXPECTED TO PAY, AND KNOW HOW TO READ THE AID PACKAGE (OFFER), HOW CAN YOU NEGOTIATE?

  17. Choose Your Board Test Study Guide:We Provide Your Student with Kaplan’s Premier Edition SAT OR ACT Book with Practice Test CD-Rom OR

  18. College and Career Planning Assessment Tool • Gives Your Student an Edge to Ensure He/She Graduates College in 4 Years or Less. • Assists Your Student in Choosing a Major or Field of Study. • Professional Resume Builder to Help Your Student get the best Job after College. • Job Search and Salary Calculator

  19. Our Promise To You! 1. Analyze your ability to qualify for college funding and to what extent by computing your Expected Family Contribution. 2. Develop “college planning” concepts that may lower your out-of-pocket costs by increasing your eligibility for funding. 3. Assume annual responsibility for the completion of the complicated FAFSA form (and, for an additional fee plus charges assessed by CSS, we will complete the Institutional Profile form if required by any college being applied to, as well as the required Profile Registration) and, at no additional cost, complete such other forms as may be required by individual colleges. 4. Provide a “college search” that evaluates colleges you have specified and pinpoints others that offer the curriculum that fits your child’s career goal and a variety of other specified criteria, also identifying those schools that historically have offered a combination of high monetary awards and strong educational values. (continued)

  20. Our Promise To You! (Continued) 5. Help you negotiate with colleges that offer you unexpectedly low funding. We obtain information from you to maximize the awards, evaluate the awards, and contact Financial Aid Officers on your behalf to improve those awards when desirable or necessary, in our judgment, while tracking progress. 6. Provide you with SAT/ACT practice study guide along with software produced by the Kaplan Learning Centers and guaranteed to improve test scores. 7. Review with you the “Student Aid Report” you’ll receive from the government for accuracy and help you make any necessary corrections of errors that might otherwise impede funding. 8. Help you complete all Stafford and Plus loan applications if these are awarded to you as part of the college funding package. 9. Provide you with a toll-free customer service number to call with any questions or any problems you may wish to discuss. 10. Provide access to a computer driven, comprehensive college and career planning system.

  21. How Much Does All This Cost? Retail Price: $1495 *Seminar Special: $995 *In order to receive the Seminar Special pricing, we require that a family member fill out the seminar evaluation form in its entirety. Then, set up an appointment to meet with us in the next SEVEN days. The form must be turned into the seminar presenter or one of his/her associates before you leave tonight.

  22. What's Next? 1. Please Complete the Seminar Evaluation Form. 2. Turn in the Seminar Evaluation Form and Set Up an Appointment Date Today. Time is Limited! We are Here to Help You !!!

More Related