Frequently Asked Questions

We make too much money and won’t qualify for financial aid. What type of planning can you do for us?

Most of the families we assist qualify for little to no “need-based” financial aid. We help these families by creating a plan that involves a combination of academic student positioning along with financial and tax planning strategies. Many six figure income clients are surprised to learn that after strategic planning, they too can qualify for financial aid.

What do you charge for your services?

There is no charge for the seminar or the initial consultation. Please bring your completed data form received at the seminar. All consultations will be held in the strictest of confidence. At this meeting, we will be interviewing you, as well as you interviewing us. We want to make sure we are a good fit before a need for our services and relationship is established. Our fee is nominal compared to the money you will save!

Do you help find grants and scholarships for our child?

Yes, we do help your student find grants and scholarships. First you should know there are three types of grants or scholarships; those awarded by the federal and state government (which are mostly need-based), those offered by the colleges and universities, and private scholarships that are offered by clubs, foundations, corporations, etc. We attempt to help a student qualify for as many as possible. This involves employing a combination of academic and financial aid strategies. (However, we are NOT a “scholarship search” company.)

Why should we consider working with a College Planner?

Working with a college planning specialist can make you aware of planning tips and strategies most people don’t even know exist. Utilizing a combination of these little-known strategies can tremendously benefit your family and your pocket-book. The services we provide are set up to relieve you from the stress and anxiety that is typically associated with the thought of paying for college. It is extremely valuable to have an advisor working on your behalf throughout this process.

College is the second highest expenditure for many families, next to the purchase of their home. Have you ever purchased real estate without seeking the advice of a professional? Paying for college shouldn’t be any different. There is crucial information you need to know about the college funding process before you begin. As college planning specialists, our objective is to show you how to pay for college, and potentially make it a financial "non-event" for your family.

Contact us if you have questions or would like to set up a free consultation.

Is it true that colleges will negotiate or discount tuition. Are parents experiencing success in this area?

Colleges will deny that they "negotiate" with parents, but the fact is, if the school wants the child, they may adjust their initial aid offer during the "Appeals Process." Your odds are improved if the school really wants the student because of a special skill, talent or scholastic achievement.
Often times there are "Special Circumstances" that the family is experiencing that should be presented directly to the financial aid director or officer at the college. In effect, you are asking the college to use "Professional Judgment" based on the information to reconsider their initial offer. “Special Circumstances” may be another reason for the Financial Aid Award to be "negotiated" through the appeals process. How he or she views your specific situation, and what action is taken, is at the discretion of the individual financial aid director.

I already work with a financial advisor (or CPA.) Can my advisor do this type of planning for me?

Typically, the answer is, “No.” Most financial advisors, or CPAs, are not trained and are unfamiliar with the late stage college funding niche. This is considered a specialty that they do not usually handle. We receive regular referrals from financial advisors and CPAs who appreciate our specialization and client services in college funding planning. They believe we add value to the services they have provided to their clients.

What tax forms are required to declare taxable items purchased with scholarship money?

The only form needed is the IRS Form 1040. On line 7 (Wages, Tips, Salary, etc.) you must include the taxable scholarships with other income at the far right column. On the dotted line (after the word W-2) on line 7, write in SCH and the amount of the taxable scholarships, i.e., SCH $2,000. There are no other forms needed.

Do you give out loans or scholarships?

No, we are not a lending institution or a scholarship fund. However, depending on your needs, we will identify and recommend the best college financial tools for your situation.