May 2016 Newsletter: Here’s to the Class of 2020 … What’s Next?

May 2016 Newsletter

Here’s to the Class of 2020 … What’s Next?


Happy May!

May 1st was the deadline for seniors for most college decisions.  Congratulations to all those students who’ve made their choice!

Your next step is to build your college funding plan. For many families, that will include some loans. This month’s Featured Find is an interesting perspective about ways to give colleges accountability for student loans awarded to their students.

May’s Senior Scoop gives your senior tips to help cover the college bill.

We can help you take your next step on the path to creating a clear college funding plan. Sign up for a workshop or give me a call today.

All the best,
Beatrice Schultz, CFP®
Westface College Planning 
650-587-1559 

Featured Find

Make Colleges Back Up Their Student Loans

Just as government-subsidized easy money fueled a real-estate bubble in the 1990s and 2000s, boosting house prices while promoting unwise borrowing and lending, today government-subsidized easy money is fueling an education bubble — boosting tuition rates and reducing students’ incentives to choose education options smartly.

The progressive approach for addressing the student-loan problem envisions the government subsidizing student-loan interest rates and refinancing all outstanding loans. But this “solution” will only encourage more student-loan debt.

[Continue Reading Article Here…]


How to Survive Paying for College Workshops & Webinars

Seating may be limited – Register to ensure your spot!
Most parents are not financially prepared to enter the most expensive time period of their lives: covering their child’s college education.

Our 1-hour workshops provide steps you can take right now to assure you understand the cost of attendance and how you can afford college without jeopardizing your retirement.

Our upcoming event is:

Senior Scoop

5 Ways Anybody Can Raise at Least $9,500 to Pay College Bills

Tax breaks alone can add more than $2,500 to your college fund.

Even if you haven’t saved a penny for college, don’t qualify for a single scholarship, and have too much month left at the end of your paycheck, college finance experts say you can probably scrape together at least $9,500 for next year’s tuition bills from the five following resources.
If you’re extra frugal, the amount you raise in the next year could total more than $15,000.
$5,500+  from student loans: Every undergraduate who files a  Free Application for Federal Student Aid  can borrow at least $5,500 directly from the federal government.
 
Federal student loans  charge very low interest, don’t require payments while you’re in school, and can be partially forgiven if you work in a public service job for 10 years. You might be able to borrow more.

About Westface College Planning

If you are a typical parent with college bound students, you’re probably overwhelmed by all the research necessary to help your sons and daughters make the right choices and prevent overpaying for their education.

You are not alone!

Get the facts. Educate yourself to potentially save tens of thousands of dollars on a single college education. Parents of more than one child heading to college in the next few years, can save even more.

At Westface College Planning, we work with families to help you plan for and navigate the “paying for college” process. We teach you how to minimize your out-of-pocket expenses, maximize financial aid eligibility, understand the best way to navigate through the college selection process and prioritize your sources of college funds to protect your life savings!

Sign up for a free workshop or webinar or call to schedule a complimentary college funding consultation today.

More information at WestfaceCollegePlanning.com.


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