October Newsletter 2013: Money Mistakes Awaiting College Students & More
Beatrice Schultz, CFP®
Westface College Planning
College Funding Specialist
Curious what College Smart Radio covers? Tune in this Saturday, October 5th, at 3 pm when I’ll be discussing “Six Essential Tips to Paying for College” with my guest, Mark Kantrowitz, a nationally-recognized expert on student financial aid.
Listen in to the College Smart Radio podcast of a popular show last month when I discussed the LEAP Fit 2 Flourish, Birkman Method® College Coaching, a career and college assessment tool, with my guest Lisa Mader.
There is another, less visible menace: the financial pitfalls that await college students.
From living on a budget to opening a checking account and planning a trip over spring break, college students are navigating new financial territory. And most college students are ill prepared for the challenge.
“They’re in that transition from under Mom and Dad’s wing to independence,” said Patricia Seaman of the National Endowment for Financial Education. Seaman should know: Her older daughter is a junior in college, and she has a high school senior.
The problem isn’t just one of dollars and cents. Students who feel unduly burdened by their finances often wind up dropping out of school…
Continue reading CNBC article here.
Our next upcoming workshop is:
- Tackling the Runaway Costs of College – Webinar: Wednesday, October 16, 2013 from 7 pm to 8 pm.
Paying for college is a daunting task. However, with the abundance of loan options and scholarships available to students this year, the burden and worry can be lessened. When including these extra funding sources, figuring out how much to compensate can be difficult.
That’s why we use Net Price Calculators to obtain the full cost of college after factoring in college loans and scholarships. Schools are now required by the federal government to post them on their websites in order for students to be able to access them easily and directly.
The net price of a school is based off of the entire cost (including tuition, room and board, etc.) minus the amount of financial aid a student is eligible to receive…
Continue reading Senior Scoop here.
Advice & Insight
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Are you following Westface College Planning online? Here are a few things you missed:
Check out what basic concepts every college student should know about personal finance on our Facebook page.
One of California’s UC schools ranks in the top 10 Highest Public In-State College Tuition. Find out which one it is on my LinkedIn page.
How could you look to your home equity as a possible source of funds for college? Check out the answer on my Twitter page.
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!
More information at westfacecollegeplanning.com.
Ready for your own success story?
If you’re a typical parent with college-bound students, you’re probably overwhelmed. You want to help your sons and daughters make the right choices and prevent overpaying for their education. You’re not alone! We’re here to help. Schedule your free consultation today – click below to get started!
Catch our free, on-demand webinar:
How to Survive Paying for College
Join Beatrice Schultz, CFP® for our on-demand webinar, where she provides parents with the exact steps that often greatly lower the cost of college, even if there’s little time to prepare.