Description
Funding the costs of higher education is a financial planning topic area that clients frequently seek out advisors to assist with, especially as costs continue to rise. The four-year sticker price of college now exceeds $300,000 at some of the country’s most prestigious institutions. As a result, outstanding student loan debt exceeds
$1.7 trillion. Training on financial aid and late-stage college planning is a small component of most advisor education programs, leaving many advisors with questions on how they can best assist their clients with the important decisions around higher education costs. Join us at the May Kitces Monthly Webinar where expert guest, Joe Messinger CFP, ChFC, CLU, CC, will share ideas on how you can better guide families through the college funding maze and make more informed buying decisions.
Learning Objectives
-LO #1: Review the state of college tuition and college funding outcomes. -LO #2: How to project a family’s financial aid and out of pocket cost at individual institutions -LO #3: How to create a college funding plan and ensure students graduate with manageable debt without robbing retirement -LO #4: What the key differences are in the federal and institutional formulas used to determine a family’s expected family contribution (EFC) need based financial aid eligibility -LO #5: Which cash flow and tax planning strategies to deploy when funding college expenses