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Strategies for Funding College Education

Learn effective ways to finance a college education, from starting early to choosing affordable institutions, budgeting, saving programs, borrowing options, and maximizing financial aid and scholarships. Explore various discussion topics like income projections, tax benefits, and career requirements to make informed decisions.

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Strategies for Funding College Education

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  1. FUNDING A COLLEGE EDUCATION PRESENTED BY DR. AA NEIDERMEYER

  2. DISCUSSION TOPICS • STARTING EARLY • CHOICE OF AN AFFORDABLE INSTITUTION • DEVELOPMENT OF A BUDGET • DEVELOPMENT OF A SAVING PROGRAM • BORROWING / RENTAL PROPERTY • FINANCIAL AID / SCHOLARSHIPS

  3. STARTING EARLY • SELF / CAREER PROJECTIONS • INCOME / EXPENSE PROJECTIONS • AVAILABLE PROGRAMS • TAX ADVANTAGES • TAX DISADVANTAGES • AID PROs AND CONs

  4. CHOICE OF INSTITUTION • PERSONAL PREFERENCES • CAREER REQUIREMENTS • YOUR JOINT DEFINITION OF “GOOD” INSTITUTION

  5. THE EDUCATIONAL BUDGET • DECIDE WHO WILL PAY • DECIDE ON PROJECTED COSTS AND DURATION OF EDUCATION • DECIDE WHEN YOU WILL PAY • EARLY • AT THE TIME OF EDUCATIONAL MATRICULATION

  6. DEVELOPMENT OF A SAVINGS PROGRAM • STOCKS • BONDS • TUITION PREPAYMENT • COLLEGE SAVINGS PROGRAM • INVESTMENTS IN CHILD’S NAME

  7. BORROWING / RENTAL PROPERTY • POSSIBLE LOANS: • 401 (K) • HOME EQUITY • LIFE INSURANCE • STAFFORD • SALLIE MAE • EXTRA CREDIT • EDUCATIONAL RESOURCES INSTITUTE

  8. FINANCIAL AID • START PROCESS EARLY IN HIGH SCHOOL CAREER – PORTFOLIO • COMPLETE AND FILE THE FINANCIAL AID FORM • APPLY, APPLY & APPLY

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