What Exactly is A College Funding Advisor And What Do They Do?
A College Funding Advisor (CFA) is someone who specializes in financially helping parents with college-bound students. A CFA is extremely well versed in all of the Higher Education regulations and tax laws specific to college. Just as a CPA is well versed in all of the general tax laws to give you the highest tax deductions and helps you pay the least amount of taxes to the government, a CFA knows every way to lower your EFC so you qualify for the most amount of financial aid. A CFA will also assist a family in lowering their out of pockets costs for college by showing a family how to pick schools ahead of time that will give the most money; how to negotiate with the schools once you receive your award letter and how to pay for college in the most tax favored way to save you thousands of dollars on your taxes.
A CFA also specializes in formulating a plan to help a family pay their required out-of-pocket expenses (even if they don’t qualify for any Financial Aid) in the most comfortable way possible without tapping into their retirement savings. A CFA will put a plan in place that takes into consideration every single child in the household, not just the first child. And in more cases than not, a CFA will also try to give a family the ability to pay their home off early if they so choose. In addition, a CFA group typically fills out the FAFSA, Profile and any additional Supplemental School forms for each child so that the information provided to the school allows for that family to have the lowest EFC ethically and legally possible.
What you could learn
1. How the financial aid process really works.
2. How to save on college even if you don’t qualify for aid.
3. How parents pay much less than the "Sticker Price" of a college.
4. How to Double or even Triple your eligibility for financial aid.
5. The right way to position your assets to maximize your aid.
6. How to go to a Private College for LESS than an In-State school.
7. How to negotiate with colleges regarding your award letter.
8. How to pick colleges that will give you the most aid.
Articles and Tips
Economical hard times calls for more knowledge in College Funding, Scholarships, Loans and Grants. How do I pay for College?