Please Note: This meeting is being held at Rio Salado Community College Conference Center in Tempe
Paying for college wisely involves a lot more than saving for it and applying for financial aid. It requires the integration of college admissions, financial aid, taxes, investing and personal finance into a best strategy that helps parents preserve their assets while cost-effectively paying for college.
Troy’s presentation will take you on a chronological journey through the accumulation (saving) phase of college planning and into late-stage college funding where there is a tremendous opportunity for advisors to truly set themselves apart and add real value to mass affluent parents who have assets and want to know their best strategy to pay for college and preserve those assets for retirement.
The presentation will focus on:
- Determining a child’s eligibility for need-based financial aid and academic scholarships
- How a family’s expected contribution toward the cost of college is calculated
- How assets impact college aid eligibility
- What strategies to focus on when a client’s income is too high to qualify for need-based financial aid
- College savings options
- The cause of the student loan crisis and best practices for consolidation and refinancing
- Tax and wealth management strategies that can help reduce the overall cost of college regardless of aid
- The most expensive colleges today cost $65,000 per year to attend.
- With annual cost increases, the four-year sticker price at elite colleges is about $280,000 per child.
- At most top colleges aid is based solely on family finances; good grades won’t get students any aid.
- Your child may qualify for aid at one university, but not at another.
- How you position your finances before college can impact aid eligibility, taxes and retirement savings.
Troy Onink is the Chairman and CEO of Stratagee, a firm that offers college planning advice to families and licenses college planning software to financial advisors.
A nationally-recognized authority on paying for college, Troy is a contributor to Forbes where he writes the widely followed blog College Crossroads. Troy’s blog at Forbes receives over 1.5 million unique visitors per year.
Troy is also a columnist for Investment News, and a contributor to Private Wealth, Financial Advisor, myStockOptions.com and NAPFA Advisor. He is regularly featured by Yahoo! Finance, Forbes Magazine, CNN/Money, Fox News, CBS, Savingforcollege.com, Plan Adviser and the Wall Street Journal.
For over twenty two years, Troy’s sought-after expertise has integrated college admissions, financial aid, taxes, investing and personal finance into a best strategy that helps parents preserve their assets while cost-effectively paying for college.
Financial Planning recently honored Troy as one of the Influencers in the financial planning profession.