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College Money Academy

College Money Academy

个人和家庭福利保障

We teach parents how to reduce the cost of college by $12,000 or more per year!

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If you have high school aged kids and you plan on sending them to college, did you know that you absolutely do NOT have to pay full price? Ever! You see, college is a business. They sell a product (an education) and they have customers (students). And just like every other business, there is room to negotiate; therefore, there are three “secrets” that we must not forget: #1 - You must ignore the Cost Of Attendance (COA) - This is the number listed by every school as the “all-in” cost. You will NOT pay this price (that is, if you know how to inject ethical principles of negotiation into the college selection process.) #2 - The school will virtually always “lowball” a student. Why? Because they wait to see if you accept all the government money that is offered. Why should they put their money on the table first when the government will just literally hand it out to anybody to pay the bill? #3 - You can APPEAL their “low” financial aid offer. That's right, you can literally appeal their initial aid offer and if they want your kid, the only thing they can offer is money...it's shocking how good well this works. For me personally, when it was time to send my firstborn to college, it cost me $3,800 for a $27,000 university...the school we chose offered an additional $14,300 per year after we appealed. She had a 3.4 GPA, an ACT test score of 24 and she never played a varsity sport…basically, she was not some amazing student. But we focused on packaging her correctly and then getting her schools competing for her decision. Please parents, DO NOT FALL FOR THE IDEA THAT YOU HAVE TO PAY FULL PRICE. And worse, do not make the decision to send your kiddo to a lessor school because of the cost. This is why College Money Academy exists. We are the only online, self-paced program that teaches parents EXACTLY how to do this for themselves. Dig in, we'll prove it to you.

网站
https://www.college.money
所属行业
个人和家庭福利保障
规模
2-10 人
类型
私人持股
创立
2016
领域
College Aid、College Funding、Free College Money、Financial Aid、Student Loans和College Tuition

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动态

  • Are you planning for college financial aid yet? If not, now is the time to start! In this video, I introduce next week's topic: The Importance of Planning Early for College Financial Aid. The earlier you begin, the better your chances of reducing costs and securing more financial aid for your child. Starting the process as early as freshman year of high school can give you a huge advantage when it comes to maximizing your family's financial aid opportunities. Stay tuned next week as we dive deeper into this strategy! Ready to learn more about how to plan early and save big on college? Head over to CollegeMoneyAcademy.com! #CollegePlanning #FinancialAidTips #PlanEarly #SavingForCollege #CollegeFinancialAid #FreshmanYearPlanning

  • Are you wondering which assets don't count when determining your child's financial aid eligibility? There are several key exclusions you need to know about. In this video, I answer the question: Are there specific assets that are not considered in financial aid calculations? The list is simple: Primary home equity (not included in FAFSA but considered in the CSS/Profile), qualified retirement plans, cash value life insurance, and grandparent 529 plans. Understanding these exclusions can help you better navigate the financial aid process and make more informed decisions about your college funding strategy. Ready to take control of the financial aid process? Learn how to maximize your aid at CollegeMoneyAcademy.com! #CollegeFunding #FinancialAidTips #529Plans #FinancialAidStrategy #CollegePlanning #SavingForCollege

  • So how does home equity affect the Student Aid Calculation? There's a few things to clarify. First, the equity in your primary residence does not count against you when applying to a school who uses the Federal Methodology based upon the FAFSA. That's good news. For those universities that use the CSS/Profile (typically your private institutions who use the Institutional Methodology), they will count your primary residence home equity against you resulting in a larger Student Aid Index. Both the FAFSA and the CSS/Profile will take into account any investment real estate equity. Learn how to master all of this and apply some strategy to your college planning in order to ensure you don't pay even close to full price at collegemoneyacademy.com

  • Today I answer the question, "Is It Advisable To Move Assets Into The Child's Name?" Absolutely not!! Student assets negatively effect the Student Aid Index more than parents. Before you consider doing this make sure you understand the implication...it will almost assuredly find you paying more for college. Learn how to reduce the cost of college at collegemoneyacademy.com

  • So how do retirement accounts impact your financial aid calculations? Remember these two things: 1. The account balances of your government, qualified plan retirement accounts do not count against your Student Aid Index calculation. 2. The contributions you make into these retirement accounts, do count against you. You have to add back in to your Adjusted Gross Income any pre-tax retirement account contribution. collegemoneyacademy.com

  • Today, I'm answering a crucial question: "How does asset repositioning affect financial aid eligibility?" Many college advisors suggest repositioning parent assets from accounts that count against your Student Aid Index (SAI) to those that do not. This strategy can lower your SAI, helping you qualify for more financial aid while keeping your assets intact. But here's the catch: this strategy typically works best for families with low income and high assets. In most cases, income alone can knock families out of need-based aid—so asset repositioning may not help. Before you move any assets, it's crucial to understand the complete picture—the before and after—and make sure you're positioning yourself to receive maximum benefit. ?? #AssetRepositioning #FinancialAidEligibility #CollegeFunding #StudentAidIndex #CollegeMoneyAcademy #FinancialPlanning

  • Next week, we're diving into a critical topic: "The Role of Asset Repositioning and Financial Aid." There's a lot of talk about parents repositioning their assets to qualify for more financial aid, but before you move anything, there's important information you must know. Moving assets can have a huge impact on your financial aid eligibility—both good and bad. Tune in next week as we break down the facts, the strategies, and the best approach to repositioning your assets for college funding. Trust me, you'll want to hear this before making any moves! #AssetRepositioning #FinancialAid #CollegeFunding #Parenting #CollegeMoneyAcademy #FinancialStrategies

  • In today's video, I'm answering the question: "Are there alternatives to the 529 college savings plan?" The answer is YES, and here's why: 1. Liquid investments—I prefer an option with no government restrictions or limitations, providing more flexibility for families. 2. Using a liquid investment with the 529 Passthrough Strategy allows you to maximize a state income tax deduction. 3. The PHD version of college planning investment accounts? Whole life insurance policies started when your child is young. These policies are the strongest and most strategic accounts for paying for college and leveraging assets for future gains. At College Money Academy, we don't sell insurance—we simply educate families on how to reduce the cost of college and pay for it efficiently. Want to learn how to make these strategies work for you? Visit collegemoneyacademy.com to get started. #529Alternatives #CollegeSavings #WholeLifeInsurance #FinancialStrategy #PayForCollege #CollegeMoneyAcademy

  • In today's video, I'm answering the question: "How does a 529 plan affect financial aid eligibility?" It's pretty simple—a 529 plan counts as an asset that increases your Student Aid Index (SAI), meaning you'll be expected to pay more each year for college. So why would you use an account that could make it more expensive for you? Let's break it down and discuss why understanding this is crucial for reducing your out-of-pocket costs. What's your experience with 529 plans and financial aid? Drop your thoughts in the comments below! Want to learn more about how to strategically reduce college costs? Head over to collegemoneyacademy.com to get started. #529Plan #FinancialAid #CollegeSavings #StudentAidIndex #FinancialPlanning #CollegeMoneyAcademy