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12 Steps to Maximizing your Financial Aid
First a little math: For every $10,000 of financial aid you receive each year, that's $10,000 saved. But you pay the colleges with dollars that have already been taxed. In other words, $10,000 of aid is equivalent to over $17,000 in earnings. Over a family's entire "college window" that will add up to substantial savings of hard-earned money. Therefore, make sure your financial advisor has lots of experience working with the financial aid system and is willing to help you with the financial aspects of the 12 steps listed below. 1. Learn how the financial aid system works. 2. Determine your FAFSA, Profile and Strategic FCs. 3. Isolate and address any exposures in your financial profile. 4. Implement the financial aid strategies described at our Seminar. 5. Review the colleges your child is applying to for the quantity and quality of aid. 6. Find out what forms are needed for each of the colleges your child selects. 7. Estimate current-year taxes before filling out the CSS Profile and FAFSA forms. 8. Complete Profile, FAFSA and supplemental college forms. 9. Complete tax returns as soon as possible. 10. Compare and evaluate the financial aid offers from the various colleges. 11. Negotiate for more aid, if possible. 12. Cash flow analysis and planning; how to pay the remaining college bill. Home Page | Register For Seminar | Seminar Schedule | Our Approach Our Mission | Directions | In The News | 12 Steps | Free Analysis! | Contact Us Online! Central Mass College Funding Advisors Affiliated with Benison, Landwehr & Associates 307 Grafton Street Suite 102 Shrewsbury, MA 01545 Voice: 508-845-5700 Fax: 508-845-5701 Copyright © 2007 Central Mass College Funding Advisors www.centralmasscfa.com |