Absolutely the easiest and quickest way to plan how to pay for college!
You just want the bottom line - how much it will cost you out-of-pocket, and where to find the money. This is the way to get the answers! Six guided steps based on easy-to-complete Excel spreadsheets.
Estimate what financial aid you are likely to receive
Evaluate if a college will be affordable
Know whether to appeal the aid award
Plan how to pay the bills over four or five years
Plus: Live Q&A sessions to get your questions answered and problems solved.
Don't waste time trying to figure this out without help, and don't waste money by paying to have it done. These simple spreadsheets lay it out for you to successfully do it yourself!
Spreadsheet # 1
Enter your available resources to figure how much you can afford. Stretch a little to reach the maximum manageable number.
Spreadsheet # 2
Calculate your 'Expected Family Contribution' or EFC. The spreadsheet will show you whether your income or your assets is driving the result. Vital for planning!
Spreadsheet # 3
Apply this 'Financial Filter' to your college list to compare colleges and evaluate their out-of-pocket cost. Eliminate those you cannot afford.
Spreadsheet # 4
Evaluate the offers of aid from colleges to see which you should appeal.
Spreadsheet # 5
Enter the aid awards, your available savings and what you expect to provide from income to make sure college is affordable over all four or five years.
Spreadsheet # 6
If you can't meet the cost of attendance without loans, find out how much you will need to borrow, what the payments will be, and how much it will cost you in interest.
With an understanding of the overall process, you will be able to adjust your planning when adding new colleges to the list, evaluating aid awards, or considering how best to use your financial resources. Plus, you can interact with College Money Course author David Beck and other parents to get your questions answered and problems resolved. All this comes at a fraction of the cost of a typical 'college plan'.
"My goal is to make this training available to all families and redress the balance between the consumer and the higher education industry. Families are loosing out on aid and access to great colleges by not knowing how the system works" says David Beck, CFP®.
At last, parents of college-bound high school students have an inexpensive option that provides structured content on the topic of college planning.
How it works
Get access to the spreadsheets and video instruction on how to complete them, one step each week for six weeks. You will also attend live Q&A calls that will include discussion of the materials, and answers to questions from you and other parents. The calls will be recorded, so don't worry if you have to miss a call.
Matching the expected cost of college with your ability to pay means you won't get trapped into paying more than you can afford, or miss out on aid you were eligible for. It means you won't pass on great colleges that look out of reach, but that might have offered sufficient aid to make it possible to attend. Avoid expensive mistakes by making this small investment in college planning.