Higher Education Planning
Funding a college education requires strategic planning. This can help prevent students from being saddled with debt that affects their lifestyle after they leave campus. Knowing your options can be difficult as the cost of higher education fluctuates, and few people pay the same price even at the same institution. By creating a plan for college funding with the right strategies, you can often get a great education for well below the full tuition price.
What You May Be Thinking
When should I begin saving and how much should I be saving?
How much can I afford to help my children with college costs?
Will having a college savings fund subsequently reduce the financial aid eligibility?
Should my children take out loans in their name?
Do grandparents’ contributions affect financial aid eligibility?
What are the criteria for qualifying for merit – and need – based financial aid?
Higher Education Planning is related to these other areas of planning used by Copper Leaf:
How Your Team Helps
Your advisory team helps match students with respected schools that are generous with grants and scholarships as they intensely compete for high-quality applicants. We have a deep understanding of the changes to the Free Applications for Federal Student Aid (FAFSA) and how to avoid the subsequent pitfalls and take advantage of the resulting opportunities. We know how to manage college costs, increase aid eligibility, determine appropriate savings plans, and generally make the process as affordable and comfortable as possible. We work to:
- Provide clarity to a process that often lacks transparency.
- Understand all the college-funding options available, including savings accounts, tax credits and deductions, federal loans, and grants.
- Identify the schools that are most generous with merit – and need-based aid.
- Determine what you can afford and optimize the process for becoming eligible for aid.
- Develop a plan as early as possible to maximize savings.
- Locate the education savings vehicles and 529 plan that are best for you.
- Introduce your student to personal financial planning by involving them in the financial aid process.
Please note that the information presented in this material is for general purposes only and should not be acted upon without first seeking professional advice. This material has been authorized by Focus Partners Advisor Solutions (FPAS), and CLF makes no representation or warranty regarding the accuracy of the information provided. It is being used with permission and was originally published by FPAS.
Copper Leaf Financial has established key strategic partnerships with elite financial industry leaders including FPAS. These alliances put us in the optimum position to help clients reach their personal and financial goals while retaining our independence. We are truly independent fiduciaries offering high-level services without being accountable to a large parent corporation unlike many of our competitors who attempt to pick stocks and outsmart the market. As a member of FPAS network of more than 140 independent wealth management firms we have strengthened our ability to help clients make the best decisions by providing them with ideas, insights, and intelligence from industry thought leaders. Through our strategic partnerships we are in a unique position to deliver comprehensive solutions to our clients. This is true wealth management.
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