Recent Interview with US News on College Saving Plans
I was recently interviewed by US News Education on what are the best types of College Savings Plans. It was a great experience to share my own plans that I put in place years ago for my daughter. Seeing the results of that plan in my own life has only made it easier to help benefit my clients.
Actual Case: Financial Aid Appeal Boosts Award from $12K to $64K!
We’d like to share a recent success story that demonstrates how Palma Financial Services works with our clients. One family applied for financial aid so their daughter could go to her dream school, Duke. The school’s original award offer was $12,625. One of our experts intervened on her behalf, and Duke revised their financial aid award offer to $64,600! A successful negotiation netted this family an extra $51,975 of free financial assistance for their daughter’s first year of college! Multiply that by four- years of college and our appeal yielded more than $200,000 of additional financial aid for this family – on top of the original award offer!
Learn How You Can Get Thousands of Dollars of FREE Money, Regardless of Your Income, Assets or Grades!
￼Get $7,500 – $35,000 or more in Financial Aid, Grants & Scholarships per year! IMPORTANT:
If you think your family makes too much money to get financial aid or reduced tuition, take the time to attend this FREE class to learn the shocking truth about how even families with incomes of $100k-500k, in the Tri-Valley area are getting tens of thousands of dollars of free money each year. ￼
We will reveal astonishing ways to beat the high cost of college. Parents across the country are saving 50-80% or more on college costs! In fact, parents who have attended our workshops have discovered strategies to send their children to schools they never thought they could afford. Here’s just part of what you will learn:
- The 5 most common college planning myths
- Why the advice of the other parents and guidance counselors is the worst source of information on college planning and how relying on it will cost you a fortune!
- What scams all parents of college bound students should be aware of and avoid
- How many parents of students with only average grades doubled or tripled their eligibility for FREE grant money and sent their children to great schools!
- How parents making $100-500k income with millions in assets are also getting tens of thousands of free grant money (and how you can too)
- How parents put their kids through college and end up in better financial shape than when they started although they hadn’t saved a nickel
- How to avoid making The ONE mistake 91% of all parents make that costs them thousands!
- What to do right now if you haven’t saved a single dime for college or you haven’t saved enough
Seating is limited so please RSVP Here. You will not be disappointed!
This workshop will be taught by Miguel A. Palma, a Certified Public Accountant (C.P.A.), Personal Financial Specialist (PFS), Chartered Global Management Accountant (CGMA) and well-known financial educator. This is not an investment seminar and nothing will be sold. This workshop has been rated #1 in California by Counselors, Admissions Officers, and Financial Aid Officers.
Proper college funding is vital for all families desiring to have their children get a higher education. The levels of need for this funding fall into three categories:
C1 – Families With Total Financial Need
Families that are in this category are going to get some kind of aid, no matter which college their child has been admitted to. However, it’s important that these families understand all the rules and paperwork involved in the aid application process.
Picking the correct school, both educationally and financially is vital.
The paperwork must be filled out 100% accurately.
Forms, applications and other paperwork must be filed on time.
The right college must be found, one that will provide the most funding, with a maximum of free money and a minimum of loans.
C2 – Families With Partial Financial Need
The majority of the people we see fall into this category. The amount of money these families will be able to obtain is dependent on many factors.
What school they pick
How their assets are positioned
How their income is positioned
How their child is positioned as a student
These families could get a lot of money to help them put their child through college – or they could get next to nothing. This is the situation for the majority of people.
C3 – Families Who Make Too Much Money for Need Based Financial Aid
These families will never get need-based financial aid. However, they still must go through the application process to get ‘merit based’ money.
They need to be concerned with paying for college in the most cost and tax-efficient way
Educated and experienced financial planning advice becomes the key to funding higher education
Knowledge of colleges and their ‘merit based’ funding programs is a must.
In truth, there is an additional way to define the types of families that need help with funding and planning their children’s college education – those who either think they have all the information they need or don’t know help is available and those who find and use a comprehensive college financial planning and funding advisor.
The families that pay the least out of pocket are the ones who have found a knowledgeable advisor to help them understand and take advantage of the funding process.
To quote Confucius, “True wisdom is knowing what you don’t know”. And in this case knowing what you don’t know, can lead you to seek guidance to get your child into the right college with the best funding.
Never assume you will not qualify for financial aid to help you see your children through college. Also, never think your finances cannot be arranged to pay for a higher education for your kids.
Information, guidance and planning are all that you need to make the dream of an affordable college education for your children into a reality.
To learn more about funding your child’s college education, call us or contact us online to get a free no-obligation consultation
or join us at our next College Funding Seminar.
Contact Palma Financial Service
Phone: (925) 307-5454
Fax: (925) 828-4991