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College and University Discussion
Reply to "College funding specialists"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I keep getting Facebook ads for some college funding specialist company that advises parents with HHI >$200K. Can anyone who is familiar with these please tell me what their gimmick is so that I don't have to listen to their webinar? I'm assuming it's things like applying to slightly lower schools for merit aid and things of that ilk. Thanks.[/quote] T[b]here is no amount of asset hiding that will work if you have a w2 income over 200k. It only works if you own a business or are in a position to adjust your compensation structure to lower your income [/quote][/b] This. they want your money. Any college counselor can tell you 1) save save and save; 2) run the NPCs and take a screenshot in case the result you get doesn't match; 3) most people reading this should assume they are going to get nothing from FAFSA/CSS and proceed accordingly; 4) file the FAFSA so at least your kids can take out the unsubsidized federal loans; 5) Look at Parent Plus loans; 6) ask grandparents; 7) do not raid retirement; but 8) refinance if you have a lot of equity in your home.[/quote]
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