Do you have a plan for getting accepted and graduating from college? The United States student loan debt just tipped $1 Trillion last year for the first time in history. This amount of debt is HUGE! Take a second and realize just how much $1 Trillion really is. Let me write it out for you $1,000,000,000,000. Believe it or not, student debt is now following after mortgage debt. How much planning and research do you do before purchasing a home? College planning is just as important. Colleges are becoming more and more of a complex system and the odds will be against you if you aren’t in the know. There is no sign of student debt slowing down and in 2014 we should expect the average amount of student debt to continue to grow.
How does this affect you and why am I making such a big deal about this? Every year www.CollegePlanningExperts.com help hundreds of student get into college, graduate, and take on the least amount of debt possible. One of the biggest mistakes is with financial aid and planning. Financial aid should never be overlooked during this process. Every student has the opportunity to attend the college of their dreams without parents going broke, sacrificing your life savings/retirement, or taking on a huge amount of debt; but you have to understand how the system works.
This year we have already helped 200+ families correctly submit their financial aid forms. Even if you don’t think you qualify for financial aid, STILL APPLY. All families qualify for some type of aid, but one of the biggest mistakes is that they don’t even apply. At our College Planning Workshops we cover the 7 myths about the college planning process. One myth we frequently hear is “We make too much money to qualify for financial aid”. At www.CollegePlanningExperts.com we help all families strategize and plan for college acceptance, regardless of your income, assets, or student’s GPA.
One of the main forms we help families properly submit is the FAFSA, or the Free Application for Federal Student Aid. This is a FREE application for everyone. One of my next blogs will be about the FAFSA, other financial aid forms, and what you should know in order to maximize financial aid awards. Visit us at www.CollegePlanningExperts.com to request a college planning analysis or sign up for our FREE College Planning Workshop. You owe it to yourself to learn the strategies of the higher education system and take charge.