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College Plan 101 helps families and students plan smart by recommending options to lower the cost of college. The process to lower the cost of college incorporates the following services:
• Career, academic, admission, application, and college selection strategies. These strategies result in scholarships and grants for college.
• Savings accumulation and distribution (exit) options. The end result is keeping more of your money.
• Financial aid planning. By having a thorough understanding of the financial aid process you will maximize available aid.
• Cash flow and expense review. College Plan 101 impacts your daily living by improving cash flow and lowering expenses.
• Tax planning game plan. The reduction of taxes by using education tax incentives for individuals and business owners results in more money in your pocket. By using a combination of the strategies noted above, College Plan 101 has helped clients receive financial aid and additional savings up to $49,500 per year. The average of financial aid awarded only was $20,700 per year.
College Plan 101 works with parents and students in a variety of phases in their college planning. By helping students through the college admissions process we have developed knowledge to benefit those saving for college. We have identified three phases of planning for college:
Early Stage Planning- This is the accumulation phase which starts at birth and continues through the eighth grade. The focus of this phase is saving for college since there is an adequate time for savings through different market conditions.
Mid Stage Planning- This is the intermediary phase (yellow light) and the time to exercise caution. In the first two years of high school you will have a good idea of what your savings program will look like and what direction your student may go in.
Late Stage Planning-This is the intensive planning phase. This is the phase within one year of submitting applications. This is also known as the college red zone. There is little time to make mistakes and options may become limited as the application time gets closer.
The greatest need is in the latter (or final) years of high school. There may not be enough resources available and college is right around the corner. This has become our area of specialization and where College Plan 101 can make a huge difference.
Summary of Programs and Services
• Silver Level-This level involves hourly consultation in one of the services noted above. This service can be used in any of the three stages of planning.
• Gold Level-In this level we provide a guide or a map of the necessary steps to be successful in planning for college. This level of planning applies to the mid and late stage planning phases.
• Platinum Level-This is the level where we not only guide the process but take a hands on approach in every aspect of the process. This level of planning is mainly used for the late stage planning phase.
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