The New Rules of Financial Aid
It's weird the way colleges decide how to award scholarships and other aid:
There's no "magic" income number.
Sure, there are a handful of exceptions, mostly from elite private colleges who claim to give full tuition to families earning 150K, 180K and even 200K.
But you have to GET INTO these elite, rarified air colleges to be in the running for the cashola.
What about the other 98% of colleges?
If you were nerdy enough (ahem) to read through the financial aid rules and regulations, websites and handbooks for college aid information, looking for an income "ceiling" or cut off number, your search would be fruitless. Because there are 70+ other factors that go into the Double Secret Formula in addition to Adjusted Gross Income.
In our 22+ years of advising, we've had a handful clients earning more than 300K qualify for substantial amounts of need-based aid.
We've also seen those with 50K in income get zilch.
I can 'splain all that to you tomorrow afternoon. I'm running a short online workshop to help you cut the crazy cost of college, just in case Uncle Joe's latest proposals get struck down, again (damn that silly Constitution of ours - so inconvenient!).
Here are some of the nuggets that you will discover tomorrow (Thursday) afternoon:
- How to legally "hide" your money from the financial aid office
- The dark truth about the 529 plan
- How to negotiate your so-called "final" scholarship or financial aid award (hint: this starts months BEFORE you apply to college)
- Special "loopholes" and "landmines" for business owners
- How much income (Adjusted Gross Income) is too much to qualify for aid? (I know I covered that already but I repeat things so that you retain them. Also, I repeat things so that you retain them.)
- How to get 56.1% off tuition no matter how much AGI you show on paper
- The new rules for divorced parents and how they will affect you and your ex
I'll leave room for Q&A at the end.
Here's where to register for this new event:
- Andy "Laughing at My Own Jokes" Lockwood
P.S. Please share this invitation with any poor soul who is hyperventilating about how much college will cost for their kids, but feels like there's no hope. They'll feel better after they attend the workshop.