Scholarships For College
"How am I going to pay for this?"
Has this question gone through your head recently? If not, it will soon, regardless of your socioeconomic status! There's no escaping that college prices are rising. According to the College Board, tuition and fees cost, on average, up to $1,398 more than last year, and these costs will continue to rise each year.
College grants and scholarships of various kinds can often be used to offset these costs - consider the following facts:
FACT: It now takes students, on average, 6.7 years to earn a 4-year degree. How will you pay for these extra years if this happens to your student?
FACT: Some scholarships for college - such as merit-based scholarship programs, are being cut nationwide. What if the Florida Bright Futures Scholarship (a merit-based scholarship) disappears, and you're relying on that to help pay for college?
Call us at (561) 228-4828 to get updated information on college scholarships
and grants your child may qualify for.
FACT: Florida Prepaid Plans are designed to help families "lock in" the costs of a state university, yet they are actually used on the FAFSA filing to discriminate against a student's eligibility for financial aid. You are penalized for being a good steward of your finances!
FACT: With Florida's ballooning budget deficit, legislators are lowering state university subsidies and "uncapping" tuition and college costs, setting the stage for them to rise by 15% per year.
FACT: For every $1 you spend on college, you lose $7 towards retirement. That might mean depleting your retirement savings.
While this information may shock you, there is good news. We at The Educated Wealth Center are dedicated to helping our clients reduce their out-of-pocket costs for college education, preserve their retirement nest egg, and make sure that students stay on track to finish their degree in 4 years. With proper planning, you can send your children to college without it costing you a comfortable retirement or all your hard-earned assets.
Don't procrastinate - take the next step and schedule a college financial debriefing with EWC Founder John Convery. Take advantage of his free, no-obligation debriefing.
Call us right now at (561) 228-4828 for your free college financial debriefing.
