January is a great time to focus on financial planning for the next 12 months, especially for parents saving for college tuition. Considering the 10-year historical rate of increase for college tuition has been approximately 5% per year, it’s never too early to start saving — whether you have small children or teenagers.
Navigating the college application process can be time consuming, difficult and confusing. And there is not a lot of information easily available to help parents understand how the financial aid process works; how to maximize potential aid in the form of grants; which colleges offer the most merit scholarships and need-based grants, and on and on.
It can be very helpful for parents to hire an expert like American College Funding to help guide them through the process and ensure they don’t leave money on the table when it comes to financing the costs.
At American College Funding we help parents determine the most efficient way to both save and pay for college. We handle everything from filing the financial aid forms (both FAFSA and CSS Profile), to projecting the financial aid and merit offers for their students, to ultimately developing a sound plan to pay for the upcoming costs. We make sure every client, regardless of where their student attends college, doesn’t pay for any more than they have to. It is also important to realize that there are strategies that even the wealthy can implement to save on college costs.
If you are interested in learning more about how to navigate this system, please sign up here to attend our upcoming free workshop on January 18th at 7pm at the Wilmette Library.
This story was sponsored by American College Funding. Please visit www.americancollegefunding.net or call 847-920-9680 for more information.