May 24, 202100:31:13

How to Find Money for College, with Seth Greene

Paying for college is daunting, and can be a frustrating experience if you don't know what you're doing. The government may decide that on paper, you can afford plenty... though that's rarely the case with ever-increasing education costs. If you're wondering how to find money for college, look no further. https://www.youtube.com/watch?v=EwCdR7GK89M Today, Seth Greene is joining us to pull back the curtain on financial aid applications, so that you can qualify for as much as possible. If you want to get a jump on college aid planning, and learn the secrets for success, tune into our conversation below! Table of contents* From Broadway to College Planning* College Financial Aid Leveraging* How to Find Money for College* Student Positioning* The Importance of Starting Early* Filling Aid Applications* Dates to Know for Financial Aid * Your Child’s Path* About Seth Greene* Book A Strategy Call From Broadway to College Planning Seth was on his way to college to become the next Broadway star when he got a frantic call from his father saying he had to come home. After some prodding, he discovered that the bill had made his father nervous. And this conversation continued each semester.  By the time he graduated, he had the epiphany that he didn’t want to move to NYC only to struggle. Instead, he decided to help upcoming students save some of the heartbreak that he went through.  As he entered this career, he realized that MOST parents and students aren’t prepared for the cost of college. They don’t realize the true expense; they don’t realize that the cost increases every year; and they rarely start soon enough. Seth’s role as a college financial aid planner isn’t to help parents save—it’s helping them work with what they have.  College Financial Aid Leveraging 4:50 “College financial aid leveraging, according to Money Magazine, is the process by which the schools determine how little financial aid they can give a family and still get them to come.” Colleges are a business, first and foremost. If it comes down to two students, and one needs $50,000 of aid to attend a $60,000 school, and the other only needs $5,000, which student will the school want more?  5:45 “If your were an NFL team owner, negotiating with a quarterback, you would want to pay that quarterback as little as possible. But that quarterback has an agent.” Students and families don’t have that agent advocating for them, so financial aid planners act as that negotiator for families. They help students get more government aid, so they'll need less aid from the school, as well as helping students find the best schools for their needs and desires. How to Find Money for College Typical strategies for affording school include using what savings you’ve accumulated, going to a cheaper school, skipping school altogether, and/or taking out loans. Of course, many of those options can set you back farther in the long run.

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