WHY SHOULD I INVEST IN COLLEGE PLANNING BY J.P. SCHMIDT?
Would you file your taxes without any sort of guidance? Probably not. All of us rely on some form of guidance. The simpler situations can get by with self-help guides from a software program. But most of us would prefer to hire a professional tax advisor. That one-on-one consultation and review of your specific situation leaves you feeling confident that you're not overpaying your taxes. But what's even better than that? When you hire us, it's like hiring a former Head of the IRS who managed a team of tax auditors. But now that former IRS boss is using his inside knowledge to help you to pay the least amount possible. Ultimately it boils down to we save you time and money when it comes to your student's college future.
OUR HIGH SCHOOL COUNSELOR IS SUPPOSED TO HELP US. WHY SHOULD WE PAY FOR YOUR SERVICE?
It's true that school guidance counselors can be helpful in the college planning process. But consider this - many counselors have a caseload of 300 or more students and just don't have the time and resources to give your child a personalized plan. When high school counselors attend our Financial Aid seminars, their common response is they had no idea how any of this worked and realized they were giving their students incorrect advice.
CAN'T WE DO THIS ON OUR OWN?
Yes, you can. But do you have the time to learn the inner-details of how the financial aid process works? Do you understand how to strategize where you should place your money to qualify for more financial aid? Are you up to date on the latest admissions requirements from schools and know if your child is on track to being accepted? Again, every family we agree to work with ends up saving both time and money with our help.
CAN I CALCULATE MY EFC BEFOREHAND?
CollegeBoard EFC Calculator can help provide you an estimate of what your EFC could be. From there, our job will be to help you find ways to lower the calculation so that your child can qualify for more free money.
IF I INCREASE MY 401(K) OR IRA CONTRIBUTIONS TO LOWER MY NET INCOME, WILL IT HELP ME QUALIFY FOR MORE FINANCIAL AID?
No - both the FAFSA and CSS PROFILE consider your gross income. Any deferred income will be added back into the calculation of your EFC.
DOES FINANCIAL AID ONLY MEAN LOANS?
No - generally speaking Merit-based aid will be scholarships (free money) and Need-based aid will be loans, work-study, and/or grants (also free money). But not all schools are created equal. Some schools generously give out free money and others do not. Our goal is to help you qualify for as much of the free money as possible and place you with the schools that are generous.
WHEN SHOULD WE START PLANNING?
The best time to start was yesterday. The next best time is NOW. The more time we have to plan, the better your chances of improving your results.
How Much Will It Cost Me To Hire You?
From our perspective, our services won't cost you anything. meaning you won't lose any money. The reason is because the amount of money and time you invest with us results in a greater return back to you when you see how much time and money we save you when it comes to college. At this stage, we don’t know which package of services is right for you. It will depend on your unique circumstances. That is why we suggest scheduling a free strategy session right away so we can get to know and you can get to know us.