<script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js?client=ca-pub-3297454850587592"
crossorigin="anonymous"></script>Planning for your kids college education is an important event, which many parents might not be prepared for.
There’s so many things to consider regarding admission requirements. But probably the most impactful issue for parents is the cost of education.
If you are lucky, your student will qualify for government grants, school grants, or even work study opportunities. Grants are funds that you will not have to pay back.
If you do not qualify for grants, usually because of income requirements, then you can turn to student loans. You can apply for a subsidized loan which means you do not pay interest, an unsubsidized loan with a low interest rate, or a Parent Plus loans that charge a higher interest rate.
However you should also think about FASFA and how your assets and income wealth affects your students need for financial aid. Different assets will either impact your chances for financial aid positively or negatively.
To learn more about what tax advantage products are available and how they affect FASFA, send me an email and let’s set up an appointment.