Presents

The Art ofThe Art of

College Cost PlanningCollege Cost Planning

Successful Solutions, LLCSuccessful Solutions, LLC

7851 University Avenue, Suite 1037851 University Avenue, Suite 103La Mesa, CA 91941La Mesa, CA 91941

(619) 460-9433(619) 460-9433www.successfulsolutions.comwww.successfulsolutions.cominfo@successfulsolutions.cominfo@successfulsolutions.com

Your Presenter: Christian K. Clark, RFC, LUTCF

Successful Solutions, Successful Solutions, LLCLLC

• Affiliated with Affiliated with 123college.com, Inc123college.com, Inc., your source for ., your source for college financial planning information, education and college financial planning information, education and training. Since 1994, we have developed financial aid training. Since 1994, we have developed financial aid analysis software annually, to ensure analysis software annually, to ensure accuracy accuracy and and fullfull compliance compliance with the U.S. Department of with the U.S. Department of Education’s complicated financial aid formulas.Education’s complicated financial aid formulas.

It's Expensive No Matter It's Expensive No Matter Where Where

Your Children Go!Your Children Go!• It’s not just Tuition - Books,It’s not just Tuition - Books,

Room and Board, LivingRoom and Board, Living

Expenses, etc.Expenses, etc.• 4 years can easily cost4 years can easily cost

$60,000 to $200,000...or more!$60,000 to $200,000...or more!• Multiply by the Number ofMultiply by the Number of

Kids!Kids!• Keeps going up Every Year! Keeps going up Every Year!

• Average Cost of a Private Average Cost of a Private College/University is College/University is Approximately $35,000 per Approximately $35,000 per Year. Year.

• Average Cost of a Public Average Cost of a Public College/University is College/University is Approximately $15,000 per Approximately $15,000 per Year.Year.

• Costs have Historically Costs have Historically Risen at Three Times the Risen at Three Times the Rate of Inflation. Rate of Inflation.

College Board 2004-2005

Actual College Actual College CostsCosts

Including Tuition, Fees and Room and Board only, for the 2006-2007 school yr.

University of San Diego University of San Diego $41,664.0$41,664.000

Stanford UniversityStanford University $43,361.0$43,361.000

University of Southern University of Southern CaliforniaCalifornia

$44,032.0$44,032.000

San Diego State UniversitySan Diego State University $13,215.0$13,215.000

Cal Poly San Luis ObispoCal Poly San Luis Obispo $12,780.0$12,780.000

University of Notre DameUniversity of Notre Dame $42,137.0$42,137.000

SCHOOL COST

Education Expense Education Expense EstimateEstimateCollege Choice: College Choice: (Notre Dame) (Notre Dame) Years to Attend Years to Attend 2007-20112007-2011 11stst Year College Costs: Year College Costs: $44,623.00$44,623.00 (Tuition Room & Board, Fees)(Tuition Room & Board, Fees)

Wardrobe, Transportation, Books,Wardrobe, Transportation, Books,Insurance, Medical, Personal, Etc. Insurance, Medical, Personal, Etc. $ 5,000.00$ 5,000.00

11stst Year Total Year Total $49,623.00$49,623.00

Total Cost of 4 year Education Total Cost of 4 year Education $220,323.00$220,323.00 (add 7% annual cost increases)(add 7% annual cost increases)

State Schools increased an average of 8% for 2006-2007 and Private Schools 5.9%.State Schools increased an average of 8% for 2006-2007 and Private Schools 5.9%.Up 35% in the past 5 years, according to Up 35% in the past 5 years, according to USA TODAYUSA TODAY 10/24/2006 10/24/2006

The Fact Vs. The Fiction:The Fact Vs. The Fiction:Who Is Eligible For Financial Who Is Eligible For Financial

Aid?Aid?

The FictionThe Fiction 1. My Income is too High.1. My Income is too High.

2. My Child did not Win a National 2. My Child did not Win a National Merit Scholarship. Merit Scholarship.

3. If My Child does not Qualify 3. If My Child does not Qualify for Need Based Aid, There’s no for Need Based Aid, There’s no Hope.Hope.

4. I Own a Nice Home.4. I Own a Nice Home. 5. School People can Help.5. School People can Help. 6. It’s a Simple, Easy and Fair6. It’s a Simple, Easy and Fair Process.Process.

The FactsThe Facts1. Middle & Upper Middle Income Class 1. Middle & Upper Middle Income Class Kids can Qualify.Kids can Qualify.2. Need Based Aid Based on Income, 2. Need Based Aid Based on Income, Assets, Number of Kids , etc.Assets, Number of Kids , etc.3. There are Millions of Dollars of Aid3. There are Millions of Dollars of Aidfor Kids with Academic, Artistic & for Kids with Academic, Artistic & Athletic Talent.Athletic Talent.4. FAFSA form doesn’t ask for Home 4. FAFSA form doesn’t ask for Home Equity, but the Profile form does.Equity, but the Profile form does.5. Colleges are Businesses & are 5. Colleges are Businesses & are Concerned about theirConcerned about their own Enrollment own Enrollment & Finances& Finances6. Many Believe it’s not Simple, Easy 6. Many Believe it’s not Simple, Easy or Fair.or Fair.

How Do They How Do They Determine Determine

If I'm Eligible?If I'm Eligible?COA – EFC = Financial NeedCOA – EFC = Financial Need

COACOA Stands for Stands for Cost of AttendanceCost of Attendance..

(Includes Tuition, Books, Room/Board, (Includes Tuition, Books, Room/Board, Incidentals & “Ask-identals”)Incidentals & “Ask-identals”)

EFCEFC Stands for Stands for Estimated Family ContributionEstimated Family Contribution (Based(Based on Parents’ and Student's Income, on Parents’ and Student's Income, Assets, Ages, Number of People in School.).Assets, Ages, Number of People in School.).

Financial NeedFinancial Need is how much Aid your Family is is how much Aid your Family is Eligible to Receive.Eligible to Receive.

OUR GOAL:OUR GOAL: TO SHOW YOU HOW TO TO SHOW YOU HOW TO OBTAIN THE MAXIMUM AID OBTAIN THE MAXIMUM AID PACKAGE PACKAGE ALLOWABLEALLOWABLE

How To Get More Need-How To Get More Need-Based Aid For College!Based Aid For College!

It is a Two Step Process. It is a Two Step Process.

1) 1) Lower Your EFCLower Your EFCWe Can Help You Re-Arrange Your Affairs To Get More We Can Help You Re-Arrange Your Affairs To Get More Money By Learning The Legally Established Rules!Money By Learning The Legally Established Rules!

2) Find the Schools Which Will Provide 2) Find the Schools Which Will Provide You with the Most FREE Money.You with the Most FREE Money.We Will Conduct a Customized College Search. 123College’s Database is the Most Advanced and Comprehensive in the Industry.

Step 1: Example Of A Family Step 1: Example Of A Family That Took Control! That Took Control!

Family Before:Adj. Gross Income: $75,000Non-Qual. Investments*: $0Bank/ Mutual Fund: $100,000 Custodial Account: $20,000Number in Family: 4Number in School: 1

EFC = $20,467

Family After:Adj. Gross Income: $75,000Non-Qual Investments*: $70,400Bank/Mutual Fund: $49,600Custodial Account: $0Number in Family: 4Number in School: 1

EFC = $10,646

•Family Qualifies for up to $9,821 more in Financial Aid per Year, or almost $40,000 over a 4 Year Span because They took the

Time to Understand the Process, Learned what They had to do ...and TOOK ACTION!

*Non-Qualified Investments are not counted in the DOE formula for EFC calculation. See FAFSA

Emory University:Emory University:Cost - $40,000Cost - $40,000EFC - $5,000EFC - $5,000Need - $35,000Need - $35,000

School A:School A:Meets 100% of need.Meets 100% of need.

Florida State University:Florida State University:Cost - $10,000Cost - $10,000EFC - $5,000EFC - $5,000Need - $5,000Need - $5,000

School B:School B:Meets only 60% of need = $3,000 Meets only 60% of need = $3,000 ($2,000 short!)($2,000 short!)

What You Actually Pay What You Actually Pay at Each School:at Each School:School ASchool A::Total Cost - $40,000Total Cost - $40,000School Provides $35,000 School Provides $35,000 Cost to Parents = $5,000Cost to Parents = $5,000

School BSchool B::Total Cost - $10,000Total Cost - $10,000School Provides $3,000School Provides $3,000EFC - $5,000 EFC - $5,000 + Unmet Need $2,000 =+ Unmet Need $2,000 =Cost to Parents = $7,000 Cost to Parents = $7,000

Step 2: It’s All Packaging!Step 2: It’s All Packaging!

Types Of AidTypes Of Aid

• GRANTSGRANTS• SCHOLARSHIPSSCHOLARSHIPS• LoansLoans• Work/StudyWork/Study

Sources Of AidSources Of Aid• ENDOWMENT FUNDSENDOWMENT FUNDS

• Government Government

• Outside SourcesOutside Sources

How Much Aid Is Available?How Much Aid Is Available?

College Board 2005-2006

Estimated Student Aid by Source for Academic Year 2005-06

State Grant Programs $6.56.1%

Federal Loans $52.449.5%

Other Federal Programs $4.94.6%

Nonfederal Loans $6.46.0%

Institutional and Other Grants $20.5

19.4%

Federal Campus-Based $4.03.8% Federal Pell Grants

$11.210.6%

(Current dollars in billions)

Prepared By:Prepared By:

123College.com123College.com160 SW. 12160 SW. 12ThTh Avenue Avenue

Suite 103BSuite 103BDeerfield Beach, FL 33442Deerfield Beach, FL 33442

(888) 737(888) 737--41234123

Prepared For:

The Adams FamilyThe Adams Family&&

James Adams James Adams 10974 Sheffield Road 10974 Sheffield Road West Palm Beach, FLWest Palm Beach, FL

3341733417

123College.com, Inc.123College.com, Inc.

60 to 80 Pages Loaded with Information about the Colleges and Universities of Your Choice and Also

Ones We Feel Meet Your Student’s Criteria!

Customized Student Profile Customized Student Profile ReportReport

A. Financial Needs Analysis: Survey Family Assets; Review Repositioning Strategies; Indicate the Expected Family Contribution

(EFC) in Your Current Situation and Show You how low it could be if Your Assets are Moved into Investments not Counted in the Financial Aid

Formula. B. College Aid and Enrollment Information: Everything a Family

needs to Know about the Schools Their Student might want to Attend including: Admission Criteria, AP / CLEP Course Acceptance, Contact Information, and the Financial Aid that may be Offered to you from each

Individual School.

How Do You Apply For Aid?How Do You Apply For Aid?

1. The FAFSA Form MUST be Filed to Receive Any 1. The FAFSA Form MUST be Filed to Receive Any

Federal Aid, Even to Get Low Interest Gov’t Loans. Federal Aid, Even to Get Low Interest Gov’t Loans.

2. The CSS (College Scholarship Services) 2. The CSS (College Scholarship Services)

Profile Form is Required by most Prestigious Profile Form is Required by most Prestigious Programs.Programs.

3. School’s May Have Their Own Institutional Forms.3. School’s May Have Their Own Institutional Forms.

4. More Forms Required for Certain Families:4. More Forms Required for Certain Families:• Business/Farm Supplement.Business/Farm Supplement.• Divorced/Separated Agreement.Divorced/Separated Agreement.

Ex: Page of an Answer Sheet Created in the Customized

Student Profile Report

FAFSA Filing Service:FAFSA Filing Service: We Will File Your FAFSA Form FREE for All of Your

Students Undergraduate Years. This Ensures Prompt and Accurate Filing to get You the most Aid.

The Early Bird Gets the Worm!

We Help You Negotiate For We Help You Negotiate For The Best Possible PackageThe Best Possible Package

• Some Schools Some Schools Mis-Award.Mis-Award.• Some Schools Some Schools Under-AwardUnder-Award..• Some Schools Will Compete with Other Schools.Some Schools Will Compete with Other Schools.

What We Do For You:What We Do For You:The Three Step ProcessThe Three Step Process

1) We Figure out what Your EFC is for Each School and Determine how much Aid They Normally Provide Someone In Your Situation.

2) We Analyze Your Financial Aid Packages And Distinguish True Forms of Financial Aid from Creatively Named Bank Loans. FINANCIAL AID PACKAGES ARE UNREGULATED!

3) We Write Letters to the Schools Requesting the Additional Aid You are Entitled to, Down to the Penny.

IF YOU DO NOT KNOW EXACTLY WHAT YOUR EXPECTED TO PAY, AND KNOW HOW TO READ THE AID PACKAGE (OFFER),

HOW CAN YOU NEGOTIATE?

             

     

OR

Choose Your Board Test Study Choose Your Board Test Study

Guide:Guide: We Provide Your Student with Kaplan’s Premier Edition SAT

OR ACT Book with Practice Test CD-Rom

• Gives Your Student an Edge to Ensure He/She Graduates College in 4 Years or Less.

• Assists Your Student in Choosing a Major or Field of Study.

• Professional Resume Builder to Help Your Student get the best Job after College.

• Job Search and Salary Calculator

College and Career Planning Assessment Tool

Our Promise To You!Our Promise To You!1. Analyze your ability to qualify for college funding and to1. Analyze your ability to qualify for college funding and to

what extent by computing your Expected Family what extent by computing your Expected Family

Contribution.Contribution.

2. Develop “2. Develop “college planningcollege planning” concepts that may lower your out-of-” concepts that may lower your out-of-pocket costs by increasing your eligibility for funding.pocket costs by increasing your eligibility for funding.

3. Assume annual responsibility for the completion of the complicated 3. Assume annual responsibility for the completion of the complicated FAFSA form (and, for an additional fee plus charges assessed by FAFSA form (and, for an additional fee plus charges assessed by CSS, we will complete the Institutional Profile form if required by any CSS, we will complete the Institutional Profile form if required by any college being applied to, as well as the required Profile Registration) college being applied to, as well as the required Profile Registration) and, at no additional cost, complete such other forms as may be and, at no additional cost, complete such other forms as may be required by individual colleges.required by individual colleges.

4. Provide a 4. Provide a “college search”“college search” that evaluates colleges you have specified that evaluates colleges you have specified and pinpoints others that offer the curriculum that fits your child’s and pinpoints others that offer the curriculum that fits your child’s career goal and a variety of other specified criteria, also identifying career goal and a variety of other specified criteria, also identifying those schools that historically have offered a combination of high those schools that historically have offered a combination of high monetary awards and strong educational valuesmonetary awards and strong educational values..

(continued)(continued)

Our Promise To You! Our Promise To You! (Continued)(Continued)

5. Help you negotiate with colleges that offer you unexpectedly low 5. Help you negotiate with colleges that offer you unexpectedly low funding. We obtain information from you to maximize the awards, funding. We obtain information from you to maximize the awards, evaluate the awards, and contact Financial Aid Officers on your behalf to evaluate the awards, and contact Financial Aid Officers on your behalf to improve those awards when desirable or necessary, in our judgment, improve those awards when desirable or necessary, in our judgment, while tracking progress.while tracking progress.

6. Provide you with SAT/ACT practice study guide along with software 6. Provide you with SAT/ACT practice study guide along with software produced by the Kaplan Learning Centers and guaranteed to improve produced by the Kaplan Learning Centers and guaranteed to improve test scores.test scores.

7. Review with you the 7. Review with you the “Student Aid Report”“Student Aid Report” you’ll receive from the you’ll receive from the government for accuracy and help you make any necessary corrections government for accuracy and help you make any necessary corrections of errors that might otherwise impede funding.of errors that might otherwise impede funding.

8. Help you complete all Stafford and Plus loan applications if these are 8. Help you complete all Stafford and Plus loan applications if these are awarded to you as part of the college funding package.awarded to you as part of the college funding package.

9. Provide you with a toll-free customer service number to call with any 9. Provide you with a toll-free customer service number to call with any questions or any problems you may wish to discuss.questions or any problems you may wish to discuss.

10. Provide access to a computer driven, comprehensive college and 10. Provide access to a computer driven, comprehensive college and career planning system.career planning system.

How Much Does All This How Much Does All This Cost?Cost?

Retail Price: $1495

*Seminar Special: $995 *In order to receive the Seminar Special pricing, we require that a family member fill out the seminar evaluation form

in its entirety. Then, set up an appointment to meet with us in the next SEVEN days. The form must be turned into the seminar presenter or one of his/her associates before you leave

tonight.

What's Next?What's Next?

1. Please Complete the Seminar Evaluation Form.

2. Turn in the Seminar Evaluation Form and Set Up an Appointment Date Today. Time is Limited!

We are Here to Help You !!!