Six Ways To Minimize College Costs and Maximize Savings For Separated and Divorced Parents9/25/2020
 The article atached was written by College Financial Prep and shared by both Divorceify and Recompose.Us.
https://blog.divorceify.com/2020/09/18/six-ways-to-minimize-college-costs-and-maximize-savings-for-separated-and-divorced-parents/ If you have questions, please contact CollegeFinancialPrep@gmail.com  As you're planning for college expenses, let's keep your piggy bank smiling!
During these trying times, and as always, College Financial Prep works with families of all shapes and sizes to help them save money on the cost of their children's college education. Since we all want the best college education for our children, we need to be mindful that the "best" isn't always necessarily the most expensive. For everyone who has been impacted during this Coronavirus pandemic, whether it be due to job loss or business loss, separation or divorce, or large medical expenditures, College Financial Prep is here to assist you with reducing college costs!  During the summer months, there are so many things for both the parents and the children to do now. For our High School students, there is college prep and strategic financial/cost saving work. For those entering college and even in college, it is time to acquire student loans for Fall semester. And everyone may need credit repair work to help improve their credit score for student loan acquisition (and so much more!) Most importantly, though, is not to get consumed by the process.
For our High School parents, I want to invite you (and your friends and your children) to join myself and Eleanora Ferrante from Square Peg Square Hole Coaching this coming THURSDAY 7/16/20 @ 7:00PM live on Zoom. We'll be discussing "The High School Senior's Summer To Do List!" (This is also great for families of rising Juniors who are looking to get a better understanding of the process!) Essays, Applications, Financial Aid Forms We'll discuss the steps you need to take now - from strategically creating the college list with an eye on merit scholarships to writing your essay. And, of course there will be time for a Q&A session!  It’s that time of year! Time to make sure that your child's student loans are in place before the fall semester begins. But, have you done all that you need to do before getting the loans?
Here’s a little primer to get you prepared…
 It's time to wish those with Rising High School Seniors, "Congratulations!" You've made it through a certainly crazy and unprecedented Junior year! It's now time for you and your child to strategically create your college list! So, you're likely wondering "What does that mean?" With College Financial Prep, not only do we look at schools that offer specific majors, sports, school size and geographic location, but we also find those schools that will likely offer your child merit aid. (Yes! Your child does not have to be a straight A student with a perfect SAT score to be eligible for merit aid!)
 I spoke with a new client yesterday who is a single mom. Her daughter’s dad is, unfortunately, mostly uninvolved. And now, the girl is a Junior in High School and planning to apply to college.
So the mom calls me and we begin to discuss why it is so important for her, and so many others in her position, to be strategic with the schools that she applies to. Here are just some of those reasons:  If you have a child who is headed off to college in the fall, this may be a better season than most to file an appeal and negotiate your financial award! If you are still undecided about which college to attend, now is the time to file or even re-file your appeal as colleges are eager to bring in students for this coming fall! (The one upside for parents of current High School Seniors due to a global pandemic.) While many schools typically will negotiate, not all do. And, it also depends on the reason for the appeal.
Due to the Coronavirus, many schools are now fearful of students opting for a gap year or of making an alternate decision that what was originally intended. (Read Inside Higher Ed article here.) Therefore, since the schools still need revenue to operate, they need to ensure that all seats will be filled.  Going through a separation and divorce is both emotionally and financially draining for all parties involved! Even in the best divorces, you are still dividing assets and now the two parents have to support two households on the same total income as when everyone lived harmoniously together.
In many instances, one parent earns significantly more than the other parent. While the lower income spouse should make every effort to live the best life possible by increasing both his or her income as well as savings, there is a great financial benefit that comes along with divorce when the children are preparing to enter or are already in college!  With College Financial Prep and Square Peg Square Hole Coaching, get your family and your student ready in high school and then be 100% prepared to apply to colleges and for financial aid come Senior year! Together, these two companies have teamed up to create a timeline that will provide your family with the needed information to keep you focused and on the right path. Click "Read More" below to see the timeline. And, if you should have any questions, please contact CollegeFinancialPrep.com or SPSHCoaching.com today!
 Right now, many families are scared, upset, confused and more... Not only about Coronavirus and Covid-19. Families are now also grappling with all things related to high school and moving onto college…
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AuthorCollege Financial Prep provides families with cost saving strategies, scholarship research and financial aid preparation. Contact College Financial Prep today at 516-225-5224! Archives
September 2020
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