Financial Aid for College

Many of my clients come to me and ask about financial aid for college.  There are several college funding solutions that are available to parents and they are based upon several factors.  My practice revolves around asset planning strategies that allow your child, or children, to qualify for more funding for college,  based on transfering assets to "vehicles" that do not account for, how much funding your child can qualify for based on the Federal Methodology of income and assets.
The first consideration for college funding solutions, is obviously, borrow the least amount of money that you can to get your degree, and to pay the least amount of interest possible.  These rates are in the 3-4% range at the current time, but could easily increase to the 7-8% range over the next several years.  This in and of itself, could cost five thousand dollars or more just in increased interest rate payments for your childs education.
If you have been diligent in saving for your childrens education, and you have accumulated part of the amount needed, or all of the amount needed, you probably accumulated it in exactly the wrong vehicles to have your children qualify for needs based financial aid for college.  If  you accumulated education funds for college, another worst place to have accumulated those funds, is in your childs name.
I have studied hundreds of government documents, books, manuals, and formulas, and I have discovered the best way to be a college financial aid advisor, is to help my clients with the only two places that families can put money so that it doesn't count against them for college funding solutions.  The only two places that a family can put assets that will help them qualify for funding for college, is in life insurance and annuities.
I have helped many clients save for retirement.  The need became so obvious to help families with really any type of net worth, to help them pay for their children's college education, that I am well respected as a trusted college funding advisor.
I don't specialize in any type of private scholarship search service, but rather helping my clients increase their eligibility for needs based  college funding solutions, based upon tax favored strategies that while may not help with financial aid in all cases, it will help with sending your children to college for the lowest out of pocket expense, thereby getting the best education possible, and not strapping them with an unconquerable mountain of debt.
The primary objective of asset based financial strategies, is to reduce the overall value of the family assets, which will put your assets out of view in calculating financial aid formulas, as insurance products are currently EXEMPT from the Federal Methodology in calculating financial aid for college.http://www.401klifeinsurance.com/