Are you concerned about the future cost of college?
Consider the following:
• The average four-year cost of a
private university is $140,000 • The average four-year costs of a public
university is $70,000
It is estimated that in 15 years…
• The average four-year private university cost will double to $280,000 • The average four-year public university cost will be $180,000
A daunting prospect? Are your retirement savings goals in jeopardy?
There are ways to reduce the cost of college and keep your retirement savings on track.
• If you are middle to low income, financial aid is available.
• If you are not eligible for financial aid, you can arrange your assets and income so as to let the Internal Revenue Code work for you
How do you do this, you ask?
This is where the Certified College Planning Specialist (CCPS) comes to the rescue!! Because of specialized training, rigorous certification requirements specified by the National Institute of Certified College Planners (NICCP) and experience the Certified College Planning Specialist (CCPS) can diagnose your unique situation, identify opportunities to reduce college costs, make recommendations, and assist you in putting strategies in place. A CCPS is a financial planner, even a CFP® who already has expertise in money management, but who possesses specialized knowledge and skill specifically applicable to college funding needs.
Here is just a partial list of ways the CCPS can help:
• Identify resources, grants, scholarships, college loans, federal loans,
alternative loans, admission issues • Discuss academic alternatives that save money • Recommend appropriate tax-advantaged savings programs • Maximize tax credits and deductions for college costs • Take advantage of the child’s tax capacity and lower brackets • Recommend income and asset shifting strategies to lower taxes • Tax advantage of retirement accounts • Utilize grandparent strategies What does a CCPS mean to you?
A complete financial strategy and plan to help insure neither your time nor your resources are wasted!! --------------------------------------------------------------------------------
The NICCP is the governing body which administers the Certified College Planning Specialist designation program. The mission of the NICCP is to educate, provide certification, ongoing support and assistance to those practitioners who are truly committed to the highest ethical standards and continuous professional education in the college planning marketplace. Please visit NICCP’s website at www.niccp.com.
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