Tag Archives: during

Planning For College During the Summer

For parents and students summertime is a time of vacations, no school, and great weather – generally an all around good time to kick back and relax. If you have a college bound student anytime in the next few years, there are some real opportunities that you are going to waste if you don’t do some active planning during the school break.

First, you should be clear that if you do not have a large six figure investment account set aside for college, if somehow the last 16 or 17 years flew by as did your good intentions for saving for your child’s education, then you are in need of “short-term” college planning. While this planning will even work for parents with kids already in college, ideally we like to see moms and dads of sophomores and juniors. I am always amazed when I get the question from the parents of Freshmen, Sophomores and Juniors if it is too soon to come see us for planning. My standard response is “I wish you would have come in 10 years ago- NO, IT IS NEVER TOO SOON!”
 
There is income planning, asset planning, and college aid profiling that can be done if you start today. With every passing day the opportunities for increasing financial aid may be passing you by. Summer time is the best time for parents of sophomores and juniors to be preparing for the strategies as many of these things need to be wrapped up before you base financial year starts.
 
Summer is also a great time to put your kids to work. If you have the opportunity to receive financial aid (if you don’t know, you better find out and DON’T ASSUME) your child can earn up to $ 2577 without negatively affecting your financial aid. If you are a Category III and will not qualify for financial aid, there are no limits on what the student may earn. Having your child earn money to pay for their incidental expenses is a great way to have them participate in this major expense you are about to incur for their future. Having some “skin” in the game may be a good way to see the importance of this nest step of their academic career. Use the 50-50 rule (or some derivation) which allows them to keep half for spending money today and half gets saved for college. This also instills wonderful saving disciplines that will last a lifetime.
 
This is also a good time for juniors to review test scores and academic short comings. Increasing SAT and ACT scores by even a couple of points can open up admissions to schools that may be out of reach with current scores. More schools mean more opportunity to find financial aid. There are great companies around that specialize in helping students improve their SAT and ACT test taking skills. It may be money well spent.
 
If working is not in your child’s summer plans, then volunteering should be. Remember schools are looking at the complete student picture, not just their academic prowess. Volunteering can certainly add value to a college application and may possibly give you opportunities for additional aid.
 
As you can see, while summertime is a great time to enjoy, it is also a great time to get your college planning in gear. Don’t let this time pass by without doing anything, because as you know, it will before you know it!
 
Sending children to college is a major life transition for families. For many it will be the most expensive time of their lives and if not handled properly, could cost them their retirement. Remember, you shouldn’t have to choose between your child’s college and your retirement.

Scott Moffitt is the President and CEO of Summit Financial Group, Inc. and Summit College Funding. He is one of the nation’s authority on short term college planning. You may visit his web site at http://www.summitohio.com

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How To Plan Your Job Career And Future During Your College Years

When you attend college, you have a career in planning. College enables you to do something with your life. College is where you get all the knowledge that you need to make something out of yourself and do something with your life. You will find that college is a great investment for the fact that you can do a lot more things afterwards. You will find that even though it is a lot of work, you are on a path to somewhere. You may not think that you have a career in planning, but college is the first step to going somewhere.

The second step to having a career is doing an internship. An internship, in college or out of college, is a great idea because you will be able to get hands on experience in the field. You will be able to get a clue on rather or not this is something that you would like to pursue. If it is something that you would like to do, you will find that you will be more prepared for your first real job in the career field that you have chosen. If you do not like interning then you can always rethink all of the things that you are capable of doing and that you are interested in during.

The third step to having a career in planning is to get comfortable with a company. You will find that if you really want a good career and a happy, stable life, you are going to have to do some time with a company. Your first company you may be with for a few years. Then you may end up getting a better offer or a more important job with someone else, however the time that you spent at the first job will be the reason why you are able to move up in the world.

The fourth step to having a career in planning is to think about the future. It can be years before you get to this step, but you will have to think about where you want to be in the future around retirement. When you get comfortable with a company and you make a commitment to one, you will find that you will then have a need to think about your retirement. This is where you may want to take up some of the benefits that your company offers to you. This could be stock or a retirement fund.

You will always have a career in planning because the demands of living will increase as you go further into your career. At the end of your career, you need to make enough money to last the rest of your life. If you retire at 65, you could have twenty or thirty years more to live, but you need to make sure that you will have enough money so that you can live comfortably. This is why you will always be planning your career options.

Visit Brian’s free website, http://www.CollegeStudentAdmissions.com and receive free college admissions help and learn how to get into your favorite college or university.

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Free college courses during high school? Yes, but some Minnesota schools still

Free college courses during high school? Yes, but some Minnesota schools still
Research shows that students who participate in PSEO or other dual-enrollment options are more likely to graduate from high school, to start and finish a higher ed degree, and to avoid having to invest in non-credit-bearing remedial courses upon …
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Report: Hoosiers, Purdue among Spike Albrecht's transfer options
… might do just that. ESPN's Jeff Goodman reported Monday that Albrecht, a graduate transfer from the Wolverines, is considering a host of schools at which to play college basketball next season, two of which are Michigan's conference rivals Indiana …
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What new college grads should know about work life
That is, it's non-negotiable, always due on the 1st of the month, and not paying it is not an option. Eviction is real, and showing up for work after sleeping in your car is not cool. Property managers use your gross salary to qualify you for an …
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