Register here: https://bit.ly/43DwSUV
Date & Time
Apr 10, 2024 05:00 PM in Central Time (US and Canada)
Description
If you’re a parent, you may be worried about how you’re going to pay for college.
If you:
❌ have money saved for college, but it’s not enough
❌ make too much to qualify for need-based financial aid
❌ are concerned about balancing college and retirement
In this webinar, we will share how we help parents lower the cost of college, on average, by $50k-$100k (FYI – some save $200k), thereby minimizing or even eliminating the need for parent loans.
Here’s why that’s important. If you overpay for college and have to take out loans to cover it, you’ll have loan payments for years after college that will reduce the amount you can save and invest for retirement. And that can cost you over a million dollars over your lifetime.
Here’s an example. A 45 year old couple takes out $100k in loans ($25k/yr). They’ll have a monthly payment of around $1250 for 10 years (standard repayment plan). By the end, they’ll have paid $150k. $50k of that is additional interest. If instead of making loan payments, they invested $1250/month for 10 years, their money would have grown to over a million dollars by the age of 70. That is The Million Dollar College Mistake.
Parents have 3 main problems. They: (i) are financially under-prepared (ii) have limited options, and (iii) suboptimal solutions We will share our six step process for building a comprehensive financial plan to lower the cost of college and maximize your retirement.
