College Planning U is a dedicated group of financial planning experts focused on helping middle-class and affluent families pay for college.
Here is a message from Steve Turner, founder and CEO.
For the average family with two children, the cost of college can easily cost as much as a house. It's ironic because education is essential to our economy yet put's millions into financial crisis!
Our job is twofold. One is to help the students find the right college and vocation so they can graduate in 4 years. The average graduation rate is currently 5.6 years, which obviously adds a significant increase in the cost of college.
Second is to make sure parents can retire and protect their current assets from being spent down. It's important to understand that students can finance college, but parents can't finance their retirement. Our goal is to preserve your current assets and help you find ways to pay for college out of your current cash flow. This allows your assets to continue growing durring the college years.
Why Do We Focus On Middle-Class and Affluent Families?
In general, families that make a combined income above $60,000 will not qualify for financial aid at most state universities. In other words, they are the ones that need help the most! The great news however, is in 99% of the cases, there are strategies we can leverage to save parents money. Even if we only reduce college by $2,000, that's still $8,000 over 4 years! If we then reinvest that money, in ten years that money will be worth around $16,000! And in 20 years, that $8.000 is now worth $32,000. That's the power of what we do!