Paying For College

Paying for college
This critical session shows you how to best pay your share of the bills using savings, income and loans, making sure to keep any tax benefits by making payments from the right sources. We look out over the entire college career. This session includes advice on creating 'Tax Scholarships' for those with incomes over $160,000/annum.

I will show you:

• What you will have to pay
• When to use savings
• When to use loans
• What tax benefits to expect
• Identifying out-of-pocket costs
• Taking the final decision on which college to select
• College payment plans
• Available types of tax credits and deductions
• Potential 'Tax Scholarships'
• How to be eligible for a $2,500 tax credit
• Your family's sources of money for college
• Using savings correctly and how to pay from 529 plans
• Maintaining tax advantages (Coordination Rules)
• Using your income to pay as much as possible
• Use of the different types of education loans
• Planning for all four years
• Long Term Planning
• Minimize affect on retirement
• Strategy for the last college year
• Recovery phase