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College Planning

College Bound=Financially Strapped

 

A College Education for our children…most of us realize that this is one of the steps toward opportunity. We hope; we dream. Perhaps you are saving toward this goal. Are there other steps you could take? Is it important how your assets are allocated? Are some assets “friendlier” than others for financing college expenses? Please take a moment to watch this brief video and contact your Security Mutual Life insurance advisor for more information. Your dreams can become a path to your children’s opportunities.

Video Transcript

Parents wish a happy, successful life for their children. Many hope that their children will go to college as a step in the right direction, and they think about how they can guide their children toward that dream. However, few really plan for that day. So when the time comes and their child is college bound, the parents are often feeling financially strapped.

Planning for college is more than finances. In fact, you are planning for a life-altering event for your child and for you. It often means a change of location for the student, a change in friends, and a change in lifestyle, even a change in attitude. It’s a whole new world, and good preparation will enhance your child’s opportunity for success.

Where do you as a parent begin? What types of information do you need beyond visiting campuses, talking to guidance counselors, and comparing tuition fees?

The FAFSA is the Free Application for Federal Student Aid. Any student or prospective student who wants to be considered for available student aid must complete and file a FAFSA. The FAFSA is used to determine how much and what type of aid the student is eligible for, including scholarships, grants, low-interest loans, and work-study programs after taking into consideration specific assets and other financial information of the parents and student.

If the student is a junior or senior in high school, what strategies are available to this family? Ideally the goal would be to maximize financial aid and conserve family resources as much as possible. The strategy at this late date may involve a repositioning of the family assets.

Wherever you are in the planning process for your student, there are options. Security Mutual Life Insurance Company of New York has alternatives for you to consider. Contact your Security Mutual life insurance advisor. There is help getting through the process. We want to see your child college bound while loosening your financial straps.

College Bound=Financially Strapped

 

A College Education for our children…most of us realize that this is one of the steps toward opportunity. We hope; we dream. Perhaps you are saving toward this goal. Are there other steps you could take? Is it important how your assets are allocated? Are some assets “friendlier” than others for financing college expenses? Please take a moment to watch this brief video and contact your Security Mutual Life insurance advisor for more information. Your dreams can become a path to your children’s opportunities.

Video Transcript

Parents wish a happy, successful life for their children. Many hope that their children will go to college as a step in the right direction, and they think about how they can guide their children toward that dream. However, few really plan for that day. So when the time comes and their child is college bound, the parents are often feeling financially strapped.

Planning for college is more than finances. In fact, you are planning for a life-altering event for your child and for you. It often means a change of location for the student, a change in friends, and a change in lifestyle, even a change in attitude. It’s a whole new world, and good preparation will enhance your child’s opportunity for success.

Where do you as a parent begin? What types of information do you need beyond visiting campuses, talking to guidance counselors, and comparing tuition fees?

The FAFSA is the Free Application for Federal Student Aid. Any student or prospective student who wants to be considered for available student aid must complete and file a FAFSA. The FAFSA is used to determine how much and what type of aid the student is eligible for, including scholarships, grants, low-interest loans, and work-study programs after taking into consideration specific assets and other financial information of the parents and student.

If the student is a junior or senior in high school, what strategies are available to this family? Ideally the goal would be to maximize financial aid and conserve family resources as much as possible. The strategy at this late date may involve a repositioning of the family assets.

Wherever you are in the planning process for your student, there are options. Security Mutual Life Insurance Company of New York has alternatives for you to consider. Contact your Security Mutual life insurance advisor. There is help getting through the process. We want to see your child college bound while loosening your financial straps.

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