Funding For College – College Funding Solutions That Financial Aid Officers Won’t Tell You About

So you need some real college funding solutions?I understand how you feel. In fact, I’ve been helping my concerned clients for years with unique ways to find funding for college. Let me share with you some of the college funding secrets the financial aid officers won’t tell you about.Using these secrets, you won’t have to spend your life savings just to send your child to college. Now don’t misunderstand me. I’m all for sending them off to college. But why not at least get all the financial aid money you can? After all, you have your own retirement to prepare for as well.You don’t think you qualify for financial aid? Think again. There are many ways in which people can arrange their finances so they will qualify for financial aid. Even if you think you make way too much, chances are excellent that you can still qualify for financial aid.You just need to use a few powerful college funding solutions secrets that will make a real difference to your financial health.What are these secrets? Let’s start with these two:1) Don’t assume you make too much money to get financial aid.This doesn’t sound like a secret, but it is. Most people who have accumulated any wealth at all have no idea that there are advanced ways to qualify for financial aid.After all, the financial aid forms are practically designed to make you believe you’re earning too much to be eligible for any free money. Yet there are ways to plan ahead and to fill out those forms correctly that may well make your child a prime candidate for financial aid.But don’t count on high school guidance counselors to tell you about it. They don’t know any of the secret strategies. As much as counselors care about kids, these strategies are really beyond the scope of their capability. If they could, they would tell you to…2) Transfer wealth from “countable” assets to “uncounted” assets.Only certain assets count as family wealth for determining how much financial aid your child can get. The trick is to transfer your wealth into assets that do not count against you for purposes of financial aid. One of those assets is Cash Value Life Insurance.Life insurance? Yes! It’s one of the best kept college planning secrets around. Here’s how it works:You “overfund” your cash value life insurance (the traditional variety). This will allow its value to accumulate on a tax-deferred basis. You’ll also be able to withdraw the money tax free later. If you choose your life insurance policy carefully, you can get safety with a decent rate of growth. And if your child ends up not going to college, the money will basically translate into tax free retirement funds — for you.And here’s the big bonus for this college planning approach – you get all that extra life insurance protection as part of the bargain!