How To Give Your Child A 4-Year College Education Without Going Broke: by Carol M. Klamo (books for new readers txt) 📕

ABOUT THE AUTHOR

Carol Klamo is the leading college funding expert in Daytona Beach, Florida.

Since Carol started her local college funding business, she has helped hundreds of parents to send their children to college without spending their life’s savings or mortgaging their house to the hilt!

Carol is a highly sought after speaker and media favorite with her insider’s secrets on how to legally beat the high cost of college.

Carol makes her home in Edgewater, Florida with her spouse, Tom Klamo. She has 5 children, 2 of which are still completing their college careers. She is a firm believer that any parent, regardless of their background or financial circumstances, can send their child to college if they know how to play the financial aid game properly.

For more information concerning upcoming college funding workshops or to schedule an appointment for a FREE financial aid consultation and “College Readiness Review”...

simply call (386) 236-9944 or visit her web site at http://www.collegefundingstrategies.org.


Copyright Notice

2009 College Planning & Funding Strategies, LLC

All rights reserved. Licensed affiliates of the CASH, Inc. are authorized to use these materials pursuant to the licensing agreement with CASH, Inc. License is granted to individually registered and paid affiliates only.

Any unauthorized transfer of license, use, sharing, reproduction, or distribution of these materials by any means, electronic, mechanical, or otherwise is strictly prohibited. No portion of these materials may be reproduced in any manner whatsoever, without the express written consent of the publishers.

Published under the Copyright Laws of the Library of Congress of the United States of America,
By College Planning & Funding Strategies, LLC.
927 Beville Road, Suite 111
South Daytona, Florida 32119
Phone: (386) 236-9944
Fax: (386) 236-9945
Email: [email protected]

Legal Notices

While all attempts have been made to verify information provided in this publication, neither the Author nor the Publisher assumes any responsibility for errors, omissions or contradictory interpretation of the subject matter herein. First written in 2009, the information contained within has been updated to reflect the standards for the 2011-2012 school year.

The publication is not intended for use as a source of legal or accounting advice. The publishers want to stress that the information contained herein may be subject to varying state and/or local laws or regulations. All users are advised to retain competent counsel to determine what state and/or local laws or regulations may apply to the user's particular business.


*The purchaser or reader of this publication assumes responsibility for the use of these materials and information. Adherence to all applicable laws and regulations, both federal and state, and local, governing professional licensing, business practices, advertising and all other aspects of doing business in the United States or any other jurisdiction is the sole responsibility of the purchaser or reader. CASH College Funding, Inc. and College Planning & Funding Strategies, LLC assumes no responsibility or liability whatsoever on the behalf of any purchaser or reader of these materials.

IMPORTANT!
READ THIS FIRST!

Dear Parent,

Your decision to get this book is probably going to turn out to be the smartest financial move you've ever made!

As you're about to discover, this book totally delivers on every single promise I've made in my advertising. Not only that, every money-saving idea and strategy you are about to read has already been tested and proven to work. These ideas have already saved parents just like you, $1,000's, and in some cases, $10,000's of dollars on their children's college educations.

Consider This

: The secrets revealed in Chapter #1 will show you how to avoid making the 10 deadliest mistakes most parents make when applying for college funding.

And This

: The secret in Chapter #6 will reveal the 8 vital questions you must ask colleges before applying for financial aid. (Failure to ask any one of these questions could cost you a fortune!)

And This

: The secrets revealed in Chapter #9 will show you how to negotiate the best possible financial aid package for your child. (Yes, you really can negotiate with colleges and get $2,000 - $5,000 more per year

just by knowing how to do this!)

And This

: The secrets in the other remaining chapters should remove almost every other mental or financial roadblock that has prevented you from thinking you can afford to send your child to the college of their choice.

Now Listen

: Somewhere along the line, you're going to realize the information in this book is literally worth thousands of dollars

, and you're going to wonder why I'm revealing all of these inside secrets for FREE

.

The reason is rather interesting. You see, I offer a fee-based college financial planning service that helps parents send their child to the college of their choice without spending their life’s savings.

And guess what? In spite of my fee, almost every parent who becomes a client of mine decides to have me help them for all 4 years their child is in college, and many of them end up using my services for all of their children, and referring me to all of their friends and relatives.

Why, you ask? Simply because my college funding service saves parents anywhere from $10,000 - $40,000 per child

on their college costs!

However, sometimes a parent has to "sample the merchandise" before they can tell how valuable my services are, and not everyone is willing to use my service unless they have already seen some of my information. Therefore, I've decided to include some of my best college funding ideas and strategies in this book so you can discover for yourself just how valuable my information really is. And then, after you've read the rest of this book, you'll discover in Chapter #14, how you can become a client of mine and also...

How To Send Your Child To The College Of Their Choice Without Spending Your Life’s Savings...GUARANTEED!

Anyway, it's up to you. Even if you decide not

to use my college funding service, you will still have received the bargain of a lifetime getting this book for FREE. And, on the other hand, if you're truly serious about sending your child to the college of their choice without

spending your life's savings, you may very well decide to use my college funding service so you can also save $1,000's of dollars per year on your child's college education -- GUARANTEED!

Yours In College Funding Success,
Carol Klamo

P.S. You'll benefit more if you read this book straight through from beginning to end instead of "hopping around" from one section to another. Enjoy!

Chapter #1


“The 10 Deadliest Mistakes Most Parents
Make When Applying For College Funding--
And How To Avoid Them...”

We’re going to start by talking about the 10 deadliest mistakes almost every parent makes when trying to get money for their child’s college education.

If you make any one of these mistakes, it could end up costing you thousands or even tens of thousands of dollars in lost funding that you might have been eligible for.

I don’t want to see you making these mistakes if you don’t have to. That’s why I’ve decided to devote this chapter to teaching you how to avoid these common mistakes and make sure you get the maximum amount of money from every school your child applies to.

So, without further ado, let’s discuss...

“The 10 Deadliest Mistakes Most Parents Make
When Applying For College Funding...”

Here they are:

Mistake #1:

Most middle and upper-middle class parents assume they won’t be eligible for financial aid because they own a home and make over $60,000 per year.

Reality:

Most families with incomes ranging from $60,000 - $100,000 per year who own homes are eligible for some form of financial aid. There is over 169 billion dollars available each year from the Federal Government, the states, colleges and universities, and private foundations and organizations. You just have to know how to get your “fair share”. Unfortunately, most parents give up before they even start and assume they won’t be eligible. This is exactly what the government hopes you will do so they can keep more of these funds. Don’t make this mistake! If you fall into this category, make sure you apply; you’ll probably be eligible for SOME money.

Mistake #2:

Focusing your time and energy on a private scholarship search instead of spending your time trying to qualify for “need-based” financial aid.

Reality:

Private scholarships make up only 3.7% of the money available to you to help pay for your child’s college education. The other 96.3% comes from the Federal Government, the state you live in, and the colleges and universities your child is applying to. Therefore, you are much better off spending your time and energy going after the 96.3%, rather than spending your time on the 3.7%.

Mistake #3:

Assuming only minority students, athletes, and academically gifted students get financial aid.

Reality:

Nothing could be further from the truth! “Need-based” financial aid is solely awarded based on “financial need” which is calculated by taking the cost of attendance at a school and subtracting the family contribution (which is the minimum amount the government feels you can afford to pay based on your income and assets and your child’s income and assets). Whatever is left over after you subtract these two numbers is your “financial need” or eligibility for financial aid at a particular school. If you haven’t noticed, this has nothing to do with a student’s ethnic background, athletic ability, or grades. It’s purely based on this simple formula:

COA (Cost Of Attendance) - FC (Family Contribution)
= FN (Financial Need)

Mistake #4:

Picking colleges and universities without paying attention to where your student lies in comparison to the rest of the student body.

Reality:

To increase your chances of getting the best possible financial aid packages, it is imperative that you pick schools where your child lies in the top 10% of the incoming freshman class with respect to their GPA and SAT/ACT scores. Although schools give financial aid based on your calculation of “need” at their school, they will definitely give preferential packaging (i.e., more FREE money, less loans) to students who lie in the top 10% of the incoming class. The reason they do this is to attract the better students to their school. Use this to your advantage and apply only to those schools where your child would fit into the top 10% category.

Mistake #5:

Assuming all schools are created equal and will be able to give you the same amounts of money.

Reality:

All schools are not created equal and will not be able to give you the same financial aid packages. Some schools are well endowed and get a lot of money from alumni and corporations. These schools have more money to give out and are generally able to meet most or all of a student’s financial need at their school. Other schools, like state universities, get no private funds and rely solely on state and Federal funds to help