The ROI of College and Major Changes You Should Know!
Thursday, September 28, 2023
2:00 PM – 3:00 PM MST
Location: PCC: North 121
CE: 1 CFP CE Credit(s)
Complexity Level: Overview
The SECURE Act & CARES ACT introduced significant changes to the college financial aid process in 2023 that require new planning strategies for parents and grandparents.
New this year are rules on 529 plans and other college contributions, how multiple students in college are treated, financial aid for divorced families and more. Certain middle and upper income families will qualify for less financial aid as a result, and will need to plan differently.
Colleges have also shifted their admission and scholarship policies to favor certain criteria. With the price of college continuing to rise, does it still make sense?
Learning Objectives:
advise clients on the new college financial aid changes rolling out in 2023
develop new strategies to help clients effectively plan for college, maximize the amount of scholarships and financial aid they receive, and minimize the amount of debt
engage multiple generations of a family and if they have grandparent clients, offer value to children of those grandparents as a way to potentially gain them as new clients
