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Frequently Asked Questions
1. Why should we consider paying for college funding planning? Working with a college funding specialist can make you aware of planning tips and strategies most people are not aware of that can result in you saving thousands of dollars in college expenses. We believe it is very valuable to have an objective advocate working on your behalf to bring up ideas and perspectives you may not have thought of. In addition, the services that Fox College Funding provides are set up to relieve you of the stress and anxiety that is typically associated with college funding decisions and deadlines. College has become the second-highest expenditure for many families─second only to the purchase of their home. Would you pursue a real estate purchase without being fully informed of the information necessary to make the most beneficial decisions regarding your investment? The process of how you handle paying for college should be no different. There is crucial information you need to know about the college funding process. Utilizing a combination of little-known strategies can tremendously benefit your individual family. Professional advice can save you thousands. The bottom line? Would you be willing to pay between $995 and $1995 to have the college funding process taken off your shoulders so you can relax and save an average of $20,000 to $40,000 over four years on one child's college expenses?* If your answer is yes, then a Fox College Funding custom plan may be for you! * Planning results for any particular family will depend on the family's individual circumstances. 2. What type of family would most benefit from this type of planning? If you are an upper-middle to high income or high net worth family with a college-bound high school student, you would most benefit from the planning that Fox College Funding provides. We cater to families who typically would not qualify for much or any need-based financial aid (aid awarded according to the family's income and assets). If you are a family who aims to be proactive with the college funding process, kept up-to-date on cutting-edge information, and have a professional team assist you in creating a customized plan that can reduce your family's college expenses by thousands of dollars, then Fox College Funding may be for you. 3. I already work with a financial adviser (or CPA.) Can't my adviser do this type of planning for me? Typically, the answer is no. There are a very small percentage of financial advisers or CPAs that are trained in the late-stage college funding niche. For instance, a physician who is a general practitioner would not think of trying to perform heart surgery on a patient─the procedure would be referred to a specialist. The analogy is similar in our specialty. Most financial advisers and CPAs are unfamiliar with this type of planning. We receive regular referrals from other financial advisers and CPAs who appreciate our specialization and client services in college funding planning. They believe our services add a lot of value to the services they are providing to their clients. 4. We make too much money and won't qualify for financial aid. What type of planning can you do for us? We specialize in helping families who normally would not qualify for need-based financial aid. Our planning involves creating a customized plan for your family utilizing a combination of academic, financial and tax planning strategies that can lower your college expenses by thousands of dollars. We can show you how to pay for college with pre-tax dollars. It is not unusual for us to save a family an average of $20,000 to $40,000 over four years for one child.* For the affluent family, we are most known for our signature college funding tax strategies that create "tax scholarships" to pay for college. A tax scholarship is any newfound tax deduction that creates money you can use to reduce the cost of college. Unlike financial aid, the higher your income and tax bracket, the greater the benefit of any tax strategy or tuition discount because it's gross income that you don't have to earn to fund college. In essence, the IRS can pay a big piece of your college expenses! F ox College Funding utilizes a team of CPAs that supports our consultants who are specialists in using the tax code to identify tax strategies to create tax scholarships for paying for college. This type of planning is not known by most CPAs. An example is available for your reference by accessing our case studies. * Planning results for any particular family will depend on the family's individual circumstances. 5. Do you help find grants and scholarships for our child? Yes, we do help your student find grants and scholarships. First, you should know there are three types of grants or scholarships. There are those awarded by the federal and state government, which are mostly need-based, those offered by the colleges and universities, and private scholarships that are offered by clubs, foundations, and corporations, etc. We attempt to help a student qualify for as many opportunities as possible. This involves employing a combination of academic and financial aid strategies. We also coach your student on how to find private scholarship opportunities and provide the exceptional workshop The Secrets of How to Win Private Scholarship Money. Click here to find out what a college funding consultant can potentially do for your family. |
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