1. College
Planning
Strategies
A financial education workshop hosted by:

2. Brannon Lloyd
Houston Metro Director for The Foundation for Financial Education
So here’s the roadmap for the rest of this presentation. We’ll start by going over some of the changes and updates for Social Security in We will then discuss Social Security, it’s role in today’s retirement landscape, and why it is such an important resource for retirees. We will then talk a bit about how your Social Security benefit is calculated. You don’t need to be an actuary, but it is important to have a basic understanding of how the benefit is calculated so you can make informed decisions as you approach retirement.
We will then discuss the timing of when you file for benefits. The date of your filing plays a big role in your benefit amount and how much you receive in total benefits over the course of your retirement. We’ll then discuss your retirement income strategy and a few ideas to help you protect your income.  

3. The Application Process
How We Think the Application
Process Works I

4. The Application Process
How It Really Works
So how does understanding this process benefit you?

5. 4 Things You Need to Know Base Year – Tax Return Assessed
EFC - Expected Family Contribution
COA – Cost of Attendance I
Need – Aid Eligibility 1

6. The Financial Aid Formula
Cost of Attendance - Expected Family Contribution = Need
$20,000.00
$20,000.00 =
$0.00 -
$20,000.00
$40,000.00 -
$20,000.00 = I
Which School is Cheaper? 1

7. 3 Questions You Need Answered
ATG – Average Time to Graduate?
Percentage of Need Met? I
Percentage of Gift Aid vs. Loans? 1

8. Which School is Cheaper?
Cost of Attendance - Expected Family Contribution = Need
$ 2,000.00
$20,000.00 =
$18,000.00
$40,000.00 -
$10,000.00
$10,000.00
$40,000.00 -
$20,000.00 = I
School A = $22, Out of Pocket
School B = $30, Out of Pocket 1

9. Which School is Cheaper?
Cost of Attendance - Expected Family Contribution = Need
$ 9,000.00
$ 2,000.00
$40,000.00
$20,000.00 =
$ 9,000.00 -
$10,000.00
$10,000.00
$40,000.00 -
$20,000.00 = I
School A = $31, Out of Pocket
School B = $30, Out of Pocket 1

10. Myths Too Much $$$ Idiot Genius Easy 529 Plans $287 Billion
50% Federal (Mostly Loans)
30% Colleges & Universities
18% state
2% private scholarships 4

11. Financial Aid Forms FAFSA CSS Profile 5 Pages Much Like Filing Taxes
Same for Everyone
CSS Profile
18 Pages
Much More Invasive
Colleges Can Ask Custom Questions 5

12. 2 parents, 1 Senior, 1 Sophomore
What can you do?
2 parents, 1 Senior, 1 Sophomore
$237,000 AGI
Cash/investments
$60,000
$40,000
Home equity $0
529 Plan
$200,000
$220,000
$100,000
Smith Family
Jones Family

13. What can you do?
These are Complicated Forms
How You Fill Out Your Forms Has a Significant Effect on Aid
(even “Merit” based scholarships)
Legally Control what the Colleges and Universities See
Comprehensive Planning vs Event Based Planning

14. Come In For a Planning Session
$49.00 Tax Deductible Contribution
!/2 of Proceeds Donated to St. Thomas Scholarship Fund
Look at EFC BEFORE the Colleges and Universities See Your Numbers
Fill out Evaluation Form and Pick a Date
The Foundation for Financial Education is the Nation’s largest and fastest growing Financial Education Non-Profit in the United States. F3E does not sell, endorse or recommend any product, company or individual. I

15. Questions? I