The College Funding Evolution

College planning and funding has become big business. And when big business is involved, economies of scale increase, efficiencies are created and competition evolves to capture market share. One of the key elements of big business in college planning is the aspect of training and education of financial advisers and insurance professionals. Many of these professionals already do some degree of financial planning and are acquainted with the tax code, financial product lines and their own experience in college.

Many of these professionals receive monthly coaching and advanced education about federal and state college loan programs, and they are also knowledgeable about individual colleges and universities that offer their own aid and loan programs. The need is apparent because borrowing has become a living nightmare for Millennials who charged their education and now are paying for their education over the next 10-15 years. Most Millennials had no expertise in college preparation or financial options to borrowing. The new and evolved college preparation is a game changer and a money saver.

Financial advisers and insurance professionals are learning the new system and are using college planning as their core competency moving forward. It’s a significant benefit for the communities that support these financial professional groups and permit them to use their school facilities. Now college planning is a full component of the financial planning process, including individual case design and proprietary college funding processes that can traverse the bureaucracy and accelerate the process.

Seminars are now available to introduce you to college funding experts who have the ability to draft a comprehensive college plan that includes financing, preparing for the SAT and ACT college entrance exams and applying to schools. You need a professional college planner to help you along the way. It’s your life. It’s your time. It’s your money.

^{John McDonough has contributed to this press release. Segments in part or whole are from his publications.}