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College Money System.com Dusty Rollins

What is the Problem?Economy

Boomers working longer

Student LoansAbout to pass $1,000,000,000,000

Last 10 years grew 500%, consumer debt grew 100%

Student loan debt greater than credit card balances

Career and MajorsMany students don’t pick marketable majorsJust getting the college degree isn’t what it

used to beMc Jobs and heavy debtLaw students suing their alma mater for lack

of jobs

Rising TuitionLast 10 years – College costs have gone up

right at 100%...

What else has inflated this much in 10 years?

Cost of AttendanceAverage Public ---

Average Private ---

Many times you can go to Private for same out of pocket as Public

COA $19,830

Bright Futures and Pre Paid ---About $7000 to $8000Where does the other $12,000 per year

come from?

Bright Futures now requires FAFSA

The Question is…Where are you going to get the money?

If you have the money to pay,

Would you like to know how to save more and not get ripped off by the colleges?

Colleges and GovernmentThey are not on your side…it’s a business

Enrollment Management

Inflated value of their degree

Recruiting out of state students –bigger tuition

Financial AidMerit

Need based

Debt

Job

Expected Family ContributionEFCParents income and assestsStudents income and assetsAmount above EFC --- lots of debt and job

Amount below EFC --- where are you going to get the money and the CashFlow?

Why I do what I do…PARENTS Govt burden, Parental care,Retirement, debt & CashFlow, lifestyle

True COA…5 years to graduate

Poor job market, low paying jobs

Change major or change schools

The BIGGEST single expense in paying for College is…..The IRS…..They are your partner in everything you do!When you pay for college, most people pay

with AFTER tax dollars….If you need to come up with $200,000 for

college and you are in a 33% tax bracket.You must earn $266,000 just to pay the

$200,000

The Second BIGGEST expense in paying for College is….OPPORTUNITY COSTSVERY few financial experts even know about

this concept, let alone how to STOP it!!!Every dollar you spend, you never get back.

And you lose the dollar and WHAT the dollar could have earned IF you had it invested

Credit Cards

Credit card balance $10,000 Credit card interest rate 18%Investment Rate of Return

Opportunity Costs

Amount of interest you payYear 1 20 40$1972 $39,433 $78,866

Potential had you been able to invest the Interest

$1972 $90,226 $510,767

How will you pay for College?

And

How will you manage the CashFlow?

Cash(flow) is King…In business, often CashFlow is more vital to

keeping things running than lump sums of money.

Wal Mart has BK’d companies because the companies couldn’t keep up with them, CashFlow wise…

If you have strong CashFlow, you can survive just about ANYTHING!!!

Four Areas we work on with Parents, Grandparents, and Students

1. Student Planning

2. Income Planning

3. Asset Planning

4. CashFlow Planning

Student PlanningMatch the student to career, career to major,

major to college….MCP – values based career planningApplywise – structured process for

admissionsACT/SAT prep – the right coursesStudy skills for college – transition from HS

to College

INCOME PLANNINGFinancial Aid is income basedTaxes have a huge impact on costsMake sure you have your finances structured

in the best way to take advantage of all the Financial Aid possibilities…

Our strategies work with YOUR tax advisor or you can get a second opinion from ours.

ASSET PLANNINGIf your assets are in the wrong vehicles, they

can count against Financial Aid and cost you big bucks!

There are legal ways to structure your assets so that you aren’t punished by Financial Aid

CASHFLOW PLANNINGPay off debt in half the time, with little

change to your lifestyle

Save thousands of dollars in interest charges…and remember, when you save a dollar you didn’t have to pay out, you keep the dollar and EVERYTHING that dollar can earn for you….

Simple SOFTWARE --- over $3000 value

Who can help you with all this?CPA, Financial Advisor -- why haven’t they already

helped you figure this out?

Guidance Counselor -- they are good people, just over worked and NOT trained in finances

Colleges – Enrollment management, award letters appeal

Government – Federal loans are driving up the costs of college (bubble just like RE market)

Irresistible Offer only for Ari’s friends and clients…One to one coaching process….Fill out a quick survey….then

Talk for 1 full hour, with me not an assistant.

You get a plan, next steps, and areas to focus

CF software ($3000 value!)

What You Get…You will get a plan worth much more than the

cost…

You can’t learn what I know for less than I charge….

After we talk, you will see the value and you will know if it is right to go own the next step with me.

Start now…DIY --- the more you know, the less you pay2 paths --- kids 14 and under

kids 15 and overThe younger your kids, the better it is….

It is never too early to come see me and it is NEVER, NEVER too late…

Your Money Back!I can show you how to set up a TRUE college

savings plan that allows you to pay for college.

And then over time, get ALL YOUR MONEY BACK !!!

It is not Free, but you get your money back!