College Planning Analysis
Saving for college can be a daunting prospect. All sorts of wild and scary numbers are thrown around about future college costs and how much you need to save and there is plenty of misinformation regarding which vehicles are best for saving, where and how to save, the role of the FAFSA and CSS forms etc. Your Anglia Advisors CERTIFIED FINANCIAL PLANNER™ professional will present a concise report based on educated assumptions about costs and rates of return to show annualized cash flows, how much of the cost of attendance it may be wise to plan to cover, the timelines involved and, maybe most important, what the correct level of monthly or annual savings is recommended to cover the anticipated required amount given the client's particular, individual circumstances.
The service is offered at no cost to our Plus Financial Plan clients, at a discounted rate to our Classic Financial Plan clients, Hourly-Based Session clients, Foreign National Consultation clients, Student Loan Repayment Optimization clients and Professional Portfolio Management Only clients and to anyone else as a standalone one-time project for payment of the one-time fee shown below.
At the heart of this service is information on the estimated future costs of attendance (tuition, room/board, books/materials, college activities, personal expenses, including travel etc.)of any type of college or any specific institution prepared by your dedicated CERTIFIED FINANCIAL PLANNER™ professional, including a time-lined annualized cash flow demonstration lasting from now until college graduation and the amount likely required to be saved on monthly basis to reach the appropriate level of funds in the future, calculated using educated assumptions about current and future costs, inflation and rates of return.
The report can be customized not only to take account of the child’s age, type of school and extent of associated costs but also of the proportion of cost of attendance parents may wish to cover (100%, 70%, 50%, up to the level of the cost of state college etc.) It will also include invaluable information and bonus resources on the subjects of what is the best vehicle to use to save for college, what are the tax benefits available and a general explanation of concepts like the FAFSA and CSS forms, how financial aid and the Expected Family Contribution are calculated etc.
Important note: As a Registered Investment Advisory firm, Anglia Advisors is not permitted to give direct tax or legal advice, but is permitted to broadly describe the tax or legal landscape in which the client may be operating.
FEATURES AND PRICING
The customized report is priced per family with analysis of up to three children available per report. It will be sent via email. Your CERTIFIED FINANCIAL PLANNER™ personal finance consultant will be available for a phone call of up to 15 minutes following receipt of the report, if required, in order to explain or clarify parts of the report. Although the report will address information concerning forms such as the FAFSA and CSS, this engagement does not include any direct assistance with the completing of these forms.
ANGLIA ADVISORS: Classic Financial Plan clients, Hourly-Based Session clients, Monthly Membership clients, Foreign National Consultation clients, Student Loan Repayment Optimization clients, Hourly Project Work clients and Professional Portfolio Management clients are all eligible for a 10% discount on this service.
WEWORK: Existing WeWork members (Hot Desk membership and above) and WeWork employees are eligible for a 10% discount.