A Look into College Funding Solutions to Minimize Student Loan Debts

Facing a ton of student loan debt obligations is quite the horror story that college graduates tell their young peers. Thankfully, some students who still have a few years to go before they set foot in college are taking heed of the warning. Together with their parents, they make an effort to plan ahead of time. Parents and college-bound kids can look into alternative solutions for college funding, such as merit-based scholarships, with the help of college funding specialists like John McDonough of the Studemont Group College Funding Solutions, LLC.

Unfortunately, only a few organizations offer full-tuition scholarships. This means that even if students get approved for a merit-based scholarship, they still have to get additional funding to cover the rest of the education costs. The bad news is, the most accessible option is a student loan.


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How College Funding Services Help People Get Merit-based Scholarships

Completing application requirements is a tedious process, and a student needs all the help that he or she can get. The student can rely on college planning specialists like John McDonough and team from Studemont Group College Funding Solutions LLC. College planning professionals can expertly determine a student’s eligibility for merit-based scholarship programs and help out in whatever is lacking, like how to craft a good request letter for recommendation from a previous teacher.

A college education will forever be a priceless asset. With this development in scholarship programs, though, students have no choice but to go with the flow. Thankfully, they can achieve their goals and win a scholarship with the right guidance from professionals in the college planning field.

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Getting Free Money for College is Possible through Proper Planning

Parents and students that go through the financial pangs of college understand the benefits of a college degree to a student, as higher earning jobs and opportunities come to those who bear degrees. However, budget establishment, loans, and changes in financial aid are some of the greatest financial problems they have to face.

Parents and students can avert financial disaster by proper planning and working, but nothing helps better than a well-thought out financial plan for the future. Techniques and plans from a reputable advisor like John McDonough of Studemont Group College Funding Solutions LLC can help parents and students alike save money for college.

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Effective College Financial Planning Helps Students Cope with Changes

If the idea of a performance-based funding pushes through, this means that students who want to pursue a certain degree may have more difficulty paying the necessary fees compared with others who take a degree that the market demands. The possibility of such a situation emphasizes the need for a proper college financial planning scheme for students who want to go to college.

Collegiate education is an important experience for a young person who wants to gain success, as a solid college education equips him or her with the proper knowledge and expertise to thrive in the field he or she wishes to join after graduation. It also develops the student’s interpersonal skills, another important trait to acquire when he or she faces the world.


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Expert College Funding Advisors: What Savings Plan Will Work For You?

The Coverdell Education Savings Account (CESA) is a special trust account like 529s in the sense that the earnings are tax-exempt. Parents can save stocks or bonds under the account and can even withdraw money for elementary or high-school expenses without tax penalties. However, taking this option requires thorough deliberation with an advisor. Williams states that a savings account holder cannot put in more than $2,000 a year, even if he or she opens at least two CESAs.

There will always be a way to save money for your child’s college education and the abovementioned strategies are among the most notable. Meeting up with top college funding specialists such as Studemont Group College Funding Solutions LLC can help shed light on the possibilities.

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College Financial Advisors: Helping Parents Plan for College Way Ahead

Parents whose daughter or son is about to start college next semester have enough reasons to worry. A top education marketing company found out in a new study that college graduates of 2014 will have amassed the highest debts, on average, at $33,000 per head or at least twice the average amount 20 years ago, considering inflation. Parents whose children are in their junior or senior high school should, therefore, approach skilled college financial advisors, such as Studemont Group College Funding Solutions LLC, for advice on how to land a good school for their kids without incurring that much debt.

There are numerous savings plans geared towards college students, but they do not usually come into play until late in high school. Thirty states are already giving parents additional saving power by allowing them to reap their income tax deductions as contributions to their savings plans. Doherty notes, for example, a proposal by MA State Sen. Eileen Donoghue to program tax deductions of up to $5,000 for plan contributions.

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