The Financial Planner's Guide to College Funding Advice 102 - Advanced Strategies in College Funding - Peach New Media - Online Events by Peach New Media


The Financial Planner's Guide to College Funding Advice teaches a proven, step-by-step process for helping families manage their college-education investment. In the second part of this eight-module, self-study course, financial planners will take a deeper dive into the process and strategy around the College Pre-Approval process that identifies the client journey in college funding planning from budgeting and determining a maximum student loan amount, to reviewing and appealing financial aid offers, utilizing tax strategies and coordinating specific payments to the institution. In addition, the course provides real-world scenarios to analyze how to wisely manage assets and tax opportunities to maximize aid and minimize debt. A special FPA bonus section includes important updates since the new tax laws were implemented, as well as education on how to effectively serve college-bound families with more impactful and meaningful late-stage college funding advice.
 

Please note: Planners must complete the entire course (five modules and quizzes) to receive CFP CE credit.


Joe Messsinger, CFP®, is the course presenter and a leading authority on late-stage college funding and frequently speaks to organizations and parent groups, such as NAPFA, FPA, and XY Planning Network. He started Capstone Wealth Partners because of his struggles at large national firms to find and provide good financial advice,especially in the area of college planning. The large national firms seemed to focus on selling products to clients. After months of soul-searching, Messinger and his partner formed Capstone College Partners, an independent fee-only practice, with the intent of creating client relationships built on trust.
 

Level of Complexity:  Intermediate

Course Information
Course Date:
February 13, 2019
Course Objectives
  • Review the basics of financial aid policy and student loan process to help clients determine an affordable college, and appropriate student loan amount.
  • Create a family college budget to project a family's out-of-pocket cost at individual institutions, income and asset strategies to maximize financial aid offers, and cash flow planning for college.
  • Review how the new tax regulation impacts college planning strategies and tools including updates for EE Savings Bonds, Coverdell Education Savings Accounts, 529 College Savings Plans, education tax credits, education loan deductions, the Child Tax Credit, asset and income strategies, the Kiddie Tax, income shifting strategies.
  • Analyze Expected Family Contribution to help clients reduce EFC and increase need-based financial aid.
  • Identify eligible tax deductions and tax credits for education, reducing AGI and income to increase need-aid eligibility, and multi-generational tax planning strategies to reduce EFC, and coordinating 529 distributions.
  • Review types of loans available to students and their parents to determine funding options and loan-repayment plans, merit-based financial aid versus need-based financial aid planning.
Scholarships, Financial Aid Awards, and Choosing the Right School

Scholarships, Financial Aid Awards, and Choosing the Right School describes the process and strategy around the College Pre-Approval™ process, identifying the component steps of the client journey in college funding planning from setting a budget and determining a maximum student loan amount, to reviewing and appealing financial aid offers, and coordinating specific payments to the institution. You must watch the entire video to move to the next topic. You can find all resource materials for this topic here and will be able to return to this topic anytime as you move through the course. 

 

Scholarships, Financial Aid Awards, and Choosing the Right School Quiz

You must complete this quiz with a 70% or higher to move ahead to the next topic. 

Tax Strategies and Advanced Options to Cover the Shortfall

Tax Strategies and Advanced Options to Cover the Shortfall outlines tax strategies that mass-affluent and business-owner clients can implement to increase their college funding budget and widen the list of schools that students can attend without robbing clients’ retirement or taking on inappropriate levels of student debt. You must watch the entire video to move to the next topic. You can find all resource materials for this topic here and will be able to return to this topic anytime as you move through the course.

 

Tax Strategies and Advanced Options to Cover the Shortfall Quiz

You must complete this quiz with a 70% or higher to move ahead to the next topic. 

Practical Applications of College Funding Concepts

Practical Applications of College Funding Concepts describes how to implement the concepts taught in the Financial Planner’s Guide to College Funding, providing real-case scenarios that identify how to strategically manage assets, cash flow, and tax opportunities to maximize financial aid and/or students' College Pre-Approval™ amount. You must watch the entire video to move to the next topic. You can find all resource materials for this topic here and will be able to return to this topic anytime as you move through the course.

Practical Applications of College Funding Concepts Quiz

You must complete this quiz with a 70% or higher to move ahead to the next topic. 

Tax Cuts and Jobs Act Update - Exclusive FPA Bonus Content

Tax Cuts and Jobs Act Update provides an update on the topics taught in The Financial Planner’s Guide to College Funding in terms of how it is impacted by the new tax laws passed in 2017, including a close assessment of how new regulation impacts the tax-saving strategies and tactics. This video provides the most up-to-date information to the Tax Cuts and Jobs Act since there have been changes to the law. You must watch the entire video to move to the next topic.

Tax Cuts and Jobs Act Update - Exclusive FPA Bonus Content Quiz

You must complete this quiz with a 70% or higher to move ahead to the next topic.

5 Keys to Serving Gen X Clients with College Planning - Exclusive FPA Bonus Content

5 Keys to Serving Gen X Clients with College Planning shows planners how they can effectively serve college-bound families with more impactful and meaningful late-stage college funding advice.

 

5 Keys to Serving Gen X Clients with College Planning - Exclusive FPA Bonus Content Quiz

You must complete this quiz with a 70% or higher. Once you pass the exam, select the complete credit process button that will pop up on your screen and you will be redirected to your credit page where you can submit for credit. Credit is typically reported in 7-10 days after completion. 

Individual topic purchase: Selected
Financial Planning Association
CFP CE: 6.00
Products
Streaming
FPA Member Price:$349.00
Non-Member Price:$579.00