3500 Oak Lawn Avenue,
Traditionally, planning for college had been limited to a parent or family member opening a 529 account to save for a college education. After high school graduation, the student pays for college with the 529 or earmarked college funds, in addition merit or need based scholarship, and fills in the gap with student loans. This type of planning has resulted in a rapidly rising student loan debt crisis of $1.6 trillion dollars. It’s time to change the current process and begin creating comprehensive college funding plans to maximize financial aid, minimize taxes, and save for a comfortable retirement at the same time. Simply put.. Traditional college planning does not work.