We had the chance to visit with Scott Stolz, Senior Vice President from Raymond James, and discuss something that is on many clients minds: Social Security. Scott chose to first take us through an understanding of how Social Security actually works. As you probably see, Social Security takes money from your paycheck.
In our prior videos (College Planning), we have talked about ways to reduce the cost of education through AP course, college selection, and scholarships. Assuming you have done that and still have a shortfall, you are probably moving on to methods of obtaining financial aid. Today we are going to talk about the $150 billion in federal aid that the US Department of Education offers to 15 million students each year. The aid is provided in the form of grants, work-study, and loans.
In our first college planning video, we highlighted advanced placement credits, college selection, and military scholarships. Today we are going to talk about other scholarships: athletic, academic, and community/specialty/employer scholarships.
Does the potential cost of college have you worried? Today we are going to talk about ways to plan for college costs. There are several ways, but we are going to focus on 3 that I think you can control. This is near and dear to me as I have 6 kids, with the first one just entering her 2nd year of college. Possibly 5 more to go, so I appreciate any avenue to save money while still getting a good value in this area.