Education Fund Concept
Why it is important to go the best school possible?
Graduating from best college, you would make 57 times the tuition that you paid life time, while public college such as CUNY would only return you 23 times the tuition that you paid lifetime.
College Tuition Class of 2021
Private college tuition is ~$70K-$75K/yr and ~$300K for four years.
Public college tuition ranges from $30K-$50K/yr.
Tuition inflation is 4%-7%/yr, which means it doubles every 10-14 years.
If you have a child younger than 8 years old, you would need to prepare ~$500K for his/her four-year college. If you have 2 children, $1M college fund is necessary. Tuition is always a huge burden for middle-class families.
Common Misunderstanding
Normally, people said family income >$200K has no hope in financial aid, which is definitely not true. We've seen income >$1M/yr still get financial aid. But we've also seen income ~$30K/yr got no aid at all. Working with a professional in your financial aid/scholarship strategy is a key to maximize your chance.
Also, private school could cost you less out-of-pocket money than public school, too.
Most US college application is need blind, means financial aid application will by no means hurt your admission.
Princeton University Financial Aid Class of 2020
Family income <$180K will 100% get some financial aid, at least ~$39K/yr.
Household income >$250K, 27% get financial aid of ~$20K/yr.
University of Pennsylvania Financial Aid Class of 2020
Family income ~$200K, 90% of them get financial aid.
Household income >$220K, 30% get financial aid of ~$24K/yr.
Vanderbilt University Financial Aid Class of 2020
Family income ~$190K, 87% of them get financial aid. Some get only $10K while others get $47K/yr. Why are the same household income families so different?
Our Real Client Examples
1. Ms. L's 4-year Financial Aid Package
University of Pennsylvania The Wharton School 4-year Financial Aid Package
Our client, Ms. L entered U Penn The Wharton School in 2012. Her household income is ~$150K-$200K/yr in Kansas city. She got >$50K/yr financial aid and total $221K for four years. She only paid $34K for finish Wharton for four years.
2. Ms. Z's Financial Aid Package
Millionaire's Daughter New York University Financial Aid Package
Our client, Ms. Z entered New York University in 2014, majoring in film directing. Her parents are millionaires, with household income >$1M/yr. She got $30-$35 need-based financial aid (not academic scholarship) for the first two years.
3. Mr. K College Financial Aid Package
Our client, Mr. K's daughter was admitted to UMass, Boston University, Tufts University and U Penn in 2012. UMass's tuition was ~$30K for in-state resident, but only gave her $8K financial aid with $5K loan. BU, Tufts and UPenn are private colleges. All gave her >$40K/yr package, although their tuition were ~$60K/yr. Hence, no matter which school she chose, public or private, her family would pay $20K/yr. Her household income is >$250K/yr.
4. Mr. Y College Financial Aid Appeal
Our client, Mr. Y is a professor with household income >$200K/yr. His son was admitted to Yale University and got zero financial aid at the beginning. We helped him to appeal three times to Yale, and finally got $20K/yr financial aid.
Working with a Education Fund Strategy Professional makes a huge difference in your financial aid package!
College is the best chance to get financial aid & scholarship. Most graduate school has no aid at all.
Good package requires early planning. The earlier, the better. Take Action Today!
Your one decision will change your kid's whole future!