Here are some ways we’ve helped other families send their children to college — saving them thousands of dollars.

High Income And Assets: No Financial Aid

The Problem: This family’s income after deductions was $130,000 and they held assets of $150,000, mostly in an inherited stock portfolio.  The expected family contribution was $35,000 a year. Since the child applied only to California public colleges, the chances of receiving any gift aid were slim.

How We Helped: We explored non-financial-aid alternatives available to pay for the child’s college education costs, including taxes and cash flow.

The Result: The family will save $4,000 a year in taxes. And with another child in college in 2 years, the benefit will double.

Middle income: No need-based aid

The Problem:  In this single-parent household, mom’s income was too high to qualify the family for any need-based financial aid.  The child wanted to attend a specific private college.

How We Helped: Recognizing that this family had “special circumstances” that would make it hard to pay college costs, we helped the family draft a letter to the child’s top college choices. We asked the colleges to be sensitive to this family’s unique circumstances when making aid offers.

The Result: The student received $15,000 in grants and scholarships the first year, with a minimum of $9,000 each year after.

Overstated Income: Not enough aid

The Problem: Parents were both self-employed.  Based on their financial aid forms, they were assessed $26,000 in Expected Family Contribution (EFC), the amount the family was expected to pay for the year.

How we helped: We reviewed the family’s forms and discovered several errors. With corrected forms, we re-filed for financial aid.

The Result: This family’s assessment dropped to under $10,000.  The student was offered a financial aid package that included $14,000 in grants and scholarships.

And there’s more: After reviewing the college’s offer, we advised the family on how to appeal for more aid based on special circumstances.  The student was awarded an additional $4,000 for a total gift aid of $18,000.

Now, take a look at this Santa Cruz Sentinel Article, The Nightmare of Paying for College, q and read how Steve was able to assist these families.

Now that you know what we can accomplish, let’s take a moment to find out more About Steve Shapiro.