Let Others Pay Your Child's College Tuition

Little Known Secrets for Reducing the Cost of College

D. Calhoun
According to Randy Petersen of College Consultants of the Gulf Coast, "families with $50,000 or more in income in most cases will not qualify for most of the needs based awards such as Pell Grants." Also, Families that have such assets as "cash, certificates of deposit, and mutual funds in excess of $50,000 in most cases will not qualify for assistance with college funding until these funds are spent down, or are placed in a vehicle that no longer counts against them." (Consult your financial adviser for advice in these matters as they offer no investment advice.) So, even though these amounts can preclude you from obtaining such funds for your college bound student, there is a strategy that allows you to move these assets into certain financial instruments that in essence places them in another category that is not counted against you. By doing this, every dollar you save, is a dollar you will not have to take out of your retirement account. Thus, allowing your money to grow even more by retirement time, than you saved in the first place - giving this strategy even more impact.

Circle of Neighbors, a non-profit college funding consulting foundation, reports that their member families may use this and many other little known strategies to save thousands off of their Expected Family Contribution (what you actually pay to send your child to college). They are a twenty-five year old, full-range, one-stop shop that offers resources from career intrests analysis and SAT test preparation to providing Gap Funding sources and a personal college entrance "coach." However, their expertise is in guiding you to obtain a large endowment scholarship from colleges and universities across America. "These endowments are not 'needs based' grants or government loans. These are awards that you do not have to pay back!" says Atlanta area Circle of Neighbors Volunteer Greg Brown. "By following Neighbors' college success plan their average student member receives about $60,000 off the four year tuition of a college of their choosing."

Often the college adviser in your child's high school is either not aware of, or doesn't have the time to devote to maximizing all possible strategies for lowering a student's overall payment for college. So private college consultants are becoming more and more popular. According Tara Weiss of The News Journal (Westchester, NY) "most private college consultants' fees typically range from $1,500.00 to $2,000.00." (Actually today, families can see rates from $2,000 to $10,000.) However, by using a network of volunteers, Circle of Neighbors has reduced this fee to a mere fraction, deriving the same, if not better, results. In fact, they promise to refund all of a family's membership fee, if they do not receive at least five times it in endowment offers. "No investment I know of can match that offer!" concludes Mr. Brown.

For more information contact Mr. Brown at gbrown@collegeconsultants.org

  • Little known techniques can save you thousands off college costs.
  • Colleges offer thousands in Merrit Based Endowment Awards.
  • Circle of Neighbor's volunteer college consultants help families of college bound students.
Every dollar you save in tuition, is a dollar you will not have to take out of your retirement account.

6 Comments

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  • D. Calhoun9/8/2010

    To apply for any financial aid for tuition the entire family finacial info must be submitted to the college. A mistake on this form may cost you thousands. Circle of Friends goes over this first to help your student and family maximize the awards they are entitled. Again, I am not familiar with the scenario you describe.

  • D. Calhoun9/8/2010

    The work done on behalf of your child and the College Coach assigned to your child is not available elsewhere for free! However non-profits have operational costs. For example, Children's Hospital is a non-profit, but you can bet they have expenses and BILL their patients.

  • D. Calhoun9/8/2010

    Thanks for your inquiry. Circle of Friends does not "sell leads" to their volunteers. Besides word of mouth Circle of fiends has an exclusive agreement with The Board of Regents to share our non-profit organizations service with families of current high school students who have signed up to take the PSAT or the SAT tests.

  • Concerned Citizen9/7/2010

    By the way - where does Circle of Friends get their leads that they sell to their volunteers? Off their website which is nothing but a personal information form call to action and a payment portal for the volunteers. Oh, and through their highly reputable award winning philanthropic partner an online free college scholarship search engine which forces you to enter your personal information before you can use their free search engine. If they are partners, then they are sharing the lead generation, which then Circle of Neighbors profits from by selling to its volunteers. RACKET!

  • Concerned Citizen9/7/2010

    (cont'd) Turns out, she was happy to pay the $2k because of the warm(?) leads she would receive, the opportunity to meet with these warm lead families in their home, and not only sell them the information they don't need to pay for, but the financial service AS WELL AS all her other scammy multi-level marketing vastly over priced miracle financial and health cures.

    Do NOT fall for this string of scams - the organization is scamming their sales associates, the sales associates are scamming their customers and seeking to scam them further, and the customers are "consulted" into scamming the financial aid providers.

  • Concerned Citizen9/7/2010

    Very interesting that it costs the "non-profit college funding consulting foundation" volunteers two THOUSAND dollars to become one of these "volunteers" and that the consultation agreement fee for the students' families is one THOUSAND dollars or more (for information that is actually FREE). The "volunteers" get a several hundred dollar volunteer's "stipend" for closing the consultation agreement (read: deal/sale).

    Clearly the business model is not to advise, but to sell information that the student can get for FREE from their current and prospective educational institutions as well as the Internet, and to sell the opportunity to sell the overpriced consultation services, which is actually a cover for selling the financial service of hiding the families cash assets into "certain financial instruments."

    My family member has been roped into this volunteer situation. Even while having to beg for financial handouts throughout our family. Turns out, she was happy to pay the $2k bec

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