Family Aid for Financial Aid
The skyrocketing costs of attending college, not just the best colleges but any of them, is causing many families to feel like it will be impossible to help their children graduate with a degree. So more and more families and students are applying for student loans and using financial aid. In fact, student loan debt is not only at an all-time high, it has recently become the 2nd largest household debt in the U.S. behind home mortgages.
As a result, many parents now find themselves having to decide between saving for their children’s college education or saving for retirement. Therefore, financial aid becomes the main method of paying for college. But financial aid comes with a price, and federal student loans and federal Parent Plus Loans are the type of debt that can haunt a person for decades to come, especially if they don’t have a plan to pay them off.
So what is a family to do? Is it possible for parents to help their children pay for college without completely breaking the bank?
CFAST, LLC makes sure that a family’s educational opportunities are realized. We are the one-stop shop for helping parents and students successfully navigate through the college-planning maze. We specialize in late stage college funding for families in the Chicagoland area. We know the ins and outs of what it takes to plan for college, from picking the right schools – to paying for them. Our dedicated team works with you to personalize a plan that meets your college goals, while lowering your out-of-pocket expenses. Let us serve as your college funding advisor and make this process both effective and easier on you!