A Unique College Funding Workshop for Parents Who Own Businesses

BUSINESS OWNERS CAN SAVE THOUSANDS ON THEIR KIDS’ COLLEGE TUITION…IF THEY KNOW HOW

Workshop: How to Save on College Tuition When You Own a Business

When: November 9th, 11:00 a.m.-2:45 p.m.

Where: The Arboretum Club, 401 W. Half Day Rd., Buffalo Grove

Presented by: My College Planning Team, 630.871.3300

Whether a college student receives financial aid and how much they receive is more than a cut-and-dry formula. That’s especially true for business owners, who can significantly increase their college-bound children’s financial awards by changing how they arrange their assets and income.

Relying on college/university financial aid for advice may leave parents paying more for their children’s college expenses than they should, according to Jim Slowik, chief college funding consultant for My College Planning Team (MyCollegePlanningTeam.com).

Based in Naperville, IL, My College Planning Team helps prospective students and their parents navigate the college application process—from tips on getting students into their dream college to advice on unique strategies for reducing college costs.

“Business owners simply don’t know all of the business strategies available to them to lower college costs,” says Slowik. “They also miss out on little-known strategies that are uniquely available to them.”

That lack of knowledge can have a huge impact on a student’s financial aid package.

“Saving for college in a child’s savings account, getting help from grandparents or using trust accounts are just a few common mistakes that can dramatically increase the cost of college,” Slowik notes.

For business owners, there’s even more to consider. Strategies such as using accelerated expensing techniques, understanding how to lower their asset bases without incurring capital gains taxes and using gifting strategies can all lower their Expected Family Contribution, or EFC.

This workshop will feature seven highly talented college funding specialists covering various aspects such as academic strategies, tax benefits and deductions, financial aid, bartering and income strategies. A complimentary lunch will also be served. The cost for the workshop is $595, but a business owner can bring as many guests as he or she desires.

“The key,” says Slowick, “is to plan ahead. It’s like buying seats on an airplane. The ones who plan ahead will go on the exact same trip—but they’ll do it for a lot less money.”

For information or reservations, contact Jack Schacht, founder of My College Planning Team at 630.871.3300.