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cover of episode Saving on the Cost of College with Brad Baldridge

Saving on the Cost of College with Brad Baldridge

2024/11/27
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All the Hacks with Chris Hutchins

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Chris Hutchins和大学教育资金专家Brad Baldridge讨论了家庭在大学教育规划中常犯的错误,包括开始得太晚以及没有充分利用529计划和税收优惠等资源。他们还探讨了各种类型的经济援助、奖学金申请策略、社区大学转学以及学生贷款的使用方法。Baldridge强调了尽早规划的重要性,并建议将大学教育成本的低端范围的资金存入529计划等账户中。他还解释了如何根据家庭的经济状况和学生的学术能力来制定大学规划。此外,他还讨论了税务规划、与学校协商以及利用CSS Profile等策略来降低大学教育成本。 Brad Baldridge详细介绍了529计划的税收优惠、基于需求的经济援助的计算方法以及如何申请奖学金。他还解释了FAFSA和CSS Profile表格的填写方法,以及如何利用各种资源来最大限度地减少大学教育成本。Baldridge还讨论了学生贷款的使用方法,以及如何根据学生的职业规划来选择合适的贷款方案。他强调了尽早规划的重要性,并建议家庭根据自身情况制定合理的大学教育预算。

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Chapters
The discussion highlights the common mistake of starting college planning too late and not fully understanding the financial implications. Early stage planning versus late stage planning is also explored, emphasizing the importance of starting early and the complexity of the process.
  • Starting too late is the biggest mistake.
  • Early stage planning involves saving and basic considerations.
  • Late stage planning requires detailed work and decision-making.

Shownotes Transcript

#203: Learn to save on the cost for college. Chris and college funding expert Brad Baldridge discuss common mistakes, leveraging 529 plans and tax benefits, types of financial aid, creative tactics to maximize savings, and much more.

Brad Baldridge), founder of Baldridge College Solutions) and Taming the High Cost of College), is a Certified Financial Planner® who has helped hundreds of families plan and pay for college, their retirement, and more.

Link to Full Show Notes: https://chrishutchins.com/saving-money-on-college-brad-baldridge)

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Resources Mentioned

Brad Baldridge: Website) | Newsletter)

CSS Profile): Everything You Need to Know to Complete the CSS Profile)

Wealthfront: 529 Plan)

Rakuten) ($40 for new members))

Credit Cards:

Gift of College Gift Cards)

CardPointers Pro) (50% off here))

ATH Podcast:

Email us) for questions, tips, deals and feedback

Full Show Notes

(00:00) Introduction

(02:08) Biggest Mistakes People Make When Planning to Pay for College

(03:18) Early Stage Planning vs. Late Stage Planning

(05:56) Tax Benefits & Advantages for College Savings

(16:40) How Your Assets Impact/Doesn’t Impact Need-Based Financial Aid

(18:01) Recent Big Change On The FAFSA

(22:41) What Is The CSS Profile?

(27:31) The Different Types of Financial Aid

(30:24) How to Plan for Scholarships

(35:50) Transferring from A Local Community College to A Competitive College

(37:49) Saving Strategies for Families with Higher Income

(42:57) Ways to Utilize Student Loans

(48:13) Student Loan Forgiveness Programs

(50:36) Brad’s Final Takeaway

(51:57) How Much Money Can Families Save on College Costs?

(52:36) Where to Find Brad & His Services

(53:16) Utilizing Credit Cards for College Tuition

(55:08) How to Maximize Gift of College Gift Cards

(1:03:35) Brad’s Disclosure

Connect with Chris

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