Believe it or not, the decision to reduce your college expenses is entirely in your hands. While it's commonly believed that there's nothing you can do to reduce college expenses, as a financial planner and as a parent I can assure you that these strategies not only exist, but are also very effective
Littleton, CO (PRWEB) February 17, 2009
In order to demonstrate how Reduce My College Costs can help families at all economic levels decrease college expenses, the website has recently added an "Is This Real?" link that allows visitors to input general information in place of personal financial data and receive a free customized sample of the site's services. The sample will include strategies that suggest areas to consider as your family searches for ways to afford an education.
"Believe it or not, the decision to reduce your college expenses is entirely in your hands. While it's commonly believed that there's nothing you can do to reduce college expenses, as a financial planner and as a parent I can assure you that these strategies not only exist, but are also very effective," Marc R. Hill, CCPS and founder of Reduce My College Costs, explains. "Unfortunately, the vast majority of these strategies are 'hidden' gems. The government isn't going to share them, they have a vested interest in you shouldering as much of the burden as possible," Hill adds. "Universities and colleges certainly won't tell you how to pay them less and student lenders won't share anything that could make a potential loan smaller."
Reduce My College Costs provides a variety of aids for those looking for ways to reduce college costs. The service includes a complete financial evaluation, an income and cash flow program, and asset and education tax incentive strategies. The site also offers a free monthly College Savings tip sheet and a subscription newsletter, Affording College.
Some students and their families talk to financial planners or a certified public accountant in hopes of learning the best strategies for minimizing student debt. This can be a mistake, Hill continues, "Unfortunately, many financial advisors and CPAs simply don't have the time to really delve into this area and keep up with ongoing changes. Therefore, the strategies they advise might make sense from a tax perspective, but could destroy your child's eligibility for scholarships and merit based aid and increase the amount you're expected to pay. This can leave you and your family with higher tuition bills and a mountain of debt."
About Reduce My College Costs
Reduce My College Costs was founded by Marc R. Hill as a resource for families who are looking for ways to pay for college who need certified college planning services. His expertise is based on years of financial planning as well as his personal experience as the father of college students.