Two Must-Have Client Conversations For College Planning: 529s, FAFSA

    Telemus In the News
    | October 2, 2023

     

    As fall arrives and clients' children head back to school, the college application season is about to begin—a high-stress, high-stakes period. Education cost planning emerges as a crucial service during this time, as identified by a recent study from Dimensional Fund Advisors.

    One crucial aspect of education cost planning involves effectively utilizing 529 plans and understanding the Free Application for Federal Student Aid (FAFSA) process.  Kyle Deal, CFP®, Financial Life Advisor, underscores the importance of early FAFSA submission, even if clients are unsure of government aid eligibility. Early filing maximizes opportunities for scholarships and aid awards from educational institutions, easing the financial burden of college expenses.

     

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    The article provided above, and the information contained within, is from a third party source, which we believe to be reliable, however Telemus cannot guarantee the accuracy or completeness of such information, and certain information may have been condensed or summarized from its original source. The author of this article is Victoria Zhuang of Financial Planning which is owned and operated by an independent third-party. Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Telemus Capital. All opinions expressed in this article are for general informational and/or educational purposes. These opinions are subject to change without notice and are not intended to serve as a substitute for personalized investment advice or as a recommendation or solicitation of any particular security, strategy or investment product. Telemus Capital does not provide tax, legal or accounting advice, and nothing contained in these materials should be relied upon as such.

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