Episode 27: A College Degree from Bank on Yourself

In this episode, we ask: What does the Wall Street Journal say about qualifying for student aid? What is a 529 plan? How does it affect aid on the Federal level? When colleges set up their own aid? How do financial aid officers look at 529 funds? How do they treat it? Do you know...

In this episode, we ask:

What does the Wall Street Journal say about qualifying for student aid?
What is a 529 plan?
How does it affect aid on the Federal level? When colleges set up their own aid?
How do financial aid officers look at 529 funds? How do they treat it?
Do you know which college your kids / grandkids are applying for?
What are some ideas for managing the 529 plan as you approach paying for college?
How are the 529 plans like other qualified plans, for example the 401(k)?
What is one of the most predictable and reliable ways for saving for big purchases?
How do you maintain control of the money, so you can spend it without strings attached?
How do you eliminate the opportunity cost with this large amount of money?
Who does the money ultimately benefit with a Bank On Yourself college solution?
When do loans kick in for kids?
Who’s in charge of the loan payback schedule?
What about a parent matching program?
Who wants to leave an inheritance to Sallie Mae?
What about kids that don’t pay the parents back on these loans? What recourse do the parents have?
How do Bank On Yourself policies get reported on the FAFSA forms?
Where does your money live?
What if your money lives in a 529 plan? A savings account? A checking account?
What are the restrictions on a 529 plan?
What if you or your kid needs a laptop? To get married? To buy a car?
How does the money work double duty?
How can you pay for college tuition and long term care?
How can you pay for college tuition and retirement?
How can you pay for college tuition without going broke?
How can you pay for college tuition without being a burden on your kids, financially, as you age?
How can you get federal student loans that are subsidized?
How do subsidized loans work well with a Bank on Yourself policy?
Would you like 0% interest for four years?
How can you wipe out student loan debt with a Bank on Yourself policy?
What happens to your plan at the end? Do you have to work on it or does it self complete?