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Title: How Smart Students Pay for School
Subtitle: The Best Way to Save for College, Get the Right Loans, and Repay Debt, 2nd Edition
Author: Reyna Gobel
Narrator: Meredith Mitchell
Format: Unabridged
Length: 1 hr and 39 mins
Language: English
Release date: 05-03-13
Publisher: Blackstone Audio, Inc.
Ratings: 3.5 of 5 out of 4 votes
Genres: Self Development, How-To
Publisher's Summary:
In the 2nd edition of How Smart Students Pay for School, theres a valuable new section for military service members, veterans, and their families. Tax numbers are updated for the early 2013 tax filing season. Recent graduates will learn about the new income-based repayment plan, Pay as You Earn.
Getting into college is just as hard as figuring out how to pay for it. In this original audiobook, prospective students and their parents will learn how to think like informed consumers as you make this very important - and costly - decision. National expert, Reyna Gobel, MBA, provides you with money-saving processes to determine which colleges are right for you, which ones offer the best financial-aid package, and how to plan for this expense. You'll learn about 529 plan distributions with insight from a Certified Financial Planner. Returning students learn where to find scholarships and workplace funding while transfer students learn how to graduate faster with tips from an academic counselor. Parents, college-bound students, and returning students will benefit from budgeting advice from an on-campus director of a student money-management program. Veterans and their families are coached on state-based education benefits. And if you already have accumulated this debt, there is sage advice on choosing the right repayment plan, taking payment breaks, protecting your credit from unnecessary dings, paying off loans faster, and claiming tax deductions and credits that could lead to thousands in savings. For anyone who has to pay or repay tuition bills, this is one class you cannot skip!
Members Reviews:
Don't bother
My daughter is 15 and we are starting to look at career thoughts and developing her talents that would lead to scholarships and wise financial decisions.I listened to this book and found it to be pretty repetitive and simplified.
To sum it up:
1. talk to your guidance counselor at school,
2. talk to the financial person at the schools you visit,
3. apply for a few focused scholarships (instead of many),
4. better schools can actually be cheaper when you talk to them about aid,
5. there are all sorts of tax breaks you might be qualified for.
My thoughts with all this:
1. She used the #1 ranked high school guidance counselor as her reference, most school counselors are nowhere near as skilled, helpful or connected.
2. You shouldn't have to be told to talk to the financial aid person at the school, that should be obvious and is part of the onboarding process.
3. What's wrong with applying for 50 scholarships then doing your favorite ten at the end when your responses are well honed?
4. Great point and that's how it worked for me. The big, private school was cheaper because they gave grants the little school didn't.
5. Do your taxes with tax software and all those programs she talked about will take care of themselves.
6. Student loans are the most forgiving if you can't pay
It is vitally important to first decide what you want to do and if there is a market for that. I know someone with three doctorates and none of the three have much value anymore because those markets dried up with the information age.
What this book doesn't help much if you aren't from a family with a veteran, disabled, poor or minority.