Paying for college starts long before tuition bills arrive—and it requires more than just financial aid forms. In this live episode of the Smart College Buyer podcast, recorded at FinCon 25 in Portland, Oregon, we dive into college budgeting, zero-based budgeting, student loan payments, and intentional spending to help families prepare for rising college costs with confidence. 

(00:03:47) Zero-Based Budgeting Explained 

(00:07:27) Intentional Financial Planning Tips 

(00:11:33) Spend According to Your Values 

(00:15:49) Priorities Revealed Through Spending 

(00:18:51) Spending Habits and Lifestyle Choices 

(00:21:36) Budgeting Takes Effort, Not Automation 

With student loan repayment rules tightening, higher borrowing limits shrinking, and everyday expenses quietly draining cash flow, families need a clearer plan. This conversation breaks down how values-based budgeting, expense tracking, and proactive planning can help families reduce financial stress, manage college tuition, and avoid overwhelming debt—without sacrificing real life along the way. 

Why Budgeting Matters More Than Ever for College Families 

Rising tuition, changing loan repayment plans, and everyday spending habits all collide during the college planning years. In this episode, we explore how families can: 

Rather than relying on hope or last-minute fixes, this episode focuses on building a repeatable budgeting system that supports both college goals and family life. 

Top 3 Takeaways for Families Planning Ahead 

Zero-based budgeting helps families give every dollar a job—aligning spending with priorities instead of reacting to bills. It’s not about restriction; it’s about clarity, control, and confidence. 

Many families overspend in everyday categories like takeout, subscriptions, travel, and online shopping without realizing it. Simply tracking and allocating spending intentionally can free up hundreds of dollars each month. 

Budgeting apps are tools—but consistency is what drives results. Regular check-ins, intentional planning, and accountability matter far more than software alone. 

A Mindset Shift That Reduces Financial Stress 

"Once you have it down, you can kind of rest easy a little bit and say I have a plan. If I just stick to my plan, I'm going to be okay. To me that's a huge point because couples are often like stressed or fighting about finances. But like you don't do that if you have a plan together, right. Because you kind of pre negotiated what you're going to do and that way you don't just stress or fight about it throughout the month." 

How to Plan for College with Intentional Budget Choices 

The path to college doesn’t have to be paved with anxiety or excessive debt. Families who plan early, understand their cash flow, and align spending with their values can approach college costs with far more confidence. 

Whether you’re navigating college admissions, managing household budgets, or preparing for new student loan payments, this episode reinforces one key truth: a clear plan creates freedom. Start budgeting with intention now, and you’ll be far better prepared for whatever college brings. 

Follow Zach Whelchel:  

https://www.facebook.com/zach.whelchel/ 

Connect with host, Jack Wang:  

https://www.linkedin.com/in/thejackwang/ 

*be sure to send a connection request with a message saying Hello!  

Navigate college funding with me at www.smartcollegebuyer.com  

The content of this podcast is for educational and informational purposes only and should not be considered financial, tax, or legal advice. Nothing in this podcast is a recommendation or solicitation to buy or sell any financial product or service. Every family’s financial situation is unique, so always consult with your own financial or tax professional before making any decisions. While we do our best to provide accurate and up-to-date information, we can’t guarantee its completeness or accuracy. Past performance is not indicative of future results. Your mileage may vary. No warranties, express or implied. Batteries still not included. 

For divorced parents of college-bound students...I’ve been there, done that, the participation medal is on my wall. Financial aid eligibility is NOT based on your divorce agreement, which parent claims the child on taxes, or who makes more money. BOTH divorced parents must submit financial info—even if you haven’t spoken in years. 

Today’s episode answers the top questions divorced parents have about the college admissions and college financial aid application process like: 

College Financial Aid for Divorced Families Made Simple 

Navigating college costs is stressful enough, but when parents are divorced or separated, questions about who files the forms, how child support and custody are factored, and which parent's finances count can add even more confusion to the mix. 

(00:01:05) College Payment Responsibility Explained 

(00:05:11) Divorce and CSS Profile Explained 

(00:09:34) Non-Custodial CSS Form Rules 

(00:11:08) Financial Aid Form Misconceptions 

(00:16:02) FAFSA Custodial Parent Guidelines 

(00:18:37) FAFSA Rules on Stepparents 

(00:20:21) Divorce Impact on Financial Aid 

(00:27:07) Intentional Support Offered 

Debunking Common Myths About Divorce and College Financial Aid 

In this episode, I'm breaking down the latest rules around FAFSA and CSS Profile, revealing persistent misconceptions about income, custody, and tax claims, and offering clear explanations about which parent’s details colleges really care about. You'll learn what “majority financial support” means, how the specifics of your family situation influence aid eligibility, and what happens if one parent doesn’t cooperate with the required paperwork. 

Here are 3 key takeaways for divorced families with students getting ready for college: 

It’s NOT About the Divorce Agreement or Taxes: Colleges don’t base financial aid on custody arrangements listed in your divorce agreement or which parent claims the student on taxes. Don’t let those common misconceptions trip you up. 

Financial Support Determines the Filing Parent (for FAFSA): The FAFSA now looks at which parent provides the majority of financial support—not just where the student lives—when deciding who needs to file. This means things like child support, alimony, and the ability to maintain a household matter more than you might expect. 

Both Parents May Need to Complete the CSS Profile: Most CSS Profile schools require forms from both the custodial and non-custodial parent—even if there’s minimal or no contact, as long as support is being paid. Refusal to complete required forms typically results in an incomplete application and loss of aid eligibility. 

Whether you’re in the thick of the divorce process or just want to plan ahead, this episode gives you the framework you need to approach college financial aid with clarity and confidence—so you can focus on supporting your student’s future. 

Connect with host, Jack Wang: https://www.linkedin.com/in/thejackwang/ 

*be sure to send a connection request with a message saying Hello! 

Navigate college funding with me at www.smartcollegebuyer.com 

The content of this podcast is for educational and informational purposes only and should not be considered financial, tax, or legal advice. Nothing in this podcast is a recommendation or solicitation to buy or sell any financial product or service. Every family’s financial situation is unique, so always consult with your own financial or tax professional before making any decisions. While we do our best to provide accurate and up-to-date information, we can’t guarantee its completeness or accuracy. Past performance is not indicative of future results. Your mileage may vary. No warranties, express or implied. Batteries still not included. 

The scariest thing about college isn’t the application—it’s the bill. But what if you could face tuition with clarity—and maybe even confidence?  

Paying for college is more complex than ever—with tuition rising and new legislation changing the landscape for student loans and financial planning. 

The earlier—and the more holistically—you strategize, the better set up your student (and your family’s financial future) will be. That’s why today’s episode introduces you to Brenton Harrison, the host of the New Money, New Problems podcast.  

Building a College Plan That Won’t Derail Retirement 

Brenton is a fellow financial advisor who’s also well-versed in the tax and student loan impacts of Trump’s Big Beautiful Bill, so we took the opportunity to explore strategies that families can use to balance college expenses without derailing other financial goals.  

Here are 3 Key Takeaways every college-bound family should know: 

Have Honest Conversations Early 

Transparent talks about your college funding strategy—what you can afford, what you’re willing to spend, and what colleges expect—set the stage for stronger decisions. As Brent Harrison said, “Nothing you do financially happens in a vacuum.” Private school choices, savings vehicles, and retirement planning are all interwoven. 

Know the Impacts of New Student Loan Legislation 

Major changes in legislation in 2025 mean repayment options for federal loans—including Parent Plus—are shifting dramatically. Deadlines are approaching (July 1, 2026 & July 1, 2028) after which fewer repayment plans and forgiveness paths will be available. Families must understand the rules and plan ahead—those who act early have more options. 

Prioritize Flexibility in Savings 

College isn’t just about 529 plans anymore. Sometimes focusing on liquidity and a wider mix of non-retirement investments gives families more options later—especially if you’re balancing college against other needs like retirement and real estate.  

Smart Strategies for Affording College in 2026 and Beyond 

(00:06:16) Big Bill Act Reshapes Tax Planning 

(00:07:32) Tax Strategies and Loopholes to Explore 

(00:13:20) Student Loan Policy Changes After 2026 

(00:15:55) Financial Choices and Education Impact 

(00:18:56) Financial Prep for College 

(00:25:56) Reduce Student Loans While Pregnant 

(00:29:54) Honest Conversations on Education Costs 

(00:31:20) Student Loans: Strategy and Balance 

From Tax Planning to Tuition: Maximizing Your Family’s Financial Success 

If worrying about tuition, student loans, or how to pay for college without sacrificing your retirement has kept you up at night, listen in to learn some creative ways to save (aside from the 529) and some even more creative ways people have funded their kids’ college tuition. 

“Nothing that you do financially happens in a vacuum. Anything you do in one area is going to impact another.” – Brent Harrison 

Many parents think, “I’ll put the kids in private K-12, then cobble together college costs.” But draining your savings means less for retirement and fewer education dollars saved. 

Similarly, hoping and wishing your teen will get a “full ride” isn’t a plan.  

When it comes to paying for college, the key is understanding how each financial choice connects to your broader goals—whether that means planning for retirement, managing student loans, or staying current on changes in tax laws. Many families benefit from honest conversations about what’s possible and proactive planning to keep their options open. Taking the time to learn, ask questions, and involve the right professionals can help make the journey less stressful and more rewarding for everyone involved. 

Follow Brenton Harrison: 

LinkedIn: https://www.linkedin.com/in/brentonharrison/ 

Website: https://www.newmoneynewproblems.com/ 

New Money New Problems Podcast: https://www.newmoneynewproblems.com/podcast 

Connect with host, Jack Wang: https://www.linkedin.com/in/thejackwang/ 

*be sure to send a connection request with a message saying Hello! 

Navigate college funding with me at www.smartcollegebuyer.com 

The content of this podcast is for educational and informational purposes only and should not be considered financial, tax, or legal advice. Nothing in this podcast is a recommendation or solicitation to buy or sell any financial product or service. Every family’s financial situation is unique, so always consult with your own financial or tax professional before making any decisions. While we do our best to provide accurate and up-to-date information, we can’t guarantee its completeness or accuracy. Past performance is not indicative of future results. Your mileage may vary. No warranties, express or implied. Batteries still not included. 

So, grandma and grandpa want to help pay for college? Congratulations!  

First, we need some clarity on what exactly they mean. Are they going to start funding a 529 early, are they planning on writing a fat check to cover tuition each semester, or are they planning on covering the student loan payments?  

Each option comes with its own student aid eligibility impact, tax repercussions, and, perhaps, familial obligations.  

In today’s episode, I break down the real impact of grandparent gifts on college affordability, from 529 accounts to direct tuition payments—even post-graduation support. It’s not as simple as just writing a check, and the way you approach it can make a huge difference. The smartest families plan ahead, understand gift taxes, financial aid formulas, and keep the family peace.  

Making Grandparent Contributions Most Effective for College Planning 

(00:06:16) Grandparents' College Funding Impact 

(00:08:49) Family Dynamics and Grandkids' Gifts 

(00:12:22) Estate Planning for College Costs 

(00:16:28) Complexities of Funding College 

(00:17:44) Grandparent Contributions Impact College Choices 

Financial Aid and Taxes: What Grandparent College Support Really Means 

While it’s generous and amazing when grandparents want to chip in for college,  the mechanics of when and how they help—before, during, or after college—can impact your family’s financial aid, tax situation, and even family harmony. 

Key Considerations: 

Creative Ways Grandparents Can Pitch In: 

Being strategic pays off! The simple act of gifting funds for education can carry complex and far-reaching consequences. Always consider your family's full financial and emotional landscape—and dive deeper before making decisions. 

Connect with host, Jack Wang: https://www.linkedin.com/in/thejackwang/ 

*be sure to send a connection request with a message saying Hello! 

Navigate college funding with me at www.smartcollegebuyer.com 

The content of this podcast is for educational and informational purposes only and should not be considered financial, tax, or legal advice. Nothing in this podcast is a recommendation or solicitation to buy or sell any financial product or service. Every family’s financial situation is unique, so always consult with your own financial or tax professional before making any decisions. While we do our best to provide accurate and up-to-date information, we can’t guarantee its completeness or accuracy. Past performance is not indicative of future results. Your mileage may vary. No warranties, express or implied. Batteries still not included. 

What if your teen could confidently KNOW the right career path before they ever enroll in their first college class? 

What if your teen could focus and do well in class because they actually enjoy and are “wired for” those particular subjects?  

Well, they can! Today you get to meet my friend and special guest, Jay Dusold, the creator of the Life After 12th Program, who’s dedicated his career to guiding young people toward meaningful, fulfilling work—rather than just following the crowd or guessing their way through college. 

Ending the Guesswork: How Career Guidance Saves Time, Money, and Stress 

If you’re like me, you might have struggled with career direction yourself, or watched your own child navigate the overwhelming maze of majors and college choices. In this conversation, Jay Dusold and I discuss why so many students end up switching majors, spending extra years in college, or landing in jobs they don’t actually enjoy. We break down how understanding a student’s unique “career DNA” can make all the difference—helping families redirect their time and money toward options that truly fit. 

We’ll also tackle some common misconceptions parents have about college, share stories from Jay Dusold’s coaching practice, and offer practical ways to help your student gain clarity—and confidence—before making these big decisions. 

Navigating College Majors: A Smarter Approach to Career Planning for Students 

College is one of the biggest investments your family will make, but too often, teens enter school without a clear career direction—leaving a trail of wasted time, money, and stress.  

“57% of college students take six years to complete a traditional four-year degree and 72% graduate and get a job unrelated to their earned major.” - Jay Dusold 

Luckily, you have the power to ensure your teen doesn’t become one of those statistics by identifying a “verifiable career fit.” Here’s what else you’ll learn: 

(00:04:51) Finding Purpose After Uncertainty 

(00:08:54) Navigating College Majors  

(00:12:37) Rethinking College and Career Paths 

(00:19:21) Verifiable Fit Drives Success 

(00:24:19) Job Insights: 4 Key Lenses 

(00:29:44) College Value & Success Stories 

(00:32:28) Michael's Inspiring Career Pivot 

(00:34:29) Time, Passion, and Purpose 

Whether your child’s dream career requires a degree or not, clear planning and purpose can transform the college journey. Don’t spend six figures hoping things work out—get intentional, and let’s help the next generation thrive! 

Follow Jay Dusold:  

LinkedIn: https://www.linkedin.com/in/jaydusold/ 

Website: https://lifeafter12th.com/ 

Life After 12th Podcast: https://rss.com/podcasts/lifeafter12th/ 

Connect with host, Jack Wang: https://www.linkedin.com/in/thejackwang/ 

*be sure to send a connection request with a message saying Hello! 

Navigate college funding with me at www.smartcollegebuyer.com 

The content of this podcast is for educational and informational purposes only and should not be considered financial, tax, or legal advice. Nothing in this podcast is a recommendation or solicitation to buy or sell any financial product or service. Every family’s financial situation is unique, so always consult with your own financial or tax professional before making any decisions. While we do our best to provide accurate and up-to-date information, we can’t guarantee its completeness or accuracy. Past performance is not indicative of future results. Your mileage may vary. No warranties, express or implied. Batteries still not included. 

Facing the looming cost of college? You’re not alone—countless families struggle to crack the code on paying for higher education without jeopardizing their financial future.  

In this special episode, you get to hear me (your host, Jack Wang) being interviewed by Kathleen Keneally and Michael Connaughton on the Wicked Pissah Podcast to share actionable strategies and bust common myths about college funding for the Financial Planning Association of New England. 

Real Talk on College Costs, Financial Aid & Admissions Tips 

During this episode, I was speaking to my fellow financial advisors in an effort to help them navigate this complicated life stage their clients may be facing. However, much of the information shared, is also VERY helpful to families and parents with kids approaching college.  

Here are a few key takeaways families and advisors can use to navigate this complex process: 

Many parents approach college planning with outdated strategies—timelines haven’t changed much since they were students. Rethinking the process early, including financial planning before applications go out, makes a huge difference! 

Planning isn’t just about crunching numbers—95% of the work is managing expectations, navigating emotions, and aligning family values. Parents need to get on the same page and have candid conversations before involving their college-bound kids. 

Maximizing options—like balancing 529 plans for college with flexible accounts supporting retirement—helps families avoid tough tradeoffs. Creativity (think hiring your kids in your business or using smart tax strategies!) can unlock significant funding opportunities. 

Whether you’re a parent, financial advisor, or student, the best results come from approaching college funding intentionally—not leaving anything to luck. 

Maximizing College Financial Aid & Admissions – Expert’s Perspective 

(00:08:14) Rethinking College Admissions Strategy 

(00:10:01) Financial Aid Misconceptions 

(00:14:52) Ivy League Pressure and Reality 

(00:18:06) College Costs Misconceptions Explained 

(00:23:47) College Savings vs. Retirement Priority 

(00:32:57) Parent Approaches to College Funding 

(00:39:15) High School Financial Aid Planning 

(00:42:41) Tax-Smart College Funding Strategies 

(00:48:29) Financial Aid vs Tax Codes 

Financial Aid, College Admissions, & Parent Strategies 

Thinking about college for your kids? In this episode, we broke down what families really need to know about paying for college today—and why following outdated advice can lead to costly mistakes. We covered common misconceptions, how financial aid actually works, and creative strategies to find scholarships and manage costs. Don’t wait until senior year—smart planning starts early, aligns with your family’s goals, and puts you in a position to win the college game without drowning in debt. 

"The very first mention of anything financially related is fall senior year when you got to fill out the FAFSA soon, right? Whereas parents really need to think about that a lot earlier in the process because it has an impact on aid." - Jack Wang (00:09:12) 

Got a high schooler in your house? Forward this to your partner or a friend who’s facing the college money crunch! And if your financial planner needs a primer on college planning, send them my way way—I'm always happy to collaborate and educate! 

Follow the Wicked Pissah Podcast & hosts: 

Kathleen Kenealy - https://www.linkedin.com/in/kathleenkenealy/ 

Michael Connaughton - https://www.linkedin.com/in/michael-p-connaughton-cfp%C2%AE-clu%C2%AE-chfc%C2%AE-5601535/ 

The full Wicked Pissah Podcast episode can be found here: Wicked Pissah Podcast: #255 - Navigating Egos and Emotions During the College Planning Process – With Jack Wang 

Connect with your host, Jack Wang: https://www.linkedin.com/in/thejackwang/ 

*be sure to send a connection request with a message saying Hello! 

Navigate college funding with me at www.smartcollegebuyer.com 

The content of this podcast is for educational and informational purposes only and should not be considered financial, tax, or legal advice. Nothing in this podcast is a recommendation or solicitation to buy or sell any financial product or service. Every family’s financial situation is unique, so always consult with your own financial or tax professional before making any decisions. While we do our best to provide accurate and up-to-date information, we can’t guarantee its completeness or accuracy. Past performance is not indicative of future results. Your mileage may vary. No warranties, express or implied. Batteries still not included. 

Think covering college costs with scholarships is impossible?  

Regret waiting until senior year to think about paying for college?  

Nia Grant is here to help you stop panicking about how to cover college costs, and, instead, start helping your teen find and apply for scholarships like it’s their full-time job. Nia was a senior in high school when she realized college tuition was her responsibility, so she buckled down, made mind maps, found local, regional, corporate, and private scholarship opportunities, spent all her spare time applying for them, and was awarded one million dollars in scholarship money.  

Creating College Opportunities: How to Find and Win Scholarships 

(00:07:52) "Look in your own closet. Look in your own house. Like, who are the brands that you support? Like a Coca Cola or Chick Fil A. Like, look them up. Because a lot of the ones that you patronize offer scholarships to help you out as well." - Nia Grant 

Nia’s scholarship awards covered her college costs, living expenses, books, and much more, ensuring she graduated debt-free and well on her feet with a $100,000 net worth at age 21. During college, Nia launched her own small business, Nia Knows Finance, where she began helping other students (Gen Z) to make, manage, and multiply their money.  

From Chemistry Major to College Cash Coach: Nia Grant’s Million Dollar Scholarship Story 

(00:06:09) Generational College Expectations 

(00:07:36) Exploring Scholarship Opportunities 

(00:11:14) Finding Scholarships via social media 

(00:14:27) Scholarship Criteria Beyond Grades 

(00:16:59) Strategic Scholarship Application Tips 

(00:21:01) Maximizing College: Beyond Classes 

(00:24:41) Scholarship Application Motivational Strategies  

Mastering the Scholarship Numbers Game for College Affordability 

Follow Nia Grant:  

Website: https://niaknowsfinance.com/ 

Instagram: https://www.instagram.com/niaknowsfinance/ 

YouTube: https://www.youtube.com/@niaknowsfinance 

TikTok: https://www.tiktok.com/@niaknowsfinance 

Connect with host, Jack Wang: https://www.linkedin.com/in/thejackwang/ 

*be sure to send a connection request with a message saying Hello! 

Navigate college funding with me at www.smartcollegebuyer.com 

The content of this podcast is for educational and informational purposes only and should not be considered financial, tax, or legal advice. Nothing in this podcast is a recommendation or solicitation to buy or sell any financial product or service. Every family’s financial situation is unique, so always consult with your own financial or tax professional before making any decisions. While we do our best to provide accurate and up-to-date information, we can’t guarantee its completeness or accuracy. Past performance is not indicative of future results. Your mileage may vary. No warranties, express or implied. Batteries still not included. 

Choosing where your kid will attend to college and deciding how to pay for it are two HUGE, potentially life-changing decisions, both for the child and the parents - particularly those from lower-income or first-generation backgrounds, making admissions and financial guidance in this area essential. You shouldn’t have to choose between funding college and having a secure retirement.  

Don’t DIY the process simply because you don’t know where to turn for help or are afraid of how much that help may cost! This episode highlights several associations and resources to help ensure you find the right professional for your situation.  

Just as not all school counselors or administrators are created equal, neither are financial planners or advisors. When facing cookie-cutter advice about affording college, that should be a red flag for you to pursue guidance from someone closer to your particular issue, situation, school of choice, or financial options.  

Navigating College Admissions and Funding: Why Expert Guidance Matters 

(00:01:41) Free FAFSA Filing Support Requirements 

(00:06:30) Independent Educational Consultants’ Role 

(00:11:13) The Limitations of Financial Aid Administrators at Colleges 

(00:15:43) Certified College Funding Specialists in Finance 

(00:22:20) Strategic College List Building by Financial Experts 

(00:24:58) Navigating Student Loan Repayment and Forgiveness 

Saving Your Future: Expert Strategies for College Funding and Selection 

A great episode of the New Money New Problems podcast by fellow Financial Advisor, Brenton Harrison, that explains the value (savings) in paying for guidance with your money: When Paying a Financial Advisor $6,000 is a Bargain

Resources to Help Families with the College Admissions Process:  

IECA - Independent Educational Consultants Association - https://www.iecaonline.com/ 

HECA - Higher Education Consultants Association - https://www.hecalive.org/ 

NACAC - National Association for College Admission Counseling - https://www.nacacnet.org/student/ 

ACCFS - Accredited Certified College Funding Specialists™ - https://www.hireaccfs.com/ 

NICCP – National Institute of Certified College Planners - https://account.niccp.com/find-a-ccps/ 

Connect with host, Jack Wang: https://www.linkedin.com/in/thejackwang/ 

*be sure to send a connection request with a message saying Hello! 

Navigate college funding with me at www.smartcollegebuyer.com 

The content of this podcast is for educational and informational purposes only and should not be considered financial, tax, or legal advice. Nothing in this podcast is a recommendation or solicitation to buy or sell any financial product or service. Every family’s financial situation is unique, so always consult with your own financial or tax professional before making any decisions. While we do our best to provide accurate and up-to-date information, we can’t guarantee its completeness or accuracy. Past performance is not indicative of future results. Your mileage may vary. No warranties, express or implied. Batteries still not included. 

Are you a veteran or service member trying to figure out how to send your kid to college?  

You probably know there are some serious educational benefits available, but perhaps you aren’t sure how to tap into them or whether you can pass them to your kids.  

Today, Kate Horrell and Jack Wang discuss VA Education Benefits’ transfer rules, eligible recipients, and service obligations. Kate Horrell is the author of College Finances for Military Families, a comprehensive guide to integrating military and veteran education benefits into your family's college funding plan. A military and veteran pay and benefits expert, she leveraged military-related benefits to help pay for her children's college educations, and she can help your family save money by using these benefits. 

Take Charge of Your Family’s Education with VA Benefits 

(00:01:17) Unlocking VA Educational Benefits for Military Families 

(00:04:21) Common Mistakes in Post 9/11 GI Bill Transfer 

(00:15:24) Optimizing VA Benefits Distribution for Multiple Children 

(00:19:10) Strategic Allocation of VA Education Benefits 

(00:21:16) Optimizing GI Bill Housing Allowance for Veteran Families’ Education 

The Full Briefing on Military Educational Benefits & Avoiding Mistakes 

Common mistakes with the Post 9/11 GI Bill include not meeting transfer rules, not understanding the benefits before usage, and misconceptions about covered expenses. Splitting VA benefits among children or family members requires careful considerations like eligibility, grad school options, assets, and cash flow planning. 

(00:05:14) "So, there are three primary parts to the post 911 GI Bill, one of them is tuition, one of them is a monthly housing allowance, and one of them is a books allowance." - Kate Horrell  

Strategic Planning Opportunities to Use Your Military Benefits for The Next Generation 

Making the Most of Your VA Education Benefits 

Apart from the well-known Post 9/11 GI Bill, Kate Horrell also brought attention to lesser-known programs such as DEA Survivors and Dependents Educational Benefits and the Frye Scholarship. 

Kate is a Chartered Financial Consultant, Military Qualified Financial Planner, and Accredited Financial Counselor. After 28 years following her now-retired Sailor around the world, she now lives outside of Washington, DC, when she's not sharing her knowledge with audiences across the country.

Follow Kate Horrell: 

Book:  https://www.amazon.com/College-Finances-Military-Families-Confidently/dp/B0F9NDL54P/ref=tmm_pap_swatch_0 

Blog: https://www.KateHorrell.com 

Facebook: https://www.facebook.com/KateHorrellFinanceExpert 

Connect with host, Jack Wang: https://www.linkedin.com/in/thejackwang/ 

*be sure to send a connection request with a message saying Hello! 

Navigate college funding with me at www.smartcollegebuyer.com 

The content of this podcast is for educational and informational purposes only and should not be considered financial, tax, or legal advice. Nothing in this podcast is a recommendation or solicitation to buy or sell any financial product or service. Every family’s financial situation is unique, so always consult with your own financial or tax professional before making any decisions. While we do our best to provide accurate and up-to-date information, we can’t guarantee its completeness or accuracy. Past performance is not indicative of future results. Your mileage may vary. No warranties, express or implied. Batteries still not included. 

When you’re facing any large purchase, there are two major questions you must answer:  

While you’ve heard about student loans, 529 plans, and, potentially, other options to help you finance college costs, the best way for YOU to pay for college for your student is likely a unique combination of tools & tax strategies based on your personal situation. **This is why it’s so important to work 1:1 with a financial planner and tax advisor.  

College Financing, Debt Freedom, and Wealth Building 

529 plans offer flexibility but require consideration of tax implications. While these plans can be a great way to save for college expenses, it's important to understand how they can impact your taxes and overall financial situation. Making informed decisions now can lead to significant savings down the road. 

Gifting and income shifting can save on taxes and shift income to family members. By strategically gifting assets or shifting income to family members in lower tax brackets, you can reduce your tax liability and potentially save a significant amount of money. It's all about understanding the rules and making the most of the opportunities available to you. 

College Payment Hacks: Smart Ways to Pay for College 

(00:03:13) College Tuition Payment Plans Overview 

(00:05:58) Tax Benefits and Flexibility of 529 Plans 

(00:09:16) Strategies for College Tuition Financing 

(00:18:16) Income Shifting and Tax-Saving Strategies 

(00:21:47) Funding College While Building Long-Term Wealth 

Paying For College Without Taking on a Truckload of Debt 

Jack Wang highlights the importance of exploring various financial strategies to fund college education, including payment plans, savings, 529 plans, and loans, to safeguard a family's financial well-being. He highlights colleges offering diverse payment plans and emphasizes advanced financial techniques, such as leveraging tax savings and allowing investments to grow, to minimize the long-term financial burden of college expenses. 

This episode answers these questions:  

Connect with host, Jack Wang: https://www.linkedin.com/in/thejackwang/ 

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Navigate college funding with me at www.smartcollegebuyer.com 

The content of this podcast is for educational and informational purposes only and should not be considered financial, tax, or legal advice. Nothing in this podcast is a recommendation or solicitation to buy or sell any financial product or service. Every family’s financial situation is unique, so always consult with your own financial or tax professional before making any decisions. While we do our best to provide accurate and up-to-date information, we can’t guarantee its completeness or accuracy. Past performance is not indicative of future results. Your mileage may vary. No warranties, express or implied. Batteries still not included.