Next Webinar is…

Tuesday, December 8th, 2009 at 7pm Central Time

Register Below

College Finances 101 has now come to the web. Attendees have been praising this ground breaking presentation for years; now you can participate in the comfort of your own home or at work.

In 90 minutes, I will cover the most important aspects of minimizing your students’ costs for college. You will learn…

• How parents can often send their children to expensive private colleges for less money than a state school.
• How to fix lost money caused by popular college savings plans.
• How to identify schools that give you more free money.
• The great myths and misconceptions about college funding that can cost you thousands of dollars.
• What assets are penalized 4 times higher than others when applying for help.
• Why waiting one year can cost you as much as $5,000.

“The information Mr. Anderson shared was
incredibly eye opening.” — Tricia Christiansen, Guidance Counselor,
Hampton-Dumont HS, Hampton, Iowa

“What an eye opener! We wish we had
attended this seminar sooner. This seminar has given us ideas and
information but also hope…” — Dave & Maria Sullivan, Rock
Island, Illinois

“He has provided our families with
invaluable information. Scott does an excellent job…” — Linda
Cutler, Guidance Counselor, Rockridge High School, Taylor Ridge,
Illinois

“Listening to all the options available
to pay for college encouraged us that we don’t have to sacrifice a
quality education because of a lack of money.” Pastor Scott & Tonya
Culley, Silvis, Illinois

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Kiplinger recently published an article comparing the average student debt and average income, state by state.  Obviously this is not a definitive comparison, but it does give more insight into college finances.

Although some of their college costs don’t add up (which is not unusual for many college rating sites), I did find many interesting results in their analysis.  Here are just a few…

The University of North Carolina at Chapel Hill is one of the most highly respected public universities in the country.  It is also one of the most affordable in-state and out-of-state.

The three states with the lowest percentage of college graduates with debt are:

• Hawaii – 35%
• Utah – 42%
• Tennessee – 47%

The three states with the highest percentage of college graduates with debt are:

• South Dakota – 81%
• North Dakota – 80%
• Iowa – 74%

The three states with the lowest average student debt are:

• Utah – $13,299
• Hawaii – $15,199
• Wyoming – $16,005

The three states with the highest average student debt are:

• Iowa – $26,210
• Arizona – $25,628
• New Hampshire – $25,466

Below is the summary map, produced by Kiplinger.  Click on the map to enlarge.

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Westwood College has published a great explanation of the typical student’s budget.  If you have ever wanted to know where a student’s money goes, you can check it out here…

Source:  Westwood College

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