Do you know where you can bring your previous tax returns and will they give them a "second look"?
Commercial advertising example from
Those who "think that they can do it themselves" from
Or who gets the help of the wrong person [their brothers, focus on everything "professionals", and specialize in nothing, etc.] - from
It eventually caused them to lose thousands of dollars. from
In essence, the taxes they ultimately pay to the government exceed the absolute necessary taxes.
Now, with good news about taxation, there may be "redo". with, University scholarships and financial aid are very similar to taxes in the following areas:
- Have a table archive [just like taxes]
- You must submit a form to the student each year [just like you submit a tax return each year]
- There is a formula based on income and assets that is used to calculate the amount you expect to pay to the university [just as the formula applies to your income to determine your tax return]
- There are rules and vulnerabilities to manage this formula [just like taxes and discounts and exemptions in yours]
- Some strategies can use rules and vulnerabilities available to the home, and if implemented, can reduce the cost of the expected payment. [Like a good tax accountant or tax attorney can set a tax reduction plan for you]
But the tax and financial assistance here are different: if you make a mistake, don't do it!
Thousands of families make mistakes every year, eventually leading them to lose thousands of dollars in scholarships and financial aid. The fees they paid for the university exceeded the absolute necessary fees.
Most people never realize that what they don't know is that their wallet and budget have been compromised. They borrowed more than they needed, and they didn't have a vacation or a new car they really needed.
Or their students have committed so much debt, they may never pay off, and they will never withdraw from it [the student loan debt cannot be lifted in bankruptcy]. This is not a beautiful photo.
But let us say that you made a big mistake in the first year, and you found this mistake in the second year. You can't get "do" in the first year. Unlike taxes, you can submit a corrected tax return and get a refund. In the case of college financial assistance, you cannot submit a revised form and say "Hey, we made a mistake. We made a mistake. We Also paid $ 7,000. Should we get it back?" [You can submit the revised form, but the college won't give you money back].
Now you are thinking - "Well, at least if I find it to be the second year, then I can save $7,000 in the second year, right."
Maybe. But I don't expect it. You see, there is no requirement for the college to give you financial assistance. And, once you promise to go to college, they have less motivation to help you [because you are "finishing the deal" - you are coming].
You see, many times, colleges are willing to bet you no matter what happened - after all, where are you going? You have been investing for a year, you don't have a degree yet, so they are willing to take the risk that you may leave because you may have a better chance.
No way.
It is not the first mistake. After you go to college, you lose any leverage and negotiate power - no matter what you want. Before you invest in a particular school, when you have the greatest influence on the university [unless you make other mistakes, but that is another time]. If you want the best results, you must be proactive.
You can't wait until the last minute, or try to ask for help after you make a mistake. There are very few things that can be done at that time.
Jack* and his family first learned this. When Jack was a junior, they considered getting help in college selection, application, and financing. They know something they don't know. However, they think they can solve this problem themselves, because getting help may cost them some money.
By the end of the first year of Jack University, they were looking for help with "redo". Jack has just completed his college for a year, and his parents now have a $26,000 loan, which makes it a reality. They are looking for help because they can't do it in the sophomore year. Jack and his family made a lot of mistakes in their own college plans - he didn't make the strongest judgment for himself, and his parents asked him to accept a quote from a university that had a bad financial aid, they even Less financial aid than they should have [from a school that is not the best school for financial aid] because they made at least seven mistakes in completing their financial aid paperwork.
They corrected these mistakes in the second year of paperwork: they expected to pay $8,500 less in the sophomore year than they should pay for the freshman year.
They made a mistake of $8,500 in their freshman year.
Guess how much financial aid they provide for the second year of Jack. compression. Nada. No. They received the same amount of financial assistance in the second year of their sophomore year. The college is willing to bet that he will not leave [and that he is not a strong enough student to motivate them to help him stay].
Now, what if they pre-invest in the money? Then, the $8,500 mistake they made in the first year of college would not happen. Other universities that recommend increased financial assistance. Jack will be impressed at the admissions office, so the college has the motivation to offer him the best offer to attract him to their campus. It may be possible to negotiate with the university to get a better deal.
Of course, it is expected to cost some money. But let's take a look at $8,500 [not to mention the extra bonuses in the scholarship, etc.]. After deducting the cost of getting help first to avoid mistakes, they still get at least $26,800 in extra pockets at the end of the four years. It will be $26,800 and will not be borrowed; Egypt can invest in a retirement fund; or be invested in Jack's Brother University fund. They can use the money in many ways.
They are a penny and a dollar is stupid.
Unfortunately, nothing has been done.
Orignal From: Photoeconomic aid: no "doing not enough"
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