STEP 10: Be Prepared for the Following Year
Be Prepared for the Following Year:
You made it to the last step which is BE PREPARED.
Be prepared for everything.
The first thing that you’ll want to do is get started on this whole process sooner than later.
When it comes to funding, you need time on your side. I hope that you've recognized this in all these videos.
When it comes to financial aid, you have to reapply every single year.
You want to make sure that you gather all your documents and complete your tax returns as soon as possible so you can get your financial aid forms in every single year on time to ensure that you’ll qualify for the financial aid that you deserve.
Now remember, not everybody qualifies for financial aid and as you can probably see, most of the time, if you are a middle or high income earning family, there will still be some sort of net out-of-pocket that you are going to have to pay.
Be sure to create a funding plan as soon as possible. I cannot stress this enough.
Long story short is you want compound interest coming in from your investments, not compound interest coming on loans that you are going to have to repay back.
You also want some financial clarity and serenity for your future as well. If you have any questions regarding this and you would like to schedule a time to actually get together and start to create your funding plan, contact our office today.