Bay College Planning Specialists

Get in College|Stay in College|Without Going Broke

Free Money for College

Tues. April 10, 2012

Eastern

2:30 pm

Central

1:30 pm

Mountain

12:30 pm

Pacific

11:30 am

What You Will Learn:

1.  Insider strategies to access free money for college.
2.  A proven road map to get all your children through college without depleting your nest egg.
3.  How to easily put together a sound funding plan to pay for college.
4.  Uncover practical and useful tools that allow parents to implement simple systems that produce consistent and sustainable revenue results.
5.  Discover what every parent needs to know to relieve the stress of paying for college.
6.  By implementing Dan’s sound and proven strategies, parents with college bound students can rest easy at night.

As a registrant, you will be able to login and see the replay anytime, at your convenience, starting five business days after the live session.


Senior partner at Bay Area College Planners, Dan Evertsz, has helped hundreds of working class families get funding for college. Over the last 32 years, Dan is known as an expert in the education arena. Dan Evertsz, The CollegeMoneyPro, delivers an engaging and information packed program that empowers you with the knowledge you need to easily fund and secure your child’s college education. Dan provides you with practical advice, future changing strategies and real life successes that will allow you to create a clear path to funding college.

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Filed under: College Planning, , , , , , , , , ,

Andrew Cuomo’s “Code of Conduct” Plan: The Best Attempt To Stop “Predatory Lending” In the Student Loan Industry

If you are a parent of a college bound student or a student trying to finance your education on your own, you owe it to yourself to throughly investigate Andrew Cuomo’s campaign to expose and indict the student lending industry. This information could save you thousands of dollars and millions of headaches!

In June of 2008, Attorney General Andrew Cuomo of New York outlined and implemented a Code of Conduct plan for the 6 largest student loan lenders. Cuomo’s characterization of Student Loan lending institutions as purveyors of “predatory lending” practices is the most accurate and hard hitting characterizations of the industry by a politician yet.

Cuomo’s plan includes the following 7 provisions:

1. Ban on Financial Ties. Lenders are prohibited from giving anything of value to any college in exchange for any advantage sought by the lender. This severs any inappropriate financial arrangements between lenders and schools and specifically prohibits “revenue sharing” arrangements.

2. Ban on Payments for Preferred Lender Status. Lenders may not pay or give colleges any financial benefits whatsoever to get on a college’s preferred lender list.

3. Gift and Trip Prohibition. Lenders are prohibited from giving college employees anything of more than nominal value. This includes a prohibition on trips for financial aid officers and other college officials paid for by lenders.

4. Advisory Board Rules. Lenders are prohibited from paying college employees anything of value for serving on the advisory boards of the lenders.

5. Call-Center and Staffing Prohibition. Lenders must ensure that employees of lenders never identify themselves to students as employees of colleges. No employee of a lender may ever work in or providing staffing assistance to a college financial aid office.

6. Disclosure of Range of Rates and Defaults. Lenders must disclose to any requesting school the range of rates they charge to students at the school, the number of borrowers at each rate at the school, and the lender’s historic default rate at the school. This will ensure that schools will have the information they need to select preferred lenders who are best for students and their families.

7. Loan Resale Disclosure. Lenders shall fully and prominently disclose to students and their parents any agreements they have to sell loans to any other lender.

Look at these provisions carefully. Would you want to collaborate or become a customer of an organization that is being reprimanded for provisions 2 and 3. Essentially these are rules against kickbacks. Does it not make sense to search for an alternative to the stratospheric, exorbitant costs of college tuition loans?

What would you rather have as your plan to finance a student’s education:

High interest rate and long term loans that create financial unrest for your family for years or a financial plan that allows you to take advantage of the millions of dollars of government financial aid that goes untapped every year?

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Filed under: Admissions, Banks, College Financing, Consultants, Graduation, Major, Med School, Out of State Tuition, Parental Guidance, Public Service, Recruitment, Refinance, Scandal, Scholarship, Students, Tuition, Universities, , , , , , , , , , , ,

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