Description
Examines personal financial planning for college, a critical consideration affecting areas from cash flow planning to income taxation.
Objectives
- Identify education funding strategies.
- Distinguish among the elements of the financial aid formula.
- Calculate the financial need component of financial aid.
- Identify the most common type of financial aid.
- Recall the income tax treatment of the student loan interest deduction.
- Identify a consequence of a student loan default.
- Distinguish between loan consolidation, deferment, and forbearance
Highlights
- The planning process and gathering of information
- Assessing financial aid and funding methods
- Funding strategies and tax planning
- Integration with other areas of PFP