Andy Lockwood, author of the guide How To Pay Wholesale for College, is coming to Weston to help families with their college financial aid questions.
A nationally recognized expert on finding college tuition breaks, Mr. Lockwood will share his strategies in a workshop titled, “Afford Your Child’s Dream College,” on Sunday, Oct. 28, at 7 p.m. in the Weston High School cafeteria. The event is free and sponsored by the high school PTO.
In his guide, Mr. Lockwood delights in identifying tuition breaks for parents who never expected to qualify. A self-described “attorney turned late stage college planning guru,” he tackles the college applications process with evangelistic zeal and blunt honesty, and says, “If you’re stressed about being stuck in middle class college finance purgatory, your only chance of getting out is to arm yourself with tested strategies to beat over-priced colleges at their own game.”
He speaks from experience. After college and law school, Mr. Lockwood found himself more than $100,000 in debt. “Paying with endowment-based grants and scholarships is a much better way to go than being stuck with high rate, high fee student loans that take years to pay down,” he explained.
Topics to be discussed at the talk:
- Which assets count against you in financial aid formulas.
- Why a private college might cost less than a public university.
- How to identify colleges that will compete for your student.
- The financial aid advantage for divorced parents.
- How to identify merit-based and need-based scholarships.
- The realities of 529’s.
- The tax consequences of gifting stock to pay for college.
- How to appeal a financial aid award.
In his guide, he says even millionaires can save $30,000 on the cost of college. “Fifty-three percent of eligible families don’t bother applying [for financial aid]. Don’t leave money on the table out of ignorance.”
This discussion is the second in an ongoing series of programs sponsored by the WHS PTO to help students and parents pave the way to college.