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069: Preparing for College Education: Making Sense of Student Loans, 529 Accounts and FAFSA with Mark Kenney

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Manage episode 455007034 series 3001511
Content provided by Jamie Fallon, Derek Gregoire, Keith Ellis, and Matthew Peck. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jamie Fallon, Derek Gregoire, Keith Ellis, and Matthew Peck or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In recent years, there has been plenty of talk about the burden of paying for a college education, and student loan forgiveness has been a hot topic. If it’s in the news, then weighing on the minds of our clients.

That’s why we’re so grateful to have Mark Kenney, CERTIFIED FINANCIAL PLANNER and CERTIFIED TAX SPECIALIST here at SHP Financial. With college tuition soaring, preparing for your children’s or grandchildren’s education is more important than ever.

In our conversation, you’ll learn some shocking truths about how much student loan debt is being carried in the US, which assets are included in FAFSA’s (Federal Application for Student Aid) calculations, and which aren’t, and 529 accounts are a great way to save for college education.

In this podcast interview, you’ll learn:

  • Why most of the $1.75 trillion in student loan debt is being carried by people over 60 years of age.
  • How to differentiate between the assets that are included and excluded in FAFSA applications.
  • Some of the myths about 529 accounts and why they’re an important part of a college education plan.
  • The eligibility requirements, interest rates and repayment terms of Parent PLUS loans.
  • Mark’s advice on how to decide between helping to pay for college education vs leaving a legacy with your investments.

Want the Full Show Notes?

To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit SHPfinancial.com/podcast

Connect With Us on Social

  continue reading

88 episodes

Artwork
iconShare
 
Manage episode 455007034 series 3001511
Content provided by Jamie Fallon, Derek Gregoire, Keith Ellis, and Matthew Peck. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jamie Fallon, Derek Gregoire, Keith Ellis, and Matthew Peck or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In recent years, there has been plenty of talk about the burden of paying for a college education, and student loan forgiveness has been a hot topic. If it’s in the news, then weighing on the minds of our clients.

That’s why we’re so grateful to have Mark Kenney, CERTIFIED FINANCIAL PLANNER and CERTIFIED TAX SPECIALIST here at SHP Financial. With college tuition soaring, preparing for your children’s or grandchildren’s education is more important than ever.

In our conversation, you’ll learn some shocking truths about how much student loan debt is being carried in the US, which assets are included in FAFSA’s (Federal Application for Student Aid) calculations, and which aren’t, and 529 accounts are a great way to save for college education.

In this podcast interview, you’ll learn:

  • Why most of the $1.75 trillion in student loan debt is being carried by people over 60 years of age.
  • How to differentiate between the assets that are included and excluded in FAFSA applications.
  • Some of the myths about 529 accounts and why they’re an important part of a college education plan.
  • The eligibility requirements, interest rates and repayment terms of Parent PLUS loans.
  • Mark’s advice on how to decide between helping to pay for college education vs leaving a legacy with your investments.

Want the Full Show Notes?

To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit SHPfinancial.com/podcast

Connect With Us on Social

  continue reading

88 episodes

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