CASE STUDY - "WE ALREADY TALKED TO A COLLEGE PLANNER. THEY SAID WE WON’T GET ANY MONEY."

The Grant Family

We met the Grant Family in late 2014. Lola, their daughter, was sandwiched between a sister already in college and a younger sister also in high school. What made this case unique is that this family already consulted with another college planning group here in Atlanta. This “college planner” told the family that they would not get any college financial aid or scholarships because “they made too much money.”  They did, however, offer to take their existing assets under management. Was this planner more interested in their money or more interested in helping Lola get into and afford a great college? This is a classic example of why all college planners are not the same.

Lola took the time to explore her career options, prepare for her tests, and review her college selections. She was accepted into all 5 of the colleges where she applied. Did she get any college money? Let’s just say that they are glad that they didn’t let their first encounter with a college planner create a false outlook on their college plans. It's a shame that there are some planners out there that are giving you the wrong information. Not all college planners are created equal. Not all have a thorough understanding of how financial aid really works.

Lola (2016 Grad) - 3.7 GPA / 29 ACT Score

$225,275 - Adjusted Gross Income

$61,655 - Stocks & Mutual Funds

$4,095 - 529 Plan

$7,200 - Money Market

Final EFC - 25,327

Results

Wofford College

$53,539  - Cost of Attendance

$27,600 - Grants / Scholarships

$25,939- True Cost

Georgia College and State University

$27,299 - Cost of Attendance

$6,240 - Grants / Scholarships

$21,059  - True Cost

Guilford College

$48,760  - Cost of Attendance

$21,000 - Grants / Scholarships

$27,760- True Cost

Birmingham-Southern College

$45,478  - Cost of Attendance

$25,000 - Grants and Scholarships

$20,478 - True Cost

High Point University

$49,727  - Cost of Attendance

$12,460 - Grants and Scholarships

$37,267- True Cost


Grant College Savings

True cost reflects out-of-pocket cost without student loans.