edCelerator Parents

So how much can YOUR FAMILY save? For the Georgetown student mentioned on the College Planning tab, the family needed to fund $25,000 per year - after receiving $30,000 in annual financial aid) for four years. The family indicated they could afford $1,000 monthly for college. The family needs $100,000 for college and - until now - had seven (and only seven) choices: (Values as of 1/6/10)

(1) Cash - $12,500 twice per year; college cost is $100,000;

(2) The "Ten-Pay" program - $2,500/month (above $1,000 budget); cost is $100,000;

(3) Their 401-k Plan (a terrible option) - $2,500/month; cost about $150,000;

(4) PLUS loans (9.38%) - $1,275/month for ten years; cost is (with interest) $150,464;

(5) "State" loans (i.e. NJCLASS) - $1,135/month; cost is $215,955

(6) Private parent loans (variable rate, NO caps) - $641/month (for 25 years!); cost is $192,439

(7) Private student loans (variable rate, NO caps) - $1,523/month (25 years); cost up to $456,832.

Instead, they chose the new, eighth way - the edCelerator™ - which provides them an out-of-pocket college cost of $50,340! The family will remain on-budget ($1,000/month) and will have the college loan paid off in just over eight years (not 25!). For details, please contact your edCelerator™-Certified College Planner or register for one of our convenient online Workshops, where you can explore how well the edCelerator™ system will work for your family.

Put simply, parents need to finance college the Right Way and not the Wrong Way.

Talk to us. We can help.