Fred Amrein

[Fred Amrein @EFCPLUS]

Thanks and good luck to all. #CollegeCash

[Fred Amrein @EFCPLUS]

It was great being here. Go EAGLES #CollegeCash

[Fred Amrein @EFCPLUS]

A10) Focus on the outcome and not admission. It is not an experience but an evolution to being a productive adult. #CollegeCash

[Fred Amrein @EFCPLUS]

A8b) I mentioned early how critical debt structure is. Undergraduate loans have better terms than graduates school loans. #CollegeCash

[Fred Amrein @EFCPLUS]

A8a) I think this is critical in the financial plan. More careers required post grad studies to get the desired career #CollegeCash

[Fred Amrein @EFCPLUS]

A7b) Our EFC PLUS solution includes a family timeline that identifies these situations. EFC drives the award letter details. #CollegeCash

[Fred Amrein @EFCPLUS]

A7a) The most common and largest factor in the number of children in college at the same time will impact the EFC. #CollegeCash

[Fred Amrein @EFCPLUS]

A6b) Paying for college is one of the most complex and important personal financial decision a parent will make in their life. #CollegeCash

[Fred Amrein @EFCPLUS]

A6a) A proper paying for college strategy needs to include education tax strategies, saving plans, and student loan options. #CollegeCash

[Fred Amrein @EFCPLUS]

A5b) The cash flow is the HOW which will dictate the debt. The debt structure will drive loan repayment & forgiveness options. #CollegeCash

[Fred Amrein @EFCPLUS]

A5a) Debt structure is critical. A 4 year plan will determine what you will pay. What is often overlooked is the HOW. #CollegeCash

[Fred Amrein @EFCPLUS]

A4b) The student needs to envision the career income & student debt while in college which requires a custom financial outcome. #CollegeCash

[Fred Amrein @EFCPLUS]

A4a) Families need to focus on the financial outcome. Our EFC PLUS tool provides a 4 year cost analysis and cash flow analysis. #CollegeCash

[Fred Amrein @EFCPLUS]

A3b) Both loans, if the parent is the cosigner, will appear on a parent's credit report and affect their credit score if a default occurs.

[Fred Amrein @EFCPLUS]

A3a) It will depend on the cost of money and goal of the parent. Parents will be directly or indirectly responsible for both. #CollegeCash

[Fred Amrein @EFCPLUS]

A2b) Private Student loans normally require a co-signer which is typically a parent while the parent Plus is a parent’s loan. #CollegeCash

[Fred Amrein @EFCPLUS]

A2a) Private student loans normally have a variable interest rate while the Parent Plus is a fixed rate loan each year. #CollegeCash

[Fred Amrein @EFCPLUS]

A1a) If your financial need is greater than the average financial aid package then you have financial reach at that college. #CollegeCash

[Fred Amrein @EFCPLUS]

Great to wioth you tonight

[Fred Amrein @EFCPLUS]

Financial need = Cost of attendance – Expected Family Contribution or EFC. Financial Reach is a new term for many. #CollegeCash