College tuition costs continue to rise, straining families already struggling with the worst inflation in decades, but it is possible for parents to keep their children enrolled without sacrificing their financial future, experts say.
That’s the latest from local best-selling author and college admissions and financial aid expert Andrew Lockwood, J.D., who revealed how high-income families can comfortably afford college during turbulent times without scrimping their lifestyle or raiding their retirement savings.
“Paying full price is a choice, it is not an obligation,” he said during a webinar hosted by Long Island Press parent company Schneps Media. “Even if you’re earning six or even seven figures, you don’t need to pay full price, necessarily.”
He noted that the average tuition discount at a private university is more than 54%, according to the National Association of Collegiate Business Officers.
On the webinar, he shared little-known, closely guarded strategies that can save you thousands off the cost of college – even if you think you can’t possibly qualify – and help multiply odds of admission to top colleges.
For example, he detailed the strange reason a Huntington family negotiated an extra $38,000 annually from the University of Pennsylvania after Penn’s so-called “final offer.”
The tips included how to negotiate with colleges, how to legally hide your money from the financial aid office, the politically incorrect truth about what it takes to get into a top college today, and the counter-intuitive reason why an expensive private college can actually cost less than a so-called cheaper state university.
He also shared tips on why high income families have an edge when it comes to getting aid from colleges, how business owners can use it to unlock cash buried in their businesses and how to avoid having your guidance counselor may sabotage your child’s odds of admission to a top college or getting scholarships.
To view a full replay of the webinar, visit https://youtu.be/GZoF-yo8teQ
To learn more about Lockwood College Prep, visit lockwoodcollegeprep.com
For more webinars visit schnepsmedia.com/webinars.