Payless for College is the Hydroxychloroquine for College Financial Aid Issues!

Reecy Aresty

Port St. Lucie, FL / April 12, 2020: Paying for college can be easier than you think

An immediate concern at this critical time of year – the May 1^st non-refundable deposit deadline for families with a high school senior, is how to handle the upcoming cost of a 4-year college education that left a family short on financial aid.  

“What’s missing from the equation,” says admissions and financial aid expert, Reecy Aresty, “is how to properly appeal an unappealing financial aid offer and tap into qualify for the vast resources of the college, the private sector, the states, and the federal government,” he said.

His successes in appealing financial aid offers are legendary, and for the 2019-2020 school year he increased a Trinity College award from $15,500 – $46,575!  This year is not over yet, so please contact him ASAP!

In his critically-acclaimed book, How To Pay For College Without Going Broke, there are 38 income planning strategies that are legal, time-tested, and guaranteed to work. “While each of these will not apply to every situation,” Aresty said, “most families will be able to take advantage of many techniques. Implementing just one will lower their expected family contribution (EFC - the minimum the federal government determines a family will pay for college),” he said and offered the following advice:

• Since students have no asset protection allowance and each year lose 20 cents in financial aid for every dollar they have, they should cash in savings bonds and reduce savings account balances to less than $100.
• For UGMA or UTMA accounts Aresty recommends:

     Repositioning into financial vehicles that are excluded from the financial aid calculations.  These were irrevocable gifts to the student(s), and extreme care is necessary to legally avoid any issues.                               

• Students have an income protection allowance of $6,570 (2020) and must be aware that for every additional dollar earned, they lose 50 cents in financial aid.
• Parents need to know how much their asset protection allowance is to avoid losing 5.64%/yr for every dollar over it. They should consider:

1. Gifting
2. Setting up a small business, or
3. Repositioning into financial vehicles excluded from the calculations (preferred)

• Many divorced or separated parents will be able to benefit from of Aresty’s ambiguous non-custodial parent strategy™ and legally cut the cost of college by as much as 90%. 

View all articles by Reecy Aresty