Examines personal financial planning for college, a critical consideration affecting areas from cash flow planning to income taxation.
Learning Objectives
Identify education funding strategies.;Distinguish among the elements of the financial aid formula.;Calculate the financial need component of financial aid.;Identify the most common type of financial aid.;Recall the income tax treatment of the student loan interest deduction.;Identify a consequence of a student loan default.;Distinguish between loan consolidation, deferment, and forbearance
Major Topics
The planning process and gathering of information;Assessing financial aid and funding methods;Funding strategies and tax planning;Integration with other areas of PFP
