1. I feel confident that colleges will give me all the money I need for my kid’s education just based on my applying for financial aid.
2. I prefer the service I receive from my current advisors who do not specialize in college funding.
3. I have plenty of time to attend college fairs at my kid’s high school, search the internet and talk with other parents about what they did and got for financial aid.
4. I believe my current commission based advisor provides impartial and objective advice and does not need any advanced study to properly advise me how to lower my out-of-pocket cost of a college education. He’s been in business for 10+ years.
5. I prefer to be the cool parent that pays the retail cost of college rather than the smart parent that pays wholesale prices.
6. I believe that my current advisor can tell me how to arrange my income and assets, file the financial aid forms and the best order to withdraw my college savings in order to not increase my expected family contribution.
7. I have an unlimited pocket book. The escalating cost to educate my three children – doesn’t concern me. I have the assets and cash flow to pay for their college educations without affecting my cash flow and or depleting my assets.
8. I can pay $15,000 – $40,000 each year for 4 years, followed by another $15,000 – $40,000 for another 4 years, followed by another $15,000 – $40,000 for 4 years – without affecting my retirement or shortchanging child 2 and child 3.
9. I don’t find the college funding process overwhelming. It was easy when I was going to school 20 years ago, how much could it have changed? All I have to do is fill out the FAFSA form, right?
10. I am not willing to find a Certified College Planning Specialist. It would take too much time and effort. It’s better to work with people I know and who know me, even if it costs me more because of their lack of knowledge.