Case Study #1
Family’s Financial Profile:
- Family “may qualify” for Family Aid
- Parents had Adjusted Gross Income of $82,000
Assets
- $100,000 home equity
- $115,000 in retirement
- $7,500 in cash and savings
- $14,000 in credit card and auto debt
- Child had $18,000 in UTMA account
- $4,000 in cash and savings
Planet Tuition Strategies
- Certain assets were repositioned
- Retirement strategies were used to reduce parent’s taxable income (a tax scholarship)
Note: Specific Strategies used are proprietary to Planet Tuition
Results
- Family’s financial Aid was increased by $9,500 at Federal School
- Family’s financial Aid was increased by $16,250 at private institution
Case Study #2
Family’s Financial Profile:
- Family “will not qualify” for Financial Aid
- Parents had adjusted Gross Income of $164,000
Assets
- $175,000 home equity
- $400,000 in retirement
- $150,000 in stocks
- $25,000 in mutual funds
- $15,000 in cash and savings
- $27,500 in auto debt
- Child had $15,000 529 plan
Planet Tuition Strategies
- Substantial Asset reallocation
- Loan Consolidation
- Selected school which historically had good gift aid
- Tax strategies to increase cash flow
Results
- Increased cash flow to decrease college loans
- Parents received $4,700 at elite private college
- Family saved $17,000 first two years in taxes to help pay college costs
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Case Study #3
Family’s Financial Profile:
Family “will not qualify” for Financial Aid
- Parents have business in come of $140,000
Assets
- $200,000 in home equity
- $400,000 in retirement assets
- $400,00 in business equity
- $100,000 in Mutual Funds
- $15,000 in cash and savings
- Child has $2,500 in cash and savings
- Consumer debt of $25,000
Planet Tuition Strategies
- Employment and tax free fringe benefits strategies to help pay for college with pre-tax dollars
- The family would increase cash flow and avoid taking funds from business with a loan consolidation strategy
- Take advantage of new small business law
Results
- Family save $27,000 in income taxes per year to use to pay for college
- Family’s cash flow was increased $1,100 per month.
Note: These case studies are meant only to summarize results that can be achieved. These results aren’t guaranteed, but are indicative of past results.
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