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Mistake #5: Assuming all schools are created equal and will be able to give you the same amounts of money.

Reality: All schools are not created equal and will not be able to give you the same financial aid packages. Some schools are well endowed and get a lot of money from alumni and corporations. These schools have more money to give out and are generally able to meet most or all of a student’s financial need at their school. Other schools, like state universities, get no private funds and rely solely on state and Federal funds to help fill a student’s need at their school. In many cases, these schools leave students short and give them less money than they are eligible to receive. It can actually end up costing you more to send your child to a “cheaper” school if they don’t have the money to meet your need. It is very important that you know each school’s history of giving money before you ever apply, so you’re not blown away when you get a bad financial aid package from your child’s top school choice.

Do you want to know how to pay for college without going broke? Grab a copy of my book, The Essential Guide to College Financial Planning – How to pay for college without going broke. Paperback or Kindle version is available at Amazon – www.amazon.com/Essential-Guide-College-Financial-Planning

Would you like to learn more about How To Get Maximum Money for your Child’s College Education? Sign up for my FREE College Financial Planning Workshop & Webinar: Register for the FREE workshop & webinar here!

John Ensley
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John Ensley

A Dad, a Grandpa, an entrepreneur, a veteran, an adventurer and a consummate lover of life and liberty. My mission is to help you experience more financial security, confidence, safety, privacy and peace of mind.
John Ensley
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