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The College Expense
Reduction Program
James Philbrook & Assoc.
Mostly Matters of Money.com
P.O. Box 372
Manchester, NH 03105
866-303-7686
www.mostlymattersofmoney.com
Jim@mostlymattersofmoney.com
Your Presenter: Jim Philbrook
James Philbrook & Assoc.
• Affiliated with 123College.com, inc., your Source for
College Financial Planning Information, Education and
Training. Since 1994, we have Developed Financial Aid
Analysis Software Annually, to Ensure Accuracy and Full
Compliance with the U.S. Department of Education’s
Complicated Financial Aid Formulas.
It's Expensive No Matter Where
Your Children Go!
• Average Cost of a Private
• It’s Not Just Tuition - Books, College/University is
Room and Board, Living Approximately $35,000 per
Expenses, etc. Year.
• 4 Years Can Easily Cost • Average Cost of a Public
$60,000 to $200,000...or More! College/University is

• Multiply by the Number of Approximately $15,000 per

Kids! Year.
• Costs Have Historically
• Keeps Going Up Every Risen at Three Times the
Year!
College Board 2006-2007 Rate of Inflation.
Actual College Costs
Including Tuition, Fees and Room and Board only, for the 2007-2008 School yr.

SCHOOL COST

BOSTON COLLEGE $46,734.00

BOWDOIN $46,260.00

DARTMOUTH $45,593.00

HARVARD $45,680.00

MASS INSTITUTE OF TECHNOLOGY $45,386.00

SOUTHERN NEW HAMPSHIRE U $31,976.00
Education Expense Estimate
College Choice: (SNHU) Years to Attend 2008-2012

1st Year College Costs: $34,214.00
(Tuition Room & Board, Fees)

Wardrobe, Transportation, Books,
Insurance, Medical, Personal, Etc. $ 5,000.00
1st Year Total $39,214.00

Total Cost of 4 year Education
(adding percentage of annual cost increases)
$174,108.00
State Schools increased an average of 8% for 2006-2007 and Private Schools 5.9%.
Up 35% in the past 5 years, according to USA TODAY 10/24/2006
The Fact Vs. The Fiction:
Who Is Eligible For Financial Aid?
The Fiction The Facts
1. Middle & Upper Middle Income Class
1. My Income is too High. Kids can Qualify.
2. My Child did not Win a 2. Need Based Aid Based on Income,
National Merit Scholarship. Assets, Number of Kids , etc.
3. If My Child does not Qualify 3. There are Millions of Dollars of Aid
for Need Based Aid, There’s for Kids with Academic, Artistic &
no Hope. Athletic Talent.
4. I Own a Nice Home. 4. FAFSA form doesn’t ask for Home
5. School People can Help. Equity, but the Profile form does.
6. It’s a Simple, Easy and Fair 5. Colleges are Businesses & are
Process. Concerned about their own Enrollment
& Finances
6. Many Believe it’s not Simple, Easy
or Fair.
How Do They Determine
If I'm Eligible?
COA – EFC = Financial Need
COA Stands for Cost of Attendance.
(Includes Tuition, Books, Room/Board,
Incidentals & “Ask-identals”)
EFC Stands for Expected Family Contribution
(Based on Parents’ and Student's Income,
Assets, Ages, Number of People in School.).
Financial Need is how much Aid your Family is
Eligible to Receive.

OUR GOAL: TO SHOW YOU HOW TO
OBTAIN THE MAXIMUM AID
PACKAGE ALLOWABLE
How To Get More Need-Based
Aid For College!
It is a Two Step Process.
1) Lower Your EFC
We Can Show You How To Re-Arrange Your Affairs To
Get More Money By Learning The Legally Established
Rules!
2) Find the Schools Which Will Provide
You with the Most FREE Money.
We Will Conduct a Customized College Search.
123College’s Database is the Most Advanced and
Comprehensive in the Industry.
Step 1: Example Of A Family
That Took Control! (hypothetical)
Family Before: Family After:
Adj. Gross Income: $75,000 Adj. Gross Income: $75,000
Non-Assessed Non-Assessed
Investments*: $0 Investments*: $70,400
Assessed Investments: Assessed Investments:
$120,000 $49,600
Number in Family: 4 Number in Family: 4
Number in School: 1 Number in School: 1

EFC = $20,467 EFC = $10,646

•Family Qualifies for up to $9,821 more in Financial Aid per Year,
or almost $40,000 over a 4 Year Span because They took the Time
to Understand the Process, Learned what They had to do ...and
TOOK ACTION!
*Non-Assessed Investments are not counted in the DOE formula for EFC calculation. See FAFSA
Step 2: It’s All Packaging!
School A School B:
Cost - $40,000 Cost - $10,000
EFC - $5,000 EFC - $5,000
Need - $35,000 Need - $5,000

School A: School B:
Meets 100% of need. Meets only 60% of need = $3,000
($2,000 short!)

What You Actually Pay
at Each School: (hypothetical)
School A: School B:
Total Cost - $40,000 Total Cost - $10,000
School Provides $35,000 School Provides $3,000
Cost to Parents = $5,000 EFC - $5,000
+ Unmet Need $2,000 =
Cost to Parents = $7,000
Types Of Aid
• GRANTS
• SCHOLARSHIPS
• Loans
• Work/Study

Sources Of Aid
• ENDOWMENT FUNDS
• Government
• Outside Sources
How Much Aid Is Available?

Estimated Student Aid by Source for Academic Year 2005-06
(Current dollars in billions)
Federal Loans $52.4
49.5%
Other Federal Programs
$4.9
4.6%

State Grant Programs
$6.5
6.1%
Nonfederal Loans $6.4
6.0%
Federal Campus-Based
$4.0
3.8% Federal Pell Grants
$11.2 Institutional and Other
10.6% Grants $20.5
19.4%

College Board 2005-2006
Customized Student Profile Report
A. Financial Needs Analysis: Survey Family Assets; Indicate the
Expected Family Contribution (EFC) in Your Current Situation and Show
You How Low it Could be if Your Assets are in Investments NOT Counted
in the Financial Aid Formulas.
B. College Aid and Enrollment Information: Everything a Family
needs to Know about the Schools Their Student might want to Attend
including: Admission Criteria, AP / CLEP Course Acceptance, Contact
Information, and the Financial Aid that may be Offered to you from each
Individual School.

60 to 80 Pages Loaded
with Information about the Presents the:
Student Profile Report

Colleges and Universities Prepared for:
The League Family
&
of Your Choice and Also Ivy A. League
1 University Drive
Collegeville, USA
Ones We Feel Meet
Your Student’s Criteria!
Prepared by:
123College.com, inc.
160 SW 12th Avenue, Suite 103B
Deerfield Beach, FL 33442
(888) 737-4123
How Do You Apply For Aid?
1. The FAFSA Form MUST be Filed to Receive Any
Federal Aid, Even to Get Low Interest Gov’t Loans.
2. The CSS (College Scholarship Services)
Profile Form is Required by most Prestigious
Programs.
3. School’s May Have Their Own Institutional Forms.
4. More Forms Required for Certain Families:
• Business/Farm Supplement.
• Divorced/Separated Agreement.
FAFSA Filing Service:
We Will File Your FAFSA Form FREE for All of Your
Students Undergraduate Years. This Ensures Prompt and
Accurate Filing to get You the most Aid.
The Early Bird Gets the Worm!

Ex: Page of an
Answer Sheet
Created in the
Customized
Student Profile
Report
We Help You Negotiate For The
Best Possible Package
• Some Schools Mis-Award.
• Some Schools Under-Award.
• Some Schools Will Compete with Other Schools.
What We Do For You:
The Three Step Process
1) We Figure out what Your EFC is for Each School and Determine how
much Aid They Normally Provide Someone In Your Situation.
2) We Analyze Your Financial Aid Packages And Distinguish True
Forms of Financial Aid from Creatively Named Bank Loans.
FINANCIAL AID PACKAGES ARE UNREGULATED!
3) We Write Letters to the Schools Requesting the Additional Aid You
are Entitled to, Down to the Penny.

IF YOU DO NOT KNOW EXACTLY WHAT YOU’RE EXPECTED TO PAY,
AND KNOW HOW TO READ THE AID PACKAGE (OFFER),
HOW CAN YOU NEGOTIATE?
Choose Your Board Test Study Guide:
We Provide Your Student with Kaplan’s Premier Edition SAT
OR ACT Book with Practice Test CD-Rom

OR
College and Career
Planning Assessment Tool
• Gives Your Student an Edge to Ensure He/She Graduates College in 4
Years or Less.
• Assists Your Student in Choosing a Major or Field of Study.
• Professional Resume Builder to Help Your Student get the Best Job
after College.
• Job Search and Salary Calculator
Our Promise To You!
1. Analyze your ability to qualify for college funding and to
what extent by computing your Expected Family
Contribution.
2. Develop “college planning” concepts that may lower your out-of-pocket
costs by increasing your eligibility for funding.
3. Assume annual responsibility for the completion of the complicated
FAFSA form (and, for an additional fee plus charges assessed by
CSS, we will complete the Institutional Profile form if required by any
college being applied to, as well as the required Profile Registration)
and, at no additional cost, complete such other forms as may be
required by individual colleges.
4. Provide a “college search” that evaluates colleges you have specified
and pinpoints others that offer the curriculum that fits your child’s
career goal and a variety of other specified criteria, also identifying
those schools that historically have offered a combination of high
monetary awards and strong educational values.
(continued)
Our Promise To You! (Continued)
5. Help you negotiate with colleges that offer you unexpectedly low
funding. We obtain information from you to maximize the awards,
evaluate the awards, and contact Financial Aid Officers on your behalf to
improve those awards when desirable or necessary, in our judgment,
while tracking progress.
6. Provide you with SAT/ACT practice study guide along with software
produced by the Kaplan Learning Centers and guaranteed to improve
test scores.
7. Review with you the “Student Aid Report” you’ll receive from the
government for accuracy and help you make any necessary corrections
of errors that might otherwise impede funding.
8. Help you complete all Stafford and Plus loan applications if these are
awarded to you as part of the college funding package.
9. Provide you with a toll-free customer service number to call with any
questions or any problems you may wish to discuss.
10. Provide access to a computer driven, comprehensive college and
career planning system.
What's Next?

1. Please Complete the Seminar
Evaluation Form.
2. Turn in the Seminar Evaluation
Form and Set Up an Appointment
Date Today. Time is Limited!

We are Here
to Help You !!!