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CFS' Mission: To help your clients save on the cost of college and help you grow your business
This issue focuses on the following topics:
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A Lesson in Paying for College
The GOOD NEWS: Is delivered in this two-minute video about the challenges facing families with college-bound children and how YOU can help them overcome the bad news and grow YOUR business. This video is available to you through CFS!
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How to Manage More of Your Clients' Money With College Planning
The easiest way to manage more of your clients’ money is to help them avoid liquidating managed assets for major expenses like college funding.
During the college years many of your clients will liquidate significant amounts of managed assets to help pay for astronomical college costs. With four-year college costs at many private colleges currently as high as $200,000+, that’s a big chunk of money that you’ll no longer manage unless you can provide your client with alternate methods of funding college.
The question is how?
With CFS, you can help your clients reduce their out-of-pocket costs and protect more of their assets that might be used to fund college costs otherwise.
Financial Services Professionals that license the highly-acclaimed CFS college-planning software now have access to college scholarship information in the CFS-generated college planning reports.
Why is this actionable information so valuable for you and your clients? Three primary reasons:
- The vast majority of scholarships – money that does not have to be paid back - comes from the schools and is awarded based on the student’s academic performance (SAT/ACT scores, GPA, etc.). Therefore it makes sense to target merit money available at the school for qualified candidates. This information will enable you to demonstrate to the family how they can best position themselves to be eligible for and to obtain the scholarships.
- Many of your more affluent clients – for whom you manage significant amounts of assets – have students who are high achievers and who will likely consider very expensive private colleges ($50,000+/year in total costs). They may be forced to liquidate a very significant amount of assets unless they are able to secure scholarships that would help to offset their out-of-pocket college costs. Merit scholarship awards can range from $4,000 to $35,000 (the average value of a scholarship in the database is $8,577) so you can help you clients save between $16,000 and $140,000 over four years in managed assets that might otherwise be liquidated.
- Being able to highlight school-specific scholarships the student qualifies for based on academic performance and toshow the family how to obtain them makes you an indispensable resource for your client. This actionable information, which they could not easily acquire otherwise, will help them reduce their out-of-pocket costs.
The scholarship information in the CFS reports is one more way that you can help your clients with college-bound children save on and not just save for the cost of college and manage more of your clients’ money over time.
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Latest CFS Strategic Partnerships
LPL Financial:The premier Independent Broker/Dealer and CFS are partners. Read press release!
NAPFA: The premier fee-only association and CFS are partners.
Read press release. Visit the CFS/NAPFA website!
Campus Door: CFS and this provider of private student loans to credit unions and community banks have entered into a unique partnership.
Read more
First Choice College: CFS and FCC are collaboraters in providing the new merit-based scholarship information in the CFS reports.
Read press release
Question: What do these new partnerships indicate?
Answer: That CFS is now widely regarded as the premier web-based college planning and funding solutions provider and industry leaders are eager to partner with CFS. You can judge CFS by the quality of our partnerships. |
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Recent Enhancement and New Service Offerings
- Web-based Prospecting System
- Leverage the web to generate prospects for your college planning servcies
- School specific merit-based scholarship information in the CFS reports
- HUGE value add for all families, at ANY income level
- Makes you look like a hero to your clients
- Seminar and one-on-one PowerPoint presentation
- Perfect for educational settings (seminars) OR one-on-one meetings with prospects. Simply turn on/off the appropriate slides based on the audience
- Integrates perfectly with the services you are able to deliver through CFS
- College Ed Xpress e-newsletter for clients and prospects
- Each month College Ed Xpress delivers relevant, actionable and concise information, specifically for parents of high school seniors and juniors. These families are either just begining or are in the throes of the complex, confusing, stress-inducing and often-times bizzare process of college admissions and financial aid. Incredibly, virtually all college literature on these subjects is targeted to the student; leaving the parents - who generally paying most of the bills - stumbling in the dark
- College Ed Xpress is available as an add-on to the branded websites and the prospecting system.Learn more on our website
- COMING SOON - College funding cash flow model! What do you do when a family asks you for college funding help and they tell you: "our child is going off to college in a few months, we need to come up with $12,000/year out-of-pocket and we don't have the cash flow. What should we do?" With the CFS Cash Flow model, you'll be able to help many families in this very common situation. You'll be able to show them how to increase cash flow, pay for college AND increase retirement account contributions during the college years!
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This live demo will take you on a 45 minute test drive of CFS and will answer the questions:
- What does CFS do
- How does it work
- What's in it for you
Visit our Webinar Signup page to register. Invite your colleagues to attend.
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"Your software is light years ahead of anything else we have seen."
Joseph S. Messinger, CCPS, ChFC, CLU
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