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Home > Articles > Send Your Child to College FREE
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| Send Your Child to College FREE |
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by GranMamma
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College is one of the largest expenses through the course of your child's life. It is also one of the main causes of debt in America. With today's rates of inflation, it is very hard to save for an event that will occur eighteen years down the road. However, capitalistic America has provided many ways to send your child to college without paying a single red cent. Below you will discover just how easy it is to reach financial freedom
Property near college campuses has always been a prime investment arena. Now,it can be the key to funding your child's education. Three months before your son or daughter starts college, buy a well-maintained home within two to three miles from campus. When choosing a house, keep the following in mind. - Make sure the home has at least four bedrooms. This creates a maximum rental and sell value.
- Take out the largest mortgage possible.
- Furnish the home from second-hand stores. (College student's aren't too picky. To find out, ask your nearest mother : )
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Financial Aid - when should I apply for
Many different types of financial aid are available to you in the form of scholarships, grants, and loans. With billions of dollars at stake, it is important to begin the search process early and to apply on time. Follow these guidelines for applying for financial aid:
Three to four years before you plan to begin college� |
Make your son or daughter the property manager of your rental property
Making your child the property manager allows you to reap tax and business benefits, while also teaching your student about the business world. You could easily pay your child a small stipend to handle the responsibilities of a property manager. These include: - collecting rent
- inspecting the property weekly for cleanliness and damage
- renting the property when there is a vacancy
- contracting any repair work that is needed
- reporting to you on the property's financial and physical condition
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Federal PLUS Loans
Federal PLUS Loan
As a student entering college, it is very unlikely that you have a few spare checks lying around that you can cash and magically use to pay for college. Most college-aged students, ranging from late teens through mid-twenties, have no line of credit and cannot receive much money in loans if they need to do so in order to attend college. Therefore, a loan like the federal PLUS loan through the federal government and U.S. Department of Education makes it easy for you, as a potential college student, to use your parents� line of credit in order to gain financing options for your higher education.
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The salary you pay your child for being the property managemer is tax deductible. This deduction can go towards your student's books, supplies, or food expenses. Save on gas money when visiting your child. Another perk to owning rental property is that you are allowed a tax deduction twice per year in order to inspect any out-of-town property. The primary purpose of your trip must be inspection and maintenance of your property. However, visiting your child may be a secondary purpose. Be sure to document all trips and their purpose. Use the real estate Tax Deductions to generate extra cash. The depreciation deductions you claim each year on your rental property give you immediate cash, which can be used toward college expenses. Finally, your child has graduated and its time to sell your property. Use the profits from your investment to pay off your loans. At 8% per year appreciation, the property will be worth $ 20,000 - $40,000 more at the end of four years, depending on the original price. Because housing in college areas is in very high demand, your property's value should increase substantially. The best and easiest way to sell your property is to list it in the school and city newspapers with an ad that reads : “Send your child to college free. Call me for details!” Most likely, you will recieve calls in the first day or so. Inform your prospects of how rental property can finance their child's education. This key strategy will enable you to pay off any pending loans and leave your college student debt-free!
GranMamma is the webmaster at the Baby Names Box - Where you can explore over 6,000 baby names and their meanings.
Sub-categories include Disney, J.R. Tolkien names, Fantasy and Folklore names, and many names from the literary classics. Read articles ranging from parenting and family to home and gardening. Be sure to say hi to GranMamma!
babynamebox.com
[email protected]
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Compensation Resources, Inc. Releases Its 2003-2004 College Graduate Salary Survey
Upper Saddle River, N.J. - May 2004 - Compensation Resources, Inc. has released the results of its 2003-2004 College Graduate Salary Survey. The purpose of this study was to obtain compensation data and information on recruiting and hiring trends for recent and new college graduates. The survey sampled compensation data from 71 organizations, including 1,253 jobs
The results do not indicate any startling or unexpected results, and for the most part, they are consistent with other studies covering broader employee compensation trends. Among the most significant findings was that total cash compensation, which consists of salary and bonus/incentives, increased by a respectable 6.1%, even though salaries only increased by a modest 0.8%. This is consistent with the trend of increased use of variable pay elements by many organizations. Variable pay allows companies to offer competitive pay with upside potential, while controlling fixed overhead for payroll costs, and to some degree, lessening the impact of higher salaries on benefit costs (i.e., vacation and time off benefits, retirement, some insurances, etc.). Some additional highlights: |
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Scholarship Search � How to find free money for college
College students receive billions of dollars in scholarship money every year. How can you get some of this money to fund your college education
Start looking earl
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CareerBoard Helps Launch New Site Connecting Recent Grads with Employers in Michigan
Michigan employers will be able to electronically post entry-level jobs for college graduates and internship opportunities free of charge in a new collaboration. The Web site, HireMichigansBest.com is aimed at connecting employers with college students and recent graduates throughout the state.
Cleveland, OH (PRWEB) November 17, 2024 -- Michigan employers will be able to electronically post entry-level Detroit jobs and other Michigan jobs for college graduates and internship opportunities free of charge in a new collaboration.
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20 Scholarships for Study Abroad Offered to Educational Institutions Actively Promoting the Learning of Spanish
don Quijote, Spain�s largest provider of in-country Spanish courses in Spain and Mexico, is offering 20 scholarships to educational institutions presenting aggressive plans to promote the learning of the Spanish language. From today through December 14, universities, colleges, community colleges, high schools and language schools world-wide are invited to present their plans in Fundaci�n don Quijote�s second annual scholarship programme. Winners will be announced January 17, and will each receive a 2-week Spanish course in Spain and Mexico for the student of their choice.
(PRWEB) October 25, 2024 -- don Quijote, Spain�s largest provider of in-country Spanish courses in Spain and Mexico, is offering 20 scholarships to educational institutions presenting aggressive plans to promote the learning of the Spanish language. From today through December 14, universities, colleges, community colleges, high schools and language schools world-wide are invited to present their plans in Fundaci�n don Quijote�s second annual scholarship programme.
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