731. FINANCIAL AID HORROR STORIES

Getting into your top choice college may feel like a dream come true, but figuring out how to pay for it can turn into a nightmare, especially when you don't know what you're doing. Amy and Mike invited financial aid expert Howard Freedman to recount some financial aid horror stories. What are five things you will learn in this episode? How can transferring assets to reduce assisted living costs hurt a student? How can failing to report reportable assets on a financial aid form reduce financial need? What is the impact of grandparents giving money to their grandchildren for college? How can failing to establish accountability lead to family stress? How can getting a jump on financial aid forms turn into a timely mess? MEET OUR GUEST Years after founding Financial Aid Consulting, Howard Freedman was recruited to oversee the ACCESS Program at Boston Public Schools. This position broadened his experience by providing financial aid services and scholarships to over 2,700 high school seniors at more than 20 schools. Consequently, he received a citation from the Massachusetts House of Representatives.  He graduated from the College Board's Financial Aid Institute and completed ongoing training with experts from college financial aid and admissions departments. This helped me gain a better understanding of how these organizations are taught and operate.  He was a member of the Massachusetts School Counselors Association (MASCA) and the Massachusetts Association of Student Financial Aid Administrators (MASFAA), where he connected with college representatives and guidance counselors to gain diverse perspectives on higher education and student support. Howard assumed leadership roles in professional organizations while also becoming a public speaker and author for national publications on general topics and college-related issues. A substantial collection of his articles and podcasts is available at Financial Aid Consulting. He is also a highly regarded author of three editions of Making College Happen.  For over twenty years, he has consistently empowered his clients by teaching them how to make objective decisions to evaluate the most affordable colleges and other forms of career development. He is also an author, comedian, podcaster, financial analyst, public speaker, and friend to his clients. Howard can be reached at Financial Aid Consulting. LINKS Making College Happen: An insightful guide to making savvy financial decisions and cutting college costs RELATED EPISODES BUSTING MYTHS ABOUT HOW TO PAY FOR COLLEGE WHAT DO FEDERAL POLICY CHANGES MEAN FOR FINANCIAL AID? FIRST IMPRESSIONS OF THE BETTER FAFSA WHAT IS THE CSS PROFILE? ABOUT THIS PODCAST Tests and the Rest is THE college admissions industry podcast. Explore all of our episodes on the show page. ABOUT YOUR HOSTS Mike Bergin is the president of Chariot Learning and founder of TestBright, Roots2Words, and College Eagle. Amy Seeley is the president of Seeley Test Pros and LEAP. If you're interested in working with Mike and/or Amy for test preparation, training, or consulting, get in touch through our contact page.