103. College Planning: The Importance of Starting Early

In this episode of the College Knowledge Podcast, sponsored by the College Planning Network and Paradigm Financial Group, hosts Dave Kozak and Joe Kerins discuss the critical need for early college planning. They emphasize the problem of procrastination and its consequences, particularly in relation to financial aid. They explain how the financial aid system uses prior tax returns to determine expected family contributions and how planning prior to January 1st of the child's sophomore year can help avoid financial complications. They highlight the negative effects of late planning, such as inflated college costs due to capital gains and other financial decisions.

The hosts stress the long-term benefits of early planning, including eliminating overpayment for college and reducing stress and debt. They recommend starting the college planning process in 8th, 9th, or 10th grade to ensure ample time for exploration and decision-making. They encourage listeners to visit EliteCollegiatePlanning.com for more information and to schedule a free consultation to gain a comprehensive understanding of their family's college planning needs. By planning early, families can make informed choices and optimize their financial strategies for college education.