Issue 10 • March 2008 

March Newsletter

In this issue we take a look at The Advisory Firm's newest project: myVizer.com and discuss some quick pointers for client's with children approaching college age.

The launch of myVizer.com:

What began as an idea only 8 months ago is now a fully functioning website designed to challenge, educate and inform consumers about financial planning. Through the help of a talented graphic designer and software engineer we were able to bring to life myVizer in a short amount of time. myVizer's purpose is to introduce planning and financial literacy in a fun, non-intimidating way.

I invite all clients to visit the website and share with your friends, associates and neighbors. We will continue to add features and update the site as we get feedback from clients and the general public.


Financial Aid basics for approaching seniors:

Parent's, you and your children can still secure financial assistance for their college education even if you have a family income of over $100,000.

Some basic steps:

  • Begin by submitting a Free Application for Federal Student Aid (FAFSA) online at www.studentaid.ed.gov.
  • Students who can demonstrate a need may recieve a subsidized Stafford Loan.
  • Even if no need-based aid is awarded completing the FAFSA paperwork may be valuable.

Stafford Loans: either subsidized by the Federal government or unsubsidized. (subsidized means the gov makes interest payments while the student is in school)

Perkins Loans: more favorable terms than the Stafford but only awarded to students with exceptional need.

PLUS Loan: Usually taken out by the parents. Rates are generally higher than the other loans.

Grants/Scholarships: if the school has a large endowment fund there is always this possibility.

Private associations/institutions: Organizations all over the country dole out money to students majoring in subjects in their specialties. Do your research on local organizations and professional groups.

Finally educate yourself on the difference of Federal vs. Private Loans. You need to understand what the terms are. See the reference link to a financial aid website above.

(information taken from Financial Planning article by Donald Jay Korn)

James A. Daniel,

This newsletter if for informational purposes only. The information contained within should not be considered as financial advice nor soliciation for financial services. Consult with your financial professional if you have any questions.

The Advisory Firm, LLC is a fee-only financial planning company and registered investment advisor.

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