For the Defense - Volume 3, Issue 1 - 2018 - 42

quarter. The points work like frequent flyer
miles. Each point is worth $1.00 in scholarships
at SAGE member schools. If your child attends
a SAGE member school, your accumulated
Tuition Rewards Points discounts can be used
at that school, spread evenly over four years of
attendance.
Another benefit of the Pennsylvania Section
529 Plan is that account ownership does not
affect eligibility for financial aid provided by the
state, such as state grants. Savings held in other
states' 529 Plans do not receive this protection.
However, for federal aid purposes on the FAFSA,
or Free Application for Federal Student Aid, a 529
Plan counts as an assessible asset at a maximum
rate of 5.64%. An assessible asset on the FAFSA
means that these monies count towards the
expected family contribution or the amount of
money each family is excepted to pay to send
their child to college per year.

Taking Action
The figures show us that with the costs of a
college education increasing, we cannot afford
to put off saving. One fact that rings true for all
families is that having a plan provides a sense of
relief. All of our plans will be different, but our
goal is the same - pay no more than your fair
share for your children's college education. Time
is money, put a plan in place sooner than later!
Notes
1. Pew Research Center, Education: The Rising Cost of
Not Going to College (2014), available at http://www.
pewsocialtrends.org/2014/02/11/the-rising-cost-of-notgoing-to-college/.
2. Kroeger and E. Gould, The Class of 2017, Economic
Policy Institute (2017), available at http://www.epi.org/
publication/the-class-of-2017/.

Click here to view and/or print the
full notes section for this article.

About the Author
Brock Jolly, CFP is a financial advisor with Veritas Financial,
LLC and the founder of The College Funding Coach. Their
educational workshop, "Little-Known Secrets of Paying for
College" is taught by over 75 advisors nationwide at schools,
businesses and community organizations across the country.
Advisors work with individuals to develop a customized
solution, determine eligibility for need-based financial aid,
and propose a plan to pay for college in the most efficient
way possible. He is based in the Washington, D.C. area. He is a
graduate of The University of Virginia. For more information, visit The College Funding Coach.
Bradley Wood is one of several College Funding Coach advisors based in the Commonwealth of
Pennsylvania, and is a part of MassMutual Eastern Pennsylvania. Advisors work individually with attendees
of their workshop to bring the information presented to ground level and develop a customized solution.
Eligibility for need-based financial aid is determined and a plan to pay for college in the most efficient
way possible is proposed. He also teaches a class entitled, "Solving the Student Loan Problem" throughout
The Greater Philadelphia/Eastern Pennsylvania area that teaches graduate professionals how to create
the most efficient and effective student loan repayment plan through the use of both federal and private
repayment programs. He attended Drexel University.

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42

For The Defense

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Vol. 3, Issue 1


http://www.pewsocialtrends.org/2014/02/11/the-rising-cost-of-not-going-to-college/ http://www.pewsocialtrends.org/2014/02/11/the-rising-cost-of-not-going-to-college/ http://www.pewsocialtrends.org/2014/02/11/the-rising-cost-of-not-going-to-college/ http://www.epi.org/publication/the-class-of-2017/ http://www.epi.org/publication/the-class-of-2017/ https://www.thecollegefundingcoach.org/

Table of Contents for the Digital Edition of For the Defense - Volume 3, Issue 1 - 2018

Contents
For the Defense - Volume 3, Issue 1 - 2018 - 1
For the Defense - Volume 3, Issue 1 - 2018 - 2
For the Defense - Volume 3, Issue 1 - 2018 - Contents
For the Defense - Volume 3, Issue 1 - 2018 - 4
For the Defense - Volume 3, Issue 1 - 2018 - 5
For the Defense - Volume 3, Issue 1 - 2018 - 6
For the Defense - Volume 3, Issue 1 - 2018 - 7
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