College Benefits Research Group Co-Founder, Steven Sirot, Featured On Personal Finance Site
-College Planner discusses the impact of outside income towards college financial aid-
Roseland, NJ –Many grandparents would like to financially help their grandchildren go to college, but are confused where their funds should best be placed.
Steven Sirot, Co-Founder, College Benefits Research Group (CBRG), was recently interviewed by Karin Price Mueller, NJMoneyHelp, where he discussed how monetary gifts from grandparents can affect the process of filing for financial aid. When asked about the impact these funds have on the student or family income in regard to the Expected Family Contribution (EFC) calculation, Sirot stated, “It would be preferable for the grandparent to gift the funds directly to the parent, and they can then use the funds to pay the college bills if they wish.” Sirot continues, “Even though the gifted assets to the parents would still be counted, it would have a much lower impact on the financial aid calculation.”
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NJMoneyHelp.com was founded by Karin Price Mueller, an award-winning journalist who has been answering money and consumer questions for decades via The Star-Ledger, Inside Jersey NU.com, Consumerist.com and other trusted resources.
College Benefits Research Group (CBRG) is a full service, college planning organization. They work with high school students and their families to find the right academic, social and financial “fit,” and help them pay for college without going broke. With CBRG you get everything in one place; highly credentialed academic guidance; specialized online tools; proprietary data and college specific financial expertise. They guide families through the entire college selection and application process and beyond.
CBRG hosts free community workshops which provide methods and strategies for families looking to afford college – not just for their first child – but for every child in the family. This workshop is a rare opportunity for college bound students and their parents to receive valuable information on finding the right fit for their student financially, academically and socially. It is the first step every family of a high school student should take. Sign up information for workshops in your community can be found on https://cbrg.info/class-schedule/. CBRG works with families with children as early as the 9th grade.
Their three prong model in the college planning arena is innovative and effective in order to develop a college game plan that works for everyone. CBRG has appeared in numerous print and broadcast media outlets.
For more information, please visit: www.cbrg.info