Smart College Buyer

How to Tell If Your Advisor Knows the Real Story About College Financial Aid | EP 29

College planning is full of well-meaning advice — but not all of it actually helps families make better financial decisions. In this episode, I break down some of the most common statements families hear from financial advisors and explain why many of them reveal a limited understanding of how college funding and financial aid actually work. 
From misconceptions about 529 plans and life insurance to oversimplified advice about community college transfers or merit scholarships, I walk through the phrases that should make you pause. The goal isn’t to criticize advisors — it’s to help families recognize the difference between generic financial advice and guidance that truly understands the realities of college costs and aid formulas. 
Recognizing Misleading College Funding Advice 
Many families assume that a financial advisor who understands retirement planning also understands college funding, but the rules governing financial aid are far more specialized. Statements like “you can borrow for college but not for retirement” may sound responsible, yet they often oversimplify how student loans and long-term finances interact. Advice involving annuities, life insurance, or other asset shifts can also miss key differences between FAFSA and CSS Profile calculations. 
Other common suggestions — such as relying on community college transfers for guaranteed savings or assuming strong grades automatically lead to merit scholarships — often ignore the nuances of admissions, transfer success rates, and institutional aid strategies. Understanding these distinctions helps families recognize when advice reflects real expertise versus recycled talking points. 
The Advice That Reveals a Lack of Specialization 
The college funding process contains layers of rules, formulas, and institutional policies that many general financial advisors simply don’t study in depth. 
(00:09:29) Financial Aid Mistakes to Avoid (00:12:27) Community College Transfer Challenges (00:16:06) College Admissions: Test Scores Explained (00:17:16) College Admission Factors Beyond Scores (00:23:29) 529 Plans and Financial Aid (00:28:38) Misguided College Aid Advice 
Understanding how aid formulas, asset treatment, and school policies interact can prevent families from relying on advice that sounds logical but doesn’t hold up in practice. 
Looking Beyond Simplified College Advice 
Families often assume that certain strategies automatically increase financial aid, but the reality is more complex. Multiple children in college no longer increase aid under FAFSA the way many people expect, and income appeals don’t always produce meaningful changes in aid packages. Even tools like 529 plans are frequently misunderstood in how they affect financial aid calculations. 
The key takeaway is simple: college funding requires its own specialized knowledge. When families understand the difference between broad financial advice and true college funding expertise, they can make more confident decisions about affordability, financial aid, and long-term debt. 
Connect with host, Jack Wang: https://www.linkedin.com/in/thejackwang/ 
*be sure to send a connection request with a message saying Hello! 
Navigate college funding with me at www.smartcollegebuyer.com 
The content of this podcast is for educational and informational purposes only and should not be considered financial, tax, or legal advice. Nothing in this podcast is a recommendation or solicitation to buy or sell any financial product or service. Every family’s financial situation is unique, so always consult with your own financial or tax professional before making any decisions. While we do our best to provide accurate and up-to-date information, we can’t guarantee its completeness or accuracy. Past performance is not indicative of future results. Your mileage may vary. No warranties, express or implied. Batteries still not included. 

Crafting Winning Scholarship Essays and Videos | EP 28

College scholarships often get treated like a lottery — something students try once during senior year and hope for the best. But the reality is very different. In this episode, I talk with scholarship expert Carlynn Greene about how students can approach scholarships strategically, starting earlier and applying smarter. Her experience winning more than $125,000 in scholarships shows that persistence, positioning, and preparation can dramatically change how families fund college. 
How Scholarships Actually Work 
Scholarships are often treated like a one-time lottery during senior year, but the reality is that they reward strategy, persistence, and thoughtful positioning over time. 
Scholarships reward strategy and persistence, not luck. 
Applications that require essays or videos tend to have fewer applicants and better odds than large sweepstakes-style awards.  
Targeting scholarships connected to your background, interests, or career goals helps you stand out in a smaller applicant pool.  
Starting early and thinking creatively opens far more opportunities.  
Scholarships exist for students well before senior year and continue throughout college. 
Local programs, niche awards, and community foundations often have fewer applicants and better chances of success. 
When students treat scholarships as an ongoing strategy instead of a last-minute scramble, they dramatically increase the chances of reducing college costs. 
Persistence and Strategy in the Scholarship Process 
Success with scholarships rarely comes from a single application. It comes from applying consistently, targeting opportunities strategically, and refining your approach over time. 
(00:09:48) Start Scholarships Early (00:10:59) Scholarship Tips for College Students (00:14:11) Scholarship Strategies and Success Rates (00:24:20) Tips for Video Scholarship Success (00:32:47) Intentional Guidance Ahead 
Making Scholarships Part of Your College Funding Plan 
Winning scholarships is less about luck and more about approach. Students who begin early, apply consistently, and focus on scholarships that align with their background or interests dramatically improve their chances. Smaller awards can add up quickly, and applying throughout college can continue reducing overall costs. 
Many of the best opportunities are local or specialized, meaning fewer applicants and better odds. With the right tools and a clear strategy, scholarships can become a meaningful part of how families reduce debt and manage the cost of college. 
Connect with host, Jack Wang: https://www.linkedin.com/in/thejackwang/ 
*be sure to send a connection request with a message saying Hello! 
Navigate college funding with me at www.smartcollegebuyer.com 
The content of this podcast is for educational and informational purposes only and should not be considered financial, tax, or legal advice. Nothing in this podcast is a recommendation or solicitation to buy or sell any financial product or service. Every family’s financial situation is unique, so always consult with your own financial or tax professional before making any decisions. While we do our best to provide accurate and up-to-date information, we can’t guarantee its completeness or accuracy. Past performance is not indicative of future results. Your mileage may vary. No warranties, express or implied. Batteries still not included. 
About Carlynn Greene: 
Carlynn Greene is a scholarship strategist, YouTuber, and creator of The Scholarship Algorithm, a book and course designed to help students win scholarships and reduce college debt. While studying broadcast journalism at the University of North Texas, she personally earned more than $110,000 through 30 scholarships and began sharing her strategies online. Through her YouTube channel and consulting work, she has since helped students from around the world secure over $2 million in scholarship funding. Carlynn is passionate about expanding access to education and hopes to advocate for increased student funding through future policy work and her own scholarship initiatives. 
Connect with Carlynn Greene and ScholarshipGuru: 
Email: greenecarlynn@gmail.com or Carlynn@scholarship-guru.com 
Website: https://sites.google.com/view/scholarshipguru/about 
Social media: TikTok - @ESPdaniella | YouTube - @ESPdaniella | Instagram - @Carle100 

Busting Myths About Dramatic SAI Reductions and College Aid | EP 27

Big promises grab attention — especially when it comes to college costs. In this episode, I break down the eye-catching claims about dramatically lowering your Student Aid Index (SAI) and explain what’s actually possible. From legal and tax maneuvers to aggressive investment strategies, we look at what’s real, what’s outdated, and what only applies to a very small group of families.  
When “Lower Your SAI” Sounds Too Good to Be True 
If you’ve seen marketing that promises to drop your SAI from $90,000 to $10,000, you’re not alone — but lowering that number isn’t always the win it’s made out to be. Many of them require borderline-legal, complicated maneuvers with investments, guardianship, and marital status. Rather than fall for these tricks, I focus on how federal, state, and institutional aid formulas differ, and how families can legally and properly position themselves to maximize aid rather than just shrink a calculation. 
Strategies like divorce timing, custody transfers, and tax-loss investment vehicles may technically reduce reported income, yet rule changes and CSS Profile adjustments often limit their effectiveness — and many primarily benefit high-income families. Even legitimate tools, such as hiring your child through a business or using Section 127 tuition reimbursement plans, apply only in specific circumstances. 
Strategy, Risk, and the Real Aid Formula 
Understanding how income, assets, and aid formulas interact can save families from expensive mistakes — especially when marketing claims oversimplify complex rules. 
(00:04:36) Marriage Penalty and Tax Implications (00:08:12) College Aid Adoption Dilemma (00:15:31) Risk and Complexity in Investments (00:17:35) CSS Schools Ignore Tax Losses (00:21:06) Tax Strategy Using Section 127 (00:25:50) Too Good to Be True? 
Clarity Over Hype in College Planning 
Flashy promises about cutting your Student Aid Index rarely tell the full story. Many SAI-reduction strategies apply only to a narrow segment of wealthy families or come with legal, ethical, and financial trade-offs that outweigh the benefit. Legal maneuvers and complex tax-loss investments may technically lower reported income, but rule changes and CSS Profile adjustments often eliminate the advantage. 
For business owners, certain tools can be legitimate — but only when they genuinely fit your business structure and long-term plan. The real objective isn’t shrinking your SAI; it’s understanding how aid formulas work so you can make clear, strategic decisions that truly maximize your family’s options. 
Connect with host, Jack Wang: https://www.linkedin.com/in/thejackwang/ 
*be sure to send a connection request with a message saying Hello! 
 
Navigate college funding with me at www.smartcollegebuyer.com 
The content of this podcast is for educational and informational purposes only and should not be considered financial, tax, or legal advice. Nothing in this podcast is a recommendation or solicitation to buy or sell any financial product or service. Every family’s financial situation is unique, so always consult with your own financial or tax professional before making any decisions. While we do our best to provide accurate and up-to-date information, we can’t guarantee its completeness or accuracy. Past performance is not indicative of future results. Your mileage may vary. No warranties, express or implied. Batteries still not included. 

Bridging Parent-Teen Conversations About College Costs and Expectations | EP 26

College planning isn’t just about applications and tuition — it’s also about identity, independence, and how families change when kids grow up. In this episode, I sit down with Manhattan-based therapist Jake Hart to talk through what really shows up for students and parents during this season. We look at how expectations, emotions, and money conversations collide when college decisions get real — and how you can handle them with less stress and more clarity. 
The Heart Behind the Decision 
Choosing a college isn’t just a financial or academic choice — it’s an emotional reckoning for the whole family, bringing up fear, pride, grief, and the pressure to get it “right.” This episode explores why students sometimes shut down when expectations collide, and how those moments can quietly shape their motivation and confidence. You’ll hear how parents and teens can move from tension to curiosity, opening conversations that feel supportive instead of controlling. We also touch on the hidden grief parents carry as their kids step into independence, and how those shifts ripple through the household. By the end, you’ll have a clearer way to talk about money, fairness, and futures without losing the relationship in the process. 
Navigating Independence, Expectations, and Cost 
Emotional readiness, family dynamics, and money decisions all intersect during the college years — and clarity beats pressure every time. Approaching each challenge with curiosity, empathy, and open communication helps both students and parents make decisions that feel informed and manageable. 
(00:05:00) College Transition Challenges 
(00:09:07) Navigating School Choices Together 
(00:12:48) How College Changes Kids Over the Summer 
(00:22:24) Fostering Teen Motivation (00:27:45) Framing Financial Literacy for Students 
The Bigger Picture 
College is one of the biggest transitions a family goes through — not just logistically, but emotionally and relationally. When you make space for honest conversations about expectations, independence, and money, you give both parents and students a steadier path forward. The goal isn’t to eliminate stress — it’s to replace confusion and pressure with clarity, collaboration, and mutual respect. 
When families talk openly and early, the college journey becomes something you move through together instead of something that pulls you apart. 
Connect with host, Jack Wang: https://www.linkedin.com/in/thejackwang/ 
*be sure to send a connection request with a message saying Hello! 
Navigate college funding with me at www.smartcollegebuyer.com 
The content of this podcast is for educational and informational purposes only and should not be considered financial, tax, or legal advice. Nothing in this podcast is a recommendation or solicitation to buy or sell any financial product or service. Every family’s financial situation is unique, so always consult with your own financial or tax professional before making any decisions. While we do our best to provide accurate and up-to-date information, we can’t guarantee its completeness or accuracy. Past performance is not indicative of future results. Your mileage may vary. No warranties, express or implied. Batteries still not included. 
About Jake Hart:  
After working at Mount Sinai Hospital for 5 years, Jake opened his private practice to provide therapy for individuals, couples, and families across New York City, where he sees patients at his Upper East Side office. Jake's approach to therapy is rooted in a relational and existential framework, emphasizing genuine connection and self-exploration, with a collaborative process that develops self-awareness, clarifies personal values, and aligns actions with what truly matters in order to support individuals in finding a greater sense of personal empowerment.   
Connect with Jake Hart: 
Website: https://www.jakeharttherapy.com/ 
Email: jakehartlcsw@gmail.com 
 

Is That Luxury Dorm Worth Student Debt? Rethinking College Costs | EP 25

Paying for college has never been more confusing—or more expensive. In this special live episode of the Smart College Buyer podcast, recorded at FinCon 2025 in Portland, Jack Wang and Robert Farrington, founder of The College Investor, unpack the real drivers behind rising college costs and new student loan limits. 
Room and board, resort-style amenities, chef-designed cafeteria meals, and campus upgrades now account for a massive share of total college costs. 
In this episode, we discuss: 
Why undergraduate federal loan limits haven’t kept pace with tuition 
How “luxury dorms” and amenities inflate the real cost of attendance 
The difference between borrowing for education vs. lifestyle 
How college ROI should guide smarter decision-making 
Recorded in a unique dual-format (live podcast + social video), this conversation breaks down student loans, Parent PLUS changes, graduate borrowing caps, FAFSA shifts, and college affordability—with a hard look at whether families are borrowing for education…or for luxury. 
If you’re planning for college tuition, weighing financial aid options, or worried about student loan repayment, this episode delivers clarity where headlines often create fear. 
Major Student Loan Changes Families Must Understand 
New legislation—often referred to as the One Big Beautiful Bill—has reshaped borrowing rules in ways many families haven’t fully grasped. 
Key topics covered include: 
Undergraduate borrowing limits (still far below actual college costs) 
Parent PLUS loan caps and what changes in 2026 mean for repayment 
Loss of access to income-driven repayment and PSLF for future Parent PLUS borrowers 
Graduate and professional school borrowing caps and the elimination of Grad PLUS loans 
Why private student loans come with far fewer protections 
“A freshman can only borrow $5,500—and we all know college costs more than that.”  — Robert Farrington 
Smarter Spending Choices for College-Bound Families 
Families who take time to understand student loan limits, repayment realities, and the real cost drivers behind tuition are far better positioned to avoid overwhelming debt.  
(00:06:00) Parent PLUS Loan Changes 2026 
(00:08:13) Graduate vs. Professional Loan Limits 
(00:11:22) Rethinking Master's Degree Mandates 
(00:14:18) Student Loan Tax Bomb Concerns 
(00:17:46) Live Q&A Session Highlights 
(00:20:23) College Costs vs. Luxury Spending 
Here are three key lessons every family should keep in mind: 
Know your true borrowing limits before committing to a school 
Focus on value, not prestige—amenities aren’t worth lifelong debt 
Plan intentionally using financial aid, savings strategies, and realistic budgets 
College planning isn’t about guessing or hoping for forgiveness later. It’s about strategy, clarity, and making informed choices early. 
Follow Robert Farrington:  
His website: www.robertfarrington.com 
LinkedIn: https://www.linkedin.com/in/robertfarringtonmba/ 
His work on Forbes: https://www.forbes.com/sites/robertfarrington/ 
Connect with host, Jack Wang: https://www.linkedin.com/in/thejackwang/ 
*be sure to send a connection request with a message saying Hello! 
Navigate college funding with me at www.smartcollegebuyer.com 
The content of this podcast is for educational and informational purposes only and should not be considered financial, tax, or legal advice. Nothing in this podcast is a recommendation or solicitation to buy or sell any financial product or service. Every family’s financial situation is unique, so always consult with your own financial or tax professional before making any decisions. While we do our best to provide accurate and up-to-date information, we can’t guarantee its completeness or accuracy. Past performance is not indicative of future results. Your mileage may vary. No warranties, express or implied. Batteries still not included. 
 

The Smartest Budgeting Strategy to Combat Rising College Costs and Student Loan Payments | EP 24

Paying for college starts long before tuition bills arrive—and it requires more than just financial aid forms. In this live episode of the Smart College Buyer podcast, recorded at FinCon 25 in Portland, Oregon, we dive into college budgeting, zero-based budgeting, student loan payments, and intentional spending to help families prepare for rising college costs with confidence. 
(00:03:47) Zero-Based Budgeting Explained 
(00:07:27) Intentional Financial Planning Tips 
(00:11:33) Spend According to Your Values 
(00:15:49) Priorities Revealed Through Spending 
(00:18:51) Spending Habits and Lifestyle Choices 
(00:21:36) Budgeting Takes Effort, Not Automation 
With student loan repayment rules tightening, higher borrowing limits shrinking, and everyday expenses quietly draining cash flow, families need a clearer plan. This conversation breaks down how values-based budgeting, expense tracking, and proactive planning can help families reduce financial stress, manage college tuition, and avoid overwhelming debt—without sacrificing real life along the way. 
Why Budgeting Matters More Than Ever for College Families 
Rising tuition, changing loan repayment plans, and everyday spending habits all collide during the college planning years. In this episode, we explore how families can: 
Prepare for higher student loan payments 
Create realistic college savings strategies 
Adjust household budgets as college approaches 
Reduce financial stress through intentional spending 
Make behavior changes that actually stick 
Rather than relying on hope or last-minute fixes, this episode focuses on building a repeatable budgeting system that supports both college goals and family life. 
Top 3 Takeaways for Families Planning Ahead 
Zero-Based Budgeting Changes the Game
Zero-based budgeting helps families give every dollar a job—aligning spending with priorities instead of reacting to bills. It’s not about restriction; it’s about clarity, control, and confidence. 
Awareness Leads to Real Savings
Many families overspend in everyday categories like takeout, subscriptions, travel, and online shopping without realizing it. Simply tracking and allocating spending intentionally can free up hundreds of dollars each month. 
A Plan Beats an App
Budgeting apps are tools—but consistency is what drives results. Regular check-ins, intentional planning, and accountability matter far more than software alone. 
A Mindset Shift That Reduces Financial Stress 
"Once you have it down, you can kind of rest easy a little bit and say I have a plan. If I just stick to my plan, I'm going to be okay. To me that's a huge point because couples are often like stressed or fighting about finances. But like you don't do that if you have a plan together, right. Because you kind of pre negotiated what you're going to do and that way you don't just stress or fight about it throughout the month."  — Zach Whelchel 
How to Plan for College with Intentional Budget Choices 
The path to college doesn’t have to be paved with anxiety or excessive debt. Families who plan early, understand their cash flow, and align spending with their values can approach college costs with far more confidence. 
Whether you’re navigating college admissions, managing household budgets, or preparing for new student loan payments, this episode reinforces one key truth: a clear plan creates freedom. Start budgeting with intention now, and you’ll be far better prepared for whatever college brings. 
Follow Zach Whelchel:  https://www.mybudgetcoach.com/coaches/zach-whelchel 
https://www.facebook.com/zach.whelchel/ 
Connect with host, Jack Wang:  
https://www.linkedin.com/in/thejackwang/ 
*be sure to send a connection request with a message saying Hello!  
Navigate college funding with me at www.smartcollegebuyer.com  
The content of this podcast is for educational and informational purposes only and should not be considered financial, tax, or legal advice. Nothing in this podcast is a recommendation or solicitation to buy or sell any financial product or service. Every family’s financial situation is unique, so always consult with your own financial or tax professional before making any decisions. While we do our best to provide accurate and up-to-date information, we can’t guarantee its completeness or accuracy. Past performance is not indicative of future results. Your mileage may vary. No warranties, express or implied. Batteries still not included. 

Navigating Divorce and Financial Aid Forms for College-Bound Families | EP 23

For divorced parents of college-bound students...I’ve been there, done that, the participation medal is on my wall. Financial aid eligibility is NOT based on your divorce agreement, which parent claims the child on taxes, or who makes more money. BOTH divorced parents must submit financial info—even if you haven’t spoken in years. 
Today’s episode answers the top questions divorced parents have about the college admissions and college financial aid application process like: 
Which parent files the FAFSA? 
Are step-parents' finances considered in aid calculations?  
What happens if one parent refuses to fill out their part of the financial aid application? 
What if the divorce isn’t finalized yet? 
College Financial Aid for Divorced Families Made Simple 
Navigating college costs is stressful enough, but when parents are divorced or separated, questions about who files the forms, how child support and custody are factored, and which parent's finances count can add even more confusion to the mix. 
(00:01:05) College Payment Responsibility Explained 
(00:05:11) Divorce and CSS Profile Explained 
(00:09:34) Non-Custodial CSS Form Rules 
(00:11:08) Financial Aid Form Misconceptions 
(00:16:02) FAFSA Custodial Parent Guidelines 
(00:18:37) FAFSA Rules on Stepparents 
(00:20:21) Divorce Impact on Financial Aid 
(00:27:07) Intentional Support Offered 
Debunking Common Myths About Divorce and College Financial Aid 
In this episode, I'm breaking down the latest rules around FAFSA and CSS Profile, revealing persistent misconceptions about income, custody, and tax claims, and offering clear explanations about which parent’s details colleges really care about. You'll learn what “majority financial support” means, how the specifics of your family situation influence aid eligibility, and what happens if one parent doesn’t cooperate with the required paperwork. 
Here are 3 key takeaways for divorced families with students getting ready for college: 
It’s NOT About the Divorce Agreement or Taxes: Colleges don’t base financial aid on custody arrangements listed in your divorce agreement or which parent claims the student on taxes. Don’t let those common misconceptions trip you up. 
Financial Support Determines the Filing Parent (for FAFSA): The FAFSA now looks at which parent provides the majority of financial support—not just where the student lives—when deciding who needs to file. This means things like child support, alimony, and the ability to maintain a household matter more than you might expect. 
Both Parents May Need to Complete the CSS Profile: Most CSS Profile schools require forms from both the custodial and non-custodial parent—even if there’s minimal or no contact, as long as support is being paid. Refusal to complete required forms typically results in an incomplete application and loss of aid eligibility. 
Whether you’re in the thick of the divorce process or just want to plan ahead, this episode gives you the framework you need to approach college financial aid with clarity and confidence—so you can focus on supporting your student’s future. 
Connect with host, Jack Wang: https://www.linkedin.com/in/thejackwang/ 
*be sure to send a connection request with a message saying Hello! 
Navigate college funding with me at www.smartcollegebuyer.com 
The content of this podcast is for educational and informational purposes only and should not be considered financial, tax, or legal advice. Nothing in this podcast is a recommendation or solicitation to buy or sell any financial product or service. Every family’s financial situation is unique, so always consult with your own financial or tax professional before making any decisions. While we do our best to provide accurate and up-to-date information, we can’t guarantee its completeness or accuracy. Past performance is not indicative of future results. Your mileage may vary. No warranties, express or implied. Batteries still not included. 
 
 

Balancing College, Retirement, and Real-life Financial Goals | EP 22

The scariest thing about college isn’t the application—it’s the bill. But what if you could face tuition with clarity—and maybe even confidence?  
Paying for college is more complex than ever—with tuition rising and new legislation changing the landscape for student loans and financial planning. 
The earlier—and the more holistically—you strategize, the better set up your student (and your family’s financial future) will be. That’s why today’s episode introduces you to Brenton Harrison, the host of the New Money, New Problems podcast.  
Building a College Plan That Won’t Derail Retirement 
Brenton is a fellow financial advisor who’s also well-versed in the tax and student loan impacts of Trump’s Big Beautiful Bill, so we took the opportunity to explore strategies that families can use to balance college expenses without derailing other financial goals.  
Here are 3 Key Takeaways every college-bound family should know: 
Have Honest Conversations Early 
Transparent talks about your college funding strategy—what you can afford, what you’re willing to spend, and what colleges expect—set the stage for stronger decisions. As Brent Harrison said, “Nothing you do financially happens in a vacuum.” Private school choices, savings vehicles, and retirement planning are all interwoven. 
Know the Impacts of New Student Loan Legislation 
Major changes in legislation in 2025 mean repayment options for federal loans—including Parent Plus—are shifting dramatically. Deadlines are approaching (July 1, 2026 & July 1, 2028) after which fewer repayment plans and forgiveness paths will be available. Families must understand the rules and plan ahead—those who act early have more options. 
Prioritize Flexibility in Savings 
College isn’t just about 529 plans anymore. Sometimes focusing on liquidity and a wider mix of non-retirement investments gives families more options later—especially if you’re balancing college against other needs like retirement and real estate.  
Smart Strategies for Affording College in 2026 and Beyond 
(00:06:16) Big Bill Act Reshapes Tax Planning 
(00:07:32) Tax Strategies and Loopholes to Explore 
(00:13:20) Student Loan Policy Changes After 2026 
(00:15:55) Financial Choices and Education Impact 
(00:18:56) Financial Prep for College 
(00:25:56) Reduce Student Loans While Pregnant 
(00:29:54) Honest Conversations on Education Costs 
(00:31:20) Student Loans: Strategy and Balance 
From Tax Planning to Tuition: Maximizing Your Family’s Financial Success 
If worrying about tuition, student loans, or how to pay for college without sacrificing your retirement has kept you up at night, listen in to learn some creative ways to save (aside from the 529) and some even more creative ways people have funded their kids’ college tuition. 
“Nothing that you do financially happens in a vacuum. Anything you do in one area is going to impact another.” – Brent Harrison 
Many parents think, “I’ll put the kids in private K-12, then cobble together college costs.” But draining your savings means less for retirement and fewer education dollars saved. 
Similarly, hoping and wishing your teen will get a “full ride” isn’t a plan.  
When it comes to paying for college, the key is understanding how each financial choice connects to your broader goals—whether that means planning for retirement, managing student loans, or staying current on changes in tax laws. Many families benefit from honest conversations about what’s possible and proactive planning to keep their options open. Taking the time to learn, ask questions, and involve the right professionals can help make the journey less stressful and more rewarding for everyone involved. 
Follow Brenton Harrison: 
LinkedIn: https://www.linkedin.com/in/brentonharrison/ 
Website: https://www.newmoneynewproblems.com/ 
New Money New Problems Podcast: https://www.newmoneynewproblems.com/podcast 
Connect with host, Jack Wang: https://www.linkedin.com/in/thejackwang/ 
*be sure to send a connection request with a message saying Hello! 
Navigate college funding with me at www.smartcollegebuyer.com 
The content of this podcast is for educational and informational purposes only and should not be considered financial, tax, or legal advice. Nothing in this podcast is a recommendation or solicitation to buy or sell any financial product or service. Every family’s financial situation is unique, so always consult with your own financial or tax professional before making any decisions. While we do our best to provide accurate and up-to-date information, we can’t guarantee its completeness or accuracy. Past performance is not indicative of future results. Your mileage may vary. No warranties, express or implied. Batteries still not included. 

When Grandparents Want to Contribute to College Costs | Ep 21

So, grandma and grandpa want to help pay for college? Congratulations!  
First, we need some clarity on what exactly they mean. Are they going to start funding a 529 early, are they planning on writing a fat check to cover tuition each semester, or are they planning on covering the student loan payments?  
Each option comes with its own student aid eligibility impact, tax repercussions, and, perhaps, familial obligations.  
In today’s episode, I break down the real impact of grandparent gifts on college affordability, from 529 accounts to direct tuition payments—even post-graduation support. It’s not as simple as just writing a check, and the way you approach it can make a huge difference. The smartest families plan ahead, understand gift taxes, financial aid formulas, and keep the family peace.  
Making Grandparent Contributions Most Effective for College Planning 
(00:06:16) Grandparents' College Funding Impact 
(00:08:49) Family Dynamics and Grandkids' Gifts 
(00:12:22) Estate Planning for College Costs 
(00:16:28) Complexities of Funding College 
(00:17:44) Grandparent Contributions Impact College Choices 
Financial Aid and Taxes: What Grandparent College Support Really Means 
While it’s generous and amazing when grandparents want to chip in for college,  the mechanics of when and how they help—before, during, or after college—can impact your family’s financial aid, tax situation, and even family harmony. 
Key Considerations: 
Financial Aid Formulas: Depending on whether your student’s colleges use FAFSA or the CSS Profile, gifts from grandparents could affect financial aid eligibility differently. FAFSA-only schools no longer treat these gifts as student income, but CSS Profile schools may still count the gift as untaxed income. 
Asset Ownership: If grandparents own a 529 college savings account, it’s generally not reported as an asset by the student’s family on aid forms, but withdrawals might still affect aid depending on the formula. 
Gift Tax Limits & Strategies: There are annual limits (currently $19,000 per giver, per recipient) for gifts, but special rules let grandparents “superfund” a 529 account with up to five years’ worth at once. Direct payment of college tuition to the school is also unlimited and gift-tax exempt. 
Family Dynamics: It’s worth thinking about fairness and expectations among all the grandkids—sometimes a blessing leads to tricky family conversations. 
Creative Ways Grandparents Can Pitch In: 
Before College: Open and fund a 529 account, possibly utilizing the superfunding rule for estate planning. 
During College: Pay the college directly to take advantage of gift tax exclusions. 
After College: Help pay back student loans, cosign loans, or adjust estate plans to benefit grandkids in the future. 
Being strategic pays off! The simple act of gifting funds for education can carry complex and far-reaching consequences. Always consider your family's full financial and emotional landscape—and dive deeper before making decisions. 
Connect with host, Jack Wang: https://www.linkedin.com/in/thejackwang/ 
*be sure to send a connection request with a message saying Hello! 
Navigate college funding with me at www.smartcollegebuyer.com 
The content of this podcast is for educational and informational purposes only and should not be considered financial, tax, or legal advice. Nothing in this podcast is a recommendation or solicitation to buy or sell any financial product or service. Every family’s financial situation is unique, so always consult with your own financial or tax professional before making any decisions. While we do our best to provide accurate and up-to-date information, we can’t guarantee its completeness or accuracy. Past performance is not indicative of future results. Your mileage may vary. No warranties, express or implied. Batteries still not included. 
 
 
 
 
 
 
 
 
 
 
 
 

How to Find Your Teen's Career Fit Before College and Avoid Costly Mistakes | EP 20

What if your teen could confidently KNOW the right career path before they ever enroll in their first college class? 
What if your teen could focus and do well in class because they actually enjoy and are “wired for” those particular subjects?  
Well, they can! Today you get to meet my friend and special guest, Jay Dusold, the creator of the Life After 12th Program, who’s dedicated his career to guiding young people toward meaningful, fulfilling work—rather than just following the crowd or guessing their way through college. 
Ending the Guesswork: How Career Guidance Saves Time, Money, and Stress 
If you’re like me, you might have struggled with career direction yourself, or watched your own child navigate the overwhelming maze of majors and college choices. In this conversation, Jay Dusold and I discuss why so many students end up switching majors, spending extra years in college, or landing in jobs they don’t actually enjoy. We break down how understanding a student’s unique “career DNA” can make all the difference—helping families redirect their time and money toward options that truly fit. 
We’ll also tackle some common misconceptions parents have about college, share stories from Jay Dusold’s coaching practice, and offer practical ways to help your student gain clarity—and confidence—before making these big decisions. 
Navigating College Majors: A Smarter Approach to Career Planning for Students 
College is one of the biggest investments your family will make, but too often, teens enter school without a clear career direction—leaving a trail of wasted time, money, and stress.  
“57% of college students take six years to complete a traditional four-year degree and 72% graduate and get a job unrelated to their earned major.” - Jay Dusold 
Luckily, you have the power to ensure your teen doesn’t become one of those statistics by identifying a “verifiable career fit.” Here’s what else you’ll learn: 
(00:04:51) Finding Purpose After Uncertainty 
(00:08:54) Navigating College Majors  
(00:12:37) Rethinking College and Career Paths 
(00:19:21) Verifiable Fit Drives Success 
(00:24:19) Job Insights: 4 Key Lenses 
(00:29:44) College Value & Success Stories 
(00:32:28) Michael's Inspiring Career Pivot 
(00:34:29) Time, Passion, and Purpose 
Whether your child’s dream career requires a degree or not, clear planning and purpose can transform the college journey. Don’t spend six figures hoping things work out—get intentional, and let’s help the next generation thrive! 
Follow Jay Dusold:  
LinkedIn: https://www.linkedin.com/in/jaydusold/ 
Website: https://lifeafter12th.com/ 
Life After 12th Podcast: https://rss.com/podcasts/lifeafter12th/ 
Connect with host, Jack Wang: https://www.linkedin.com/in/thejackwang/ 
*be sure to send a connection request with a message saying Hello! 
 
Navigate college funding with me at www.smartcollegebuyer.com 
The content of this podcast is for educational and informational purposes only and should not be considered financial, tax, or legal advice. Nothing in this podcast is a recommendation or solicitation to buy or sell any financial product or service. Every family’s financial situation is unique, so always consult with your own financial or tax professional before making any decisions. While we do our best to provide accurate and up-to-date information, we can’t guarantee its completeness or accuracy. Past performance is not indicative of future results. Your mileage may vary. No warranties, express or implied. Batteries still not included.