>>> WELCOME BACK.
IT'S NO SECRET THAT COLLEGE
IS EXPENSIVE, BUT IT DOESN'T
MEAN YOU HAVE TO GO BROKE.
HERE TO TELL US WHICH
MISTAKES WILL MAKE YOU GO
BROKE IS STRATEGIST MICHAEL
RAPPA.
>> IT'S GREAT TO BE HERE.
I BELIEVE COLLEGE AND
EDUCATION IS SO IMPORTANT,
BUT UNFORTUNATELY, SO MANY
PARENTS BELIEVE IT'S OUT OF
REACH FINANCIALLY.
GROWING UP, WE DIDN'T HAVE
MONEY -- MY PARENTS DIDN'T
HAVE MONEY TO SEND ME TO
COLLEGE, BUT FORTUNATELY I
GOT A BASEBALL SCHOLARSHIP,
AND I WAS ABLE TO ATTEND FOR
FOUR YEARS.
MY QUESTION FOR A
COLLEGE-BOUND STUDENT TODAY
IS HOW CAN I AFFORD TO SEND
MY KID TO COLLEGE.
THAT'S WHY I'M EXCITED TO BE
HERE TO TELL YOU HOW TO DO
THAT WITH MAGIC.
>> IT'S GREAT THAT YOU TOOK
YOUR ATHLETICISM AND IT WAS
ABLE TO TAKE YOU THROUGH
SCHOOL, BUT YOU SAY IT'S
POTENTIALLY MORE AFFORDABLE
TO SEND KIDS TO IVY LEAGUE
SCHOOLS THAN COMMON SCHOOLS.
>> PEOPLE BELIEVE ALL
COLLEGES ARE CREATED EQUAL
WHEN IT COMES TO PROVIDING
FINANCIAL AID.
HOWEVER, UNLIKE THESE THREE
EQUAL-LENGTH ROPES, ALL
COLLEGES ARE NOT CREATED
EQUAL.
YOU SHOULD NEVER BELIEVE ALL
COLLEGES ARE GOING TO BE THE
SAME, BECAUSE THEY'RE NOT.
IN FACT, SOME COLLEGES NEED
VERY LITTLE FINANCIAL AID;
OTHERS COLLEGES MEET 50 OR
60 PERCENT OF NEED, AND THE
IVY LEAGUE PROMISE TO MEET
100 PERCENT OF THE FAMILY'S
DEMONSTRATED NEED.
SO IT COULD BE CHEAPER TO
SEND YOUR CHILD TO A MORE
EXPENSIVE PRIVATE SCHOOL
THAN A CHEAPER PUBLIC
SCHOOL.
>> WOW.
HOW MUCH MONEY SHOULD BE
SPEND LOOKING FOR
SCHOLARSHIPS?
>> THAT IS ANOTHER MISTAKE.
THEY BELIEVE YOU HAVE TO
RELY ON PRIVATE SCHOLARSHIPS
TO SEND YOUR KID TO SCHOOL.
HOWEVER, YOU DON'T NEED TO
FIND A BILLIONAIRE TO SEND
YOUR KID TO SCHOOL.
PRIVATE SCHOLARSHIPS MAKE UP
ONLY 1 PERCENT PERHAPS MORE
OF THE MONEY.
MOST WILL COME FROM THE
STATE THE STUDENT LIVES IN,
THE STUDENT, AND THE
COLLEGES THEMSELVES.
YOU JUST HAVE TO KNOW HOW TO
GET THE MONEY AND WHAT
COLLEGES HAVE IT.
>> I HAVE NO IDEA HOW YOU
DID THAT, AND IT'S SO TRUE
WHAT YOU'RE SAYING.
>> I HAVE A HUNDRED DOLLARS
I HAVE TO GIVE YOU, BECAUSE
YOU'RE GOING TO SAVE IT
WHERE YOU SAY IT'S GOING TO
GROW.
>> THE THIRD MISTAKE,
FAMILIES BELIEVE IT DOESN'T
MATTER WHERE YOU SAVE MONEY.
THAT'S NOT TRUE.
IF YOU SAVE THE MONEY IN THE
KID'S NAME, THAT'S WEIGHTED
MUCH MORE HEAVILY THAN MONEY
SAVED IN THE KID'S NAME F.
YOU KEEP SAVING DOLLAR AFTER
DOLLAR -- YOU COULD END UP
LOSING DOLLARS, AND IT'S
GOING TO COST MORE OUT OF
POCKET.
>> EASY COME, EASY GO.
FAMILIES -- THERE ARE A LOT
OF RESOURCES OUT THERE.
CAN THEY DO IT ON THEIR OWN?
>> THEY CAN DO IT ON THEIR
OWN, BUT MANY FAMILIES
OVERPAY AND DON'T EVEN KNOW
IT.
ANOTHER MISTAKE I SHOULD
BRING UP, MANY FAMILIES
BELIEVE IT WILL BE CHEAPER
TO DO IT ON THEIR OWN RATHER
THAN HIRING AN EXPERT,
SOMEONE WHO SPECIALIZES IN
THIS AREA.
FOR EXAMPLE, LET ME SHOW YOU
THIS HERE.
NOW WE'LL USE YOUR HUNDRED
DOLLAR BILL.
BY MAKING A SMALL INVESTMENT
IN -- ESPECIALLY SOMEONE WHO
IS CERTIFIED AS A COLLEGE
FUNDING SPECIALIST WHO IS AN
EXPERT IN THIS AREA, YOU CAN
ACTUALLY TAKE YOUR DOLLAR
AND ACTUALLY END UP GETTING
HUNDREDS OF DOLLARS MORE
POTENTIALLY IN FINANCIAL
AID.
>> THAT'S A WHOLE LOTTA
DOUGH.
>> BY USING AN EXPERT,
SOMEONE QUALIFIED IN THIS
AREA.
>> WITH ONLY 30 SECONDS, RUN
THROUGH YOUR HEAD FORMULA.
>> HERE'S HOW TO USE YOUR
HEAD TO GO TO COLLEGE.
H: HAVENS.
FIND SAFE HAVENS TO SAVE
WHERE IT WON'T WORK AGAINST
YOU.
E: EXPECT TO QUALIFY.
A: APPLY TO MORE EXPENSIVE
SCHOOLS.
REMEMBER, STICKER PRICE
MEANS NOTHING.
D: DEADLINES.
DON'T MISS THEM.
MAKE THEM.
IF YOU WANT TO RECEIVE
FINANCIAL AID, YOU HAVE TO
FILL OUT THE FORMS.
THOSE ARE THE MISTAKES TO
AVOID TO USE YOUR HEAD.
>> MICHAEL RAPPA, WE'RE VERY
IMPRESSED BY YOUR TRICKS AND
YOUR ADVICE ON HELPING
PEOPLE GO TO COLLEGE.
>> THANK YOU.
>> VISIT "IVY LEAGUE COLLEGE
PLANNING STRATEGIES.COM" TO
LEARN MORE MISTAKES MOST