Taming the High Cost of College! : Financial Aid | FAFSA | Student Loans | Scholarships | Tax | Saving | Investing | Grants | 529 plans
About This Show
If you are the parent of a college bound high school student then this podcast is for you. Our goal is to give you the information you need to SAVE TIME, SAVE MONEY, and reduce stress in the college process. We will cover all aspects of planning and paying for college including things like: What to do if you do not qualify for financial aid, student loans, FAFSA and CSS profile, merit aid, scholarships, college tax breaks, visits, ACT and SAT, college fairs, the application process, and good college planning websites. Essentially all things college.
Most Recent Episode
THCC101 – Joining Forces with the Military to Cover the Cost of College Interview with Rob Aeschbach, Retired Marine and Financial Planner
6 days ago
Looking for another college option? Rob Aeschbach swings by our show to share his personal military experience and how that impacts financial planning and paying for college. “Although it is a dangerous job in a lot of ways, it isn’t like that all the time,” notes Aeschbach. His father was in the Navy, and that inspired him to pursue attending a military academy after high school. By enlisting after graduation, he was able to attend a prestigious college with a fantastic education FOR FREE!
Questions Answered Today:
How can the military help pay for college?
Most officers are going to be college graduates. There are some military academies that only service members can attend. You will graduate with no tuition bill or any student loans, but have a commitment to serve in the military for five more years. These are very competitive to get into and will usually require a nomination from your congressman or senator.
Another way to pay for college is toearn ROTC scholarships. You can join the college group and then serve in the military for 5 years after graduation.
Additionally, students can enlist in the military right out of high school and serve 4 years, then be eligible for the G.I. Bill to go to college for free.
“I definitely would not say to join the military just to have college paid for,” states Aeschbach. Make sure to ask advice from people you know and trust that have experience with the military. It is also critical to consider what it is you would like to get out of this experience and what branch of the military might suit you the best. What is it that attracts you to it? How does the military lifestyle fit you?
How do you work on getting into a military academy?
This is the same timeframe as applying to any other college and should begin in the junior year of high school. It requires good test scores and everything else needed in order to apply to college.
Senators and congressmen usually advertise when they are accepting applications for recommendations to these academies. They will then take and refer the top 10 or so applicants to the academies and the academies themselves decide from there.
The military is usually looking for:
* Good test scores/grades
* Physically fit people
* Team captains, group leaders, etc.
You can leave during