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Ch 4: Education Financial Planning

About This Chapter

This chapter focuses on financial preparations for higher education. The lessons included compare the benefits and drawbacks of different savings approaches while defining related terms and examining further options for financing education.

Education Financial Planning - Chapter Summary

This chapter centers around key considerations of financially planning for college. You'll learn about tips for surveying potential schools in a financial context while familiarizing yourself with related terminology and planning strategies. A full list of topics discussed includes:

  • Methods of educational analysis
  • Calculating the real cost of a college
  • Education savings vehicles
  • Requirements and sources of financial aid
  • Gift and income tax methods of preparing for education costs
  • Comparing major options of education financing

If you're concerned about staying organized, you'll want to check out the dashboard feature for a quick-view of your recent activity and progress through the chapter. While there, you'll also be able to ask questions of our subject-matter experts and consider links to practice quizzes and other courses recommended based on your current studies.

6 Lessons in Chapter 4: Education Financial Planning
Test your knowledge with a 30-question chapter practice test
Education Needs Analysis: Definition & Methods

1. Education Needs Analysis: Definition & Methods

In this lesson, we will review how Certified Financial Planners conduct an education needs analysis for a client by comparing the cost of attending a desired program with their ability to save, as well as explore options if the first plan fails.

Finding the Real Cost of College: Tips for Students

2. Finding the Real Cost of College: Tips for Students

Many students think tuition is the only cost they need to worry about when calculating their college budget, but the cost of college goes beyond tuition. This lesson will help you learn to estimate your financial needs when planning your education.

Education Savings Vehicle: Definition, Pros & Cons

3. Education Savings Vehicle: Definition, Pros & Cons

This lesson includes an overview of the various types of education savings accounts as well as the features, advantages, and disadvantages of each option.

What is Financial Aid? - Requirements & Sources

4. What is Financial Aid? - Requirements & Sources

Financial aid is an important issue to understand when planning for college. This lesson will discuss what students need to qualify and apply for financial aid, as well as the different types of aid that may be available.

Planning for Education Costs: Gift & Income Tax Strategies

5. Planning for Education Costs: Gift & Income Tax Strategies

In this lesson, we will review some of the tools available to minimize income tax payments and avoid gift taxes while saving and paying for a college education.

Major Options for Education Financing

6. Major Options for Education Financing

With the rising costs of schooling, planning for the expenses of an education and preparing financing options ahead of time is critical to ensure a student has the resources to attend college.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
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Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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