Saving on the Cost of College with Brad Baldridge

All the Hacks with Chris Hutchins

Chris Hutchins

Business, Education, Investing, Society & Culture, Places & Travel, Self-improvement

4.7 • 1.4K Ratings

🗓️ 27 November 2024

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

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Summary

#203: Learn to save on the cost for college. Chris and college funding expert Brad Baldridge discuss common mistakes, leveraging 529 plans and tax benefits, types of financial aid, creative tactics to maximize savings, and much more. Brad Baldridge, founder of Baldridge College Solutions and Taming the High Cost of College, is a Certified Financial Planner® who has helped hundreds of families plan and pay for college, their retirement, and more. Link to Full Show Notes: https://chrishutchins.com/saving-money-on-college-brad-baldridge Partner Deals Maui Nui: 20% off the most nutrient-dense red meat with code ALLTHEHACKS Vuori: 20% off the most comfortable performance apparel I've ever worn Daffy: Free $25 to give to the charity of your choice Cultural Care: Get $250 off flexible childcare with international au pairs DeleteMe: 20% off removing your personal info from the web For all the deals, discounts and promo codes from our partners, go to: chrishutchins.com/deals Resources Mentioned Brad Baldridge: Website | Newsletter Free Scholarship Guide for Busy Parents Free Financial Aid Calculator 529 Plan Investment Options: A Quick Guide for Parents 7 Quick Tips for FAFSA Season The Best Student Loan Options for 2024-25 3 Last-Minute Strategies to Save on College Costs CSS Profile: Everything You Need to Know to Complete the CSS Profile Wealthfront: 529 Plan Rakuten ($40 for new members) Credit Cards: Rise Student Card Robinhood Gold Card U.S. Bank Smartly Card Gift of College Gift Cards CardPointers Pro (50% off here) ATH Podcast: Membership Chris' Newsletter Email us for questions, tips, deals and feedback Full Show Notes (00:00) Introduction (02:08) Biggest Mistakes People Make When Planning to Pay for College (03:18) Early Stage Planning vs. Late Stage Planning (05:56) Tax Benefits & Advantages for College Savings (16:40) How Your Assets Impact/Doesn’t Impact Need-Based Financial Aid (18:01) Recent Big Change On The FAFSA (22:41) What Is The CSS Profile? (27:31) The Different Types of Financial Aid (30:24) How to Plan for Scholarships (35:50) Transferring from A Local Community College to A Competitive College (37:49) Saving Strategies for Families with Higher Income (42:57) Ways to Utilize Student Loans (48:13) Student Loan Forgiveness Programs (50:36) Brad’s Final Takeaway (51:57) How Much Money Can Families Save on College Costs? (52:36) Where to Find Brad & His Services (53:16) Utilizing Credit Cards for College Tuition (55:08) How to Maximize Gift of College Gift Cards (1:03:35) Brad’s Disclosure Connect with Chris Newsletter | Membership | Twitter | Instagram | LinkedIn Editor’s Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Planning for college is more complex and expensive than ever.
0:06.0	From saving strategies to understanding the ins and outs of financial aid and scholarships,
0:10.0	there are critical decisions that can save or cost you thousands.
0:14.0	Today we're going to dive deep into the biggest mistakes families make when planning for college or student loans
0:20.0	and how to avoid them, And then at the end,
0:22.1	I'll share a few tricks I've been using to put 529 contributions on a credit card. So whether you're
0:27.5	just starting to save or navigating the process with your high schooler, this episode will give
0:32.3	you all the tools and tactics you need to do it right. I'm Chris Hutchins. If you enjoy this episode,
0:37.3	please share it with a friend or leave a comment or review. If you want to do it right. I'm Chris Hutchins. If you enjoy this episode, please share it with a
0:38.1	friend or leave a comment or review. If you want to keep upgrading your life, money, and travel,
0:43.0	click follow or subscribe. Now let's get into it right after this. This episode is brought to you
0:49.9	by Maui-Nui Venison. And while our whole family loves eating their meat, seriously,
0:54.5	it's the most delicious and nutrient-dense meat out there. I also want to talk about their mission
0:59.0	because it's incredible. They exist to help balance the Axis deer populations for the good
1:04.0	of the environment, communities, and food systems in Maui, and they've already provided over
1:08.3	160,000 pounds of meat to the Maui community. I love a company
1:12.6	with a mission like this, but because they make delicious jerky, steaks and ground meat,
1:16.7	that's easy to cook and that the whole family loves, even the kids, I knew I wanted to work with
1:20.9	this company. Let's go back to those jerky sticks because they are a staple in our house,
1:24.9	and I take them on the road all the time. You get 10 grams of protein in just 55 calories, which is 53% more than grass-fed beef.
1:33.3	It's not just me that loves it.
1:34.7	So many longevity experts and professional athletes are adopting venison as their go-to protein source.
	...

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