GET IN TOUCH

By filling out the form below, we understand that you are ready to talk specifics and find the best possible college experience for your student. Our team will be in touch with you within 2 business days. We can't wait to get started.

MCPT Inquiry
First
Last
First
Last

CONNECT

OFFICES

Educational Consultants
1001 Ogden Ave.
Suite 203
Downers Grove, IL

Financial Consultants
1717 North Naper Blvd
Suite 200
Naperville, IL

We gladly use video conferencing for clients who are unable to meet in person.

How Will The Education Budget Affect College Families?

How Will the Education Budget Affect College Families?

From the screaming headlines over the past few days, it would seem that the president’s new budget on higher education will be devastating to American families who are already struggling to pay for college. So, it’s time to be objective and look at the facts.  The president’s budget, if implemented, is really not going to have that much impact on MCPT families. Here’s a brief overview: Pell Grant Funding Though the talk about reducing the Pell Grant surplus has been…

Read More
Can Parent Plus Loan Forgiveness Rescue Some Families From A Lifetime Of Debt?

Can Parent Plus Loan Forgiveness Rescue Some Families from a Lifetime of Debt?

Unbeknownst to many who are struggling to pay for college, the current loopholes in the Parent Plus Loan rules allow some families to receive full forgiveness on a boat load of college debt.   It’s not a viable strategy for everyone, it’s not a recommendation by any means, and there is quite a bit of controversy surrounding it, but there is a way to banish the bills from your Parent Plus Loan for good. But should you? Parent Plus Loans…

Read More
Financial Aid Appeal:  How And Why

Financial Aid Appeal:  How and Why

You’ve just received your Financial Aid Award Letter from your favorite college, and it just isn’t enough.  Besides the thud of your disappointed heart hitting the floor, you hear a small voice in your head, “I’ve heard you can negotiate your college costs!!” Whoa there!  Take a step back.  That’s not quite true.  Accepting or declining a financial aid award is not like negotiating on a used car!  Prepare for a bit more courteous and considerate approach, and read on.…

Read More
Interpreting Your Financial Award Letters Can Be A Complicated Task

Interpreting Your Financial Award Letters Can Be a Complicated Task

Applying and subsequently gaining admission to a college or university is an exciting time for both you and your student. However, the exhilaration of an acceptance letter is invariably followed by the typically more sobering award letter; wherein you learn what will be expected of you financially. That is at least, their intended purpose. According to financial expert Mark Kantrowitz, almost 1/3 of financial aid award letters underestimate some of the costs of attendance, while other costs go unacknowledged altogether.…

Read More
Analyzing Your College Award Letters

Analyzing your College Award Letters

College award letters are already fairly confusing. What's worse, they can often be somewhat misleading. This is especially problematic– considering major decisions are made based upon that first award letter; when the next one could be dramatically different. Before you accept a school’s award, there are a few steps you can take to better ensure you won't be left out in the cold later. Avoid the Bait and Switch What you see may not end up being what you get.…

Read More
Government Proposals For Higher Education

Government Proposals for Higher Education

For better or for worse, higher education is a deeply political issue. The rules and regulations can vary substantially depending on who’s in office. One side wants to increase federal aid, while the other wants to do away with it altogether and leave it to private institutions.  It can be difficult to keep up to date with it all, but it’s important to make sure that you do so. The government may not be as forthcoming with information that could…

Read More
5 Common Student Loan Mistakes

5 Common Student Loan Mistakes

My College Planning Team's Financial Aid Team presents five of the most common student loan mistakes. https://www.youtube.com/watch?v=QqXP7WTrDmk Need Help Paying for College? My College Planning Team's Financial Team can assist you with identifying the best methods to use to fund your student's college education. Contact our team for more information or click here to schedule a free consultation. My College Planning Team Serves the Following Chicagoland Areas: Arlington Heights · Aurora ⋅ Barrington ⋅ Bartlett ⋅ Batavia ⋅ Bloomington ⋅ Bolingbrook ⋅ Buffalo Grove · Carol Stream ⋅ Carpentersville · Clarendon Hills…

Read More
Student Loans: Why Parents Shouldn’t Worry

Student Loans: Why Parents Shouldn’t Worry

While nobody likes debt, student loans may not be the crucible you’re expecting. Further exacerbating the issue is talk of the Student Loan Crisis currently gripping America. To understand why student loans may not be the worry you think they are, let’s explore what the current loan crisis actually is. Student Loan Crisis! The abridged version: The price of college is soaring, to compensate for this more and more families must take out exorbitant loans saddling them with mountains of debt. To make…

Read More
Avoiding FAFSA Fraud

Avoiding FAFSA Fraud

The financial aid process can be a daunting one. It’s often a good idea to seek out help when filing your FAFSA. How you file can be the difference between receiving or not receiving quite a bit of money. More financial aid is (ostensibly) allocated to those who express the most need. It is one of the few instances in which the worse your finances look, the better you are for it. The savvy filer will create the worst possible snapshot of their financial…

Read More
529 Plans And The Financial Aid Consequences

529 Plans and the Financial Aid Consequences

529 Ownership and Financial Aid Considerations Before exploring what are some investment strategies in regards to 529 plans, there are some important points to consider first. It is very important to understand the financial aid rules that apply to 529 plans and the ownership of the plan. Under the federal methodology, both parent owned and student owned 529 plans are assessed as parent assets. Under the institutional methodology, however, student owned 529 plans can be treated as a student asset depending on the college. This…

Read More
Search