Frequently Asked Questions

Frequently Asked Questions

1What if I have more than 1 student in College?
There is a $300 discount for each additional student in your family attending college at the same time.
2What if I don’t qualify for financial Aid. Can you still help me?
Yes. Even if you don’t qualify for need based financial aid, the college search will help you find the schools that provide the best fit and the most merit based scholarship money to ensure you are getting the best educational value for your out of pocket expense.
3What is your Privacy Policy?
Any personal information provided may be shared between 123College.com, Inc. and Intelligent College Planning, LLC solely for the purpose of understanding the family’s situation more completely. 123College.com, Inc. will not disclose any information to parties not mentioned in this agreement without the expressed consent of the client. Look under the "about us" tab for expanded info on our privacy policies.
4Does the Fee cover all undergraduate years?
Yes
5What if my financial picture changes, can I appeal my aid package?
Yes
6Do you sell my information to others?
Absolutely Not!
7How do I get started?
Please email us your contact information to: martin@IntelligentCollegePlanning.com to arrange for a free 15 minute phone consultation.
8What if my student is already in college? Can I still use your service?
Yes. We charge only $1495 if your student is already attending college. We will file the financial aid forms for your student for the remaining years he or she is in undergraduate college.
9How are savings treated if in a 529 plan?
529 Accounts where the parents are custodian are considered parent assets. Parent assets are assessed at 5.65%. If the 529 account is in the grandparent’s name, it is not assessed in the financial aid formula until the money is used for tuition. When it is used for tuition, it is assessed as a student asset at 50% above $6,000 of AGI the student is allowed to earn. There is a secret to avoiding this problem. When you sign up, we will discuss this with you.
10Can you help me for Graduate School Students?
Unfortunately, not.
11What is the maximum income I can earn before I do not qualify for need based financial aid?
For need based financial aid, the maximum income you can earn with one student in college for an in state public school is about $100,000. For out of state public and private universities, the maximum income you can earn is about $175,000. The income threshold goes up with additional students in college at the same time.
12What if I don't qualify for need based aid? Can I still use your service?

Yes. When we determine that you will not qualify for need based financial aid, the college search in the student profile report will then focus on those schools that offer the most amount of merit based scholarships that your student would qualify for, thus reducing your out of pocket expense. The other information in the report on the school's profile is very valuable to any student regardless of financial aid.

Colleges may still require you to file the financial aid forms each year in order to be eligible for some of their merit based scholarships. This depends on the school and the specific scholarships for which you apply. Even if you don't receive scholarships or financial aid, you still need to file the FAFSA form in order to receive a PLUS loan. So it is still prudent to file the financial aid forms even if you do not qualify for need based financial aid.

You also need to resubmit your financial aid request each year. Therefore, it is also possible that you do not qualify for financial aid initially, but you may qualify in future years as your financial picture changes.

13It sounds too good to be true, is this a scam?
Not at all. When dealing with Financial aid for undergraduate degrees, free money is available through the Federal Government, State Government, or the College itself depending on a family’s income, assets, the college’s endowment fund, and student qualifications. Most of the Free money comes from the college itself. It is important to apply to a college that has the money to give out. Most state schools do not have large endowment funds. So in many cases, it pays to apply to a more expensive private university if you qualify for a large financial aid package.
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The year FAFSA was created to simplify applying for financial aid. It has become so intimidating, with more than 100 questions, that critics say scares off the very families most in need, preventing some from going to college. - NY Times

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DID YOU KNOW? 529 Accounts where the parents are custodian are considered parent assets. Parent assets are assessed at 5.65%. If the 529 account is in the grandparent’s name, it is not assessed in the financial aid formula until the money is used for tuition. When it is used for tuition, it is assessed as student income at 50% above $6,000 of AGI the student is allowed to earn. There is a secret to avoiding this problem. When you sign up, we will discuss this with you.