SOURCE: Studemont Group College Funding Solutions
HOUSTON, TX--(Marketwired - Jun 24, 2013) - CollegeFundingFreedom.com, a new site created by president and founder of Studemont Group College Funding Solutions John McDonough, offers advice for parents worrying about how to pay for their child's education.
"Many of our clients come to us because they are concerned that they don't have a plan," he says.
"They're afraid of walking into a financial situation that they won't be able to safely walk out of. We provide a service that offers a plan for parents to have their children attend the college of their dreams while, at the same time, protect assets including savings, home equity and retirement funds."
As with retirement, which is the specialty of CFS's parent company Studemont Group, McDonough says the sooner parents begin to plan and save for college, the better. Tuition for just one year of college ranges from $20,000 to $65,000; for elite schools, the cost can easily shoot into six figures, he says.
"That's the first and most important question parents have, 'How much is it really going to cost me to give my kid a promising future' -- but the answer isn't necessarily a static one," he says.
"We coach parents on the following: how to strategically position their student so that the school of their choice wants them; how to get schools into a 'bidding war' against each other, thus offering the most money for that student; how to legally and ethically make changes to their finances, minimizing taxes and lost interest."
About John McDonough
John McDonough is the managing member at Studemont Group, which is primarily focused on helping retirees gain peace of mind with unique market rescue and recovery programs. He is also founder, president and CEO of Studemont Group College Funding Solutions. His experience in the financial services industry includes managing partner at Granite Harbor Advisors in Houston and divisional vice president of AXA Equitable/AXA Advisors, the third largest insurance company in the world. McDonough is a member of the prestigious Forum 400, a Top of the Table qualifier for Million Dollar Round Table, an active member in National Association of Insurance and Financial Advisors and Society of Financial Service Professionals. He is an active board member for First Financial Resources, LLC. He has completed the course work to sit for the Certified Financial Planner® professional designation exam from Rice University.