The College Money Guys - April 2019

RETHINK YOUR FINANCIAL STRATEGY TIPS TO GET THE MOST FOR (AND AFTER) COLLEGE

Everyone thinks they know the best way to help pay for college, but most of the advice passed around is founded on old logic and straight- up misconceptions. If you’re looking to get the most money for college, here are three important tips you need to know. PRIVATE SCHOLARSHIPS AREN’T THE ANSWER Scholarships are always welcome, but you shouldn’t spend a lot of time hunting down private scholarships from foundations or organizations. These kinds of scholarships only make up 1 percent of the possible funding available to your student. Instead of wasting time focusing on that 1 percent, apply for the other 99 percent of scholarships that come from the federal government, your state, and the schools your student applies to. NOT ELIGIBLE FOR FINANCIAL AID? THINK AGAIN. Too many students miss out on valuable financial aid because their parents assume they won’t qualify, so they don’t even try! The truth is most families making between $40,000–$125,000 per year who own a

home do qualify for some form of financial aid. Even if you don’t qualify based on financial “need,” many schools may still consider your student for “non-need” based aid. But you’ll never get any money if you don’t apply first! PICK A COLLEGE WITH COOPERATIVE EDUCATION Cooperative education, or “co-op”, combines classroom learning with practical work experience. Schools with these programs allow your student to alternate between taking classes and working in a job related to the career they plan on pursuing. It may take students an extra year to finish college, but they’ll be walking out with their degree and valuable work experience, giving them a better chance of landing a good job soon after graduation. The staggering cost of college means most students will be paying off their degree for years, if not decades, to come. Your student doesn’t have to be one of them. A smart strategy is the key to affordable tuition, and it will set up your student to start making good money quickly after they’ve finished their last semester.

OPENING DAY HAMBURGERS

HAVE A LAUGH

Inspired by Saveur Magazine

INGREDIENTS • 1 pound ground chuck, 80 percent lean • 4 soft, white hamburger buns, split • 4 1/4-inch-thick tomato slices • 12–16 pickle rounds • 4 small leaves iceberg lettuce INSTRUCTIONS

• 4 1/4-inch-thick yellow onion slices • 1 teaspoon vegetable oil • Salt and pepper, to taste • Condiments of your choice

1. Lightly grease a small nonstick skillet with oil. Heat over medium-high. 2. While heating, gently shape meat into four patties 3 1/2 inches in diameter. Be careful to handle the meat as little as possible to prevent tough burgers. Season liberally with salt and pepper. 3. Sear patties on each side, about 1 minute per side. Reduce heat to medium- low and continue cooking until desired doneness, about 1 more minute per side for medium-rare, 2 more per side for medium-well. 4. Let meat rest for a minimum of 3 minutes. 5. To assemble, place patty on bottom bun and top with tomato, pickles, lettuce, and onion (in that order). Spread condiments on top half of bun and place on top of onion. Serve.

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