College Cost Reduction Plans Should Not Include 529 College Savings Says Author, Ryan Clark

Aug. 22, 2011 - PRLog -- Families looking for ways to handle the alarming expense of paying for college or avenues to help in college cost reduction can sometimes be misled by their trusted financial planner. With the current rate of college tuition parents can face paying from $20,000 to $50,000 and upwards of $200,000 for a child to complete their college education.

Offering insights to help parent have a better understanding of the financial aid process and some common pitfall of dealing with the financial planning of their child’s education, Ryan Clark, MBA, CCPS,  a nationally recognized college aid expert, created “College Cost Reduction Eleven Foolish Things Families Do That Cost Them Thousands Of Dollars” to uncover the truths behind a 539 College Saving Plan.

Detailed in Chapter 4, Clark explains the shortcomings of a financial planner. As noted in a previous chapter, the authority figure, namely the financial planner, may not be providing advice in the best interest of families. The book details the real truth behind the financial planning industry which is the same - “Sales are King”

"How many of these individuals were former real estate agents, teachers, and salesmen that were now so-called financial experts after only a few weeks of training. With little training and the need to make commissions, you can see why 529 plans are recommend by most financial planners" says Ryan Clark.

While a majority of CPA and accountants do their best to give families the best possible outcome, there are still only a few that truly understand the intricacies and the ins and outs of financial aid.

"I learned that the hiring process was the same as the first company, but this company required you to sell a minimum number of life insurance policies each month. I kept thinking to myself, “If I am truly trying to help families, I don’t want the pressure of having to sell insurance even if they do not need it" explains Mr Clark.

The book also offers additional expert advice and thought provoking chapters that will help steer parents to the right path when it comes to creating a viable approach in putting their child through college. Furthermore, CollegeAidForMiddleClass.com advises families need to have a full understanding of the process of acquiring college grants  to avoid the common mistakes that can kill their chances.

Families and students can discover more and download the first four chapters from the book, “College Cost Reduction: Eleven Foolish Things Families Do That Cost Them Thousands Of Dollars" at http://www.collegeaidformiddleclass.com and learn everything they need to maximize their college cost reduction plans.