DEVELOPING FUTURE SCHOLARS, INC.

 

The average family does not have the dollars necessary to fund a college education.  They will have to depend on some form of financial assistance if their student is to attend college.  Unfortunately, not having money does not automatically qualify you for financial aid. Lack of preparation is the main reason students do not get funding. Good grades are not enough. Parents are shocked when their “A” student gets little more than a handshake and a diploma. If the “A” student is having problems, the problem exponentially increases for those students having less of a GPA.

 In September of 1989, I went to a college financial aid office to see why my daughter was not getting financial aid. I handed the individual my Student Aid Report and without opening the letter, she said I made too much money to get financial aid. How was she able to determine that without opening the letter? I would not find out until a year later.

 At a special college workshop, I met a man that had a unique company. The mission of his company was to show upper-middle-income and above individuals, “Rich People” how to get financial aid. That is right! Rich people could get financial aid. To my surprise, there was nothing unethical or illegal in what he did. He simply explained the financial aid formula and applied it to the individual’s circumstance.

 Here is one strategy.  In 1990, to classify a student as independent, the parents deleted the student from their income tax return two consecutive years in a row. The student would not have to enter parent’s information on the financial aid application.  People who knew this simply dropped their student from their 1040 when they were sophomores in high school. Their student could ride in their limo to pick up their financial aid.

 He also pointed out how someone living in a housing project not knowing the financial aid formula, would be told they were not able to get financial aid to attend a community college.

 After spending eight hours with him, I knew what I had to do. I had to show everyone I could what the total process for selecting a career, a college or university, and how to get the selection funded.

 One of the most profound statements made in the workshop was, “Financial Aid is not education welfare, all working Americans contribute to the U. S. Department of Education via their tax dollars every April 15th whether they receive financial aid or not. You owe it to your family to master the process so some of your tax dollars benefit your children when you need it. We are committed to helping you, your family.

 Sincerely yours,

 Charles Anthony Potter

Executive Director

 

 

 

 

The average family does not have the dollars necessary to fund a college education.  They will have to depend on some form of financial assistance if their student is to attend college.  Unfortunately, not having money does not automatically qualify you for financial aid. Lack of preparation is the main reason students do not get funding. Good grades are not enough. Parents are shocked when their “A” student gets little more than a handshake and a diploma. If the “A” student is having problems, the problem exponentially increases for those students having less of a GPA.

 In September of 1989, I went to a college financial aid office to see why my daughter was not getting financial aid. I handed the individual my Student Aid Report and without opening the letter, she said I made too much money to get financial aid. How was she able to determine that without opening the letter? I would not find out until a year later.

 At a special college workshop, I met a man that had a unique company. The mission of his company was to show upper-middle-income and above individuals, “Rich People” how to get financial aid. That is right! Rich people could get financial aid. To my surprise, there was nothing unethical or illegal in what he did. He simply explained the financial aid formula and applied it to the individual’s circumstance.

 Here is one strategy.  In 1990, to classify a student as independent, the parents deleted the student from their income tax return two consecutive years in a row. The student would not have to enter parent’s information on the financial aid application.  People who knew this simply dropped their student from their 1040 when they were sophomores in high school. Their student could ride in their limo to pick up their financial aid.

 He also pointed out how someone living in a housing project not knowing the financial aid formula, would be told they were not able to get financial aid to attend a community college.

 After spending eight hours with him, I knew what I had to do. I had to show everyone I could what the total process for selecting a career, a college or university, and how to get the selection funded.

 One of the most profound statements made in the workshop was, “Financial Aid is not education welfare, all working Americans contribute to the U. S. Department of Education via their tax dollars every April 15th whether they receive financial aid or not. You owe it to your family to master the process so some of your tax dollars benefit your children when you need it. We are committed to helping you, your family.

 Sincerely yours,

 Charles Anthony Potter

Executive Director