Education Planning

Overview

This CPE course can be purchased individually or as part of the Investment Planning Certificate Program.

This self-study course examines personal financial planning for college, a critical consideration affecting areas from cash flow planning to income taxation.

Narrated by Tom Tillery, this course looks at the personal financial planner's role and the need to be knowledgeable about education funding vehicles, student financial aid programs, education tax credits, as well as income tax applications for education planning. The successful coordination of these disparate elements is necessary to accomplish a successful education plan.

Updated for the Tax Cuts and Jobs Act of 2017, this course also delves into financial aid and other unding methods, as well as discuss funding strategies and tax planning. The final part of this course examines how education planning is integrated with the other areas of personal financial planning.

Also included is a flow chart that details various education funding strategies, including:

• Education Savings Bond Program
• UGMA/UTMA
• Coverdell Education Savings Account
• Qualified Tuition Program
• 2503(c) Trust
• $14,000 annual gift tax exclusion amount
• Education Planning

Enhanced On-Demand Format

This enhanced on-demand format offers meaningful and relevant content in the form of tables, charts, and discussion points on slides. An instructor who is an expert on the topical area breaks down complex topics, offers best practices, provides clarity, and shares insights that help the learner achieve the learning objectives for the course.

Highlights

Key Topics

• The planning process and gathering of information
• Assessing financial aid and funding methods
• Funding strategies and tax planning
• Integration with other areas of PFP

Prerequisites

Basic knowledge of the areas of personal financial planning (PFP)

Objectives

Learning Outcomes

• Identify education funding strategies.
• Distinguish among the elements of the financial aid formula.
• Calculate the financial need component of financial aid.
• Identify the most common type of financial aid.
• Recall the income tax treatment of the student loan interest deduction.
• Identify a consequence of a student loan default.
• Distinguish between loan consolidation, deferment, and forbearance