Educate4Less

Georgetown: $55,000 per year? Or $12,585 per year?

If a Student plans to attend $55,000 Georgetown and receives an aid award package of $30,000, the family may still need to finance $25,000. Assume the family can afford $1,000 per month for college. If the family needs to borrow the full $100,000 they had - until now - six (and only six) choices:

(Values as of September 14, 2009)

(1) Cash - $12,500 twice per year; college cost is $100,000;

(2) The "Ten-Pay" program - $2,500/month; cost is $100,000;

(3) Their 401-k Plan, a terrible option - $2,500/month; cost about $150,000;

(4) PLUS loans (9.38%) - $1,275/month, ten years; cost is $152,998;

(5) Private student loans (variable rate, NO caps) - cost up to $446,607 (!)

(6) Private parent loans (variable rate, NO caps) - cost up to $183,474.

Now, there's a seventh way - the edCelerator™ - and it provides a college cost in our example of $50,340! The family remains on-budget at $1,000/month and has the college loan paid off in just over eight years. For details, please see our dedicated edCelerator™ website. For a custom, personalized, FREE proposal of what the edCelerator™ might save YOU, as well as more detail, please go here.