Tuition Discount
What's the biggest secret in college planning? That parents are paying far more to educate their children than they have to.
An examination of the "true cost of college" may be helpful: A family that spends $25,000 out of pocket every year, for four years has spent $100,000 on college.
A family that borrows $100,000 to come up with $25,000 each year for college, on the other hand, will have spent far more than $100,000. The best college loan, or financing, system prior to the availability of the edCelerator™ - the PLUS (Parent loans for Undergraduate Students) - entails a real cost of $153,000 for that $100,000 borrowed. This figure includes the interest on the loan.
PLUS loans can make college 50% more expensive than cash. The edCelerator™ can, for those families that qualify, make college 50% cheaper.
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