Education Planning

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3.0 Credits

Education planning plays a significant role in personal financial planning. Yet the cost of an education is one of the two greatest financial concerns for many families—the other, of course, being retirement. Each day, families must decide whether to fund vehicles for retirement or education. With proper personal financial planning, individuals can fund both.

In this CPE course, we examine personal financial planning for college, a critical consideration affecting areas from cash flow planning to income taxation. 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.

We will delve into financial aid and other funding 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.


  • 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.

Major 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

Designed For

CPAs and financial planners with basic knowledge of, and interest in, personal financial planning.

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