In this episode Rhonda talks to Vicki Vollweiler, the Founder of College Financial Prep, about plans and strategies on saving money on the cost of college when parents are separated or divorced.
According to Vicki, it is possible to save money on the cost of college, but it takes some planning and strategizing. She talks about developing a college list, merit and need based scholarships, filling financial aid forms, filling appeals due to separation and divorce, custodial parents, and student loans.
Vicki recommends to start developing a college list by high school sophomore/junior year, and by the end of junior year to have a list of 30-40 schools to research. Lot of information about that can be found online, but it is also important to go to college fairs and to talk to the admissions representatives.
Contact Information and Other Resources
Vicki Vollweiler, Founder of College Financial Prep is a divorced mom of two children who understands the financial complexities of sending a child to college. Her work with families (primarily those who are divorced) throughout the entire financial aid process starts from strategically creating a college list through financial aid form preparation, appeals and student loan guidance which ensures that families are able to maximize college savings, minimize costs and reduce the need for student loan debt.
Here’s how Vicki describes herself:
It all started with my own personal story. I was a Divorce Coach who helped people attain goals, specifically with regards to their personal finances. As clients started to ask me how they were going to afford the cost of college, my own son was approaching high school and I certainly wanted the best for my son!
As a divorced mom, I knew that I wanted to spend the least amount of money necessary to ensure, both, his success and happiness while allowing me to maintain my bank account and not go into debt. I know that we all want the absolute best for our children, especially, when preparing for college. The key is to be informed, strategic and detail oriented so that you can maximize savings on the cost of college. If you're unsure how to proceed, don't potentially lose thousands and thousands of dollars. College Financial Prep was created to guide families through the maze of college financial aid.
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Our host of Divorce Conversations for Women Podcast is Rhonda Noordyk, CFEI, CDFA®
Rhonda Noordyk's relentless pursuit of financial justice for women going through divorce drove her to leave the financial industry in 2014 to open The Women's Financial Wellness Center. She was in search of a better way. She used her knowledge, passion, and experience to build a leading-edge business model. The intention was to create a business that provided a safe place for women - especially those in a vulnerable position - to find their paths, find their voices and find the financial confidence they need to lift themselves out of seemingly hopeless situations. Since starting the Women’s Financial Wellness Center, after a 10+ year career in the financial industry, she has helped alleviate financial vulnerability for thousands of women.
In addition to being the CEO of The Women’s Financial Wellness Center, Rhonda is also a professional speaker. While her platform is women’s money wellness, it is not just about money. Her topics include: assertive communication, boundaries, leadership and overcoming financial myths. Her speaking experience includes: GE Healthcare, UWM Women’s Leadership Conference and Marquette Law School. In addition, she has appeared on Fox6 News, Real Milwaukee, and Morning Blend. Her dynamic and inspirational style leaves women with a sense of empowerment.
Rhonda Noordyk, CFEI, CDFA®
CEO | The Women's Financial Wellness Center
email@example.com | (262) 522-1502
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