College Benefits Research Group Co-Founder, Steven Sirot, Quoted in NJMoneyHelp

College Planner Offers Tips For Grandparents Gifting Tuition Help. End Quote

(1888PressRelease) August 04, 2017 - Roseland, New Jersey – College is expensive and many grandparents want to help their grandchild(ren) as well as their own children as much as they can with this financial burden. NJ Money Help recently spoke with Steven Sirot, Co-Founder, College Benefits Research Group (CBRG), regarding grandparents easing the cost of tuition for both the parent of the student and the student without affecting their potential financial aid.

In the article, "How College Gifts Can Hurt Financial Aid,” Sirot states, “The issue is that the gift is treated as untaxed income to the student, which can significantly lower financial aid eligibility.” He continues, “The timing of the gift is very important. The money may need to be reported as assets of the parent, reducing potential aid eligibility as well.”

Please click here to read the article in its entirety: http://bit.ly/2vjnUh8

College Benefits Research Group (CBRG) is a college planning organization with a unique model for working with families to find the right “fit” for their child not only financially, but academically and socially as well. Their three prong model in the college planning arena is innovative and effective in order to develop a college game plan that works for everyone. CBRG has appeared in print and broadcast media outlets.

Co-founded by Steven Sirot and David N. Slater and joined by their partner, Certified Educational Planner, Janet Loren, CBRG demonstrates how a private and/or public education is affordable and attainable and allows hard working families to hit a “home run” in finding the right school, academically, socially and financially, for their child. CBRG also assists with the filing of financial aid forms.

“We are different from other college planning services in that we offer “harmonization” of financial, educational and social guidance for the entire family,” says Steven Sirot. “We meet jointly with students and parents to develop a college game plan that works for everyone. Too often college students attend a school because their friends are there, or it is the so-called ‘hot school’ that is on everyone’s radar, without any consideration of whether the school is right for them or the long-term effect it will have on family finances. We work hard with the entire family to let students know that going to college is a responsible decision that affects the whole family, and there are no ‘free rides.’ The student will be responsible for their academic success in college, which includes graduating in four years, and for paying back of some loans that may need to be taken out in their name.”

NJMoneyHelp.com was founded by Karin Price Mueller, an award-winning journalist who has been answering your money and consumer questions for decades via The Star-Ledger, Inside Jersey, Consumerist.com and other trusted resources. Karin created NJMoneyHelp.com to give her readers essential information that you can trust. Trust is key. When you ask a question of NJMoneyHelp.com, you’re getting objective advice from top money professionals at no cost to you, and we will always protect your private information as if it was our own. When she’s not managing NJMoneyHelp.com, Karin writes the Bamboozled consumer affairs column for NJ.com and The Star-Ledger, New Jersey’s largest newspaper.

For more information, please visit: www.cbrg.info

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