College Benefits Research Group Featured On Financial Portals

CBRG discusses 529 Plans. End Quote

(1888PressRelease) February 06, 2016 - Roseland, New Jersey - CBRG explains the intricacies of the NJ 529 Plan. Determining how to save money for college can be a difficult process for families. 529 Plans are a popular option for many families, but may not always be the best choice. David Slater, Co-founder, College Benefits Research Group (CBRG), recently discussed the subject with online news site NJMoneyHelp.com and radio station NJ101.5.

Slater explains how 529 Plans offer tax-free growth when used for qualified educational expenses, but do not always provide any investment guarantees. This can be a problem, especially when the investment allocations are at significant risk when kids are in high school and approaching the need to use these funds.

"Even if there was a tax-free, guaranteed, college focused account with growth - and to date there is not - unless it is evaluated from a comprehensive perspective of the student's and family's overall situation, it may not even be the right thing to do," Slater said.

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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 (CEP), 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."

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

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