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Smart College Buyer

Smart College Buyer

By: Jack Wang
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 Strategic guidance to the college admissions and college financial aid process for students and families curious about funding higher education. By planning ahead, understanding what the admissions offices at your target universities are looking for, and familiarizing yourself with the financial aid process, you can streamline the college experience and avoid any last-minute surprises that could impact your ability to pay for college. No more wondering “How am I going to pay for college?” From scholarships to grants to loans, and the options at each school across the US, knowing your options and how to access them can help you focus on getting the best college education in your desired field rather than worrying about mounting college expenses. Jack Wang is your guide to financial aid strategies, selecting the best school for your interests, and creating an affordable plan for your family, maximizing the experience for all involved. Don’t get caught playing checkers while the universities are playing chess! Listen here every-other-week as we break down the essential steps and strategies around college financial aid and admissions.Copyright 2025 All rights reserved. Economics Personal Finance
Episodes
  • Balancing College, Retirement, and Real-life Financial Goals | EP 22

    Balancing College, Retirement, and Real-life Financial Goals | EP 22
    Dec 25 2025
    The scariest thing about college isn’t the application—it’s the bill. But what if you could face tuition with clarity—and maybe even confidence? Paying for college is more complex than ever—with tuition rising and new legislation changing the landscape for student loans and financial planning. The earlier—and the more holistically—you strategize, the better set up your student (and your family’s financial future) will be. That’s why today’s episode introduces you to Brenton Harrison, the host of the New Money, New Problems podcast. Building a College Plan That Won’t Derail Retirement Brenton is a fellow financial advisor who’s also well-versed in the tax and student loan impacts of Trump’s Big Beautiful Bill, so we took the opportunity to explore strategies that families can use to balance college expenses without derailing other financial goals. Here are 3 Key Takeaways every college-bound family should know: Have Honest Conversations Early Transparent talks about your college funding strategy—what you can afford, what you’re willing to spend, and what colleges expect—set the stage for stronger decisions. As Brent Harrison said, “Nothing you do financially happens in a vacuum.” Private school choices, savings vehicles, and retirement planning are all interwoven. Know the Impacts of New Student Loan Legislation Major changes in legislation in 2025 mean repayment options for federal loans—including Parent Plus—are shifting dramatically. Deadlines are approaching (July 1, 2026 & July 1, 2028) after which fewer repayment plans and forgiveness paths will be available. Families must understand the rules and plan ahead—those who act early have more options. Prioritize Flexibility in Savings College isn’t just about 529 plans anymore. Sometimes focusing on liquidity and a wider mix of non-retirement investments gives families more options later—especially if you’re balancing college against other needs like retirement and real estate. Smart Strategies for Affording College in 2026 and Beyond (00:06:16) Big Bill Act Reshapes Tax Planning (00:07:32) Tax Strategies and Loopholes to Explore (00:13:20) Student Loan Policy Changes After 2026 (00:15:55) Financial Choices and Education Impact (00:18:56) Financial Prep for College (00:25:56) Reduce Student Loans While Pregnant (00:29:54) Honest Conversations on Education Costs (00:31:20) Student Loans: Strategy and Balance From Tax Planning to Tuition: Maximizing Your Family’s Financial Success If worrying about tuition, student loans, or how to pay for college without sacrificing your retirement has kept you up at night, listen in to learn some creative ways to save (aside from the 529) and some even more creative ways people have funded their kids’ college tuition. “Nothing that you do financially happens in a vacuum. Anything you do in one area is going to impact another.” – Brent Harrison Many parents think, “I’ll put the kids in private K-12, then cobble together college costs.” But draining your savings means less for retirement and fewer education dollars saved. Similarly, hoping and wishing your teen will get a “full ride” isn’t a plan. When it comes to paying for college, the key is understanding how each financial choice connects to your broader goals—whether that means planning for retirement, managing student loans, or staying current on changes in tax laws. Many families benefit from honest conversations about what’s possible and proactive planning to keep their options open. Taking the time to learn, ask questions, and involve the right professionals can help make the journey less stressful and more rewarding for everyone involved. Follow Brenton Harrison: LinkedIn: https://www.linkedin.com/in/brentonharrison/ Website: https://www.newmoneynewproblems.com/ New Money New Problems Podcast: https://www.newmoneynewproblems.com/podcast Connect with host, Jack Wang: https://www.linkedin.com/in/thejackwang/ *be sure to send a connection request with a message saying Hello! Navigate college funding with me at www.smartcollegebuyer.com The content of this podcast is for educational and informational purposes only and should not be considered financial, tax, or legal advice. Nothing in this podcast is a recommendation or solicitation to buy or sell any financial product or service. Every family’s financial situation is unique, so always consult with your own financial or tax professional before making any decisions. While we do our best to provide accurate and up-to-date information, we can’t guarantee its completeness or accuracy. Past performance is not indicative of future results. Your mileage may vary. No warranties, express or implied. Batteries still not included.
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    34 mins
  • When Grandparents Want to Contribute to College Costs | Ep 21

    When Grandparents Want to Contribute to College Costs | Ep 21
    Dec 11 2025

    So, grandma and grandpa want to help pay for college? Congratulations!

    First, we need some clarity on what exactly they mean. Are they going to start funding a 529 early, are they planning on writing a fat check to cover tuition each semester, or are they planning on covering the student loan payments?

    Each option comes with its own student aid eligibility impact, tax repercussions, and, perhaps, familial obligations.

    In today’s episode, I break down the real impact of grandparent gifts on college affordability, from 529 accounts to direct tuition payments—even post-graduation support. It’s not as simple as just writing a check, and the way you approach it can make a huge difference. The smartest families plan ahead, understand gift taxes, financial aid formulas, and keep the family peace.

    Making Grandparent Contributions Most Effective for College Planning

    (00:06:16) Grandparents' College Funding Impact

    (00:08:49) Family Dynamics and Grandkids' Gifts

    (00:12:22) Estate Planning for College Costs

    (00:16:28) Complexities of Funding College

    (00:17:44) Grandparent Contributions Impact College Choices

    Financial Aid and Taxes: What Grandparent College Support Really Means

    While it’s generous and amazing when grandparents want to chip in for college, the mechanics of when and how they help—before, during, or after college—can impact your family’s financial aid, tax situation, and even family harmony.

    Key Considerations:

    • Financial Aid Formulas: Depending on whether your student’s colleges use FAFSA or the CSS Profile, gifts from grandparents could affect financial aid eligibility differently. FAFSA-only schools no longer treat these gifts as student income, but CSS Profile schools may still count the gift as untaxed income.
    • Asset Ownership: If grandparents own a 529 college savings account, it’s generally not reported as an asset by the student’s family on aid forms, but withdrawals might still affect aid depending on the formula.
    • Gift Tax Limits & Strategies: There are annual limits (currently $19,000 per giver, per recipient) for gifts, but special rules let grandparents “superfund” a 529 account with up to five years’ worth at once. Direct payment of college tuition to the school is also unlimited and gift-tax exempt.
    • Family Dynamics: It’s worth thinking about fairness and expectations among all the grandkids—sometimes a blessing leads to tricky family conversations.

    Creative Ways Grandparents Can Pitch In:

    1. Before College: Open and fund a 529 account, possibly utilizing the superfunding rule for estate planning.
    2. During College: Pay the college directly to take advantage of gift tax exclusions.
    3. After College: Help pay back student loans, cosign loans, or adjust estate plans to benefit grandkids in the future.

    Being strategic pays off! The simple act of gifting funds for education can carry complex and far-reaching consequences. Always consider your family's full financial and emotional landscape—and dive deeper before making decisions.

    Connect with host, Jack Wang: https://www.linkedin.com/in/thejackwang/

    *be sure to send a connection request with a message saying Hello!

    Navigate college funding with me at www.smartcollegebuyer.com

    The content of this podcast is for educational and informational purposes only and should not be considered financial, tax, or legal advice. Nothing in this podcast is a recommendation or solicitation to buy or sell any financial product or service. Every family’s financial situation is unique, so always consult with your own financial or tax professional before making any decisions. While we do our best to provide accurate and up-to-date information, we can’t guarantee its completeness or accuracy. Past performance is not indicative of future results. Your mileage may vary. No warranties, express or implied. Batteries still not included.

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    22 mins
  • How to Find Your Teen's Career Fit Before College and Avoid Costly Mistakes | EP 20

    How to Find Your Teen's Career Fit Before College and Avoid Costly Mistakes | EP 20
    Nov 27 2025

    What if your teen could confidently KNOW the right career path before they ever enroll in their first college class?

    What if your teen could focus and do well in class because they actually enjoy and are “wired for” those particular subjects?

    Well, they can! Today you get to meet my friend and special guest, Jay Dusold, the creator of the Life After 12th Program, who’s dedicated his career to guiding young people toward meaningful, fulfilling work—rather than just following the crowd or guessing their way through college.

    Ending the Guesswork: How Career Guidance Saves Time, Money, and Stress

    If you’re like me, you might have struggled with career direction yourself, or watched your own child navigate the overwhelming maze of majors and college choices. In this conversation, Jay Dusold and I discuss why so many students end up switching majors, spending extra years in college, or landing in jobs they don’t actually enjoy. We break down how understanding a student’s unique “career DNA” can make all the difference—helping families redirect their time and money toward options that truly fit.

    We’ll also tackle some common misconceptions parents have about college, share stories from Jay Dusold’s coaching practice, and offer practical ways to help your student gain clarity—and confidence—before making these big decisions.

    Navigating College Majors: A Smarter Approach to Career Planning for Students

    College is one of the biggest investments your family will make, but too often, teens enter school without a clear career direction—leaving a trail of wasted time, money, and stress.

    “57% of college students take six years to complete a traditional four-year degree and 72% graduate and get a job unrelated to their earned major.” - Jay Dusold

    Luckily, you have the power to ensure your teen doesn’t become one of those statistics by identifying a “verifiable career fit.” Here’s what else you’ll learn:

    (00:04:51) Finding Purpose After Uncertainty

    (00:08:54) Navigating College Majors

    (00:12:37) Rethinking College and Career Paths

    (00:19:21) Verifiable Fit Drives Success

    (00:24:19) Job Insights: 4 Key Lenses

    (00:29:44) College Value & Success Stories

    (00:32:28) Michael's Inspiring Career Pivot

    (00:34:29) Time, Passion, and Purpose

    Whether your child’s dream career requires a degree or not, clear planning and purpose can transform the college journey. Don’t spend six figures hoping things work out—get intentional, and let’s help the next generation thrive!

    Follow Jay Dusold:

    LinkedIn: https://www.linkedin.com/in/jaydusold/

    Website: https://lifeafter12th.com/

    Life After 12th Podcast: https://rss.com/podcasts/lifeafter12th/

    Connect with host, Jack Wang: https://www.linkedin.com/in/thejackwang/

    *be sure to send a connection request with a message saying Hello!

    Navigate college funding with me at www.smartcollegebuyer.com

    The content of this podcast is for educational and informational purposes only and should not be considered financial, tax, or legal advice. Nothing in this podcast is a recommendation or solicitation to buy or sell any financial product or service. Every family’s financial situation is unique, so always consult with your own financial or tax professional before making any decisions. While we do our best to provide accurate and up-to-date information, we can’t guarantee its completeness or accuracy. Past performance is not indicative of future results. Your mileage may vary. No warranties, express or implied. Batteries still not included.

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    36 mins
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