ZeroCollegeDebt Blog

The ZCD Foundation, a 501 (c) 3 for scholarships

adminzcd — Tue, 09 Feb 2010 23:00:39 +0000

The ZCD Foundation was started to raise scholarship funds in your local community. Our goal is to help communities raise funds through events for scholarship funds to support your local graduates. If you are interested in raising funds for your graduating seniors, go to http://www.thezcdfoundation.com . All the information you need is there.

Our model is different from any other. All the funds raised in your community will be used to support students from your community! Each time you do an event, we assign an accounting code and track all the funds raised. For all of you who are working for an organization that has a foundation, here is an opportunity for you to be able to participate. If your company has a foundation, IRS rules specifically prohibit any employees, contractors or board member relatives from benefiting. By putting scholarship funds into The ZCD Foundation, anyone in your community can compete for the funds. Works out great!

Send me an email and get started organizing today to maximize your scholarship funds ( ttoomey@thezcdfoundation.com ).

Setting up a scholarship foundation

adminzcd — Wed, 06 Jan 2010 20:25:08 +0000

What can be more important than helping students pay for college. Think of the impact of helping students reduce their debt! They can get out on their own faster, buy a house, buy a car, develop good credit, etc. I recently got approval from the IRS for 501 (c) 3 status as a public charity for The ZCD Foundation (website coming soon). Through this foundation, we will help raise money in local communities to provide scholarships for need-based or merit-based students. During the first few years, these scholarships will be for students starting college. As the fund grows, we plan to expand the criteria to help masters and doctoral level students as well. If you are interested in helping, please contact me at 512-791-3380 or email me at ttoomey@zcdproperties.com. We look forward to getting this foundation working as quickly as possible.

On another note, I just posted a short video about “I’m a Junior now…so what’s next?” http://tinyurl.com/yd9pf8j This video gives a short overview of what to expect your junior year of high school. Remember, organize as soon as possible to get ready for college. The FAFSA form is due now http://tinyurl.com/yb9q8ha . Take a look at this video to understand why the FAFSA is so important.

Why is the FAFSA so important to getting college aid?

adminzcd — Sun, 08 Nov 2009 17:54:50 +0000

All students should fill out the FAFSA to qualify for student aid. Here is a short video explaining why it is important and why every student should fill it out. Even if you think your parents make too much money to qualify for aid, there may be special programs at the universityyou may qualify for. Go to http://www.youtube.com/watch?v=H5T3ikfuiZA to learn more about the FAFSA and why it is important.

Introduction to Zero College Debt Program: Impact of Student Debt

adminzcd — Wed, 07 Oct 2009 20:22:56 +0000

I just posted the presentation from the Introduction to Zero College Debt Program: Impact of Student Debt

http://www.box.net/shared/laokv4tl6k

Take a look and see the full impact of student debt.

Join this introductory webinar to learn about Financing College using Real Estate

adminzcd — Thu, 01 Oct 2009 14:40:04 +0000

Webinar: October 6, 4:00 – 4:30 pm CDT

Learn how to finance college using real estate. Listen to a real life situation that shows you the power of our program and helps students anywhere in the United States reduce their after-college debt load.

Space is limited.
Reserve your Webinar seat now at:
https://www2.gotomeeting.com/register/377388098

For more information, go to www.zerocollegedebt.com

How to Finance College

adminzcd — Fri, 18 Sep 2009 16:05:18 +0000

Today’s college students are under tremendous pressure to develop a strategy to finance college and find alternative ways to pay for college. With an average debt of $20,000 after receiving a degree, students are starting off with a huge debt that will take them at least 10 years to pay off. Let’s look at some realities of the situation.

If a student can get a loan at 8.25% to finance college, and they owe $20,000 when they graduate, they will have to pay $245.32/ month for 10 years. This is on the low end of the scale but for those students who owe $100,000, their situation is very different. Using the same 8.25%, they would have to pay $1,226.54/month over 10 years or $852.07/ month over 20 years. We need to find an alternative that can give the students more options to pay for college. The discussion is ongoing, but few people are coming up with viable alternatives. We need to help students and families rethink alternatives to pay for college.

What is the financial impact of this kind of debt in a student being able to live independently after college.

If a student should find a job that pays $50,000/ year, that is $4,166.67/month income. Let’s use $1,500/month for rent, $150/wk food ($600/month), $250/month utilities, $300/month car payment, car insurance of $175/month, minus school loans $245.32/month or more, which leaves $1,096.35 to pay for health insurance, clothes, entertainment and let’s not forget income taxes and FICA. Even with a good paying job, the margin is very small. What happens to those who do not find a job immediately? They defer loans without realizing the full impact of this. Remember when you defer payments, the principal remains and interest is added. Your debt is growing rapidly. Many studenst use this option without realizing the full impact. When I tried to do research on deferring payments, I found lots of sites with services to consolidate debt or how to defer payment but no one was giving the real truth on the impact!

I have an alternative for you and I would like to talk with you and your family to show you the full impact of our program. Go to www.zerocollegedebt.com to learn how to use Real Estate to help pay for college. I know, everyone is scared of real estate right now, but prices are at an all time low and so are interest rates! This program shows you how to generate an income, has a support, benefits and ongoing education system that is available to you. We also work with Certified College Planners who can help you with your forms and develop strategies to understand ways to increase eligibility for college grants and scholarships and help your decrease debt while you figure out how to finance college.

Go to www.zerocollegedebt.com to learn more about this innovative program. Our program is innovative and brings in all the tax incentives and it may be able to save you between $40,000 – $100,000, depending on your situation and the college market you are entering. This method has been used by the wealthy for years but is now available to the average consumer to help pay for college.

If you need more information, go to www.zerocollegedebt.com

Presenting an actual case for Financing College Using REAL Estate

adminzcd — Fri, 11 Sep 2009 15:47:21 +0000

If you are interested in learning about Financing College Using REAL Estate, send an email to ttoomey@zerocollegedebt.com for an invitation to the webinar. Terry Toomey and a loan officer will be presenting a real example of how the deal is done and showing you where the savings and benefits are.

Co-ownership and Shared Equity Arrangements

adminzcd — Thu, 13 Aug 2009 17:33:17 +0000

the presentation on Co-Ownership and shared equity arrangements has been posted on slideshare.net. Go to http://tinyurl.com/lo6e5n to view. As the Zero College Debt Program is rolled out nationwide, more CPAs will have questions about our structure. This slideshow was developed with a CPA to answer questions.

To view the program, go to http://www.ZeroCollegeDebt.com to see how much money we can save you!

Market and Financial analysis for your college community will be sent to you after you join.

Learn about co-ownership and shared equity arrangements

adminzcd — Thu, 02 Jul 2009 14:04:45 +0000

On July 8 at 8pm EDT, Terry will be hosting a webinar to help you learn more about shared equity arrangements and how parents can help children buy property and get tax advantages. If you are interested, send me an email at info@zerocollegedebt.com and I will mail you the invitation.

Starting to schedule seminars for September

adminzcd — Sat, 20 Jun 2009 03:57:27 +0000

The Zero College Debt Program is working with Certified College Planners around the country to help families understand how to pay for college using real estate. Traditionally, only wealthy families could use this option. This program has organized the process and provides income, support, benefits and Real Life Learning System to give the student and family all the support they need to get all of their tax breaks. If you are interested in learning more, check out www.zerocollegedebt.com, Seminars: Coming to a City Near You for a list of consultants who are ready to help you do your college planning and save money. These two programs bring together a wealth of resources to assist you. Check it out!