42 LONGISLANDPRESS.COM • NOVEMBER 2020
FAMILY & EDUCATION
COLLEGE FINANCIAL AID STRATEGIES
PREPARING FOR UNKNOWNS
High school students preparing to
apply to colleges or universities in the
coming months will face an unprecedented
admissions and financial aid
process for fall 2021 applicants due to
the ongoing coronavirus pandemic,
experts say.
Helping to navigate the challenges
is Lockwood College Prep CEO Andy
Lockwood, an author and leading
college admissions and financial aid
expert on Long Island. He will be
hosting the live webinar along with
Schneps Media, the parent company
of the Long Island Press.
Whether you are the parents of a
high school senior or junior, or are
divorced or separated and concerned
about affording college, Lockwood can
help.
For example, parents can negotiate
with colleges after they offer financial
aid and/or a merit aid package. Lockwood
plans to explain how a Huntington
family negotiated an extra
$38,000 per year from the University
of Pennsylvania after the university’s
so-called final offer.
Did your accountant or financial advisor
tell you where to save for college?
Lockwood will explain why their
advice may have ruined your chances
of getting anything — and what to do
about it at the 11th hour.
Which types of savings accounts do
not penalize you in the financial aid
formulas? Is the much-advertised 529
College Savings Plan a friend or foe?
What are the legal loopholes business
owners can use to unlock cash buried
in their businesses? Lockwood intends
to answer these questions and more.
Lockwood will also explain the
counter-intuitive reason an expensive
private college can actually cost
less than a so-called “cheaper” state
university, the strange reason why
high-income families have an edge
when it comes to getting aid from
colleges, and how COVID-19 will affect
college admissions and financial aid
next year and beyond.
In addition, he will warn how high
school guidance counselors or College
Night might sabotage a student’s odds
of admission or getting financial aid.
Lockwood will also take questions
live from the audience during this
webinar.
All attendees will receive a free copy
of Lockwood’s latest bestselling book,
How to Negotiate Your Crappy Financial
Aid and Merit Aid Offer.
The webinar is scheduled for 6
p.m. Nov. 18. To register or view
more webinars, visit SchnepsMedia.
com/webinars To learn more
about Lockwood College Prep visit
lockwoodcollegeprep.com
Andy Lockwood
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