Brian Eufinger, co-founder of Edison Prep talks about the college admissions process and financial implications involved in the college selection process. He explains how students should approach the process to give themselves the best financial and career situations both in the near term and long term.
Take away: Have conversations about the cost and choice of college.
Action step: Parents of sophomores should have their kids take a timed test at the end of the school year. For younger kids make sure they are on the right math track.
Money Learnings: Brian didn't have a formal financial education. He was told take a great financial class in college that helped him get on a good financial track. Brian had a entrepreneurial spirit as young kid.
Brian and Silvia Eufinger run a two-person ACT tutoring company in Georgia called Edison Prep
. They teach full-time and have tutored over 13,000 students and over 40,000 hours. They still take both SATs and ACTs each year to stay current. Brian has the only back-to-back-to-back perfect scores
in the history of the ACT test.
- Brian's goal was to have financial success without having to give up all his time.
- "No purchase feels as good as early retirement."
- The significance of a higher standardized college test score.
- Picking the right person to help you improve.
- Picking the right test for your student.
- When to start studying for the test.
- Why Brian chooses not to scale his business.
- How to find a good test tutor.
- Do you need a college councilor?
- Does the college you are applying to, know who you are?
- Is early decision a good choice?
- Are the scholarships stack able?
- The importance of GPA and test scores.
- The power of a good essay. https://apply.jhu.edu/application-process/essays-that-worked/
- Make friends with the admission councilor.
- Google: "college name" common data
- Importance of GPA, and grade inflation.
- University of Alabama merit aid: https://scholarships.ua.edu/types/in-state.php
- Listen to your kids!
- How important is sports for college?
- The importance to taking ACT / SAT at the end of sophomore year.
Richer Soul Life Beyond Money. You got rich, now what? Let's talk about your journey to more a purposeful, intentional, amazing life. Where are you going to go and how are you going to get there? Let's figure that out together. At the core is the financial well being to be able to do what you want, when you want, how you want. It's about personal freedom!
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Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.