175: How to Negotiate College Tuition and Save Big: A Conversation with Kelly O'Connor

Re-Define Podcast

Ever wondered if college tuition is negotiable? In this episode of Day One Dollar Zero, we sit down with Kelly O'Connor, founder of College Money Academy, to unravel the complexities of financing a college education. Kelly shares groundbreaking strategies to help families reduce the cost of college, avoid massive debt, and maximize opportunities for their children. From understanding financial aid packages to negotiating tuition rates, this episode is packed with invaluable insights for parents and students alike. Whether you're gearing up for college applications or planning ahead for the future, this is a must-listen!

Timeline

[3:45] - Meet Kelly O’Connor: Background and journey into entrepreneurship.
[15:20] - The pivotal moment: Discovering that college tuition is negotiable.
[22:35] - How financial aid packages really work—and why they’re often lowballed.
[30:50] - The importance of packaging your student for success: Clubs, grades, and leadership.
[42:15] - Breaking down FAFSA and the strategies to reduce your Expected Family Contribution.
[55:00] - How College Money Academy helps families save thousands on tuition.
[1:05:10] - Marketing, webinars, and reaching parents nationwide with the right tools.

Key Takeaways

• College Costs Are Negotiable: Parents should never settle for the initial financial aid offer. There’s almost always more money on the table.
• Start Early: Begin preparing as early as freshman year by focusing on community service, leadership roles, and extracurriculars.
• Understand FAFSA: Learn how your income and assets impact your financial aid eligibility—and why repositioning assets isn’t always the solution.
• Package Your Student: A well-rounded profile with strong academics, leadership, and community involvement can make a huge difference in reducing costs.
• Get Expert Help: Navigating the college funding process can be overwhelming. Experts like Kelly O’Connor and College Money Academy can guide you through every step.

College Money Academy: collegemoneyacademy.com