Scholarship Trust Funds
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Armando Said:
See, I have this trust fund and...?We Answered:
I don't see why the trustee would have a problem with that, it is regular living expenses.Katie Said:
Does anyone know how to set up a trust/scholarship fund for someones kids?We Answered:
Easy...email me.I'm a wealth manager with an attorney friend who can draw up your documents and I will guide your investments.
Trusts need to be set up legally...so see an attorney. Then hire a broker to manage the money.
Rita Said:
How am I to get tuition assistance?We Answered:
Hmm, well as the person above mentions, you need to give a bit more information.One thing you can try to do to alleviate the amount of money spent is to get some person in your classes to split the cost of some text book and then share them. It may sound crazy, but you also sound desperate.
Ida Said:
S-Corp Scholarship Fund?We Answered:
I found some info about getting this scholarship online in this scholarship database - universities.atwebpages.comVivian Said:
How can I pay for college other than working 40 hour weeks?We Answered:
Most people take out loans for college, and work part time if they are going to school full time. Few people get an absolute free ride to school; either from scholarships or money from their parents. I would also recommend not borrowing more than $30,000 total for your bachelors degree.Kyle Said:
How do you set up a trust fund, giving scholarship to a needy person?We Answered:
You will probably find that all educational institutions already have a suitable vehicle and that all you need to do is to draw up a set of instructions. They can help you with this.However, the problem may be in defining 'needy'.
I ran into this a few years ago when I wanted to thank the Open University where I got my degree by sponsoring a student. I thought it would be simple but it was not at all. I struggled with various definitions knowing that it had to be something easy to measure. I thought about no car but there are places in the country where this is essential. I thought about no internet but this is often a requirement to study with the OU.
Eventually I hit upon something that nobody ever actually 'needs' that would define someone as genuinely needy - someone sufficiently hard up not to have a television. Now I did not think that this would be that difficult to find. For instance, I have never personally owned a tv but believe it or not, ten years later the university have not found a single candidate.