Process for creating a financial plan for funding of college...

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Reexamination Certificate

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Reexamination Certificate

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11095990

ABSTRACT:
A computer-implemented process creates a financial plan for parental funding of a student's college education. The plan includes a variable life insurance policy, a schedule of estimated college loans to be applied for by the parent for each of the years of attendance by the student, consolidation loan recommendations for consolidation of the annual college loans, including monthly debt servicing amounts for the consolidation loan, and debt servicing recommendations for making withdrawals or loans against the accumulated value of the life insurance policy to pay at least some of the monthly debt servicing amounts of the consolidation loan.

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Pennsylvania Bulletin, Rules and Regulations, Title 22- Education, vol. 26, No. 28, Jul. 13, 1996 pp. 3321-3342.
Federal Loan Consolidation Programs web page, prior to Jun. 30, 2002, 3 pages.
Student Loans and Federal Load consolidation, printout from NextStudent, Inc. web site: http://www.nextstudent.com/consolidation—loans/consolidation—loans.asp, copyright © 2004 NextStudent, Inc., printout date: Apr. 14, 2004, 2 pages.
“PLUS Loans (Loans to Parents).” The Student Guide 2002-3—Financial Aid from the U.S. Department of Education, publication of the U.S. Department of Education, Washington, DC, printout from web site: http://www.ed.gov/prog—info/SFA/Student Guide/2002-3/plus.html, printout date: Aug, 27, 2002, original posting date is unknown, 3 pages.
Student Loans and Federal Loan consolidation, printout from NextStudent, Inc. web site: http://www.nextstudent.com/consolidation—loans/consolidation—loans.asp, copyright © 2004 NextStudent, Inc., printout date: Apr. 14, 2004, 2 pages.

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