there are a lot of people out there. Ready to go to college to who have found that that the market for financial aid particularly those private loans is now what He used to be let me just tell everybody a little bit of value. Danny is the author of twelve books and CDs including how to go to college for almost. Free he's that 250000. Copies of that book in -- You can find him on the land at scholarship -- dot com and He not instantly put himself through college with scholarships -- Then how do you assess the situation I mean you're only 29 years old but it the ever seen

September. A survey that I -- I decide that came out from tuition -- stat com. -- at 60% of people who are seeking college financing for this year. Are still waiting to hear back on on their loan applications and many of them will not be

We are back on a -- friends except 156 talking about paying for college -- years paying for college -- broke paying for college . Without pulling out your hair which is is very different called. Question for a lot of parents -- these days you know I am talking with doctor Michael Franz levs is here with me in the New York studio we talk about this all the time and for people of of my generation. What we're faced with trying to pay for college and trying to pay for retirement on -- and at the very same time and need to -- and older parent into the next particularly for people who had their kids late. You could be hit with three. Big financial obligations all of the same time so how many swing men and we're. Does it fall -- the hierarchy shake out for year which comes first retirement or college .

Well for me that's. I'm I've. I -- three children through college and -- I'm trying to help with my grandchildren. I feel my my kids -- in the sandwich generations what really what you're talking about. I think that if you don't think about the simultaneously. You have a disaster looming. The wonderful news this is really possible. To use some of the same strategies that will. Help you with your retirement to pay for college have to be smart about it for example. The life insurance that protects your plan if it's there if it's permanent insurance can also fund college if you have time to build a cash reserves. And then when you pass away you know the money back. -- so this it's a multi body problem it's not a simple problem but if you start early you can take the steps that you need to take. In my in my book -- I have a 22 strategies. To reduce the cost of college and another eleven strategies. To actually increase your Friday had financially potential the world we were talking about before is particularly dear to my heart. My wife teaches at an excellent community college in Westchester west this community college and and palm. That's an open admission school what it means it means anybody can get in okay -- tuitions a couple of thousand dollars a year and if you understand how. -- the tax favors -- By the hope scholarship in the lifetime learning credit work. A you can actually get a tax credit for a lot of that tuition rate.

if they're earning money. So now kids go to the two year college . And if they do well when they -- a certain number of credits they automatically get admitted to us a state university. A campus which are hard to get into my daughter went to Binghamton He needed in 93 and a half average back twenty years ago. The very very competitive and there are very excellent. So you go to the community college in you season yourself and -- fighter who you war -- you really want to do your parents have not wasted two years of that's expensive tuition . Because the dropout rate is 54% of this.