This site uses cookies to store information on your computer. Some are essential to make our site work; others help us improve the user experience. By using the site, you consent to the placement of these cookies. Read our privacy policy to learn more.


Education Planning Logo aicpa

  Susan M. Tillery, CPA/PFS, CFP® , Tom Tillery, ... |   $69.00 - 89.00 |   CPE: 3.0 |   AICPA |   Oct 2017 |   Specialized Knowledge and Applications |   AICPA Store

This CPE course can be purchased individually or as part of the Investment Planning Certificate Program.

Education planning plays a significant role in personal financial planning. Yet the cost of an education is one of the two greatest financial concerns for many families—the other, of course, being retirement. Each day, families must decide whether to fund vehicles for retirement or education. With proper personal financial planning, individuals can fund both.

In this CPE course, we examine personal financial planning for college, a critical consideration affecting areas from cash flow planning to income taxation. This course looks at the personal financial planner's role and the need to be knowledgeable about education funding vehicles, student financial aid programs, education tax credits, as well as income tax applications for education planning. The successful coordination of these disparate elements is necessary to accomplish a successful education plan.

We will delve into financial aid and other funding methods, as well as discuss funding strategies and tax planning. The final part of this course examines how education planning is integrated with the other areas of personal financial planning.

Part Three includes a flow chart that details various education funding strategies, including:

  • Education Savings Bond Program
  • Coverdell Education Savings Account
  • Qualified Tuition Program
  • 2503(c) Trust
  • $14,000 annual gift tax exclusion amount
Learning Objectives

In this course, you will learn to do the following:

  • Identify education funding strategies.
  • Distinguish among the elements of the financial aid formula.
  • Calculate the financial need component of financial aid.
  • Identify the most common type of financial aid.
  • Recall the income tax treatment of the student loan interest deduction.
  • Identify a consequence of a student loan default.
  • Distinguish between loan consolidation, deferment, and forbearance.
Key Topics
  • The planning process and gathering of information
  • Assessing financial aid and funding methods
  • Funding strategies and tax planning
  • Integration with other areas of PFP
Who Will Benefit?
  • CPAs and financial planners with basic knowledge of, and interest in, personal financial planning.

Enhanced On-Demand Format

This enhanced on-demand format offers meaningful and relevant content in the form of tables, charts, and discussion points on slides. An instructor who is an expert on the topical area breaks down complex topics, offers best practices, provides clarity, and shares insights that help the learner achieve the learning objectives for the course.


PFP section members and PFS credential holders receive a 20% discount

When you log into this website with your AICPA member account, the section discount will be automatically applied during checkout. Section discounts cannot be combined with any other offer. Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 or

Find out more information on the PFP Section.

Topics covered:
  • Tax: Technical: Individual income taxation : Specialized issues, Intermediate
  • Personal financial planning: Technical: Specialized planning issues: Education planning, Intermediate