Red Oak College Planning New Jersey began as a part of owner Mike Velasco’s college financial planning practice in new jersey. After experiencing the college planning process first hand with his children, Mike decided there needed to be safer, more effective ways to save for college, to help students successfully gain acceptance to their dream school and to minimize family’s out-of-pocket costs. And thus, Red Oak College Financial Planning based in New Jersey was born.
Red Oak College Planning New Jersey was started as an additional service to provide college financial planning practice in new jersey. I have three children, and when my oldest Haley was beginning the college process, we were overwhelmed by the process and the complexity. I graduated from college with a degree in public accounting and I have prior work experience as a CPA, so I know how to work with financial statements and tax returns.
I was absolutely amazed at the complexity of the college application and financial forms process. Additionally, I, at the time, like most folks with children who had saved for college, was dismayed at the negative performance of my kid’s 529 plans in 2008 and 2009. After suffering huge losses in these plans, I felt strongly that there had to be safer and more effective ways to properly save for college, to maximize financial aid and to help my kid’s get accepted to the college’ s of their choice.
I researched the market, attended hours of formal training on college financial aid, educated myself about the process including using these same strategies for my kid’s. Effectively, my children became my experiments and fortunately for us as a family we were successful! Thus, Red Oak College Financial Planning based in New Jersey was born in 2011.
Fast forward to today, I have worked with hundreds of families to help them plan for college more effectively. I guide these families every step of the way in the college application and financial aid process with the ultimate goal of having their children accepted to the college of their dreams at the lowest out-of pocket cost to their families.