Pros:
1. Helping people achieve their educational goals can be very rewarding.
2. There is a large market for college planning services, with many students and families looking for assistance in preparing for college.
3. You will gain experience in the financial aid process, allowing you to help others make well-informed decisions.
4. You will have the opportunity to network with other professionals in the field, giving you access to valuable resources and contacts.
5. You can work from home or a small office, giving you the flexibility to set your own hours and rates.
Cons:
1. You will likely need to obtain additional certifications or licenses to be able to practice college planning in some states.
2. The competition for clients is often fierce, with many established professionals already offering similar services.
3. It can be difficult to remain up-to-date on the ever-changing rules and regulations regarding financial aid and college admissions.
4. You may face resistance from clients who are resistant to change or unwilling to take the necessary steps for success.
5. There is a great deal of paperwork associated with running a college planning business, which can be time consuming and tedious.