Our story

Mellen Money Management is an independent fee-only financial planning firm specializing in college-specific consulting and student loan repayment advice. We have spent our careers learning the world of personal finance inside and out and are here to help a new generation plan for their future and the future of their growing families. Our focus is on helping clients manage and optimize key milestone events to enhance their overall financial health. More specifically we help families and young professionals balance the burden of paying for college while accomplishing other financial goals, thereby allowing our clients to live a better life. We emphasize college planning because today's tuition rates make the cost equally as important to plan for as retirement.


The firm was named after Scott's grandparents, who helped pave his way to an affordable college education. Without their generosity, Scott would have been stuck climbing out of student debt like many young professionals are today. Scott's grandparents' lifetime of generosity has inspired and shaped this organization, and, hoping to follow in their footsteps, Scott is working to make the cost of higher learning easier to manage. So that their legacy is always remembered, Mellen Money Management pledges to donate a percentage of company profits to organizations that share our mission of making higher learning more affordable for future generations.

company mission

Taking it a step beyond comprehensive financial planning services, our mission is to help professionals and families avoid getting whacked by the buzzsaw we call the Game of Loans -- student loans and the rising cost of college tuition. Once the root of the problem is solved, goals like buying a house or saving for retirement can be met with a greater sense of confidence, allowing our clients to take control and live a more financially independent life. 


A fee-only fiduciary is held to a higher standard of putting their client's best interests first. What this means is Mellen Money Management does not "sell" a product to generate a commission or hit a monthly quota. In addition, any conflicts of interest must be disclosed. The fee you pay is just that, a transparent way of doing business. In other words, our clients have a trusted advisor they can confidently rely upon to do the right thing. Furthermore, prospective clients can rest assured in knowing they get the opportunity to receive an objective second opinion.


College planning and student loans are just the tip of the iceberg in terms of what we do for our clients. We pride ourselves in our ability to help manage all facets of your financial plan. More specifically, we focus on helping our clients with the following:



tax planning

insurance needs analysis


We take a comprehensive look at your financial path and determine where we can best add value. Our objective is to help you achieve your goals and live a more fulfilling life.

 Our college planning Process

parents with Almost college-bound children

We empower those families to shop for college the right way. We do this by helping them understand not just how much to save, but how they will pay for college down to the last dollar. In other words, our clients save on the cost of college tuition. We do this by helping parents maximize the financial aid packages available to their student, asset shifting strategies, and tax planning. Our job is to ensure a parent's desire to help their kid get the best education possible is managed in a proactive manner. When handled reactively is when a college education becomes an expensive lesson for the parent and the child. 

young professionals with Student Debt

We call this the "rescue me stage." We compare a borrower's current loan structure to every potential alternative to see if we can save money through refinancing, debt forgiveness, consolidation, or a better repayment plan. We also evaluate the cost-benefit tax analysis of married filing separately versus married filing jointly. Furthermore, we help borrowers balance paying down their student debt with the many other competing financial goals that get in the way. Everyday problems like having enough money for a rainy day, minimizing credit card debt, savings for retirement, or being able to buy a house.

Donations to date

Since officially opening for business in December, 2016, we have already donated $200 to the VIN Foundation -- as of May, 2017.  We hope this contribution helps VIN's mutual mission of making an education in Veterinary Medicine a less costly proposition than it is today.