Currently, 49% of college freshmen fail to graduate, and of those who do, 50% take 6 years or more to complete a 4-year degree, which amasses more debt than they can typically repay. This exposes those who have co-signed – their parents and grandparents – to unanticipated debt at a time when they should be focused on retirement.
That’s why LFE is on a mission: To make our new Pre-College Action Plan Toolkit available to high schools, students, and their parents at no cost, through our Sponsorship Initiative. Business and civic leaders throughout the U.S. are now helping thousands of families in their communities learn how to save thousands on college, borrow less, avoid costly mistakes, and build a stronger financial future. We hope you’ll join us in changing the financial lives of students and parents in your community!