Currently, 49% of college freshmen fail to graduate, and of those who do, the Department of Education just announced that 60% take 6 years or more to complete a 4-year degree. These problems cause students to amass 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 digital Pre-College Action Plan Toolkit available to thousands of families of college-bound students in communities throughout the U.S. Our Partners are now making these tools available to employees, clients, and members to help them 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 families with college-bound students in your community!