BMM-FAQs – LFE Institute, LLC

FAQs Frequently Asked Questions

The following are questions we often receive about LFE’s College Video Library & the new Resource Guides for students & parents. Click on the white box below the question to view the answer.

What makes these College Planning tools unique?

The focus of existing College Planning tools is College: Which one to pick, how to obtain the best price, and how to maximize Financial Aid.
While the College Video Library & Resource Guides connects users to many of the same helpful tools, our primary objectives are to prevent costly mistakes, provide essential questions thousands never ask, give families access to money-saving resources, highlight alternatives to consider, identify ‘hidden’ strategies 91% of colleges don’t want them to know, and how to be better prepared for today’s new job market. This is critical information EVERY parent and student needs to know before committing to a specific school … or spending a dime on college.

Who will benefit from the Library & Resource Guides?

Why is this information so important today?

We only have to look at the latest statistics today to learn how the current ‘College Planning’ sites fail to prevent the costly mistakes listed below. The Videos & Resource Guides are the ONLY College Planning tools designed to prevent these problems … and so many more.
91% of colleges mislead students about actual Financial Aid amounts, as well as costs & fees – U.S. GAO
79% of Black and 68% of Hispanic students fail to graduate in 4 years – Fidelity Study
75% of parents are worried about paying for college – Discover Study
Without knowing the traps to avoid, the STEM drop-out rates are as high as 50% – Numerous 2022 Studies (Harvard, USC, White House Report, etc.)
More than 50% of grads from 33% of colleges earn LESS than high school graduates – Georgetown University Study
69% of current students are concerned their loan payments will be higher than anticipated & 53% worry they won’t be able to make their payments – College Ave Survey
82% of women, 80% of Black & 78% of Hispanic families say college is no longer affordable – Morning Consult Survey
8,400 Bachelor degrees have a negative ROI – 2022 Foundation for Research on Equal Opportunity
The ‘College Disconnect’: 53% of college Grads feel unqualified for a job in their field – Harvard Business Review
College was supposed to close the wealth gap for Black Americans: The opposite happened! – The Wall Street Journal
The number of student loan borrowers over age 50 have increased by 512% in the past 14 years – The New Yorker
Those 60 & older are the fastest growing age group for student loan debt – Department of Education
72% of parents state final PLUS loan balance was higher than expected ($103 Billion) – Fidelity Study
1.7 Million high school Grads missed out on $3.7 Billion in free money last year – National College Attainment Network
Students are training for jobs that no longer exist – NBC News
60% of students take 6 years or more to complete a 4-year degree – Department of Education
64% of students run out of money every semester – Edvisors
32% of college Grads move back to home because they can’t afford to live on their own – Pew Foundation Study
Students without a College Plan spend up to 3.5 times more for college – Sallie Mae

When is the best time to view the Videos & complete the Guides?

What are benefits for Parents?

These timely tools will help you learn how to avoid the latest traps, discuss financial expectations with students, take the ‘emotions’ out of the College Planning process, minimize future debt obligations, and protect their retirement security.
You’ll also learn essential ‘What If’ scenarios too many parents fail to consider prior to making life-changing college decisions.

How long are the Videos & why do we need the Guides?

Do these tools include one-on-one help or coaching?

No. LFE’s College Planning tools are your first (or possibly your last) step in your College Planning journey. As an unbiased educational firm, the LFE Institute, our role is to provide the ‘missing’ information today to help students and parents avoid costly mistakes. We do not provide one-on-one coaching, but can refer you to highly-qualified, experienced Advisors or College Planners for further help and support.