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CHICAGO, IL, September 10, 2021 /24-7PressRelease/ -- Escalating college costs leave many families unaware of how expensive higher education really is. Unanticipated expenses and lack of planning has led to massive college drop-out rates, students taking up to 6 years to graduate, and 53% of new grads being unemployed or underemployed. Many envisioned college as a path to a brighter future, but the reality is often just the opposite, including massive debt often nearly impossible to repay.
Best Money Moves' award-winning Financial Wellness platform has seen first-hand how the lack of college planning negatively impacts productivity, and leads to employee stress, massive debt levels, and depleted retirement savings. College is one of the most expensive decisions many employees will ever make, yet a digital turn-key Plan has been the missing component in Benefit Programs … until now.
"Planning for college is a confusing, expensive process and mistakes are costly," said Ilyce Glink, founder and CEO of Best Money Moves. "As part of our ongoing dedication to employee Financial Wellness, we're delighted to partner with the LFE Institute. They bring an unbiased educational approach to the college planning process to ensure that employees have the essential information needed to make the most of every dollar invested in college."
"With parents and grandparents of 16 million high school Juniors struggling to make informed college decisions every year, we saw a massive need to provide education on strategies that simply weren't available through current college planning channels," states Alice Whinnery, CEO and founder of the LFE Institute.
"Access to general college information and data is plentiful," says Whinnery, "but this information has failed to prevent today's problems, especially with the substantial impact COVID has had on the college planning process. That's why we created the CAP System, the first turn-key educational System specifically designed to prevent the college-related challenges millions of employees face today."
Adding LFE's innovative new College Planning System to its best-in-class fintech and e-learning tools demonstrates Best Money Moves' continued focus on helping employers provide results-oriented solutions. "Reducing employee stress for those involved in making life-changing college decisions is just one more way we're committed to creating a financially healthy workforce," states Glink.
About Best Money Moves
An award-winning, mobile-first financial wellness technology platform, Best Money Moves helps employees measure their level of financial stress and dial it down using a unique content-mapping system, powered by machine learning. Best Money Moves measures stress in 15 categories, and incorporates live money coaching as well as an extraordinary level of company-level customization, so that employers can dig into unique insights, and understand more about how their employees financial stress impacts everything from retention, turnover, and workplace accidents, to unexplained absences, healthcare costs and outcomes and other issues. Best Money Moves was top in the 2017 Next Great HR Tech Company competition, was named a Top 20 Financial Wellness provider by MyShortlister, a top 50 Startup to Watch by Builtin Chicago, and a finalist in the 2019 Health Value Awards. For more information, visit BestMoneyMoves.com or contact our CEO, Ilyce Glink, on LinkedIn.
About LFE Institute
The LFE Institute was a pioneer in providing unbiased financial literacy and money coaching to employers, banks, pension providers, financial services firms, and the U.S. Department of Defense over the past 25 years. Alice Whinnery, LFE's founder and CEO, is a former CPA with PwC, the author of four books, publisher of the weekly Money Minute! for more than 9 years, and creator of CWMC, a comprehensive Workplace Money Coaching Certification program for counselors and financial professionals. Recognizing the negative impact college had on families, LFE transitioned from broad-based Financial Literacy education to assemble a national team of academic and financial experts to develop the first scalable College Planning Educational System: The CAP System. After nearly a year of successful field testing this best-in-class digital 5-Step System, CAP was launched in the spring of 2021, with the goal of helping millions of families avoid costly college mistakes through Financial Wellness Providers, FinTech firms, financial institutions, advisory firms, and CPAs. For more information, visit the LFEInstitute.com or contact Alice Whinnery at [email protected]
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