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Costly college mistakes can jeopardize the financial security families for decades!
TRENTON, NJ, October 27, 2021 /24-7PressRelease/ -- College is an exciting time for both students and parents, but it is also one of the biggest financial decisions they will ever make. Navigating today's complex college landscape leaves many families vulnerable to misinformation, misdirection, and false narratives.
That's why Norman Chevlin, an advisor committed to educating families on key financial decisions, is sponsoring this timely College Traps Webinar by the LFE Institute, an unbiased Financial Wellness firm for nearly 3 decades.
"College planning in today's volatile post-COVID era is an overwhelming process, and costly mistakes can jeopardize the financial security college-bound families for decades," states Chevlin. "At Creative Financial Group, we pride ourselves in taking a holistic approach during key events of our clients' financial lives."
Blindly borrowing to help pay for college, parent PLUS loans accounted for 25% of federal loans last year, with $336 billion owed by those 50 and older. Unprepared for the dramatic rise in college costs, a recent Fidelity Study found nearly two-thirds of students and parents report sticker shock over loan balances after graduation.
"These and so many other recent college trends are dramatically affecting the retirement goals of families across the country, but fortunately, many costly mistakes can be avoided," reports Chevlin. "This unbiased educational Webinar will help families throughout New Jersey, New York & Pennsylvania avoid them."
"Our new College Traps Webinar is the most popular class we have taught in nearly 30 years since it highlights the latest college pitfalls families just aren't hearing anywhere else," states Alice Whinnery, CEO of the LFE Institute.
The LFE Institute identified numerous classes that focus on college: selecting and getting into the right school for the best price. This myopic approach to 'college planning' has led to 40% drop-out rates, grads taking 6 years or more to complete their education, students unprepared for today's job market, and depleted savings or excessive debt upon graduation.
"No one is helping families learn the latest traps, insider secrets many colleges don't want them to know, key questions millions fail to ask, and alternatives to consider when college isn't the best fit," says Whinnery. "The old adage – Knowledge is Power – has never been more applicable than when it's applied to the college planning process."
NORMAN S. CHEVLIN, CFP®️ at Creative Financial Group is giving families this power by hosting the '10 College Traps to Avoid' Webinar on November 3rd at 7:00 EST. Go here to register.
About Norman Chevlin
Norman Chevlin is a CFP®️ with Creative Financial Group. For more information, visit this Website, call 732.751.3003, or view this video.
About the LFE Institute:
The LFE Institute has provided broad-based unbiased Financial Wellness education for nearly three decades. It now focuses exclusively in the specialized field of College Planning education with its digital tools and Webinars. The firm's mission is to help millions of families master skills to avoid costly college mistakes, identify insider secrets colleges aren't telling them, answer essential questions millions fail to ask, and learn the latest trends and traps every college-bound family needs to know. For more information, go to the LFE Institute Website, call 850.781.9131, or contact LFE via email at [email protected].
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