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Reducing the cost of college

Jeffrey Taylor

Jeffrey Taylor

College planner says 100 percent education funding is accessible

By F. Carlton Peeples
Special to the Michigan Citizen

According to a recent report, 46 percent of America’s college students and 63 percent of African American students don’t graduate college within six years.

As we consider the statistics, there’s nearly a trillion dollars in outstanding student loan debt, only 15 percent of entering college freshman graduate after four years, 40 percent drop out the first year and another 50 percent leave during their second year.

The report entitled “The American Dream 2.0” indicates changing the $226 billion financial aid system may help cull the disproportionate numbers.

Jeffrey Taylor of College Funding Resources, LLC (CFR) knows all too well the importance of these figures. His coaching and certification in college planning taught him admissions, funding and aid processes. The rules are exhaustive, complicated and time sensitive, according to Taylor, and largely are unknown to the general public. They simply aren’t taught.

Taylor’s research led him to develop his Tuition Reduction Planning curriculum to educate both parent and student on how to cut costs for tuition and make higher education make sense. He says a lack of money isn’t the culprit, rather the combination of poor planning, procrastination and outdated ideas.

“Time is the most powerful scholarship. The earlier planning begins the stress and the less a family will pay for college,” he said. “[Parents] are paying for college at its highest point and it’s going to rise from there.”

Taylor suggests the shortlist of planning mistakes starts with parents and students using taxed dollars. Therefore, money is taxed before college is paid for. This, coupled with paying rising profits to lenders takes away the ability to build personal wealth.

By the time the debt is paid, the cost of college has tripled or more. Scholarships  and funds available to parents and students that ease the cost of tuition are being forfeited. Those opportunities are slipping away.

The program, he says, is simple: after a Risk Assessment is completed, if the parent and the student are a fit for the planning process, a planning diagnostic will be provided in the form of planning modules suited to their needs. Each module solves a specific problem in the planning process.

According to Taylor, “The objective of any module will be achieved if it is followed from start to finish by both the parent and the student.”

The CFR’s Web site (  boasts earning 100 percent of college funds regardless of GPA, income or the school a student has selected.

Identifying the “red flags” in his client’s current financial plans that hinder scholarship opportunities, learning to avoid raiding retirement accounts and college savings to pay for education are just a few goals Taylor helps his clients achieve.

“It starts with making sure that, not only do [students] select a school that they want [to attend] but that wants them as well,” he said.

“College planning is a tactical action process where the result received will be based entirely on following the rules of the system. If you follow the rules of a system, the success results are achieved.”

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