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The Past: How We Got Here - Shared screen with speaker view
aguijosa
48:21
Where will the video be posted ?
Ashley
48:54
Ashley - CFT - WFH Plano!!
John Fitzpatrick
48:59
John Fitzpatrick, Educate Texas/CFT
Richard Simonds
49:00
Richard Simonds, University of Houston-Downtown
Cayce
49:01
Cayce Pierce - Austin Community College - Austin, TX
Lydia Riley, UT System
49:02
Lydia Riley, University of Texas System Adminsitration
Eileen
49:03
Eileen Eiden from Austin Community College
Greg Mangum
49:03
Greg Mangum, United Way of Metropolitan Dallas
Annika Little, Asset Funders Network
49:03
Annika Little in Plano
dhidrogo
49:03
Diana Hidrogo, ACC
Malcolm Sullivan
49:04
Good morning everyone! My name is Malcolm Sullivan, I'm joining from Young Invincibles in Austin, TX
Karen Serna
49:06
Karen Serna, Austin Community College, ATX :)
Kevin Byrne
49:06
Kevin Byrne | MSDF | Austin
Amy Desler
49:07
Amy Desler, Educate TExas
Karina Siu
49:08
Karina, Educate Texas, Dallas
Tim Shaw
49:08
Tim Shaw, The Aspen Institute Financial Security Program, Arlington, VA
Trisha K
49:09
Trisha Kahan, Austin Community College, Austin, TX
Dawn Plug
49:09
Dawn Plug, Austin Community College Austin TX
Aubony Alonzo
49:10
Austin Community College
Karen Murrell
49:10
Karen Murrell, Asset Funders Network—Silver Spring MD
DBaylor
49:11
Don Baylor, Jr. The Annie E Casey Foundation, joining from Austin
Dr. Janet Morrison-Lane
49:11
Janet Morrison-Lane, Vickery Meadow Youth Development Foundation, Dallas
Jeff and Susan
49:12
Jeff Webster, Dir of Research, Trellis Company, Austin, TX
Mariella Ozuna
49:12
Mariella Ozuna- SAGE- San Antonio, Texas
Vanessa
49:12
Vanessa Alvarado
Trellis
49:13
Scott Giles, Trellis Company, Austin
Richard Owens
49:14
Richard Owens - Tarrant To & Through - Fort Worth, TX
Barbara LeCesne South Region
49:14
Barbara LeCesne Western Governors University Dallas
Natalie Applegate
49:14
Natalie Applegate, Educate Texas, Dallas
Shareea Woods
49:15
Shareea Woods, Educate Texas/ TxCAN Dallas
Dany Guerrero (she/her)
49:16
Dany Guerrero, Every Texan in Austin, TX
Annette Hernandez
49:16
Annette Hernandez, Success Coach at Austin Community College
Courtney Vasquez
49:16
Courtney Vasquez from Austin Community College in Austin, TX
Latisha Addison
49:16
Latisha Addison - Austin Community College
vanessa.brown
49:17
Vanessa Brown, Strategic Partnership Manager for WGU Texas
Nadine Dechausay
49:17
Nadine Dechausay, CFT, working from Richardson
Gavin Nichols
49:18
Gavin Nichols, San Antonio Area Foundation
Victoria Valdez
49:22
Victoria Valdez, United Way Fort Bend THRIVE & Family Houston
Emily Ryder Perlmeter
49:22
Emily Ryder Perlmeter, Dallas Fed :)
Sandra’s iPhone
49:22
Sandra Diaz ACC
Ewan.Watt
49:24
Ewan Watt, Charles Koch Foundation (Central TX)
Sandy Holt, HACU Chief Development & Marketing Officer
49:25
Sandy.- HACU - SATX
Rio Gonzalez
49:29
Rio Gonzalez, Young Invincibles, CA
Linda Kuhn
49:29
Linda Kuhn - Austin Community College
Chalese Connors
49:30
Chalese Connors, Texas Woman's University, Denton
Cary Rodriguez
49:30
Cary Rodriguez- Austin Community College- Austin, TX
Chuni Lu
49:31
Chuni Lu, International Rescue Committee
Ruby Stevens-Morgan
49:31
Ruby Stevens-Morgan, Texas Higher Ed Coordinating Board, Austin, TX
Jennifer Cook
49:32
Jennifer Cook, San Antonio Area Foundation
Joe Antolin
49:34
Joe Antolin, Asset Funders Network, New Mexico
Velvet
49:34
Velvet Bryant, The Annie E. Casey Foundation (Maryland)
Vane
49:36
Vanessa Perez- Austin Community College- Austin, TX
Clare Torres
49:37
Morning! Clarissa, EdTX, The RGV
Dorothy Vasquez
49:38
Dorothy Vasquez- Breakthrough CTX- Austin tx
Annie Jones
49:38
Annie Jones, THECB, Austin
Robert Perez
49:38
Robert Perez, KIPP Texas Public Schools
Marcille McClure, Financial Coach
49:47
Marcille McClure Financial Coach Center for Transforming Lived Fort Worth
Felicia Jackson
49:54
Felicia Jackson Houston Texas
ASAR ALKEBULAN
49:57
ASAR ALKEBULAN, Uni Tex at Austin
TaShunda Scott
50:00
TaShunda Scott, Tarrant county Workforce Solutions Board
Vanessa
50:04
Vanessa Alvarado - Mexican American Unity Council San Antonio Texas
Sergio Rodriguez
50:06
Sergio Rodriguez - Hector and Gloria Foundation, Austin
John Fitzpatrick
50:14
Can you repeat the question?
Eileen
50:23
Yes
Victoria Valdez
50:29
yes the poll came up.
Jason Vaaler
50:30
Jason Vaaler - Texas A&M University
Eileen
50:30
The poll did pop up
Angela McCorkle
50:36
Angela McCorkle AgriLife Extension College Station
Sarah Jensen
52:38
Hello! Sarah Jensen with the Commit Partnership in Dallas.
Gavin Nichols
01:04:03
What is the difference between a Doctoral Degree and a Professional Degree?
Joe Antolin
01:04:51
Professional degrees often include lawyers
Gavin Nichols
01:05:40
Okay, so we can think of it as a Board certification (law board, CPA, etc.)?
susancook
01:08:02
Is no one going to question WHY higher ed costs so much?
Dawn Plug
01:08:11
Professional degree's also tend to include MD's when talking about data. (In addition to JD, etc.)
susancook
01:08:46
And how both state and the federal gov’t should be SUBSIDIZING a good education for all their citizens?
Sandy Holt, HACU Chief Development & Marketing Officer
01:09:00
Does THECB data include propriety schools? What is the default rate of loans by ethnicity?
susancook
01:10:50
Y’all all need to go visit debtcollective.org and familiarize yourself with the options to going into debt for higher education!
susancook
01:11:06
You should NOT be going into debt, this is a trap.
younginvincibles
01:11:43
Thank you Simon!
vanessa.brown
01:11:57
Thank you for sharing your story, Simon! :)
Rachael Capua - Tarrant To & Through
01:12:10
Great job, Simon -- sincere thanks for sharing.
aguijosa
01:12:13
Thanks, Simon!
Annika Little, Asset Funders Network
01:12:15
thank you Simon!
Simon Marquez
01:12:25
Thanks everyone!
Felicia Jackson
01:12:43
How do assist students so they borrow enough for school (avoid not borrow sufficient amount for school)?
susancook
01:12:47
Yes, the SOLUTION is going back to the time, like when I was a student, when a semester at UT-Austin cost only $100/semester, so almost no one needed to borrow money to go to school.
susancook
01:13:42
debtcollective.org
susancook
01:15:19
Free college for all.
Eileen
01:21:52
I attend webinar with Veronica Herrera from Experian and Kat Delgrosso from College Ave. Their data is saying Texas is number one for not making any loan payments during this period of postpone payments for Federal Loans.
Eileen
01:22:14
Compare to other states...
Cayce
01:24:30
How can we can we make our outreach more equitable.
Julia Barnard (CRL, she/her)
01:24:46
It seems like a vicious cycle where BIPOC students have less wealth and thus need to take more loans and then after college they face discrimination in the labor market and have a harder time in repayment. Racial wealth gap as both a cause and consequence of the student loan burden.
Malcolm Sullivan
01:24:49
I'm concerned that as public colleges and universities get less affordable, more Black and Latinx students are going to enroll at for-profit colleges
DBaylor
01:25:15
Certainly the disparities related to defaults and delinquencies for students of color. What is the responsibility of institutions to lower default rates?
susancook
01:25:28
That only rich people will be able to afford to get an education, or if one does get an education, a student can never afford a house, as their entire credit load is mired in student debt.
Sarah Jensen
01:25:39
Not earth shattering thought - but with cost of attendance likely to rise - and aid programs not likely to match the increase, this will affect our students experiencing poverty more acutely.
kylesouthern
01:25:56
@Malcolm, it’s a good concern. https://www.usnews.com/news/education-news/articles/2020-09-23/for-profit-colleges-look-to-urban-members-of-congress-to-protect-gains-under-trump
Sarah Jensen
01:26:53
Curious who all is advocating for higher ed funding and/or student aid programs for our next legislative session.
paula mcdermott (she/her) ACC
01:26:57
Equity specifically means not equal - how to get more grant money to students/families/communities directly impacted by systemic and structural racial disparities … also related forgiveness of debt
susancook
01:27:37
Our states, and the federal gov’t, are not prioritizing the education of its citizenry, but putting mass profits into the hands of lenders….and debt collection companies.
Latisha Addison
01:27:46
Because there are equity gaps in income we are fighting against the lack of money in latinx and black households. What I mean by this is, latinx and black students are more likely to take on debt in order to support themselves and their families. It can be difficult to reduce the debt when their are deficiencies in income and lifestyle choices. The one thing is to make sure that students that fall in these categories understand the responsibility that they are taking on by incurring such large amounts of debt. But ultimately this may be a game of catch up for these groups of students.
Eileen
01:28:09
@DBaylor I do agree with you. I have work with students in South Texas regarding their default and delinquencies. I had to explain to the loan servicer that not everyone has internet access. The loan servicer has issue with mailing forms to the students.
susancook
01:28:41
Getting an education should not be a question of money, but of knowledge and expertise.
Latisha Addison
01:30:15
@susan true education should not be a question of money, however there are many students that go to college with the idea it is an easy way to get money to support their lifestyles. That is something that is not being talked about as much as it should.
Sarah Jensen
01:30:37
Having served with Dallas County Promise - agree with all you shared, Charles! There is no common definition of Promise though, and we hope to define what Promise programs in Texas means and how they differ from a tuition-guarantee program or traditional scholarships (which also have value).
susancook
01:30:50
Latisha…I agree, but this is part of a quality education: understanding the debt trap.
Latisha Addison
01:31:34
Yes, education for that needs to be there @susan. Unfortunately, for some students the education is not going to change the amount of debt that they take on.
susancook
01:31:40
No young person should have tens of thousands of dollars wagged in their faces. This is too tempting, and a real problem.
Alfreda
01:31:45
Employers are now investigating ways to help students with their debt as a benefit. Competition for talent.
susancook
01:33:01
I wish more young people realized how much things have changed in the past decades around how much of the cost of college used to be subsidized by the state.
susancook
01:33:50
These days, people have been brainwashed into thinking that college has to be expensive, when that did not used to be the case.
DBaylor
01:35:04
As part of the Coronavirus Aid, Relief and Economic Security (CARES) Act, signed into law in March 2020, employer contributions toward employee student loans are now nontaxable for both federal and state purposes for the remainder of 2020.
susancook
01:35:18
We need to go BACK to financially supporting students, where a person without funds can support themselves a a minor part time job.
susancook
01:37:01
Education is a public good, and should be encouraged and paid for by the society as a whole, not by individual students.
Dr. Janet Morrison-Lane
01:37:32
Most scholarships (by the school as well as private) limit the use toward tuition. Though colleges are often offering free tuition, the scholarships students receive often only go toward tuition. The cost of room and board, which can be equal to or more than tuition, can keep students from attending.
susancook
01:38:13
Money should never be the reason a student decides not to get an education.
Sarah Jensen
01:38:40
+1 Janet - this is not something that gets a lot of airtime. College displacement policies can also contribute to this complication.
vanessa.brown
01:38:55
Do you find that a schools internal academic progression policy, to remain eligible for fin aid are contributors towards creating barriers for students to progress through and complete their program?
Eileen
01:39:27
@susancook... Last time Texas was subsidizing more than student was paying tuition was in 2003 (2019 Texas Public Higher Education Almanac).
Eileen
01:39:40
Student tuition
Linda Eguiluz
01:40:01
Also there is a growing movement that is anti-debt without recognizing that some of us could not ever have gone to college without student loans. A student taking 7 years to get a bachelor's degree means lost wages, loss of upward job opportunities, loss of retirement savings.
susancook
01:40:10
@eileen: And do you find this acceptable? I do not.
Julie Morris
01:41:40
#DebtinTexas
Eileen
01:41:46
@susancook, I agree with you. We need to communicating this to our Federal and State representative. This is why voting is important
susancook
01:42:04
@Linda: money should never be a barrier to education, and this perpetuates the stratification of society, where rich kids graduate without debt, whereas poor and middle class kids find themselves in almost permanent debt.
susancook
01:42:20
DebtCollective.org
Linda Eguiluz
01:42:54
@susancook yes! I agree. I have seen students in my career outright quit college because the cost and the notion of being in debt gives them so much anxiety.
susancook
01:43:03
Yes, this is a legislative task, and we need to educate our lawmakers on the need for prioritization of education.
Dr. Janet Morrison-Lane
01:44:39
Students of color (in my experience) are often going to work because their parents have lost jobs. They are either working *and* going to school or working and changing from a 4-yr to a 2-yr to stay home or working *instead* of college. …all of which impacts theirs and their family’s future and our economy.
Latisha Addison
01:44:56
For profit schools also make sure students get through the process....through a literal hand holding process.
Dr. Janet Morrison-Lane
01:45:44
Yes! Thank you for saying that, Denisa!
Linda Eguiluz
01:46:49
Education should not be a business. There.
Kevin Byrne
01:47:01
Has anyone broken out debt levels for competency based programs like SNHU?
Latisha Addison
01:47:24
Public institutions need to also review their admissions policies and make sure they aren't too difficult for first gen, students of color. For profits have an advantage because of the processes to get admitted are much easier and students seem to feel more welcomed.
susancook
01:48:41
Education has become a business, and YOU are the product and the investor. Hmmmm.
Eileen
01:49:17
I feel like we need to do more with Consumer Education at the high school level. I feel we are education students about financial information. when we do it too late.
Dr. Janet Morrison-Lane
01:49:19
For-profits also don’t tell students how much debt they are taking on. They walk them through the process and make them sign on the dotted line without ever telling them what they are doing for them. Students often don’t realize they could get the same degree/certificate at a community college for 75% less.
Latisha Addison
01:49:57
Very true! @Dr. Janet
Linda Eguiluz
01:50:05
@eileen I would challenge you there for the need to reframe financial wellness. Students can get all the information they need in high school and still be saddled with debt. You cannot knowledge yourself out of poverty sometimes.
Julia Barnard (CRL, she/her)
01:51:18
@Latisha, agree. Good resource on this topic from EdTrust is at https://edtrust.org/resource/segregation-forever/. The report uses federal education and U.S. Census data to show that most of these prestigious and best-funded public colleges enroll a smaller percentage of Black students today than they did 20 years ago, and while the numbers of Latino students on these campuses has increased, Latino enrollment is not keeping pace with the Latino population growth in most states.
Latisha Addison
01:52:05
Our approaches have to match the needs of the students. Meaning we also have to understand the students we are working with and that is a problem. Having worked at an HBCU, for profit, 4-year institution and now a 2-year I can say that we aren't understanding our students yet we are trying to get them to understand financial literacy etc. and that is a problem in itself.
Latisha Addison
02:00:20
Will Julie's presentation be shared with everyone?
Eileen
02:01:57
@Linda I do not agree with you. My school has been requiring Face to face Loan Information Workshop. We have see big improvement because of it. A lot of students are thankful for it. A lot of them will go back and reject the loans. They have better understand on how loans work.
Eileen
02:02:56
A lot of them are not aware of this information.
Linda Eguiluz
02:02:59
@eileen I am not saying the knowledge sharing is the issue--I highly praise being taught about financial literacy. BUT the fact that we still live in a system where they, by virtue of their financial situation, they have to deal with these things.
Latisha Addison
02:03:04
@julia that is a great resource. Thank you!
susancook
02:03:37
Money should not even be a factor, not to the individual student.
susancook
02:04:25
DebtCollective.org
Lisa Causey, CMP, CMM
02:05:23
If money should not even be a factor, how to you envision education being funded for the individual student?
Eileen
02:05:33
@Linda I do understand what you are saying.
susancook
02:05:40
Your decision to go to college should not be premised on “going into debt,” but in getting an education
younginvincibles
02:05:58
Very interesting @susan
susancook
02:06:32
@Lisa: By the state, like it was when I first went to college, at UT-Austin, in the 70s. I paid $100/semester.
Latisha Addison
02:06:51
@susan I believe we all feel the same way, however that is not our reality so at this moment I think we are trying to brainstorm and find solutions. Make sure to Vote in November so that maybe some of your and all of our concerns can be addressed.
susancook
02:07:24
This is the way it used to be for all state schools, but in the ensuing decades, the cost of education has shifted to the individual student and her family.
susancook
02:08:01
This is simply a change in how our society works, and has put young people into massive debt for sometimes the rest of their lives.
susancook
02:08:35
It changed before. It can change back. This isn’t magic, it is just budgeting.
Linda Eguiluz
02:08:53
@susan you're the real MVP
Linda Eguiluz
02:09:23
We like to think this is really complicated but it is really not.
Lisa Causey, CMP, CMM
02:09:24
@susan Where is the funding from the state coming from? Where did it come from in the 70's?
Eileen
02:09:34
Thank you Simon.
Rio Gonzalez
02:09:39
Yes, Simon! Thank you for all your great solutions to this huge problem that our generation has inherited!
susancook
02:09:42
Taxes. Like everything else.
Annika Little, Asset Funders Network
02:09:42
Simon - love your perspectives!
Lisa Causey, CMP, CMM
02:09:47
@Simon, you are an inspiration!
younginvincibles
02:09:49
Great work!!!
Dorothy Vasquez
02:09:57
It's budgeting, educating, advocating, unlearning, re-learning, collaborating, supporting...many layers. I'm thankful to expand the network of this type of good work!
Christina L
02:10:01
Thank you for your leadership, @Simon!
vanessa.brown
02:10:05
This discussion has been so informative and high in value. Thank you to all the sponsors and presenters for their time today.
Wende Burton
02:10:06
Thank you for a great discussion!
Dorothy Vasquez
02:10:09
Thanks for using your voice and sharing your story @Simon. I appreciate it.
Latisha Addison
02:10:23
Very well said Simon!
Felicia Jackson
02:10:32
Great session with great information
Dr. Janet Morrison-Lane
02:10:33
This has been fantastic! Thank you! Looking forward to the next two!
Felicia Jackson
02:10:55
Thanks for mentioning student and community voice
susancook
02:10:58
DebtCollective.org
Sarah Jensen
02:11:06
Thank you so much for a great conversation! Very interested in connecting with others looking to advocate for affordability in the next session. Sarah.Jensen@commitpartnership.org
Julie Eklund
02:12:47
Thanks to everyone. To answer the earlier, important, question, my average debt data did not include for-profit schools. I will footnote the slides and make them available.
Chuni Lu
02:13:59
Thank you all for such a great session!
Rio Gonzalez
02:14:29
Thank you all for this amazing session!
Courtney Vasquez
02:14:35
Thank you all!