Zoom Logo

The Future: Where We Want to Go - Shared screen with speaker view
Amy Desler
47:34
Amy Desler, Educate Texas
Dr. Janet Morrison-Lane
47:38
Janet Morrison-Lane, Vickery Meadow Youth Development Foundation, Dallas
Wende Burton
47:40
Wende Burton, Communities Foundation of Texas
Cayce
47:40
Cayce Pierce - Austin Community College - Austin, TX
Julia Barnard (CRL)
47:40
Hi everyone! I'm Julia Barnard from the Center for Responsible Lending.
Ruiz, Yvette E
47:40
Good morning, everyone!
Gavin Nichols
47:41
Gavin Nichols, San Antonio Area Foundation
Nora Cargo
47:42
Nora Cargo, Texas A&M University
DBaylor
47:42
Don Baylor, Jr. The Annie E. Casey Foundation, from East Austin
Camila Inarra
47:43
Camila Inarra, Vault.co
Tim Shaw
47:43
Tim Shaw, Aspen Institute, Arlington VA
Courtney Vasquez
47:44
Courtney Vasquez, Austin Community College, Austin, TX
ASAR ALKEBULAN
47:45
ASAR ALKEBULAN, UT Austin
Chris Connelly, KERA
47:45
Chris Connelly, KERA
Charles Contero-Puls - THECB
47:48
Chad Contéro-Puls, Texas Higher Education Coordinating Board
dhidrogo
47:48
good morning, Diana Hidrogo, ACC
Karen.Andres@aspeninstitute.org
47:48
Karen Andres, Aspen Institute Financial Security Program
Renato De Los Santos
47:49
Renato de los Santos, Director of the LULAC National Educational Service Center of Dallas
Trellis
47:49
Scott Giles, Trellis Company, Austin
younginvincibles
47:49
Aurora, Young Invincibles, Houston
Lisa Causey, CMP, CMM
47:49
Lisa Causey, Communities Foundation of Texas
Dina
47:50
Dina Aguirre Catholic Charities Fort Worth TX
paula mcdermott (she/her) ACC
47:52
paula mcdermott, Austin Community College, Austin, Tx
amayhew
47:53
Amber Mayhew, Catholic Charities of Fort Worth
Karen Serna
47:54
Austin Community College, ATX
Aubony Alonzo
47:54
Hi! Aubony, w Austin Community College
Trisha K
47:55
Trisha Kahan, Austin Community College
Chalese Connors
47:57
Chalese Connors, Texas Woman's University in Denton
Bonnie
47:57
Bonnie Trevino Austin Community College
Latisha Addison
47:58
Latisha Addison, Austin Community College
Victoria Valdez
47:58
Victoria Valdez, Bilingual Financial Coach from Family Houston. I'm in Houston, TX.
Roselle Tenorio
47:59
Roselle Tenorio, Texas Women's Foundation, Dallas
Rachael Capua - Tarrant To & Through
48:02
Rachael Capua | Fort Worth, TX | Tarrant To & Through Partnership
Linda Eguiluz
48:05
Linda Eguiluz, Austin Community College, Austin, TX
Kennan Cepa
48:06
Kennan, University of Pennsylvania
Beth Byrum
48:10
Beth Byrum, Sharing Life Community Outreach, Mesquite, TX
Linda Kuhn
48:13
Linda Kuhn - Austin Community College
Kristin Rennels
48:14
Kristin Rennels, Asset Funders Network
Ann Baddour
48:15
Ann Baddour, Texas Appleseed, Austin, TX
Nancy Moreno
48:20
Nancy Moreno, Wilkinson Center, Dallas Texas
V. Bryant
48:20
Velvet Bryant, The Annie E. Casey Foundation (Maryland)
Annika Little, Asset Funders Network
48:30
Annika Little, AFN, North Texas
Chris Dowdy
48:32
Chris Dowdy, Paul Quinn College. Also Silas Dowdy, who is in second grade. He's 100% going to make an appearance
Todd Penner
49:19
Todd Penner, Michael & Susan Dell Foundation in Austin
Greg Mangum
52:24
Greg Mangum, United Way of Metropolitan Dallas
Annika Little, Asset Funders Network
01:01:31
would love to hear more about the correlation between student loan debt and birth rate
Karen.Andres@aspeninstitute.org
01:02:52
https://www.csmonitor.com/USA/Society/2013/0130/Behind-the-falling-US-birthrate-too-much-student-debt-to-afford-kids
DBaylor
01:05:17
the funder challenge is to "democratize" the employer student loan benefit to reach lower-income, workers of color. Right now, it is concentrated in upper-income workplaces
Hellie Howard
01:06:35
My company Vault specializes in student loan benefits, both in facilitating employer contributions to loans as well as the 401(k) matching program
Camila Inarra
01:07:08
Vault offers the programs that Raquan mentioned. We see some adoption of repayment programs due to the CARES Act but are hopeful that the tax benefits are extended through 2021 so more employers and their employees can take advantage of the benefits!
Karen Murrell
01:07:23
Feel free to submit questions for the panelists in the chat box
younginvincibles
01:08:52
Young Invincibles will be working on consumer protections for young people along with our Post Secondary Advocates Coalition!
DBaylor
01:10:06
Are income sharing agreements (ISAs) a viable solution, or potentially another predatory product?
Karen.Andres@aspeninstitute.org
01:10:17
One more, Annika, on the connection between falling birth rate and SLD: https://www.theguardian.com/commentisfree/2018/may/21/hat-looks-good-slug-birth-rates-us-falling-reasons-why-family-policies
Billy Lane
01:10:22
It seems like the Federal Government could apply universal basic income to first generation college grads who have substantial loan debt. This would take some of the pressure off of employers and allow graduates to accept positions that are more gratifying rather than simply looking at salary and fringe benefits.
Arminda Lazaro
01:10:35
what about the people already have student loan for years and still making payments
Hellie Howard
01:11:30
I meant to include this link previously-learn more about Vault here http://get.vault.co/
Tim Shaw
01:14:04
Aspen FSP State Solutions to Student Debt Report: https://www.aspeninstitute.org/publications/how-states-can-solve-the-student-debt-crisis-a-framework-for-reducing-student-debt-burdens-for-present-and-future-borrowers/
Greg Mangum
01:15:15
@DBaylor, we are exploring Income Sharing Agreements as part of our Pathways to Work program, as a component of job quality for our industry partnerships. Just getting started on this emerging work, but seems like a viable alternative to explore.
DBaylor
01:17:53
Nice set of resources from the National Conference of State Legislatures on state action on student debt, including a Student Loan Bill Tracker, https://www.ncsl.org/research/education/student-loan-bill-tracking-database.aspx
Anna Crockett
01:18:48
The slides have concluded for now. We recommend using Speaker View for the best visual experience.
Kat Welbeck
01:19:29
For those who would like more information on ISAs, here is link to the Student Borrower Protection Center conference on ISAs: https://www.emergingrisks.org/
Wende Burton
01:19:31
There is an interesting ISA program in Wisconsin that is worth looking at. Still very new, but is worth exploring.
Arminda Lazaro
01:21:30
correct Ivette, what they can do to end the burning to have a loan for years
Ruiz, Yvette E
01:21:51
Gotcha! Thank you for asking the question. Very important
Annika Little, Asset Funders Network
01:24:04
check out: https://protectborrowers.org/texas
Annika Little, Asset Funders Network
01:24:57
more recent research to check out includes https://institute.jpmorganchase.com/institute/research/household-debt/report-student-loan-payments
Eileen
01:25:23
What is everyone dong with the loan Servicer change happening at the end of the year? Are you doing any public announcement about it? I am asking because last time the loan Service change cause a lot of loan borrower to fall into default.
Annika Little, Asset Funders Network
01:25:24
and state based solutions...https://www.aspeninstitute.org/publications/how-states-can-solve-the-student-debt-crisis-a-framework-for-reducing-student-debt-burdens-for-present-and-future-borrowers/
Beth Byrum
01:27:01
Thank you for the valuable information and awareness of future possibilities.
Velvet
01:27:03
Are there efforts in progress to help make the reverification process more efficient and streamlined to help borrowers not be inadvertently dropped from their IDR program? Also note that IDR programs do not always reduce overall debt balance, even when making payments on time.
Eileen
01:31:35
@Velvet - FSA just released their five year strategic plan. FSA said they are going to work on this issue in this plan.
Eileen
01:31:37
https://studentaid.gov/sites/default/files/fy2024-strategic-plan-draft.pdf
Velvet
01:32:34
Thanks for sharing, Eileen.
Eileen
01:32:49
FSA Five-Year strategic plan is still open for public comments until Oct 23.
Ruiz, Yvette E
01:34:08
Thank you for that information, Eileen!
Karen Murrell
01:39:50
I’d like to hear more about how Paul Quinn College changed their tuition model.
Eileen
01:42:10
I agree with you Russell.
Ruiz, Yvette E
01:43:36
Wow. That hits home. $88 away from dropping out.
Kristin Boyer
01:44:06
Trellis Student Financial Wellness info: https://www.trelliscompany.org/student-finance-survey/
Eileen
01:44:59
Write off $500 off student's account is cheaper than collecting it.
Ruiz, Yvette E
01:48:34
We (JPMorgan Chase) LOVE Paul Quinn College!
Karen Murrell
01:51:53
Feel free to submit questions for the panelists in the chat box
Shareea Woods
01:52:31
What could be done at the state level to make your work easier?
paula mcdermott (she/her) ACC
01:54:45
How can peer student networks and initiatives be utilized to help with these issues (accessing resources, meaningful employment, managing $/essential life needs, etc)?
Roy C Lopez
01:55:11
Children saving accounts (matched savings) are promising but tough to scale. You use the time value of money over time to scale. Why have not seen the buy in like you do with scholarships... How can we change the thinking?
Annika Little, Asset Funders Network
01:55:18
are there other studies or research on the ROI for emergency financial support for students and debt cancellation?
Eileen
01:55:22
@Shareea - State can update how they measure graduation rates
Shareea Woods
01:56:16
@Eileen, in what ways?
Eileen
02:00:55
@Shareea - If I got this right... Currently graduation rates only look at first time student, at any school, and Full-time. My school is community college. Major of our students are Quarter time and will transfer to another school. Why can we show these students in the graduation rates? These are working students. But they are not included in this rate.
Ruiz, Yvette E
02:01:46
The JPMorgam Chase Institute just launched an updated report to Student Loan Debt.
Ruiz, Yvette E
02:01:48
Link: https://institute.jpmorganchase.com/institute/research/household-debt/student-loan-debt
Chris Shannon
02:05:13
Great question Roy!
Dr. Janet Morrison-Lane
02:05:45
Thank you for being blunt about that!
DBaylor
02:05:50
talk about mental models re: scholarships v. family college savings.
Linda Eguiluz
02:06:06
yesssss
Charles Contero-Puls - THECB
02:06:41
@Shareea @Eilleen You raise a good point about graduation rates. The Texas Public Higher Education Almanac addresses this in some ways, since it includes graduation rates for students who started part-time, as well as full-time. It also includes a transfer measure. http://reportcenter.highered.texas.gov/agency-publication/almanac/2020-texas-public-higher-education-almanac/
Wende Burton
02:08:30
Great conversation!
paula mcdermott (she/her) ACC
02:08:38
Thank you
Amy Desler
02:09:04
Really great session, thank you everyone!
Kristin Rennels
02:09:40
Great session. Thank you everyone!
DBaylor
02:10:21
Second that, FRB Dallas has rocked for a long time!
Nadine Dechausay
02:10:59
On the excellent point about building social capital to move the needle on economic mobility, I want to point to the CUNY's innovative Ethnographies of Work curriculum that is a full partnership between academic and career services sides of institution: https://www.jff.org/points-of-view/guttman-community-college-puts-careers-curriculum/
amayhew
02:11:37
Thank you all! Wonderful session, very insightful!
Russell Lowery-Hart
02:11:40
@Nadine this is an EXCELLENT resource. Thanks for sharing it and advocating for it.
Beth Byrum
02:14:22
Thank you all so much!
Dina
02:14:44
Thank You!