Amy Desler, Educate Texas

Janet Morrison-Lane, Vickery Meadow Youth Development Foundation, Dallas

Wende Burton, Communities Foundation of Texas

Cayce Pierce - Austin Community College - Austin, TX

Hi everyone! I'm Julia Barnard from the Center for Responsible Lending.

Good morning, everyone!

Gavin Nichols, San Antonio Area Foundation

Nora Cargo, Texas A&M University

Don Baylor, Jr. The Annie E. Casey Foundation, from East Austin

Camila Inarra, Vault.co

Tim Shaw, Aspen Institute, Arlington VA

Courtney Vasquez, Austin Community College, Austin, TX

ASAR ALKEBULAN, UT Austin

Chris Connelly, KERA

Chad Contéro-Puls, Texas Higher Education Coordinating Board

good morning, Diana Hidrogo, ACC

Karen Andres, Aspen Institute Financial Security Program

Renato de los Santos, Director of the LULAC National Educational Service Center of Dallas

Scott Giles, Trellis Company, Austin

Aurora, Young Invincibles, Houston

Lisa Causey, Communities Foundation of Texas

Dina Aguirre Catholic Charities Fort Worth TX

paula mcdermott, Austin Community College, Austin, Tx

Amber Mayhew, Catholic Charities of Fort Worth

Austin Community College, ATX

Hi! Aubony, w Austin Community College

Trisha Kahan, Austin Community College

Chalese Connors, Texas Woman's University in Denton

Bonnie Trevino Austin Community College

Latisha Addison, Austin Community College

Victoria Valdez, Bilingual Financial Coach from Family Houston. I'm in Houston, TX.

Roselle Tenorio, Texas Women's Foundation, Dallas

Rachael Capua | Fort Worth, TX | Tarrant To & Through Partnership

Linda Eguiluz, Austin Community College, Austin, TX

Kennan, University of Pennsylvania

Beth Byrum, Sharing Life Community Outreach, Mesquite, TX

Linda Kuhn - Austin Community College

Kristin Rennels, Asset Funders Network

Ann Baddour, Texas Appleseed, Austin, TX

Nancy Moreno, Wilkinson Center, Dallas Texas

Velvet Bryant, The Annie E. Casey Foundation (Maryland)

Annika Little, AFN, North Texas

Chris Dowdy, Paul Quinn College. Also Silas Dowdy, who is in second grade. He's 100% going to make an appearance

Todd Penner, Michael & Susan Dell Foundation in Austin

Greg Mangum, United Way of Metropolitan Dallas

would love to hear more about the correlation between student loan debt and birth rate

https://www.csmonitor.com/USA/Society/2013/0130/Behind-the-falling-US-birthrate-too-much-student-debt-to-afford-kids

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

My company Vault specializes in student loan benefits, both in facilitating employer contributions to loans as well as the 401(k) matching program

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!

Feel free to submit questions for the panelists in the chat box

Young Invincibles will be working on consumer protections for young people along with our Post Secondary Advocates Coalition!

Are income sharing agreements (ISAs) a viable solution, or potentially another predatory product?

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

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.

what about the people already have student loan for years and still making payments

I meant to include this link previously-learn more about Vault here http://get.vault.co/

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/

@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.

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

The slides have concluded for now. We recommend using Speaker View for the best visual experience.

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/

There is an interesting ISA program in Wisconsin that is worth looking at. Still very new, but is worth exploring.

correct Ivette, what they can do to end the burning to have a loan for years

Gotcha! Thank you for asking the question. Very important

check out: https://protectborrowers.org/texas

more recent research to check out includes https://institute.jpmorganchase.com/institute/research/household-debt/report-student-loan-payments

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.

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/

Thank you for the valuable information and awareness of future possibilities.

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.

@Velvet - FSA just released their five year strategic plan. FSA said they are going to work on this issue in this plan.

https://studentaid.gov/sites/default/files/fy2024-strategic-plan-draft.pdf

Thanks for sharing, Eileen.

FSA Five-Year strategic plan is still open for public comments until Oct 23.

Thank you for that information, Eileen!

I’d like to hear more about how Paul Quinn College changed their tuition model.

I agree with you Russell.

Wow. That hits home. $88 away from dropping out.

Trellis Student Financial Wellness info: https://www.trelliscompany.org/student-finance-survey/

Write off $500 off student's account is cheaper than collecting it.

We (JPMorgan Chase) LOVE Paul Quinn College!

Feel free to submit questions for the panelists in the chat box

What could be done at the state level to make your work easier?

How can peer student networks and initiatives be utilized to help with these issues (accessing resources, meaningful employment, managing $/essential life needs, etc)?

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?

are there other studies or research on the ROI for emergency financial support for students and debt cancellation?

@Shareea - State can update how they measure graduation rates

@Eileen, in what ways?

@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.

The JPMorgam Chase Institute just launched an updated report to Student Loan Debt.

Link: https://institute.jpmorganchase.com/institute/research/household-debt/student-loan-debt

Great question Roy!

Thank you for being blunt about that!

talk about mental models re: scholarships v. family college savings.

yesssss

@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/

Great conversation!

Thank you

Really great session, thank you everyone!

Great session. Thank you everyone!

Second that, FRB Dallas has rocked for a long time!

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/

Thank you all! Wonderful session, very insightful!

@Nadine this is an EXCELLENT resource. Thanks for sharing it and advocating for it.

Thank you all so much!

Thank You!