Minnesota Jump$tart hosted approximately 75 members of the community at the Minneapolis Federal Reserve Bank on Friday to discuss rising higher education costs. The U.S. has a long tradition of achievement through higher education. The story of a person improving his or her financial prospects and job satisfaction through education is well-known. Over the last few decades, however, paying for post-secondary education has become more expensive resulting in students and their families becoming more reliant on student loans. While loans provide an avenue to achieving educational goals, many students and families are taking one eat without fully understanding the financial reality of repayment. Highlights of the conference included:
– Opening comments from the Minneapolis Federal Reserve’s Dr. Duane Carter and the Minnesota Department of Commerce Commissioner, Mike Rothman.
– Keynote panel discussion centered on answering the question, “What does the student loan crisis really mean?”. The panelists included Pam Engebretson, Director of Financial Aid at Century College, Dan Nelson, Chief Institutional Data & Research Officer at Bethel University, Joyce Serido, Associate Professor at the University of Minnesota and Marcio Thompson, Outreach Coordinator at the Minnesota Office of Higher Education.
– Breakout session that included a panel discussion and audience questions on “Solutions to Paying for Higher Education”. The panel was moderated by Michael Grover, Assistant Vice President of Community Development at the Minneapolis Federal Reserve. Panel participants included Pam Engebretson, Century College, Quentin Kuta, Student Intern at the Minneapolis Federal Reserve and Dawn Cassidy, National Council on Family Relations.
– Breakout session hosted by Minnesota Jump$tart’s Kelsi Rahm that focused on the importance of investing early for higher education.
The afternoon concluded with hors’ devours (the Apple Brie poppers were to die for!) and a Resource Fair with representatives from several community based resources including, BestPrep, Junior Achievement, Banzai, the Federal Reserve and NextGen Personal Finance amongst others.
Thank you to all who attended the event and those who helped put on this year’s event! We look forward to seeing everyone at the 2018 Annual Event!