The Jump$tart Coalition for Financial Literacy held their annual conference on Friday April 28, 2017 at the Minneapolis Federal Reserve Bank. This year’s topic was: Solving the Puzzle of Paying for Higher Education: Successfully Financing Life after High School
The Minnesota Jump$tart Coalition brings together educators, banking and credit unions, the MN Department of Commerce along with FPA of MN to help promote financial education in Minnesota. This year’s event was attended by approximately 75 members of the community to discuss rising higher education costs. The U.S. has a history of achievement through higher education and statistics of improved financial outcomes and job satisfaction through education is well-known. Paying for post-secondary education has become increasingly more expensive which in turn results in students and families relying more on student loans. Unfortunately, many students and families take on loans without fully understanding the financial impact of repayment.
Highlights of the conference included:
- Keynote panel discussion centered on answering the question, “What does the student loan crisis really mean?” 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 on “Solutions to Paying for Higher Education” moderated by Michael Grover, Assistant VP 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.
The afternoon included a Resource Fair with representatives from several community based resources including, BestPrep, Junior Achievement, Banzai, the Federal Reserve and NextGen Personal Finance amongst others.