NOVEMBER 18, 2013
Resources for Managing Student Loans
Paul Combe, American Student Assistance (7:02)
Interview with Paul Combe (12:58)
Vicki Jacobson, Center for Excellence in Financial Counseling (5:46)
Marilyn Landrum, Missouri Department of Higher Education (3:58)
Resources for Economics and Personal Finance
Mary C. Suiter, Federal Reserve Bank of St. Louis (3:10)
What We Know About Student Loans in the Eighth District and Nationwide
MODERATOR: William R. Emmons, Federal Reserve Bank of St. Louis (4:14)
Bryan J. Noeth, Federal Reserve Bank of St. Louis (13:53)
Kelly D. Edmiston, Federal Reserve Bank of Kansas City (9:17)
Caroline Ratcliffe, Urban Institute (14:22)
Research Panel Discussion (35:46)
The Future of Student Loans and Financing Higher Education
MODERATOR: Ray Boshara, Federal Reserve Bank of St. Louis (7:32)
Sandy Baum, Urban Institute and George Washington University (11:06)
Interview with Sandy Baum (7:23)
William Elliott III, University of Kansas (13:12)
Jen Mishory, Young Invincibles (8:37)
Interview with Jen Mishory (8:01)
Gary A. Ransdell, Western Kentucky University (11:35)
Roundtable Discussion (40:21)
Below is a full transcript of this video presentation. It has not been edited or reviewed for accuracy or readability.
Mary C. Suiter: Again my name is Mary Suiter and I'm well aware that I'm what's standing between you and your dessert break so I want to just let you know about the resources we have. I'm responsible for economic and financial education outreach here at the Federal Reserve Bank of St. Louis and I wanted to let you know what we have available. Our website is Econ Lowdown. The website address is at the bottom there so if you go to the Feds website and click on Education Resources you'll come to our material.
And we have a number of items for personal finance education, the first of which is brand new; we just rolled out this fall. And that's our Personal Finance 101 Conversations. We have an infographic that goes with these but these are three short videos. One is a step-by-step video on how to fill out the online FAFSA form.
College Choice 101 is a look at return on investment. So we use some examples of possible majors and financing options and help students begin to recognize whether they would be able or not able to repay loans based on the options.
We also a have a Financing College 101, which the graphic for that is a tree and we branch out to investigate grants, scholarships, and work study so that students get a feel for all the vocabulary associated with all of those different possibilities in funding college.
We have something we call Chats, which are episodes. They are simulated IM chats between a student and a trusted advisor. It could be an aunt, a cousin, a banker, a parent, talking about a variety of topics which you'll see there.
We have something called Forms Explained and these are mouse-over forms that give students information about how to read and understand that particular form. So we have a credit card disclaimer statement, a credit report, an actual credit card statement, and a W-4 form.
We have online courses and I have some listed there. Among that set there are about 16 courses altogether. But we have another one that I failed to list there and that's Credit Cred, and Credit Cred is a deep dive into credit reports and credit scoring, how to build credit, and how to correct problems with your credit.
And then we have some videos: No Frills Money Skills. These are another series of videos where we look at compound interest and growing your money, Roth versus regular 401Ks, understanding stocks, and understanding bonds.
I will be at a table out here. I would love to talk to any of you about the materials we have. So thank you.