Academic Career Planning Conference Cheryl Weiss and David

Academic & Career Planning Conference Cheryl Weiss and David Mancl Wisconsin Department of Financial Institutions August 21 -22, 2017

College affordability initiative College affordability/student debt specialist position created in April 2016 Part of Governor Walker’s efforts to help students Focus on outreach Networking with stakeholder groups Resource for people with student debt

College affordability initiative Current state of student debt $1. 44 trillion student debt in U. S.

College affordability initiative Current state of student debt $1. 44 trillion student debt in U. S. 44. 2 million Americans have student debt

College affordability initiative Current state of student debt $1. 44 trillion student debt in U. S. 44. 2 million Americans have student debt $29, 460 average debt for a Wisconsin college graduate in 2016

College affordability initiative The great debate over student debt

College affordability initiative The great debate over student debt Student loans are an investment in one’s future We want student to seek higher education Higher ed degree = increased earnings potential But how much debt is too much debt? What if all students ‘had a plan’ before going to college?

Academic and Career Planning (ACP) What is ACP? A collaboratively developed, student-driven process where students cultivate their own informed decisions for post-secondary success. Ongoing process to actively engage students to: KNOW-EXPLORE-PLAN-GO

Academic and Career Planning (ACP) The ACP Model is: KNOW-EXPLORE-PLAN-GO Know – Who am I? Explore – What do I want to do? Plan – How do I get there? Go – Do IT!

College affordability initiative Office of Financial Literacy wants to help

College affordability initiative Office of Financial Literacy wants to help Provide information for students and parents Encourage students to plan ahead Promote career planning for students in grades 6 -12 Highlight alternatives to 4 -year degrees Created a Wisconsin-centric website as a resource

Look. Forward. WI. gov Wisconsin’s resource website college affordability · student debt

Wisconsin Facts and Financial Literacy Accomplishments

Questions?

Cheryl Weiss College Affordability / Student Debt Specialist Telephone: (608) 266 -3289 E-mail: Cheryl. Weiss@wisconsin. gov David Mancl Director Office of Financial Literacy Telephone: (608) 261 -9540 E-mail: David. Mancl@wisconsin. gov