Filene Fill-in Episode #12
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Ep. 12: A New Approach to Student Loan Debt (Debt Dragons)
Filene'rs Marnie and Andrew introduce us to the Debt Dragons and the real issues they are attempting to slay for us out there in the world.
- Debt Dragon Program: We discuss an i3 project called Debt Dragon aimed at addressing the significant issue of student loan debt, involving a diverse team of professionals from credit unions and other industries.
- Objective: The team's goal is to create an educational tool, Debt Dragon, to simplify financial decision-making for students, particularly in managing college expenses and loans.
- Credit Union Involvement: The team is seeking participation from credit unions, a crucial step to test and implement the Debt Dragon solution, emphasizing the need for their engagement and collaboration.
- Advice for College Entrants: Tips shared include seeking scholarships, considering alternative education paths, and having a realistic approach to college choices to mitigate student loan debt.
- Next Steps: The team aims to progress the Debt Dragon program by developing a prototype, seeking credit union involvement for testing, and encouraging others to get engaged in the initiative.