Address your financial concerns as a student at this economic forum on September 8.
College students concerned about the threat of recession, job loss and rising spending caused by inflation will have the chance to hear an expert perspective on the economy this week at COD. Researching these financial topics online through articles and presidential releases can be time-consuming for busy students.
The college hosts an economic forum with an expert speaker, Charles Evans, who is the president and CEO of the Federal Reserve Bank of Chicago. Members of the public will have the exclusive opportunity to ask their own questions in a Q&A.
Evans has served in the role since 2007. He directs Federal Reserve research on US economic activity and financial institutions. He is also a member of the Federal Open Market Committee, which is an organization that analyzes the current economic situation in the Chicagoland area. Their research data is available to people through the Federal Reserve Bank of Chicago website. There are annual reports and interactive charts showing regional economic conditions.
President Joe Biden’s new student loan forgiveness program has drawn attention to financial situations. This is a potential topic for the forum as people have lingering questions about student eligibility requirements and more permanent debt solutions. The possible consequence of debt cancellation that increases inflation is also a key aspect of why many Republicans oppose student loan cancellation.
According to this White House Fact Sheet On the student loan relief program, it is planned to forgive up to $20,000 for borrowers who earn less than $125,000 a year and who have federal loans with the Department of Education. If borrowers in the same income bracket did not receive a Pell Grant, they are still eligible for $10,000 loan forgiveness. Be aware of all sources of your financial aid and tuition payments by viewing your myAccess account. Write a review about DuPage College student financial aid information. These will help you understand whether or not you qualify for loan forgiveness.
Another pressing topic in the economic sphere are job prospects. According to regional economic data from the FRCB, in July 2022, the national unemployment rate was 3.5%. It was even higher in the Chicago-Naperville-Elgin metropolitan statistical area, at 4.4%. Students may be curious about job prospects in the Chicagoland area for their own specific fields of study
If you can’t make it to this week’s forum, you can still access print versions of speeches, economic journals and other research publications on the Federal Reserve’s website. There are also resources for students and job opportunities for economics and business majors. register here for the Economic Forum, which will take place at 11 a.m. on September 8 in the SRC 2000 room.