11th Annual MassSaves Recap

This October, Hildreth Institute teamed up with Inversant and TISLA (The Institute of Student Loan Advisors) to present at the 11th annual MassSaves Summit hosted by Midas Collaborative.

All three organizations presented on the ways they were strategizing to solve and or mitigate the crisis around student debt. Our communication associate Ariana O’Rourke represented Hildreth Institute introducing the current debt dilemma that totals over $1.6 trillion. student debt is not only an economic sustainability issue but a social justice issue as well, leading us to our proposed solution — #ZeroDebt college. Studies have repeatedly shown that adopting a zero-debt financing system has positive effects on both the public and private institutions that have switched to this college financing system.

Rochelly Araniz, Director of Programs from Inversant, introduced the work Inversant is doing with borrowers to be, providing education for students and families so that they can make the best decision for their present and future selves. Inversant works alongside parents to navigate what the actual cost of college is, and more than 60% leave knowing that they must take multiple steps to figure out what a school is going to cost their child to attend. By focusing on preventative measures and mitigating the borrowing before it happens, Inversant can tackle the student debt crisis in an innovative and influential way. Ensuring that families are aware of college savings plans, additional fees that aren’t listed on their financial aid packages, leading families to ultimately make the best financial decision that will bring them toward their educational goals.

Betsy Mayotte President and Founder of TISLA presented on their organizational focus: borrowers seeking to manage their student debt. The repayment terrain is as intimidating as it is elusive. That fact is explicit in the number of borrowers who reach out to TISLA for all types of help in understanding the best route to go about tackling the mountain of debt their higher education has created. During the presentation alone, many had questions about loan forgiveness programs, whether that be how to qualify or what works best for them in long term repayment. Giving borrowers the information they need to succeed allows them to reach their goals actively and not feel burdened by the weight of the debt they had to borrow.

We believe it is crucial to engage with a diverse set of organizations that implement many different methods to help solve the student debt crisis. We cherish well-rounded, well-informed, innovative conversations because we are all working toward the goal of sustainable, affordable, high-quality higher education. Please contact us if you are interested in joining our growing coalition.