Today, Governor Dayton participated in a round table discussion on college affordability sponsored by the University of Minnesota. The Governor, along with President Eric Kaler, Senator Al Franken, and Commissioner of Higher Education Larry Pogemiller met with college students from across Minnesota to discuss the impacts of higher education costs. Discussion focused on the challenges of paying for college and concern about rising student debt.
As part of the month-long focus on financial literacy during April, the week of April 9-14 has been designated as “Higher Education Financial Literacy Week.” Today’s round table was the first in a series of events that will be held this week to address the key issue of education costs. Particularly in these challenging economic times, it is essential that all Minnesotans, particularly young people, have the skills they need to manage their finances.
For most young people, a college education is the biggest and most important investment of their lives. Financial literacy will ensure that this investment is one that benefits the student rather than saddles him or her with crushing debt. Financial literacy will also encourage students and their families to consider college expenses alongside their broader financial objectives when choosing a college or university.
Check out the Office of Higher Education’s website for more information about lowering the cost of a college education.