WEBVTT

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THANK YOU FOR

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BEING ON INSIDE INDIANA
BUSINESS.
>> THANK YOU FOR HAVING ME.
>> THANK YOU FOR HAVING ME.

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>>
GERRY, BACK TO YOU.
>> ACCORDING TO A NEW SURVEY,
NEARLY NINE OUT OF EVERY TEN

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HOOSIERS VALUE EDUCATION BEYOND
HIGH SCHOOL. BUT COST IS ONE OF
THE BIGGEST BARRIERS TO HIGHER
EDUCATION, AND HOOSIERS SAY THEY

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WANT HELP.
IN OUR (I) ON EDUCATION,
INVESTED INDIANA VICE PRESIDENT
OF MARKETING BILL WOZNIAK, IS

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HERE TO BREAK DOWN THE NUMBERS
OF THE NEW SURVEY. BILL, AS
ALWAYS, WELCOME TO THE PROGRAM
THESE WERE RELEASED A WEEK OR

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SO, AND WHAT THEY SAID ABOUT
HOOSIERS AND MINDSET.
>> THE INTEREST IN EDUCATION,
EVEN WITH STUDENT LOAN DEBT

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MAKING A LOT OF HEADLINES, THE
INTEREST IN EDUCATION NOT
DAMPENING PEOPLE SEE THE VALUE
IN EDUCATION, AND THE IMPORTANCE

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OF IT. AT THE SAME TIME THEY'RE
CONCERNED ABOUT THE LEVELS OF
STUDENT LOAN DEBT, AND THEY WANT
HELP SO THAT THEIR KIDS AND

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FUTURE GROUPS ARE NOT GOING TO
BE IN A BAD POSITION.
>> STILL VALUING HIGHER
EDUCATION TO BE SURE. BUT ALSO

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VERY CONCERNED ABOUT DEBT AND
THE IMPACT ON THE ECONOMY.
>> ABSOLUTELY. FAMILIES ARE
NOTING HOW IMPORTANT IT IS FOR

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COMPANIES, EMPLOYERS, TO BE
CONCERNED ABOUT THIS, AND OFFER
FREE RESOURCES SO THAT THE
FAMILIES CAN GET THAT TYPE OF

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HELP. BUT, YES, THE VALUE OF
EDUCATION IS SEEN AND ALSO HOW
DO WE AVOID EXCESSIVE STUDENT
LOAN DEBT.

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>> ONE OF 22 NON-PROFIT, YOU
KNOW, STATE-BASED FINANCIAL AID
LITERACY PROGRAMS, TALK ABOUT
WHAT YOU ALL DO.

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>> SO WE TRY TO HELP ANY HOOSIER
WITH ANY QUESTION ABOUT FUNDING
COLLEGE. AND OVER WE'RE NOW JUST
AT ABOUT 40 YEARS, OVER THE

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YEARS OUR ROLES HAVE CHANGED
SLIGHTLY AS THE WORLD HAS
EVOLVED. BUT IT'S TO HELP
HOOSIERS PLAN, PAY FOR COLLEGE

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WITH THE LEAST STUDENT LOAN DEBT
POSSIBLE, AND NOW HELP WITH
WORKFORCE DEVELOPMENT ISSUES
WHERE FAMILIES, STUDENTS WANT

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CERTIFICATES IN DIFFERENT TYPE
OF TRAINING, SO IT'S AN EXCITING
TIME.
>> I THINK ONE OF THE OTHER

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THINGS THAT CAME OUT OF THE
SURVEY, IS THE FACT THAT THOSE
WHO WERE SURVEYED FEEL AS THOUGH
INDIANA IS BETTER POSITIONED

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MAYBE COMPANIES, COMMUNITIES,
BETTER POSITIONED WHEN THOSE
RESOURCES ARE AVAILABLE.
>> AS FAR AS A BENEFIT, AND HOW

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OVER THE YEARS WE'VE TALKED
ABOUT DIFFERENT BENEFITS THAT
EMPLOYEES AND FAMILIES WANT, THE
REAL IMPORTANT THING THESE DAYS

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IS HOW TO HELP PEOPLE GET
RETRAINING, ADDITIONAL TRAINING,
OR HELP WITH THE DEBT THEY
CURRENTLY HAVE, AND AS OPPOSED

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TO 401(k), OR DIFFERENT TYPES OF
BENEFITS, WHICH ARE STANDARD,
THINGS RELATED TO PAYING FOR
COLLEGE OR REPAYING DEBT THAT

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YOU HAVE ARE VERY HIGH ON THE
MINDS OF HOOSIERS AND PEOPLE
ACROSS --
>> I THINK ANOTHER OUTCOME OF

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THE SURVEY, FOLKS LOOKING,
WANTING OPTIONS, DIFFERENT
OPTIONS TO PAY FOR THINGS. THE
INCOME SHARE AGREEMENTS, PURDUE

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HAS MADE THAT SOMEWHAT POPULAR,
TALK ABOUT THAT.
>> THEY REALLY HAVE, WHEN WE GO
TO A CONFERENCE OUTSIDE THE

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STATE, AS SOON AS THEY SEE
INDIANA ON OUR NAME TAG THEY'RE
LIKE, THAT'S WHERE IT'S ALL
HAPPENING, SO WE'RE PRETTY

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POPULAR THESE DAYS, THE ISA, THE
INCOME SHARE AGREEMENTS, AND A
WAY TO PAY FOR COLLEGE WHERE THE
STUDENT SAYS I WILL PAY WITH A

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PORTION OF MY FUTURE INCOME,
RIGHT?
VERY POPULAR, VERY POPULAR IN
THE SURVEY. AND WHEN YOU THINK

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ABOUT IT, WHAT HAPPENS TO
STUDENTS THAT DON'T HAVE A
COSIGNER, A FAMILY THAT MIGHT
NOT WANT A CERTAIN TYPE OF LOAN.

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NOW YOU HAVE AN OPTION WHERE
THEY SAY I WILL PAY A PERCENTAGE
OF MY FUTURE INCOME AFTER
GRADUATION, AND IT'S VERY

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POPULAR, AND IT'S SOMETHING THAT
PURDUE IS LEADING THE WAY ON,
AND OTHER SCHOOLS ARE LOOKING AT
VERY SERIOUSLY

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>> YOU THROW IT ALL IN A POT AND
STIR IT UP, WHERE IS THIS ALL
HEADED?
BECAUSE STUDENT DEBT AS YOU KNOW

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IS SUCH A HUGE ISSUE, EDUCATION
TRAINING SUCH A HUGE ISSUE,
WHERE IS IT ALL HEADED?
>> AS WE SAW LAST YEAR, AND THIS

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YEAR'S SURVEY, THE INTERET IN
EDUCATION, THE VALUE OF
EDUCATION IS NOT WANING,
FAMILIES ARE INTERESTED IN THIS,

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AND STUDENTS REALLY WANT THIS.
AT THE SAME TIME, THEY DON'T
WANT THE HIGH LEVELS OF STUDENT
DEBT. SO WHAT THEY CAN DO ON THE

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FRONT END TO LIMIT THAT DEBT AND
CREATIVE WAYS THAT THE SCHOOLS,
THE STATE, ALL OF US, CAN COME
UP WITH TO LIMIT THAT STUDENT

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LOAN DEBT WHILE THE STUDENTS GET