We have an employee who regularly guest lectures a fundamentals of finance course at a local community college. About 80% of the students at the college qualify for financial aid. Does qualifying for financial aid equal LMI individuals for college, similar to free/reduced lunch for K-12? If not, is there another way to determine LMI status?

The employee does this for free as a representative of the bank?

We use Pell Grant eligibility to qualify a local college for CRA consideration when we invested in some bonds several years ago. Our OCC exam team was pleased with that criteria.

In addition to Pell Grant eligibility, sometimes colleges will publish student income distribution data that can be used to help qualify this type of financial literacy education.

https://nces.ed.gov/collegenavigator/ This site will give you an institution's Pell Grant % - All Undergraduate Students. This can be found when you expand the "Financial Aid" portion of the webpage.