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#2246870 - 12/23/20 03:57 PM LMI Data for Community College?
TMatt87 Offline
Diamond Poster
Joined: May 2011
Posts: 1,876
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?
All opinions are my own, not my employer's

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#2246871 - 12/23/20 04:01 PM Re: LMI Data for Community College? TMatt87
rlcarey Offline
10K Club
Joined: Jul 2001
Posts: 75,778
Galveston, TX
The employee does this for free as a representative of the bank?
The opinions expressed here should not be construed to be those of my employer:

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#2246878 - 12/23/20 04:47 PM Re: LMI Data for Community College? TMatt87
CompliantOkie Offline
Gold Star
Joined: Dec 2013
Posts: 410
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.

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#2246882 - 12/23/20 05:15 PM Re: LMI Data for Community College? TMatt87
InFairness, CRCM Offline
Gold Star
InFairness, CRCM
Joined: Nov 2010
Posts: 432
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.
Opinions are strictly my own, and have nothing to do with my employer.

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#2246988 - 12/29/20 04:49 PM Re: LMI Data for Community College? TMatt87
Tennismom Offline
Platinum Poster
Joined: Jan 2004
Posts: 762 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.

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