Americans currently hold $1.5 trillion in outstanding federal student loan debt, with nearly one in five adults carrying a share of this burden. Less than half of new borrowers can put a dent in their principal balance within three years of entering repayment. Worse yet, some traditionally under-served populations carry disproportionately large debt burdens and are more likely to default. With reauthorization of the Higher Education Act on the horizon, now is the time to consider reforms.
Join BPC, the Aspen Institute Financial Security Program, and the Consumer Bankers Association as we explore solutions that could better-support existing borrowers, as well as reforms to improve the system moving forward.
Keynote remarks by:
Rep. Donna Shalala (D-FL)
Panel discussions with:
Senior Vice President, McKeon Group
Vice President, Congressional Affairs, Consumer Bankers Association
Deputy Director for Research, Economic Policy Program, New America
Director, Social Justice Program, United Negro College Fund
Director of Higher Education Policy, The Education Trust
Julie Margetta Morgan
Fellow, Roosevelt Institute
Associate Professor of Economics, Temple University