Helping Struggling Borrowers and Fixing the Federal Student Loan System
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 Bipartisan Policy Center and the Aspen Institute Financial Security Program at 2261 Rayburn House Office Building | First St SE, Washington, DC 20004 as we explore solutions that could better-support existing borrowers, as well as reforms to improve the system moving forward. Join the conversation online with #BPCLive.
Keynote remarks by: Rep. Donna Shalala (D-FL)
Panel I Discussion
Panel II Discussion
FEATURED SPEAKERS
Keynote Remarks by Rep. Donna Shalala | (D-FL)
Panel Discussions Featuring:
Jeff Andrade | Senior Vice President, McKeon Group
Kristen Fallon | Vice President of Congressional Affairs and Director of Policy & Strategy, Consumer Bankers Association
Rachel Fishman | Deputy Director for Research, Education Policy Program at New America
Ashley Harrington | Director of National Social Justice Program, United Negro College Fund
Tiffany Jones | Director of Higher Education Policy, The Education Trust
Julie Margetta Morgan | Co-founder and Executive Director, Great Democracy Initiative; Fellow, Roosevelt Institute
Douglas Webber | Associate Professor of Economics, Temple University
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Undergraduates are paying 28% more for college than they were a decade ago and 65% more than they did 20 years ago.
@RepShalala joins us and @BPC_Bipartisan to discuss the student debt crisis #BPCLive https://t.co/I8vuaBgFmo pic.twitter.com/M29xPuSJPS
— Aspen FSP (@AspenFSP) May 14, 2019
There are racial disparities in the student loan crisis. 3 of 4 black Americans who attend a for-profit school – and leave before graduation – end up defaulting. Our systems are hindering people from repaying. @TiffanyJonesPhD @AspenFSP pic.twitter.com/5gDtX0cVhy
— Katie Bryan (@katiebissell) May 14, 2019
When discussing ways to #FixStudentDebt, Ashley Harrington w/ United Negro College Fund calls for increase in Pell Grants. @ConsumerBankers Kris Fallon notes CBA’s call for more Pell Grants so fed’l government helps those with the most need & banks can help families with means. pic.twitter.com/yVFddSOTP4
— Consumer Bankers Association (@ConsumerBankers) May 14, 2019
Miss our conversation with @AspenFSP & @ConsumerBankers on improving the federal student loan system? Watch it here: https://t.co/MuSKiufYnQ
— Bipartisan Policy Center (@BPC_Bipartisan) May 16, 2019