HEPC 2012 - College Affordability and Student Debt

Total student loan debt in the United States has now surpassed both credit card debt and automobile loans, prompting a broad-reaching public conversation in recent months about both the affordability of higher education and the implications of rising debt. With tuition rates increasing, more students than ever are taking out student loans, and early data suggests that both individual student loan debt levels and default rates are increasing. These trends are likely to have an impact on national and state economies as well as the higher education sector. This panel of experts will discuss the potential economic implications of student debt, the importance of consumer protection, and the state and federal roles in this conversation.

Introductions:
Diane Barrans, Executive Director, Alaska Commission on Postsecondary Education

Presenters:
David Bergeron, Acting Assistant Secretary
Office of Postsecondary Education, U.S. Department of Education

Michele A. Casey, Assistant Attorney General
Consumer Fraud Bureau, Office of the Illinois Attorney General

Kelly Edmiston, Senior Economist in Community Development
Federal Reserve Bank of Kansas City

Respondent:
Sandy Baum, Higher Education Policy Analyst, The George Washington University

Moderator:
Martha Kanter, Under Secretary, U.S. Department of Education

College Affordability and Student Debt (pdf)

College Affordability and Student Debt (audio)

Date: 
Thursday, August 9, 2012
Presented by: 
David Bergeron, MIchele Casey, Kelly Edmiston and Sandy Baum