Top Regulators to Speak at Education Finance Council Conference

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Jun 15, 2012, 04:46 ET

Senior officials from the CFPB, Department of Education, MSRB and other industry thought leaders will deliver remarks at the EFC Mid-Year Meeting.

WASHINGTON, June 15, 2012 /PRNewswire-USNewswire/ -- The Education Finance Council (EFC), the trade association representing nonprofit and state agency student lenders, will host its Mid-Year Membership Meeting July 12-13, 2012 in Washington, DC. The conference will feature remarks from senior officials from the Consumer Financial Protection Bureau (CFPB), the U.S. Department of Education, the Municipal Securities Rulemaking Board (MSRB), prominent economists, political insiders, renowned researchers, student loan issuers and communication experts.

Top regulators will provide insight on rules and initiatives affecting student loan financing including the municipal market. A key official from the CFPB will discuss the Bureau's oversight of the private student loan marketplace. U.S. Department of Education Deputy Assistant Secretary for Policy, Planning, and Innovation for the Office of Postsecondary Education, David Bergeron and Director of Policy Liaison and Implementation for Federal Student Aid, Jeff Baker will give an update on the Department's initiatives impacting higher education financing. MSRB Executive Director Lynette Kelly will provide an overview of MSRB's new rules and initiatives related to student loan issuers, underwriters, investors, and municipal advisors.

"This conference goes far beyond student loans," said EFC President, Vince Sampson. "Student loans are immersed in a jungle of regulatory red-tape created by Dodd-Frank Act, national policy and political disputes, and a global economic crisis. With the help of industry insiders, we will untangle the issues and get to the heart of what affects how students pay for college."

Other thought leaders will discuss issues ranging from the cost of college to global economic effects on U.S. capital markets. Anthony Carnevale, Georgetown University Center on Education and the Workforce, will examine the statistical analysis and findings of his report, "Hard Times: Not All College Degrees are Created Equal." Prominent economists will discuss the global economy the variables affecting bond pricing and the U.S. capital markets; political insiders from both parties will provide perspectives on the November elections and Congressional agenda; higher education experts will examine the cost of education; student loan issuers will discuss best practices to adequately address borrower complaints; and administration officials will discuss the unique challenges of America's Veterans in postsecondary education.

In addition, Continuing Education Credits may be available for the EFC Mid-Year Membership Meeting.

To save on the special EFC hotel room rates and the early-bird registration fee, make hotel reservations and register for the meeting on or before June 18. For meeting information and to register, visit http://www.efc.org/cs/root/conferences_and_meetings/efc_midyear_membership_meeting.

EFC represents nonprofit and state agency student finance organizations; which operate as secondary markets, loan servicers, supplemental loan originators, and college planning resources for students and families in their states. EFC's mission of making college more affordable and accessible is realized through its members' vast college access and completion programs; provided to students, families, and schools across the nation at no cost.

CONTACT: Samantha DeZur
(202) 955-5510

SOURCE Education Finance Council