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2016 EFC Annual Membership Meeting
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2016 EFC Annual Membership Meeting

The Annual Membership Meeting brings together financial industry participants, policymakers, and higher education advocates to discuss market activity and outlooks, regulatory issues, pertinent legislation, and relevant higher education issues. This meeting provides participants with informative sessions and valuable networking opportunities.

3/10/2016 to 3/11/2016
When: 3/10/2016
8:00 AM
Where: Palomar Phoenix - CityScape
Two East Jefferson Street
Phoenix, Arizona  85004
United States
Contact: Gail daMota
202-955-5510


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24th ANNUAL EFC MEMBERSHIP MEETING

March 10-11, 2016

Hotel Palomar Phoenix – Phoenix, Arizona


FINAL AGENDA - Revised March 7, 2016 - Please note new session times on Thursday morning.

SPONSOR OPPORTUNITIES 

PLEASE NOTE:  ONLINE REGISTRATION CLOSES AT MIDNIGHT ON FRIDAY, MARCH 4, 2016 -- YOU MAY REGISTER ON-SITE.

NOTE: EFC Room Block Is Sold Out

The EFC room block at the Palomar Phoenix Hotel is completely sold out.  If you plan on cancelling a room reservation, please contact Gail daMota (202) 955-5510 prior to cancelling with the hotel so we can try to help some attendees get into the conference hotel. 

EFC does not have a contract with any other hotel, however, if you are unable to make a reservation at the Palomar for the conference, below are a list of hotels close by and an estimate of their room rates.  Please note – these hotels also told us they are close to selling out. 

Renaissance Phoenix Downtown (Owned by Marriott)
http://www.marriott.com/hotels/travel/phxbd-renaissance-phoenix-downtown-hotel/
50 East Adams Street
Phoenix, AZ 85004
4 minute walk to the Hotel Palomar
Estimate $399 per night 

The Westin Phoenix Downtown
http://www.westinphoenixdowntown.com/
333 North Central Avenue
Phoenix, AZ 85004
7 minute walk to the Hotel Palomar
Estimate $373 per night 

Sheraton Phoenix Downtown
http://www.sheratonphoenixdowntown.com/
340 North 3rd Street
Phoenix, AZ 85004
11 minute walk to the Hotel Palomar
Estimate $271 per night

 

The Annual Membership Meeting is Education Finance Council's (EFC) largest conference and well-attended by EFC members and non-members.  The Annual Membership Meeting brings together financial industry participants, policymakers, and higher education advocates to discuss market activity and outlooks, regulatory issues, pertinent legislation, and relevant higher education issues. This meeting provides participants with informative sessions and valuable networking opportunities. 

Conference Objectives

  • Identify the latest developments in the capital markets, with a focus on student loan ABS, bond refinancing options, and new issue opportunities
  • Clarify the CFPB’s impact and oversight role in the private student loan marketplace, including the servicing and collection of education loans.
  • Identify MSRB and SEC regulations that pertain to the municipal bond market and how they affect student loan financing.
  • Review the Department of Education's initiatives including Federal Direct Loan Servicing
  • Gain perspective on the Congressional agenda – identify pending legislation that affects student loans and the tax-exempt bond marketplace. 

Who should attend

  • Issuers
  • Investors
  • Investment banks
  • Underwriters
  • Rating agencies
  • Law firms
  • Senior Finance Executives 

RESERVATIONS

Hotel room reservations should be made directly with Hotel Palomar Phoenix online by using this link "EFC Annual Membership Meeting", or by calling the hotel reservations at (480) 747-9903 or 1-800-KIMPTON.  Please inform the reservation clerk that you are attending the Education Finance Council meeting to ensure the special room rate of $245.00 per night, plus applicable state and local taxes (approximately 12.27%).  Room rates will be in effect from three (3) days prior and post the EFC event, subject to availability.  Hotel services and amenities per room include complimentary use of Gold’s Gym and in-room Wi-Fi.  You MUST make your reservations on or before February 8, 2016 to receive the special room rate.  EFC has reserved a small room block and the hotel will fill up quickly.  Once EFC’s room block is full, we cannot guarantee the lower rate or room availability regardless of the cut-off date.  Reservations made after February 8, 2016 or after the EFC room block is full are subject to availability and rate change.  Please only reserve the number of rooms that you will be using – cancelling rooms on or after the cut-off date prevents other members from receiving the EFC special rate and may lead to penalties for EFC.  

REGISTER EARLY

To receive a reduced early bird registration rate, you must register on or before February 8, 2016.  The early bird registration rate for EFC members is $890, and for non-members is $1,230.  After February 8 2016, the EFC member registration rate is $1,090 and the non-member rate is $1,430.  Checks should be made payable to Education Finance Council and mailed to: Education Finance Council, Attention: Gail daMota, 1850 M Street, NW, Suite 920, Washington, DC 20036.  (Note: Your organization’s EFC membership dues for 2016 must be current to register as a member for the meeting.) 

CANCELLATION, REFUND & COMPLAINT POLICY

All registration cancellation requests must be made in writing (e-mail is acceptable) to EFC.  Full refunds will be provided for cancellation requests made on or before February 8, 2016  Requests made after February 8, 2016 and on or before March 1, 2016 will receive a 50 percent refund; any requests made after March 1, 2016 are not eligible for a refund even if the registrant does NOT attend the conference. There is no cancellation fee.  For more information regarding administrative policies such as complaint, cancellation and refund, please contact EFC at 202.955.5510 or e-mail Gail daMota at gaild@efc.org. 

CONTINUING EDUCATION CREDITS

Continuing Education Credits may be available for Education Finance Council conferences.  Upon request conference attendees will be provided with a “Certificate of Attendance” and a copy of the conference agenda, showing topics, length of sessions, and name(s) and professional affiliation(s) of presenter(s) for each session.  Attendees wishing to apply for continuing education credits for attending this conference may submit this documentation to the relevant organization in his/her state when applying for such credits. 

CPERegistry_logo.jpg

·        Program Level: Overview

·        No Prerequisites Required

·        No Advance Preparation Required

·        Program is a “Group Live” Offering

·        CPE Credits Awarded:  TBD 

The Education Finance Council is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.  Complaints regarding registered sponsors may be submitted.

FINAL AGENDA (SUBJECT TO CHANGE)

Wednesday, March 9, 2016

2:30 P.M. – 5:00 P.M.                                 

REGISTRATION - Dreamcatcher I & II Lobby

Meetings will be held in Dreamcatcher I & II


3:00 P.M. – 3:45 P.M.                                   

BOARD OF DIRECTORS MEETING (open session) 

3:45 P.M. – 4:00 P.M.                                   

BREAK 

4:00 P.M. – 6:00 P.M.                                   

EFC CEO MEETING (voting members only) 


Thursday, March 10, 2016

7:30 A.M. – 4:00 P.M.                                   

REGISTRATION - Dreamcatcher Ballroom Lobby

7:30 A.M. – 8:45 A.M.                                   

BREAKFAST - Lustre Lounge & Deck

Meetings will be held in Dreamcatcher Ballroom


8:45 A.M. – 9:00 A.M.                                   

PRESIDENT’S AND CHAIRMAN’S WELCOME 

9:00 A.M. – 10:30 A.M.                                   

PRIVATE EDUCATION LOAN ANALYTICS AND CREDIT SCORING

A panel of experts will discuss private loan analytics – available information, what it reveals about borrower behavior, and how to best utilize the data. The session will also examine traditional FICO scores and bands, as well as alternative underwriting criteria – such as the use of cell phone data, social media, course of study, institutions of attendance and other proxies to credit scores – including the danger of disparate impact. 

Moderator:                                       

Jeff Wagner, Managing Director, RBC Capital Markets 

Panelists:            

Eugene Hutchins, Chief Financial Officer, New Jersey Higher Education Student Assistance Authority

Chris Keaveney, President, MeasureOne

Steve Winnie, Executive Vice President, Chief Operating Officer and General Counsel, Campus Door

Charlie Wise, Vice President, Innovative Solutions Group, TransUnion 

 

10:30 A.M. – 10:45 A.M.                              

BREAK 

10:45 A.M. – 11:45 A.M.                              

DATA DATA DATA: HOW TO GATHER USEFUL DATA

Quality longitudinal data is in demand, especially to understand the pathways students take and to measure the effectiveness of programs (e.g. college access and student success). A panel will discuss what states and other organizations are doing to gather data, how the data can be used to strengthen your programs. 

Moderator:         

Marilyn Kosir, Student Loan Manager, Minnesota Office of Higher Education 

Panelists:            

Meredith Fergus, Manager, Financial Aid Research/SLEDS, Minnesota Office of Higher Education

Mark E. Pevey, Ph.D., Vice President, Strategic Research and Analysis, Georgia Student Finance Commission

Matthew Soldner, Senior Researcher, American Institute for Research (AIR)

11:45 A.M. - 12:15 P.M.

U.S. CONGRESSWOMAN KYRSTEN SINEMA (D-AZ)

House Committee on Financial Services
     Subcommittee on Oversight and Investigations 
     Subcommittee on Financial Institutions and Consumer Credit
     Task Force to Investigate Terrorism

Introduction:

 

Patricia Beard, Chief Executive Officer, South Texas Higher Education Authority, Inc.                     

 

12:15 P.M. – 1:15 P.M.                                

LUNCHEON - Lustre Lounge & Deck

1:30 P.M. – 2:30 P.M.                                   

CAPITAL MARKETS: AN EVER-CHANGING LANDSCAPE

Student loan capital markets are an ever-changing landscape, with a multitude of factors influencing how and when issuers access capital. A panel of experts will discuss current market conditions and spreads for funding private and FFELP loans in municipal, asset backed and direct placement markets. This session will include a discussion of funding options for parent and refinance loans, and the latest rating agency actions concerning income driven repayment, forbearance and deferment. 

Moderator:         

Grant Carwile, Executive Vice President, South Carolina Student Loan Corporation 

Panelists:            

John Anglim, Senior Director, Structured Finance Ratings, Standard & Poor's 

Chris Cronk, Managing Director, Bank of America Merrill Lynch

Lee Donner, Managing Director, FirstSouthwest (a Division of Hilltop Securities) 

Mark Weadick, Managing Director, S L Capital Strategies LLC

2:30 P.M. – 2:45 P.M.                                   

BREAK 

2:45 P.M. – 3:45 P.M.                                   

CYBERSECURITY: AN INDUSTRY ALERT

Data breaches that leave millions of consumers vulnerable to identify theft and companies open to litigation are growing across all industries and the federal government. No one is immune to an attack, and regardless of state and federal laws and regulations, preparation and planning are the key to protecting consumer and company data. A panel of student loan industry experts will discuss cybersecurity federal requirements as well as policies and suggestions for ensuring your organization is not only compliant but prepared to act quickly in the event of an attack. 

Moderator:

David S. Schwanke, Deputy Executive Director, Utah Higher Education Assistance Authority 

Panelists:                                          

Don Bertier, Chief Information Officer, MOHELA

Ben Fiedler, Vice President of Information Technology, Edfinancial Services

3:45 P.M. – 4:45 P.M.                                   

STUDENT LOAN BORROWERS IN CRISIS: HOW FEDERAL POLICY, DEMOGRAPHICS, AND STUDENTS’ DECISIONS CONTRIBUTE TO RISING DELINQUENCY AND DEFAULT

As student debt levels increase along with delinquency and defaults, researchers are examining the demographics of student loan borrowers and the institutions they attend, as well as the effect federal higher education policies have on student success. This session will examine common factors that lead to student failure and success to inform future policies and programs in order to reverse the growing tide of debt and default. 

Moderator:         

Gail daMota, Senior Vice President & Chief Operating Officer, Education Finance Council 

Panelists:            

Doug Bandow, Senior Fellow, Cato Institute

David Bergeron, Senior Fellow for Postsecondary Education, Center for American Progress.

Alexander Holt, Policy Analyst, New America 

Maggie Thompson, Campaign Manager for Higher Ed Not Debt, Generation Progress 

4:45 P.M. – 5:30 P.M.                                   

TIME ON YOUR OWN

4:45 P.M. – 5:30 P.M.                                  

BOARD OF DIRECTORS MEETING (executive session – closed) - Rangoli Boardroom

5:30 P.M. – 8:30 P.M.                                   

EFC RECEPTION AND DINNER - Lustre Lounge & Deck


Friday, March 11, 2016 

7:30 A.M. – 11:00 A.M.                                 

REGISTRATION - Dreamcatcher Ballroom Lobby

7:30 A.M. – 8:30 A.M.                                   

BREAKFAST - Lustre Lounge & Deck

Meetings will be held in the Dreamcatcher Ballroom


8:30 A.M. – 9:00 A.M.                                   

U.S. CONGRESSMAN TODD ROKITA (R-IN)

House on Education and the Workforce
     Subcommittee on Early Childhood, Elementary, and Secondary Education (Chairman)
     Subcommittee on Workforce Protections
House Committee on the Budget
House Committee on Transportation and Infrastructure
     Subcommittee on Aviation
     Subcommittee on Railroads, Pipelines, and Hazardous Materials
     Subcommittee on Water Resources and Environment

Introduction:                                     

Joseph V. Wood, President, ISM Education Loans, Inc.

9:00 A.M. – 10:15 A.M.                                 

STATE-BASED AND NONPROFIT EDUCATION LOAN & REFINANCE PROGRAMS

Guidance released by the U.S. Department of the Treasury in November 2015 expands the use of tax-exempt financing for student loan refinance programs and loans to parents.  This has opened opportunities for states and nonprofits to create new education loan and refinance programs. This session will examine these new opportunities and how organizations can move forward and work with states to create or revitalize such programs as well how operational issues can be address. such programs as well as how operational issues are being addressed.

Moderator:                                       

Michael Nemelka, President, New Mexico Student Loans 

Panelists:            

Thomas Graf, Executive Director, Massachusetts Educational Financing Authority

Chad Pastorius, Manager of Strategic Planning, Rhode Island Student Loan Authority 

Kenneth B. Roberts, Partner, Hawkins, Delafield & Wood LLP

Patricia M. Scherschel, Student Lending Program Manager, Consumer Financial Protection Bureau

10:15 A.M. – 10:30 A.M.                              

BREAK

10:30 A.M. – 11:15 A.M.                            

POLITICAL ANALYSIS OF THE 2016 PRESIDENTIAL ELECTION

Presidential elections always generate interesting debate and policy discussions. A panel of experts will share their observations on the pending 2016 presidential and congressional elections including: who to watch, their platforms, and how they could shape future education and tax policy. 

Moderator:                                       

Debra J. Chromy, Ed.D., President, Education Finance Council

 

Panelists:                                          

Lee Foley, Founder & Managing Partner, Capitol Hill Partners

Ozzie Palomo, Senior Vice President, ADS Ventures

 

11:15 A.M. – 12:00 P.M.                           

REGULATORY AND FEDERAL UPDATE

EFC President Debra Chromy and EFC’s government relations team will provide an overview of the regulatory and legislative landscape and how it may impact EFC’s initiatives.

Moderator:         

Noel Simpson, Deputy Director & Chief Financial Officer, Rhode Island Student Loan Authority

Panelists:                                          

Debra J. Chromy, Ed.D., President, Education Finance Council

Lee Foley, Founder & Managing Partner, Capitol Hill Partners

Ozzie Palomo, Senior Vice President, ADS Ventures

 

12:00 P.M.                                                     

ADJOURNMENT