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2016 EFC Mid-Year Membership Meeting
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2016 EFC Mid-Year Membership Meeting

The EFC Mid-Year Membership Meeting will provide insight from industry experts that will provide up-to-date information on key issues and new developments affecting the student loan industry.

9/15/2016 to 9/16/2016
When: 9/15/2016
8:00 AM
Where: Washington Marriott at Metro Center
775 12th Street, NW
Washington, District of Columbia  20005
United States
Contact: Gail daMota
202-955-5510


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EFC MID-YEAR MEMBERSHIP MEETING

September 15-16, 2016

Washington Marriott at Metro Center

775 12th Street NW

Washington, DC 20005

 

DRAFT AGENDA (September 6, 2016)


PLEASE NOTE: The EFC room block at the Marriott Metro Center has sold out. As of August 4, the Marriott has a few rooms available at the regular room rate, but the hotel anticipates a complete sell out over the conference dates. The document below provides a list of some alternative hotel options. We encourage you to make your hotel reservations as soon as possible as the Marriott and the alternative hotels have very limited availability.


HOTEL OPTIONS

 

The EFC Mid-Year Membership Meeting will provide insight from industry experts that will provide up-to-date information on key issues and new developments affecting the student loan industry. Session topics will cover financing and student loan servicing, college success and financial literacy initiatives, and statutory, regulatory, and legislative developments. The EFC Mid-Year Membership Meeting is strategically located in Washington, D.C.; attracting key members of Congress, Administration officials, higher education groups, and other industry stakeholders.

 

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.
  • Identify MSRB and SEC regulations that pertain to the municipal bond market and how they affect student loan financing.
  • Review the Department Not-For-Profit Direct Loan Servicing program.
  • Gain perspective on the Congressional agenda – identify pending legislation that affects student loans and the tax-exempt bond marketplace.
  • Define effective communication and public relation strategies

 

Who Should Attend

  • Issuers
  • Investors
  • Investment banks
  • Underwriters
  • Rating agencies
  • Regulators
  • Policymakers
  • Law firms
  • Higher education groups

 

Reservations

Hotel room reservations may be made directly with the Marriott at Metro Center by utilizing this link, Education Finance Council Meeting, or by calling the hotel central reservations at 800-228-9290 or 1-202-737-2200.  Please inform the reservation clerk that you are attending the Education Finance Council Mid-Year Membership Meeting to ensure the special room rate of $299.00 per night, plus applicable tax (14.5%).  You must make your reservation on or before August 15, 2016 to receive the special room rate.  Once EFC’s room block is full, or after August 15, 2016 reservations will be accepted on a space- and rate-available basis.  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.


PLEASE NOTE: The EFC room block at the Marriott Metro Center has sold out.  As of August 4, the Marriott has a few rooms available at the regular room rate, but the hotel anticipates a complete sell out over the conference dates. The attached document provides a list of some alternative hotel options.  We encourage you to make your hotel reservations as soon as possible as the Marriott and the alternative hotels have very limited availability.


HOTEL OPTIONS

 

Register Early

To receive a $200 early-bird registration discount you must register on or before August 15, 2016. The early-bird registration rate for members and affiliate members is $665.00, and for non-members is $1,025.00. After August 15, 2016, the member and affiliate member registration rate is $865.00 and $1,225.00 for non-members. Please register via the EFC website HERE (you must be logged into the EFC website using your username and password to receive the low EFC member registration rate). You may also complete the attached registration form and fax it to 202.955.5530. Checks should be made payable to Education Finance Council and mailed to Education Finance Council,1850 M Street, NW, Suite 920, Washington, DC 20036. (Note: Your organization’s membership dues for 2015 must be current to register at the member rate.)

 

Cancellation, Refund, Complaint Policy

All registration cancellations requests must be made in writing (e-mail is acceptable) to Gail daMota at gaild@efc.org. Full refunds will be provided for cancellation requests made on or before August 22, 2016. Requests made after August 22, 2016 but before September 5, 2016 will receive a 50 percent refund, and requests made after September 5, 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. 

 

  • Program Level: Overview
  • No Prerequisites Required
  • No Advance Preparation Required
  • Program is a “Group Live” Offering
  • CPE Credits Awarded:  TBD

 

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 to the National Registry of CPE Sponsors through its website: www.learningmarket.org.


 

DRAFT AGENDA - (September 6, 2016)

 

Wednesday, September 14, 2016

(Events to be held at the Capitol View Conference Center)

 

7:30 a.m. – 12:00 p.m.

Registration

 

8:00 a.m. – 8:30 a.m.

Board Meeting – Executive Session

 

8:30 a.m. – 9:00 a.m.

Board Meeting – Open Session

 

9:00 a.m. – 9:15 a.m.

Break

 

9:15 a.m. – 12:00 p.m.

EFC Voting Member CEO Meeting – Voting Members Only

 

12:00 p.m.

Adjourn for Hill Visits / Lunch on Your Own

 

1:00 p.m. – 5:00 p.m.

College Success Committee Roundtable 

 

 

Thursday, September 15, 2016

(Events to be held at the Marriott Metro Center)

 

7:00 a.m. – 4:00 p.m.

Registration

 

7:00 a.m. – 8:15 a.m.

Breakfast

 

8:30 a.m. – 9:00 a.m.

U.S. Congressman Todd Young (R-IN)

U.S. House of Representatives

House Committee on Ways and Means
— Subcommittee on Tax Policy
— Subcommittee on Trade 

 

Introduction:             

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

 

9:00 a.m. - 9:30 a.m.

Welcome and EFC Update

EFC’s Chair and President will welcome you to the EFC Mid-Year Membership Meeting and provide an overview of the EFC’s activities, including a strategic plan report and highlights of other initiatives.

 

Patricia Beard, Chief Executive Officer, South Texas Higher Education Authority, Inc.; EFC Chairman of the Board

 

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

 

9:30 a.m. – 10:00 a.m.   

U.S. Congresswoman Virginia Foxx (R-NC)      

U.S. House of Representatives

Vice Chair, House Committee on Rules
— Subcommittee on Legislative and Budget Process

House Committee on Education and the Workforce
— Chair, Subcommittee on Higher Education and Workforce Training
— Subcommittee on Health, Employment, Labor, and Pensions

Introduction:
Julia R. Hoke,General Counsel & Director of Legal Affairs, North Carolina State Education Assistance Authority


10:00 a.m. – 10:15 a.m.

Break

 

10:15 a.m. – 11:15 a.m.

Income-Share Agreements: An Emerging Market Comes to Life

Income-Share Agreements (ISAs) are gaining traction as an alternative to traditional forms of higher education financing. A prominent current example is Purdue University’s recently launched “Back a Boiler” program, which offers ISAs to rising juniors and seniors for the 2016-17 academic year. This panel will share learnings from the development and launch of the Purdue program, and perspectives on the potential expansion of the ISA movement to other educational institutions.

 

Moderator:

Larry Lutz, Senior Vice President, USA Funds

 

Panelists:

Bill Brosseau, Vice President of Higher Education, Vemo Education, Inc.

 

Brian E. Edelman, Chief Operating Officer & Treasurer, Purdue Research Foundation

 

Pamela T. Horne, Vice Provost for Enrollment Management, Purdue University

 

Ted Malone, Executive Director, Division of Financial Aid, Purdue University

 

11:15 a.m. – 12:30 p.m.

Education Loan Refinance Program 102

Building on the refinance session held at the EFC Annual Membership Meeting, this session will focus on member organizations that have recently launched education loan refinance programs. Leaders from these organizations and industry experts will review program structures, lessons learned, pitfalls and opportunities, data gathered and how it is utilized, and emerging trends.    

 

Moderator:

Randy Schmidt, Senior Vice President, Business Development, Goal Structured Solutions

 

Panelists:

David Bailey, Vice President, Kentucky Higher Education Student Loan Corporation

 

Charlene Morrison, Chief Financial Officer, Alaska Student Loan Corporation

 

Phillip Wambsganss, Executive Director, North Texas Higher Education Authority, Inc. and Higher Education Servicing Corporation

 

Tim Webb, Vice President, FirstSouthwest, A Division of Hilltop Securities

 

12:30 p.m. – 1:30 p.m.

Luncheon

 

1:45 p.m. – 3:00 p.m.

Financing Education and Refinance Loan Programs

This session will review the current state of the market for financing and securitization of FFELP, private education, and refinance loan portfolios. It will review new developments, funding sources, securitization challenges, and investor preferences in both the taxable and tax-exempt arenas. Leading Underwriters, Advisors and Rating Analysts will examine how differences in private student loan types and underwriting criteria are viewed and what challenges have arisen in structuring recent transactions.

 

Moderator:

Joseph Santoro, Director, Bank of America Merrill Lynch

 

Panelists:

Jon Riber, Senior Vice President, DBRS

 

Jeffrey Wagner, Managing Director, RBC Capital Markets

 

Mark Weadick, Managing Director, S L Capital Strategies LLC

 

3:00 p.m. – 3:15 p.m.

Snack Break

  

3:15 p.m. – 4:00 p.m.

Education Lending: View of the Future from Federal Regulatory Agencies

The Consumer Financial Protection Bureau, the U.S. Treasury Department, and the U.S. Department of Education are the major players in shaping the future of education lending through regulation. Representatives from the three agencies will discuss the future of Federal student loan servicing, repayment relief initiatives, pending oversight, and regulatory changes.

 

Moderator:

Will Shaffner, Director, Business Development & Government Relations, MOHELA

 

Panelists:

Jeff Appel, Deputy Under Secretary of Education, U.S. Department of Education (Invited)

 

Melissa Koide, Deputy Assistant Secretary Office of Consumer Policy, U.S. Department of the Treasury

 

Mike Pierce, Deputy Assistant Director (Acting), Senior Advisor to the Student Loan Ombudsman, Consumer Financial Protection Bureau

 

 

4:00 p.m. – 5:00 p.m.

Student Loan Servicing Reform: The Non-Federal View

Student loan advocates will discuss their perspectives on what is working and what is broken in federal student loan servicing. Panelists will discuss ways to reform student loan servicing and seek common ground.

 

Moderator:

Scott Giles, President & CEO, Vermont Student Assistance Corporation

 

Panelists:

Pauline Abernathy, Vice President, The Institute for College Access and Success


Jean McDonald Rash, Executive University Director of Financial Aid, Rutgers University; Chair-Elect, Higher Education Loan Coalition

 

Additional Panelists To Be Announced

  

5:00 p.m. – 6:00 p.m.

EFC Reception


6:00 p.m. – 6:30 p.m.                     

Wes Moore, Founder and CEO, BridgeEdU

Wes Moore knows first-hand the challenges facing young people from high-risk neighborhoods. As chronicled in his first book, The Other Wes Moore, expectations and family and community support systems play a major role in whether college is possible or a distant reality. Wes will share with us how his own personal experience and passion to make a difference resulted in finding ways to make college a reality for an increasing number of high school students in Baltimore. Wes launched BridgeEdU to help high school students transition to college and realize their own potential. But his efforts don’t end there — Wes will also share information on BridgeEdU’s plans to release a new mobile app designed to help students understand the resources available to fund their college education.  

Introduction:    
Patricia Beard, Chief Executive Officer, South Texas Higher Education Authority, Inc.; Chairman of the Board, Education Finance Council

 

6:30 p.m. – 8:00 p.m.     

Dinner


 

Friday, September 16, 2016

(Events to be held at the Marriott Metro Center)

 

7:00 a.m. – 11:00 a.m.

Registration

 

7:00 a.m. – 8:00 a.m.

Breakfast

 

8:00 a.m. – 9:00 a.m.

Legislative Update – Congressional Staff Panel

A panel of Congressional staff from the House, the Senate, and key committees will discuss the reauthorization of the Higher Education Act, the Tax Reform Blueprint, as well as other initiatives.

 

Moderator:

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

 

Panelists:

Joshua Delaney, Education Policy Advisor, Office of Senator Elizabeth Warren (D-MA)

 

Aharon Friedman, Tax Counsel, House Committee on Ways and Means

 

Robert L. Moran, Deputy Education Policy Director, Senate Committee on Health, Education, Labor, and Pensions

 

 

9:00 a.m. – 9:45 a.m.

Perspectives on Financial Literacy 
Financial literacy is the foundation for a successful higher education financing experience and a strong financial future. This session will focus on the ways in which nonprofit, state-based organizations can partner with colleges, universities, and other stakeholders to explore and implement innovative programs around financial literacy, financial wellness, and student loan repayment counseling. The discussion will also center on how the higher education financing process is a unique opportunity to educate young consumers on financial competencies, and will explore what role the federal government and other industry players should play in improving both financial competencies and the general higher education financing experience. 

 

Moderator:

Michele Streeter, Communications Manager, Education Finance Council

 

Panelists:

Lindsay Ahlman, Senior Policy Analyst, The Institute for College Access and Success

 

Bryan Ashton, Director of Student and Institutional Success, TG

 

Bill Wozniak, Director of Marketing, ISM Education Loans, Inc.

  


9:45 a.m. – 10:00 a.m.

Break

 

10:00 a.m. – 10:30 a.m.

Presidential Election: Higher Education Platforms - Democrat

Higher education and student loan reform are hot topics for the presidential candidates. This session will review the higher education platform, with a focus on student loans, for presidential candidate Hillary Rodham Clinton.

 

Introduction:
Elizabeth Fontaine, Deputy Executive Director, Massachusetts Educational Financing Authority 

 

Presenter:

Catherine Brown, Vice President, Education Policy, Center for American Progress

 

10:30 a.m. – 11:00 a.m.

Presidential Election: Higher Education Platforms - Republican

Higher education and student loan reform are hot topics for the presidential candidates. This session will review the higher education platform, with a focus on student loans, for presidential candidate Donald J. Trump.

 

Introduction:

Steven W. McCullough, President & CEO, Iowa Student Loan Liquidity Corporation

 

Presenter:

Dr. Sam Clovis, National Co-Chair and Chief Policy Advisor, Donald J. Trump for President, Inc.

 

11:00 a.m. – 12:00 p.m.

Bipartisan Policy Center: Project on Higher Education Finance and Student Outcomes Research Update

The Project on Higher Education Finance and Student Outcome Research is designed to look at the history of the student loan program with an emphasis on its relationship to the federal budget process and a recognition of the erosion in the public-private partnership that initially characterized federal student loans. Specifically, it assess the budgetary effects of the current system, focusing on excessive borrowing, declining repayment rates, and the extent to which current budget scoring methods convey the true costs of the program. Ultimately, this project seeks to identify ways in which the notion of a public-private partnership could be re-established through both management initiatives and policy reforms designed to reduce what has become an excessive reliance on student loans to finance American higher education.

 

Introduction:

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

 

Panelists:

Kenneth Megan, Policy Analyst, Bipartisan Policy Center

 

Art Hauptman, Public Policy Consultant

  

12:00 p.m.

Adjourn