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2019 Annual Membership Meeting
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2019 Annual Membership Meeting

The EFC Annual Membership Meeting is EFC’s largest conference and is well-attended by EFC Members and non-members alike. The Annual Membership Meeting brings together financial industry participants, policymakers, and higher education advocates to discuss market activity and outlooks, new and innovative approaches to higher education financing, regulatory issues, pertinent legislation, and relevant higher education issues. The meeting also offers valuable networking opportunities.

3/14/2019 to 3/15/2019
When: Thursday, March 14, 2019
7:30 AM
Where: Hotel Republic San Diego (formerly Renaissance San Diego Hotel)
421 West B Street
San Diego, California  92101
United States
Contact: Gail daMota
(202) 955-5510

Online registration is closed.
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March 14-15, 2019

Hotel Republic San Diego





The Annual Membership Meeting is Education Finance Council’s (EFC) largest conference and is well-attended by EFC members and non-members alike. 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, and features informative sessions and valuable networking opportunities for participants.


Conference Objectives
  • Expand opportunities for EFC members to empower students to succeed as they plan and pay for college
  • Identify the latest developments in the capital markets, with a focus on alternative student loans and refinancing programs
  • Identify funding and opportunities for bond-financed education loan programs, and new issue opportunities
  • Examine new and emerging market opportunities to finance higher education
  • Identify federal and state regulatory developments that pertain to the origination, marketing, and servicing of education loans
  • Gain perspective on the Congressional agenda — identify pending legislation that affects postsecondary education financing and the tax-exempt bond marketplace


Who Should Attend
  • Issuers
  • Investors
  • Investment Banks
  • Underwriters
  • Rating Agencies
  • Law Firms
  • Senior Finance Executives
  • Loan Origination and Servicing Platform Providers



Hotel room reservations should be made directly with Hotel Republic San Diego online by using this link “EFC Annual Membership Meeting Reservations.” You may also call the Hotel Republic at (619) 398-3100 and please inform the reservation clerk that you are attending the Education Finance Council (EFC) Annual Membership Meeting to ensure the special room rate of $217.00 per night, plus applicable state and local taxes, currently 12.75%. Room rates will be in effect from March 8, 2019 through March 19, 2019 with rooms outside the room block subject to availability.


Hotel services and amenities per room include complimentary guest room Wi-Fi and complimentary access to the fitness center and spa. Attendees will not be responsible for any payment of any Hotel or resort fees.


Reservations can be cancelled up to 48 hours prior to arrival without penalty. If complete cancellation of an individual reservation takes place within 48 hours of the scheduled arrival, a cancellation fee equal to one (1) night’s room revenue will be charged with the exception of a personal or medical emergency where verification can be provided. Check-in time is 3:00 pm. Check-out time is 12:00 pm. Guests arriving prior to the Hotel check-in time shall be accommodated as rooms become available. The Hotel shall accommodate late check-outs subject only to availability.


You MUST make your reservations on or before February 18, 2019 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 11, 2019 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, as 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 18, 2019.


EFC Member Conference Fees

Registration received on or before February 18, 2019 -- $ 980.00

Registration received after February 18, 2019 -- $1,180.00


Non-Member Conference Fees

Registration received on or before February 18, 2019 -- $1,320.00

Registration received after February 18, 2019 -- $1,520.00


Checks should be made payable to Education Finance Council and mailed to: Education Finance Council, Attention: Gail daMota, 440 First Street NW, Suite 560, Washington, DC 20001. (Please Note: Your organization’s EFC membership dues for 2019 must be current to receive the member rate)


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 18, 2019. Requests made after February 18, 2019 and on or before March 4, 2019 will receive a 50 percent refund; any requests made after March 4, 2019 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


 CPE Credits will not be offered for this conference.


March 12-15, 2019 | Hotel Republic | San Diego, California



2019 ANNUAL MEMBERSHIP MEETING PROGRAM - (Final / Subject to Change)



Tuesday, March 12, 2019


4:00 p.m. – 6:00 p.m.

EFC Board of Directors Meeting (Open Session)

(Industry 1)

Wednesday, March 13, 2019


EFC CEO MEETING — Voting Members Only

8:00 a.m. – 9:00 a.m.

EFC CEO Meeting Breakfast (EFC Voting Members Only)

(Industry 2)


9:00 a.m. – 12:00 p.m.

EFC CEO Meeting (EFC Voting Members Only)

(Grand Room)


12:00 p.m. – 1:00 p.m.

EFC Board of Directors Meeting (Executive Session)*

(Industry 4)

*Box lunch will be provided to Board Members


2019 EFC CXO SUMMIT (requires a separate registration & fee)

(Industry 1 & 2)


12:30 p.m. – 5:00 p.m.



12:30 p.m. – 1:15 p.m.

CXO Summit — Vendor Set-Up


1:30 p.m. – 1:40 p.m.



1:40 p.m. – 5:30 p.m.

2019 EFC CXO Summit Meetings*

*Participants refer to your personal schedule for meeting times


2019 EFC ANNUAL MEMBERSHIP MEETING PROGRAM (final/subject to change)

(Subject to Change)


Thursday, March 14, 2019


7:30 a.m. – 4:00 p.m.



7:30 a.m. – 8:30 a.m.



8:45 a.m. – 9:00 a.m.

Welcome & EFC Update

EFC’s Board Chair and President will welcome you to the 2019 Annual Membership Meeting, provide an update on EFC activities, and announce the new 2019/2020 Board of Directors and executive committee.



Patricia Beard, Chief Executive Officer, South Texas Higher Education Authority, Inc. Chair, Education Finance Council Board of Directors


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


9:00 a.m. – 10:00 a.m.

Revolution of Education Loan and Refinance Programs

The education loan industry has undergone tremendous transformation in both products offered and the way in which they are accessed. Fintech organizations and online loan shopping tools have opened new roads and pathways for borrowers to obtain education finance. This session will highlight some innovative programs and delivery tools, and the opportunities and risks to borrowers and market participants.



Charles Kelley, Executive Director, Rhode Island Student Loan Authority



Bill Hubert, President, Purefy, Inc.


Erin Jane Illman, Partner, Bradley Arant Boult Cummings LLP


Aaron Pisacane, Product Lead — Student Loans & Personal Loans, Entech


10:00 a.m. – 10:15 a.m.



10:15 a.m. – 11:15 a.m.

Trends and Strategies for the Management of Education Loan Portfolios

Successfully managing an education loan portfolio for private and/or legacy FFELP portfolios is vitally important to assisting borrowers in repayment and to an organization’s overall health. A panel of experts will discuss trends and successful strategies for default prevention, predictive modelling tools, resource allocation, and the value-add of EFC member collaboration.



Greg O’Coyne, Director of Finance, Midwestern University



Ken Ruggerio, Chairman & CEO, Goal Structured Solutions


Jared Teslow, Director, Head of Consulting, Data Science and Data, MeasureOne


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


11:15 a.m. – 12:15 p.m.

Does Your Capital Markets Plan Spark Joy?

This panel will explore a broad range of financial sustainability topics for NFP lending programs. A team of education loan finance veterans will discuss market opportunities for NFP lenders given their mission- and cost-based advantages; how NFP entities are employing capital and liquidity analyses to mine and maximize the capital needed to sustain their lending programs; the impact of emerging trends in the tax-exempt and taxable capital markets on loan program financing, cost of funds, and product competitiveness; and how ratings agency assumptions have contributed to unexpected issues in program administration and compliance with tax law.



D. Grant Carwile, Managing Director, S L Capital Strategies LLC



D. Grant Carwile, Managing Director, S L Capital Strategies LLC


Joseph Santoro, Director and Team Leader, Bank of America Merrill Lynch


Paul B. Sheldon, Managing Director, RBC Capital Markets


Tim Webb, Director, Hilltop Securities


12:15 p.m. – 1:15 p.m.



1:30 p.m. – 2:30 p.m.

Generation Z: The World Really is Flat

Today’s digital innovations enable Gen Z’ers to communicate with their peers instantly, breaking down the borders of continent and time zone. When comparing GenZ to their Millennial counterparts, it is important to note that while technology is a vital part of their lives, they also sometimes prefer in-person communication — so having many communication strategies is important. In this session, we will discuss communication strategies for GenZ and how they compare with their Millennial counterparts, as well as GenZ’s financial obstacle course needed to complete a four-year degree.



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



Judith Flink, Retired Executive Director of University Student Financial Services, University of Illinois and Senior Consultant, Flywire Education


2:30 p.m. – 3:30 p.m.

ISAs & Social Bonds Opportunities for Funding

ISAs and social bonds provide opportunities for nonprofit and state-based organizations and foundations to obtain financing for projects and programs. Social bonds, also known as pay-for-success financing, raise funds for new and existing projects with positive social outcomes. This session will examine opportunities available, under ISAs and pay-for-success financings, the pros and cons of each, and how they may work in the postsecondary education marketplace.



Trey Simon, President & CEO, South Carolina Student Loan Corporation



Bryan Ford Boroughs, Vice President & General Counsel, Institute for Child Success


Dowse Bradwell “Brad” Rustin, IV, Partner, Nelson Mullins Riley & Scarborough LLP


William Nelligan, Director, Policy and Strategic Initiatives, The Education Finance Institute


3:30 p.m. – 3:45 p.m.



3:45 p.m. – 4:45 p.m.

Marketing Trends and Strategies

Panelists will examine cost-effective and innovative ways organizations can market their products and services to increase their market share. Panelists will share their experience developing and executing digital and grassroots marketing strategies and will offer tips on how to leverage the nonprofit brand and how to use data to drive effective outreach.



Michele Streeter, Director of External Affairs & Communications, Education Finance Council



Jim Crick, Director, Special Markets, ACT NRCCUA


Patrick Kandianis, CEO & Co-Founder, Pay4Education


Alyssa Pascarella, Marketing Associate, Rhode Island Student Loan Authority


4:45 p.m. – 6:00 p.m.

EFC Reception


6:00 p.m. – 8:00 p.m.

EFC Dinner



Friday, March 15, 2019


7:30 a.m. – 10:00 a.m.



7:30 a.m. – 8:30 a.m.

Breakfast Buffet


8:30 a.m. – 9:00 a.m.

Consumer Financial Protection Bureau

The Consumer Financial Protection Bureau (CFPB) is under new leadership and has been in a state of flux. This session will provide an update on the state of play at the CFPB, including new initiatives and priorities.



Diana Barber, General Counsel, Kentucky Higher Education Student Loan Authority



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


9:00 a.m. – 10:00 a.m.

Pathways to the Workforce | Changing Perspectives on Postsecondary Education

As the nature of our work lives change, educational institutions and employers will need more flexible and relevant lifelong learning mechanisms to help workers move forward, re-tool, and advance their careers. More college or more graduate school is not necessarily the answer. Learners will continually need to access more flexible, seamless, and cost-effective learning pathways to keep up with the changing demands of the workforce. Dr. Weise will outline the transformation that needs to occur and reveal how the future of American prosperity depends on constantly harnessing the power of education throughout our working lives.



Jeanette W. Weldon, Executive Director, Connecticut Higher Education Supplemental Loan Authority



Michelle R. Weise, Ph.D., Senior Vice President, Workforce Strategies, Strada Education Network & Chief Innovation Officer, Strada Institute for the Future of Work


10:00 a.m. – 10:15 a.m.


10:15 a.m. – 11:15 a.m.

Federal and Regulatory Influences on the Future of Higher Education

2019 may be a year of change for higher education. The Democrats rule the House of Representatives and the Republicans have an increased majority in the Senate. The CFPB is under new leadership and the Department of Education/Federal Student Aid has seen significant staff turnover. This session will examine what is happening on Capitol Hill, particularly as it relates to the reauthorization of the Higher Education Act, and new and potential developments with bankruptcy and TCPA law.



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



John L. Culhane, Jr., Partner, Ballard Spahr LLP


Lee Foley, Managing Partner, Capitol Hill Partners


Oswaldo “Ozzie” J. Palomo, Managing Director, Chartwell Strategy Group


11:15 p.m.