Date: Tuesday, January 21, 2014. 5:30 PM.
Location: Room 290, Stanford Law School
Federal student loan debt topped the $1 trillion mark this past year, prompting some regulators in Washington to declare the student loan market "too big to fail." Are high levels of student debt stifling the economic recovery, as borrowers are paying back loans rather than buying houses or starting businesses? Should changes be made to the bankruptcy code so that debtors can more easily rid themselves of student loans, as $180 billion in loans are in default or forbearance? Or are student loans the best investment we can make in promoting innovation and a strong economic future? What should the role be for private lenders versus government-backed loans in lending to students? The Rock Center for Corporate Governance and the Center on the Legal Profession have assembled a panel that includes the top student loan regulator at the Consumer Financial Protection Bureau; the founder of a new peer-to-peer lender that's funded $300 million in student loans backed by alumni; and a Stanford law professor who is an expert on bankruptcy and who has testified before the Senate Banking Committee on this issue. Panelists:Rohit Chopra, Student Loan Ombudsman and Assistant Director at the Consumer Financial Protection BureauMike Cagney, Co-Founder & CEO, SoFiMarcus Cole, Professor of Law, Stanford Law School Moderator:Dan Siciliano, Faculty Director, Rock Center for Corporate Governance and Professor of the Practice of Law, Stanford Law School Visit the event posting on the Stanford Law School calendar for full speaker and moderator profiles.
Location: Room 290, Stanford Law School
Federal student loan debt topped the $1 trillion mark this past year, prompting some regulators in Washington to declare the student loan market "too big to fail." Are high levels of student debt stifling the economic recovery, as borrowers are paying back loans rather than buying houses or starting businesses? Should changes be made to the bankruptcy code so that debtors can more easily rid themselves of student loans, as $180 billion in loans are in default or forbearance? Or are student loans the best investment we can make in promoting innovation and a strong economic future? What should the role be for private lenders versus government-backed loans in lending to students? The Rock Center for Corporate Governance and the Center on the Legal Profession have assembled a panel that includes the top student loan regulator at the Consumer Financial Protection Bureau; the founder of a new peer-to-peer lender that's funded $300 million in student loans backed by alumni; and a Stanford law professor who is an expert on bankruptcy and who has testified before the Senate Banking Committee on this issue. Panelists:Rohit Chopra, Student Loan Ombudsman and Assistant Director at the Consumer Financial Protection BureauMike Cagney, Co-Founder & CEO, SoFiMarcus Cole, Professor of Law, Stanford Law School Moderator:Dan Siciliano, Faculty Director, Rock Center for Corporate Governance and Professor of the Practice of Law, Stanford Law School Visit the event posting on the Stanford Law School calendar for full speaker and moderator profiles.