Graduation mortarboard with text on it My $105,000 Hat.

The Student Loan Crisis — November’s Education First Compact Event

By Allison Kelsey Posted: October 17, 2022

Over their lifetime, a college graduate will earn an average of $1 million more than a high school graduate. This fact continues to make a college education a solid investment for many but seemingly not for all. During any given year, as many as one million borrowers default on their student loans and another six million are working to repay $2 trillion in college debt.

In an effort to bring relief, the Biden Administration announced its decision to forgive up to $20,000 in college loan debt for millions of eligible borrowers. Whether you think the action went too far or didn’t go far enough is not at issue at this month’s Education First Compact. Instead, we ask the question: What are the “hidden factors” that give rise to America’s student loan crisis?

In what ways do concepts like college fit, postsecondary completion rates, enrollment management, and satisfactory academic progress play into student indebtedness? What are colleges and universities doing to address mounting tuition costs and program fees? How are institutions reducing debt burdens by reimagining non-credit remedial coursework?

Come and engage with this topic alongside our panel of local, statewide, and national experts at this month’s Ed Compact!

Thursday, November 3, 2022 | 7:45 to 9:45 AM

Sara Goldrick-Rab, Founder, The Hope Center for College and best-selling author of Paying the Price: College Costs and the Betrayal of the American Dream

Madeline Birkner, Senior Manager, Persistence and College Partnerships, Philadelphia Education Fund

Farah Jimenez, President and CEO, Philadelphia Education Fund

Program Schedule
7:45 – 8:00am Networking
8:00 – 8:10am Welcome
8:10 – 9:10am Panel Discussion
9:10 – 9:45am Moderated Q & A

Philadelphia Education Fund
718 Arch St, Suite 700N
Philadelphia PA 19106

Ed Compacts are free to attend, thanks to sponsors and subscribers, but you must register.