i would also like to acknowledge the charles and susan gessner for their generous support of today's program. we are grateful for all of those engagements.

i would also like to let -- to acknowledge the susan gessner for their generous support of today's program. we are grateful for all of those engagements. today, we will address a very important question -- is there a student debt crisis? in many of us are well aware of the ever-expanding student loan market and the latest estimates are that nearly 40 million americans are laden with $1.3 trillion worth of student debt. the borrowers is either in delinquency or default. last year's graduating class had in studentof $35,000 debt. the obama administration recently announced two policy presidential candidates have focused on a variety of alternatives of ways to lower the debt burdens. while today's seekers -- .peakers are two leading voices one was recently named special adviser to the u.s. department of education. he previously served as the assistant director of the consumer financial protection bureau. the secretary of treasury named him as the agencies first student loan investment. has frequently testified before congress on alleviating student debt burdens and private student loan perfor

i would also like to acknowledge the charles and susan gessner for their generous support of today's program. we are grateful for all of those engagements. today, we will address a very important question -- is there a student debt crisis? in many of us are well aware of the ever-expanding student loan market and the latest estimates are that nearly 40 million americans are laden with $1.3 trillion worth of student ebt. one in four of the borrowers is either in delinquency or default. last year's graduating class had an average of $35,000 in student ebt. those are striking numbers. the obama administration recently announced two policy changes and presidential candidates have focused on a variety of alternatives of ways to lower the debt burdens. today's speakers are two leading voices on student debt. rohit chopra was recently named special adviser to the u.s. department of education. he previously served as the assistant director of the consumer financial protection bureau. he led that agency's work on behalf of students and young consumers. the secretary of treasury named im as th