UW-Madison’s Nicholas Hillman will be taking part in a panel discussion in Washington, D.C., on Wednesday, Feb. 21, titled, “Behind the Bumper Sticker: Risk-Sharing.” This event, which runs from noon to 1:30 p.m. eastern time, will be held in the U.S. Capitol Visitors Center and is designed to spur a conversation about risk-sharing proposals in anticipation of a Higher Education Act reauthorization. Hillman explains that “risk sharing,” in this context, is describing when students default on their student loan debt. Students’ credit scores are downgraded, they lose eligibility from other financial aid and they could even face wage garnishment. The colleges where these students obtained this debt have far fewer consequences when borrowers default. Because of this, Sen. Lamar Alexander has advocated for a “risk sharing” policy designed to penalize colleges with poor student loan repayment outcomes.