Gold Star Award

NASFAA's Gold Star Award recognizes innovative ideas in the financial aid arena at any level, targeted toward any constituency. This award is open to individuals working at NASFAA member institutions; member institutions; regional associations; and state associations. The Gold Star Award honors up to three ideas each year.

2020 Gold Star Award Winner

Florida Association of Student Financial Aid Administrators (FASFAA) – Clock Hour Workshop

FAFSAA LogoProject Objective

Clock Hour institutions are often left to their own devices when it comes to learning about how to administer financial aid. FASFAA has for many years conducted an annual clock-hour workshop focused on issues specific to financial aid at clock hour institutions and with clock hour programs. Our initiative this year was to be recognized as a national leader in the education of clock hour financial aid administrators and to draw attendance from institutions nationwide as a way to supplement the overall budget for our association, and to provide well needed training.

Executive Summary

Florida's financial aid administrators professional association, FASFAA, has long been known for offering training to clock hour financial aid administrators. This year, FASFAA embarked on a nationwide outreach effort to provide training and education to FAAs both within the state of Florida, and outside of our state. In total, we had 153 attendees at our three-day workshop (our largest registration ever) with 52 attendees from out of state (representing a total of 16 states).

Honorable Mention

University of South FloridaUniversity of South Florida - #bull2bullreduceyourdebtchallenge: A Peer-Based Financial Badging Program

Project Objective

The purpose of this program is to provide a comprehensive financial education co-curriculum badging program to help students build meaningful relationships with peer financial educators and measure financial competency through assessments and feedback. Students who take the challenge will be able to identify responsible borrowing techniques for their college expenses, create a basic money management plan, develop short-term and long-term personal financial goals, and identify the consequences of not making student loan payments. It is the goal of the program to improve students' financial self-efficacy so that they may feel empowered to make smart student loan borrowing decisions and prepare for a positive financial future.

Executive Summary

College debt is growing faster than a radioactive monster in a retro comic book. It lurks just out of sight, but it is always there, threatening to take money hostage now and in the future. KAPOW! Bull2Bull Financial Education Program is fighting back by joining forces with Zero the Loan Reduction Hero for the challenge, a co-curriculum "Super Hero" badging program. The mighty powerful Zero is on a mission to reduce student debt by teaching college students how to be smart loan borrowers. Within the program, students are encouraged to fight debt and leap over financial pitfalls by completing course modules on money management, credit building, investing, and student loan borrowing and repayment. Students have only one semester to complete the challenge by earning badges. Each badge gives them 1 entry into a $500 loan forgiveness drawing that is awarded at the end of Fall and Spring semesters. All participants in the program receive free Team Zero t-shirts and other prices. The challenge is dedicated to making a meaningful impact on student success by teaching money management concepts that will help students make smart financial decisions in the future.

Past Gold Star Award Winners

Publication Date: 6/3/2020

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