NASFAA In the News

  • Enforcement Evolution
    February 10, 2016 - "Borrower advocates are praising the Education Department’s new Student Aid Enforcement Unit, but they’re not optimistic about the prospects of Congress approving an accompanying $13.6 million budget request," POLITICO's Morning Education...
  • Jenerette Selected to NASFAA Board
    February 9, 2016 - "In the ever-changing world of federal financial aid for college students, Cedarville University is in position to be one of the leaders that will help shape the future of financial aid. Kim Jenerette, executive director of financial aid and a 1983 C...
  • Opinion: Need To Slash Student Debt? Watch Out For Ripoffs
    February 5, 2016 - "Who would have thought you could run into a land mine of rip-offs just trying to find a way to slash a few bucks off your student loan payment each month? Borrower beware," Susan Torpor writes in a column for The Detroit Free-Press. "The National As...
  • When Colleges Slash Tuition, Some Students Actually Pay More
    February 3, 2016 - "As Americans agonize over spiraling tuition costs, Converse College seemed a beacon of hope when it slashed its advertised tuition by a whopping 43 percent," according to The Hechinger Report. NASFAA's Karen McCarthy is quoted in the article.
  • Higher Ed Overhaul Unlikely in 2016
    February 2, 2016 - "Out on the presidential campaign trail, 2016 is shaping up to be a big year for higher education issues. But in the U.S. Congress, the prospect that lawmakers will take up, much less pass, a much-anticipated and already overdue overhaul of federal h...
  • Mandatory Counseling Needed Through Life Of Student Loan, Report Says
    January 27, 2016 - "Congress should allow institutions to mandate counseling throughout the life of a student loan says a report from TG Research and Analytics Services,"Financial Advisor reports. NASFAA collaborated on the report with TG.
  • 3 Things to Know About Net Price Calculators
    January 21, 2016 - "For many students and parents, college enrollment decisions come down to cost. That's why the federal government requires every college and university that offers federal student aid to have an online net price calculator," according to NerdWallet. ...
  • 5 Crunch-Time Tips for Filing Student Aid FAFSA Forms
    January 14, 2016 - "We're looking at a quirky new year for financial aid applications for college. Parents and students face the prospect of filing two FAFSAs in 2016.  Yes, two times the bury-your-head-in-paperwork fun in one year," ...
  • Joseph Sciame Works Hard To Help Others, Appreciates His Many Blessings
    January 4, 2016 - In an interview with the National Catholic Reporter, Vice President for Community Relations at St. John's University Joseph Sciame discussed his career path and recent Knighthood in the Order of Pope St. Sylvester. Sciame served as NASFAA Nation...
  • 10 College Finance Tips for 2016
    December 25, 2015 - "Whether you're sending your child to college for the 1st time in fall 2016, are in the thick of determining how to pay for the next year of education, or you're getting a head start on the 2017 academic year, some tweaks to the system could make col...
  • ECC Trustees Approve Policy
    December 18, 2015 - "East Central College trustees approved a financial aid code of conduct at their December board meeting," eMissourian.com reports. "The code consists primarily of best practices identified by the National Association of Student Financial Aid Administ...
  • Wisconsin: Playing the Aid Game
    December 18, 2015 - "Leaders at the University of Wisconsin at Madison have come to terms with a paradigm they find a little unpalatable: the institution needs to up its non-need-based aid if it’s going to be competitive with its peers, they say," according to&nbs...
  • Prior-Prior Priorities
    December 16, 2015 - "Several groups are issuing an 'open letter to the education community,' applauding the Obama administration for switching to prior-prior-year income information on the FAFSA," Politico Pro's Morning Education reports.
  • California: Rep. Chu Introduces Bill to Restart Federal Loan Support for Grad Students
    December 16, 2015 - "[On December 10], Rep. Judy Chu (CA-27) introduced the Protecting Our Students by Terminating Graduate Rates that Add to Debt (POST GRAD) Act," Pasadena Now reports. NASFAA is listed in the article as an endorser of the bill.
  • Perkins Loan Program Would Return From the Dead Under Senate Legislation
    December 16, 2015 - "The Federal Perkins Loan Program, which died nearly three months ago, may be brought back to life — in altered form," The Chronicle of Higher Education reports. "In a blog post on Tuesday, the National Association of Student Financial Aid Admi...
  • Bipartisan Senate Bill Would Revive Perkins for Two Years
    December 16, 2015 - "A bipartisan Senate bill that sources say could drop as soon as Wednesday would revive the Federal Perkins Loan program for another two years," Politico Pro reports. "Officials from the National Association of Student Financial Aid Administrators ha...
  • On the Table Yet Again: Proposals to Simplify FAFSA
    December 8, 2015 - "The form that millions of students use to apply for financial aid for college — and that many others never bother to fill out because it’s so complicated — could get easier to use if it shed a few questions and allowed students and...
  • Update on Proposed Amendments to the Borrower Defense to Repayment Rule
    November 24, 2015 - "The U.S. Department of Education (“USDE”) is continuing to move forward with issuing new regulations regarding the “Borrower Defense to Repayment Rule” (“BDRR”). The BDRR concerns the ability of a Direct Loan borr...
  • Federal Student Aid Office Calls Failure A Success -- And Hands Out Big Bonuses
    November 20, 2015 - "In 1998, the Republican-led Congress and President Bill Clinton's Democratic administration decided to give the U.S. Department of Education's financial aid office more freedom to run the student loan program in exchange for it committing to measura...
  • Perkins Loans Discontinued In New Fiscal Year, Pell Grant Protected
    November 20, 2015 - "As the 2016 fiscal year begins, students may have to search elsewhere for financial aid as one particular program comes to an end," the Northwest Missourian reports. "According to the National Association of Student Aid Administrators in the 2015 Na...
  • Critics Blast Federal Agency For Shoddy Oversight Of College Loans
    November 20, 2015 - "Lax oversight and poor communication have beset a little-known federal agency charged with managing the federal student aid program, several witnesses testified Wednesday at a Congressional hearing," according to The Hechinger Report. NASFAA Preside...
  • The 40 Most Affordable Colleges for Low-Income Students
    November 19, 2015 - "Nearly every college claims to be 'affordable,' but which ones really are?" Time's Money asks. "The U.S. Department of Education’s financial aid formula does assume that many families earning more than about $30,000 can contribute to their chi...
  • Financial Arm Of The Department Of Education Falling Down On The Job, Watchdog Says
    November 19, 2015 - "Government watchdogs skewered the financial arm of the Department of Education on Wednesday for sloppy communication with contractors, colleges and borrowers, raising concerns about the division’s ability to manage more than $1 trillion in fed...
  • Ed Dept. in the Hot Seat
    November 19, 2015 - "A top Education Department official was on the defensive Wednesday, responding to a wide range of criticisms from congressional lawmakers and government watchdogs about the department’s management of the federal student aid system," Insid...
  • 3 Ways the Education Dept. Stands Accused of Mismanaging Student Aid
    November 19, 2015 - "The Education Department got hit from all sides at a congressional hearing Wednesday, with lawmakers, advocates, and investigators alike accusing the agency of everything from lax oversight to poor customer service," The Chronicle of Higher Edu...
  • Start Student Loan Repayments On The Right Path
    November 16, 2015 - "Grace season is coming to an end. No, this has nothing to do with the holidays. For millions of college graduates from the class of 2015, the end of grace season means this month or next they will be making their first required federal student loan ...
  • Missouri: East Central College Drafts Financial Aid Code of Ethics
    November 16, 2015 - "East Central College trustees last week took the first look at a proposed financial aid code of conduct related to the administration of the college's financial aid programs," The Missourian reports. "In a memo to the board, [ECC President Dr. Jon B...
  • The Higher Education Act Just Turned 50. Has It Done What It Was Supposed To?
    November 10, 2015 - "Fifty years ago Sunday, in a ceremony at his alma mater, Southwest Texas State College, President Lyndon Johnson signed the Higher Education Act of 1965 into law," according to The Chronicle of Higher Education. NASFAA President Justin Draeger is qu...
  • Waiting to Hear on Waiver Renewals?; Possible Pitfall for Pell Experiment
    November 2, 2015 - "As I reported Friday, the Education Department’s latest experimental site aims to help students graduate from college more quickly and cheaply by letting high schoolers use Pell grants to pay for dual enrollment courses. It’s an idea tha...
  • Promise and Compromise: A Closer Look at Payroll Withholding for Federal Student Loans
    October 29, 2015 - "New America’s Education Policy Program today released Promise and Compromise: A Closer Look at Payroll Withholding for Federal Student Loans, the second in a series of briefs examining the case for and against automatic income-based student lo...
  • Paying Off Student Debt Is About To Get Easier For 5 Million Borrowers
    October 28, 2015 - "The Obama administration rolled out two new rules Tuesday that will make it harder for schools to force students to use prepaid debit cards and give 5 million more college graduates the ability to enroll in income-based repayment plans," Yahoo! Fina...
  • Pennsylvania: Lincoln University Grows Enrollment, Bucks Trend
    October 27, 2015 - "Lincoln University has grown its enrollment this semester following a four-year slide," The Philadelphia Tribune reports. NASFAA is mentioned in the article.
  • Opinion: Proposed Regulations Could Hurt Students and Put Strain on Colleges
    October 23, 2015 - "The U.S. Department of Education recently released a proposed rule that turns back the clock on the disbursement of federal financial aid refunds to students to a time when the process was slow, costly, vulnerable to fraud and burdensome. Schools, s...
  • Top Colleges Doing the Most for Low-income Students
    October 23, 2015 - "While it won't help high school seniors who are busy applying to colleges now, changes coming to the college financial aid process should allow families sending students to college in 2017 to estimate sooner how much money it will cost them," t...
  • Change is Coming to Free Application for Federal Student Aid (FAFSA) in Next Few Months
    October 19, 2015 - "The Free Application for Federal Student Aid (FAFSA) will be undergoing significant changes by 2016," according to iSchoolGuide. "As said by the Managing Director of Policy and Federal Relations under the National Association of Student Financial Ai...
  • Illinois: Students May Not Be Taking Full Advantage Of Loan Repayment Options
    October 14, 2015 - "The U.S. Department of Education could do more to make sure college students are aware of their options in repaying loans, an August Government Accountability Office (GAO) report found," The Daily Illini reports. "Dan Mann, director of the Office of...
  • 3 Changes to the FAFSA for College Students to Understand
    October 14, 2015 - "Some important changes are coming to the Free Application for Federal Student Aid next year, but Joseph Orsolini, a college financial aid adviser in the Chicago area, hasn't fielded many questions from parents," according to U.S. News & World Re...
  • 7 Things Colleges Do to Help You Pay Your Student Loan Debt
    October 9, 2015 - "If you’re one of the millions of Americans with federal student loan debt, you might remember going through loan counseling — once before you received the loans and once when you were leaving school, about to repay them. Then again, perh...
  • How FAFSA’s New Reliance on Older Tax Data Could Affect Colleges
    October 9, 2015 - "The change to the federal student-aid application process that the Obama Administration announced last month may at first sound arcane. Students will be able to apply earlier for aid, and use older tax data, a practice with the requisite wonky name ...
  • Perkins Proponents Look Ahead
    October 2, 2015 - "Federal Perkins Loan Program advocates couldn’t overcome opposition to avoid a lapse this week, but don’t expect them to give up," according to Politico. "The Coalition of Higher Education Assistance Organizations 'absolutely believes t...
  • Indiana: Changes Come To Financial Aid System
    October 1, 2015 - "Submitting a Free Application for Federal Student Aid will never be the same once the 2017-18 financial aid applications roll out late next year," according to the Indiana Daily Student. "The goal [of prior-prior year] is for fewer students to be le...
  • Parent PLUS Loans: What You Need To Know Before You Apply
    September 29, 2015 - "While we wait for the dust to settle on the Department of Education student loan default releases this week, Black Engineer brings you insights from the organization representing 300,000 students attending America's 47 publicly supported historicall...
  • The Scramble To Save An Aging Student Aid Program
    September 28, 2015 - "A bipartisan coalition in Congress is working to save a federal loan program for the neediest college students that is set to end next week. But some education experts and lawmakers say it may be time to let the Federal Perkins Loan Program die," Th...
  • FAFSA Rules To Change
    September 25, 2015 - "... Last week, President Barack Obama announced that, starting next year, students will be able to apply for loans and scholarships through the FAFSA as early as October, instead of the current date of Jan. 1," the Minnesota Daily reports. NASFAA's ...
  • Study Highlights Federal Student Loan Counseling Best Practices; Is There a Business Opportunity for Collectors?
    September 24, 2015 - "Driven in part by underutilization of income-driven repayment plans and elevated federal default rates, TG, in consultation with the National Association of Student Financial Aid Administrators (NASFAA), conducted a study on the efficacy of federal ...
  • Changes To FAFSA Facilitate Application Process
    September 22, 2015 - "Students around the country will soon benefit from what U.S. Secretary of Education Arne Duncan called an earlier and easier Free Application for Federal Student Aid, according to a Sept. 13 White House announcement on the change," The Daily Princet...
  • Obama's New Federal Financial Aid Rules Allow Earlier Applications
    September 15, 2015 - "President Barack Obama is announcing some changes to the notoriously difficult process students and families must go through in applying for federal financial aid, using the Free Application for Federal Student Aid, or FAFSA," Education Week's Polit...
  • Obama’s Higher Ed Blitz
    September 15, 2015 - "The White House made two higher education announcements over the weekend, and you can expect to hear more on higher ed today as U.S. Education Secretary Arne Duncan embarks on his annual bus tour," according to Politico's Morning Education. "The act...
  • Feds Moving Up College Loan Form Schedule To Ease Aid
    September 15, 2015 - "Federal officials are making it easier for students and their families to apply for federal loans and grants for college, allowing them to complete the forms starting in October, rather than January," The Detroit News reports. "The White House says ...
  • It’s About To Get Easier For Students To Figure Out Which Colleges They Can Afford
    September 15, 2015 - "College-bound students will be able to get earlier estimates of their eligibility for federal grants and loans next fall as the White House moves to simplify the way the government determines financial aid," The Washington Post reports. "Lettin...
  • The Obama Administration Is Making It Easier For Students To Apply For Financial Aid
    September 15, 2015 - "Applying for federal financial aid can often mean a serious time crunch. Students must file their taxes for the previous year in order to know how much help they'll get. But taxes aren't due until April 15 — and many colleges expect students t...
  • Obama Executive Order Requires Use Of Earlier Tax Returns On College Aid Forms
    September 15, 2015 - "Families should be able to estimate sooner how much they'll need to come up with to send students to college under a change President Barack Obama announced Monday," Investment News reports. "'It is a single change that will create a ripple of posit...
  • Obama Makes College Aid Application Earlier And Easier
    September 15, 2015 - "There is big news today for prospective college students and their parents. It comes from Education Secretary Arne Duncan, who is in Iowa with President Obama for his annual Back to School Bus Tour," according to NPR. "'It's really a win-win for eve...
  • Why the Neediest Students Don’t Get Financial Aid
    September 10, 2015 - "When Mitchell Generette filed the FAFSA as part of his application to the University of Baltimore, he thought he had completed it successfully. Now a 24-year-old rising sophomore at UB, Generette had previously been a student at St. Mary’s Col...
  • Final Days For Perkins?
    September 9, 2015 - "The clock is running out on a $1 billion, 57-year-old student loan program that helps the very poor," according to Politico's Morning Education. "'You could expand and extend Perkins, and that could be the risk-sharing portion of HEA,' said Justin D...
  • Changes Forecast for Federal College-Aid Form
    September 9, 2015 - "As calls to simplify the student financial aid process intensify and gain bipartisan support, advocates are hopeful that changes are coming to help more qualified students get through college who couldn’t otherwise afford it," Education Week r...
  • Fears About Rising College Costs Present An Opportunity For Advisers
    September 8, 2015 - "The burgeoning cost of college isn't just a strain for low and middle-income families. Affluent Americans are wrestling with how to pay for higher education, too," Investment News reports. "'Even wealthy people are struggling to save enough money to...
  • Everyone’s Talking About Simplifying the Fafsa. Here’s What You Need to Know.
    September 8, 2015 - "The movement to simplify the Free Application for Federal Student Aid is trending. Well, maybe not literally — although Bill Gates himself did take to Twitter last month to spread the message to his 24.4 million followers," according to The Ch...
  • Looming Battle Over Perkins Loans
    September 3, 2015 - "Colleges and universities are ramping up their efforts to preserve a federal student loan program that some congressional Republicans are eyeing for elimination in the next several weeks," Inside Higher Ed reports. "The Perkins loan programs gives c...
  • NASFAA President Defends Perkins Loans Amid Calls for Accountability
    September 2, 2015 - In an article on NASFAA President Justin Draeger's "Calls for 'Skin-In-The-Game' in Higher Education Ignore an Existing, Effective Program" op-ed, originally published by The Hill, Education Dive's "Dive Brief" provides some takeaways: "Di...
  • Op-Ed: Calls for 'Skin-In-The-Game' in Higher Education Ignore an Existing, Effective Program
    August 31, 2015 - "Legislative proposals that work at cross-purposes are nothing new, but watching the latest Higher Education Act reauthorization discussions might cause a serious case of whiplash among even seasoned political spectators,” writes NASFAA Preside...
  • 4 College Funding Sources – and How Can They Affect Financial Aid
    August 27, 2015 - "Parents of college-bound students may fret about the amount of money they've saved for college. But the type of investments they choose also factor into deciding how much financial aid their child will get for school," according to U.S. News & W...
  • Yay! Now Only 1 In 5 Student Loan Borrowers Are Behind
    August 21, 2015 - "The percentage of federal student loan debtors who are behind on their payments, while still shockingly high, is declining, the U.S. Department of Education reported today," Time Money reports. "'Declining delinquencies are a good thing,' said Justi...
  • Cost Of Attendance Results: The Chase To Legally Pay College Players
    August 21, 2015 - "Football Bowl Subdivision (FBS) schools are budgeting more than $73 million for new cost of attendance expenses that range from under $1,000 per scholarship to more than $6,000, according to a CBS Sports survey examining the costs of the additional ...
  • Senator Menendez Proposes Law To Support Student Loan Transparency
    August 15, 2015 - "New Jersey Senator Robert Menendez, senior member of the Senate Banking Committee, has cosponsored legislation that provides better financial protections for those taking out student loans and their co-signers in the event of injury or death," the N...
  • This Man Is A Harvard-Educated Lawyer — He's Homeless, Too
    August 7, 2015 - "Alfred Postell is a Harvard-educated lawyer. He’s also chronically homeless. The Washington Post ran a story about Postell, chronicling his life from childhood through law school, when he was a classmate of Chief Justice John Roberts, and up t...
  • One-Size-Fits-All, 108-Question Financial Aid Form Has To Go
    August 5, 2015 - "Concerned that a bill from two United States senators proposing the use of as few as two questions to determine financial eligibility for college will gain traction, a national organization of financial aid professionals has presented an alternative...
  • Group Holds Seminar To Discuss If Student Debt Has Grown Into ‘Crisis’ Status
    August 3, 2015 - "Attracting nearly 3,000 financial aid professionals, the National Association of Student Financial Aid Administration (NASFAA) gathered to host a series of seminars, including a debate on whether student debt has grown to be classified as a crisis,"...
  • Federal Subsidized Student Loans To Affluent Families Nearly Tripled In 4 Years
    July 31, 2015 - "Federal subsidized student loans to higher income families nearly tripled in the four years after the start of the recession, according to a report issued this week by the National Association of Student Financial Aid Administrators," according to F...
  • Financial Aid Professionals Propose Three Paths for FAFSA Forms
    July 31, 2015 - "Although many proposals have been floating around Washington to simplify the Free Application for Student Financial Aid, professionals who deal with campus financial aid programs believe they have found a solution that strikes just the right balance...
  • Experts Debate Whether Student Loans Are A Crisis For Students And The Economy
    July 31, 2015 - "Brown Center Fellow Beth Akers recently participated in a lively debate over the controversial motion, 'student loans are a crisis for students and the economy,' at the National Association of Student Financial Aid Administrators (NASFAA) annual con...
  • National Student Financial Aid Profile Finds Dramatic Increase in Need
    July 29, 2015 - "The number of students applying for federal financial aid grew 62 percent over five years, from 19 million in 2007-2008 to 31 million in 2011-2012. As Congress debates reauthorization of the Higher Education Act, a national organization of financial...
  • Indiana University Used This One Weird Trick To Cut Student Debt
    July 28, 2015 - "Students are graduating with more debt than ever before: about $33,000 for the average four-year college graduate with loans in the class of 2014. Indiana University, though, found a simple way to get students to borrow less: telling them how much t...
  • Facing More Regulations, Aid Offices Struggle to Serve Students
    July 22, 2015 - "Like many campus offices, financial aid is doing more with less. The pattern looks like this: More students are applying for aid, and more aid is being awarded, but aid offices’ operating budgets are flat, according to a report released t...
  • Experts Debate The Merits Of Calling Student Debt A ‘Crisis’
    July 22, 2015 - "Is student debt a 'crisis'? It depends on who you ask and who you’re talking about. That was one of the main takeaways from a live debate between experts here about the appropriate way to portray the nation’s $1.2 trillion student debt p...
  • Student Debt Protesters Disrupt Student Financial-Aid Parade
    July 22, 2015 - "A group of student protesters disrupted a parade of student financial-aid administrators on Monday in New Orleans, demanding that a college education should be free of all costs for everyone," The Daily Caller reported.
  • What This CSI Star And Barack Obama Have In Common
    July 21, 2015 - "Without student loan debt, Hill Harper may have never appeared in nearly 200 episodes of CSI:NY or invested in a hotel here, and he certainly wouldn’t have met a young then-Harvard law student named Barack Obama," Marketwatch reports. "Harper ...
  • Strike Debt: Occupy Offshoot Fights for Students at New Orleans Parade
    July 21, 2015 - "It has been almost four years since the Occupy movement came to life in Zuccotti Park, at the heart of Wall Street. Today the park has been reclaimed by tourists, bankers and traders, and the Occupy movement seems to be just a footnote in the histor...
  • Advocates for Debt-Free College Crash Financial Aid Conference
    July 21, 2015 - "As a self-described 'financial aid geek,' Dawn Lueck rarely missed a gathering of her colleagues in the more than 12 years she worked in the financial aid offices at for-profit schools," MarketWatch reports. "But this week Lueck, 34, travelled ...
  • The US Government’s Predatory-Lending Program
    June 19, 2015 - "The fast-growing federal program known as Parent PLUS now serves 3.2 million borrowers, who have racked up $65 billion in debt helping their kids go to school," Politico reports. "'We definitely support new underwriting standards. Parents are gettin...
  • Full Cost Of Attendance Will Benefit Student-Athletes, But Raises Questions From Many
    June 13, 2015 - "... Scholarship athletes such as Drango, who will enroll in graduate-level courses this fall, and his roommates will get a boost starting in the upcoming school year as they will start receiving full cost of attendance benefits as part of NCAA’s new...
  • Overseeing The Outsourced
    June 8, 2015 - "Colleges in recent years have increasingly turned to outside companies to manage parts of the financial aid process and provide other services to students. And the boom in outsourcing now has federal regulators racing to keep up," Inside Higher Ed r...
  • Opinion: The Work-Study Dilemma: Is The Money Worth The Time?
    June 3, 2015 - "While work-study provides many students with the opportunity to afford college and gain working experience, Martinez’s situation demonstrates a paradox of the program: while it grants students 'the college experience,' it can also detract from it," ...
  • Opinion: Paying For College Is Parents' Responsibility
    June 1, 2015 - Bankrate asked: "Should students be asked to pay for their college education? Should parents be expected to foot the bill?" NASFAA President Justin Draeger penned the following viewpoint.
  • SEC Coaches Are Increasingly Skeptical Of Cost Of Attendance Figures
    May 29, 2015 - "By nature, football coaches can be a distrusting group of people. Now multiply that 10-fold in the SEC, throw in new money for players that in some cases will differ by a couple thousand dollars between schools, and you get skeptical SEC eyes over c...
  • 3 Tips for Securing Student Loan Forgiveness
    May 28, 2015 - "...About 36,000 students have failed to meet the requirements since the [TEACH grant] program's launch and an estimated 75 percent won't complete the necessary steps in the future, according to the U.S. Government Accountability Office. ...With numb...
  • 3 Myths About 529 Benefit Plans
    May 26, 2015 - "...Many myths circulate about the impact of 529 savings plans on a person’s ability to receive financial aid or attend certain colleges," Employee Benefit News reports. "The National Association of Student Financial Aid Administrators attempts to de...
  • 529 Plans Can Help You Save For College, So Let’s Get Started With The Basics
    May 26, 2015 - "There is a lot you need to know about your finances. So, I’m giving you a pass if you don’t know what a 529 plan is. And many of you don’t, according to a recent survey by Edward Jones Investments," Michelle Singletary writes for The Washington Post...
  • Commentary: 5/29 Is An Important Date For College Savings Accounts
    May 26, 2015 - "Friday is May 29, expressed in analog as 5/29. Each year the National Association of Student Financial Aid Administrators and other groups use the date to educate students and families on the various methods of paying for a college education," Georg...
  • NASFAA Work Will Help Clarify Award Letters
    May 19, 2015 - "NASFAA’s Statement of Ethical Principles supports transparency and clarity and full disclosure on award letters to help educate students and families," The National College Access Network (NCAN) writes.
  • CFPB Holds A Field Hearing On Student Loan Servicing Issues
    May 19, 2015 - "On May 14th, the same day that the CFPB launched a public inquiry into student loan servicing loan practices (the 'Request for Information'), the CFPB held a public field hearing in Milwaukee, Wisconsin to address issues with the student loan servic...
  • A Student Loan Primer For The Most Indebted Class In History
    May 15, 2015 - "Repayment options change, so keep abreast of new developments, says Megan McClean, managing director of policy and federal relations at the National Association of Student Financial Aid Administrators, a professional group in Washington," The Boston...
  • As Concern Over Student-Loan Servicers Grows, A Watchdog Steps Up Scrutiny
    May 14, 2015 - "The nation’s top consumer watchdog is stepping up its oversight of student-loan servicers, the agency announced on Thursday. ... In February the National Association of Student Financial Aid Administrators issued a report recommending ways to improv...
  • New Congressional Caucus Champions HBCUs
    May 12, 2015 - "According to data from the National Association of Student Financial Aid Administrators, enrollment at HBCUs fell 3.4 percent for fall 2012,"The New Tri-State Defender reports.
  • A Way To Pay For College That Doesn’t Involve Borrowing Money
    May 12, 2015 - "San Jose State is one of many schools that offer monthly payment plans that let students spread out the cost of school over the fall and spring semesters. ... 'It’s a way to make college affordable and help families budget their funds, but you have ...
  • Roundup: Applicants Face Confusing Financial Aid Letters; LA Offers Teachers Workforce Housing
    May 8, 2015 - "Now, a task force convened by the National Association of Student Financial Aid Administrators is urging colleges to simplify the way they notify families about financial-aid offers," The Seattle Times reports.
  • Implement Best Practices for Helping Students Understand, Manage Debt
    May 7, 2015 - "Understanding indebtedness is a shared partnership between the students and the institution, said Jesse O’Connell, assistant director for federal relations for the National Association of Student Financial Aid Administrators," Enrollment Management ...
  • One Easy Fix That Could Make College Financial Aid Simpler And Better
    May 7, 2015 - "In a new paper, the National Association of Student Financial Aid Administrators says students and families would be much better off if the federal government allowed them to fill out the Free Application for Federal Student Aid (FAFSA) the Septembe...
  • Confusing Financial Aid Letters Leave Students, Parents Adrift
    May 7, 2015 - "It was three years ago that a task force on this topic set up by the National Association of Student Financial Aid Administrators, or NASFAA, urged changes to financial aid notifications, saying that 'a well-presented, easy-to-understand financial a...
  • The Pros And Cons Of 'Prior-Prior Year' Data
    May 7, 2015 - "The advantages of allowing families using prior-prior year income data on federal financial aid applications far outweigh the concerns, the National Association of Student Financial Aid Administrators says in a new report," POLITICO Pro re...
  • Schools Spend Nearly 1,000,000 Hours Complying With IPEDS. Let’s Cut That By 2/3!
    May 5, 2015 - "Perhaps this is why such a broad coalition of institutional associations support a student unit record system. ... Also included in the list of supporters are many of the front-line workers who face burden on a day-to-day basis: the National Associa...
  • Financial Aid: It’s Not Too Late
    May 2, 2015 - "Some free aid still is up for grabs, including scholarships from nonprofits, banks and others. There also are lower-cost alternatives to traditional college loans, including payment plans that don't charge interest," The Wall Street Journal reports,...
  • Video: College Students Turn To Crowdfunding To Pay High Tuition Costs
    May 1, 2015 - "Rather than taking out huge loans, some are finding creative new ways to own their futures," including using Crowdfunding sites like GoFundMe, NBC Nightly News reports. "A good rule of thumb for a student is they shouldn't take out more in loan debt...
  • Knock-On Effects Of PLUS Loan Changes At Historically Black Colleges
    April 24, 2015 - "April is almost over. But one issue that grabbed headlines during National Financial Literacy Month is the recently released Department of Education (DOE) report on the tightened credit standards for the PLUS Loan," USBE Online reports. "Writing in ...
  • How To Appeal College Financial Aid Offers
    April 24, 2015 - "By now, most prospective college students have received their letters of acceptance and are weighing their financial aid packages. But what if the financial aid offer at your preferred school isn’t what you had hoped?" The New York Times asks. "'The...
  • Navigating The Thickets Of Student Loan Counseling
    April 24, 2015 - "As a former student loan borrower himself, President Obama has more than a passing familiarity with the complexities of higher education finance. But in a little-noticed bit of comment last year in an interview with David Karp, the founder of Tumblr...
  • Financial Aid Offices Burdened With Compliance, Seek Federal Relief
    April 23, 2015 - "Paperwork related to regulation is impairing the ability of financial aid staff to help college students," Campus Technology reports. "That's the conclusion in a report aptly named, '2015 Administrative Burden Survey,' produced by the National Assoc...
  • Financial-Aid Offices Continue To Experience Resource Shortages
    April 22, 2015 - "Following up on a similar effort several years back, the [National Association of Student Financial Aid Administrators] surveyed its members to determine the resource shortages they face, the causes of those shortages, and their impact on students,"...
  • Campuses: Fix Financial Aid Regs
    April 22, 2015 - "In 2010, a National Association of Student Financial Aid Administrators study revealed that campuses were struggling from a shortage of resources due to a greater compliance workload — and student support services were suffering as a result. A new f...
  • Financial Education Fix For Student Loan Crisis
    April 20, 2015 - "A new study conducted by TG, the nonprofit organization I lead, and the National Association of Student Financial Aid Administrators has identified two key problems with the existing student counseling program," James Patterson, president and CEO of...
  • How Colleges Are Squeezing Students On Financial Aid
    April 17, 2015 - "'The numbers are what they are, but there are so many reasons why it might be happening,' said Megan McClean, managing director of policy and federal relations at the National Association of Student Financial Aid Administrators," according to The He...
  • A Graduate Degree That Really Does Pay Off
    April 13, 2015 - "'It's always better to go to federal loans first because of their protections, like income-contingent payment plans or the potential for loan forgiveness if you work in public service,' says Justin Draeger, president of the National Association of S...
  • Does FAFSA.com Con Its Way Into The Wallets Of The Uninitiated?
    April 10, 2015 - "The National Association of Student Financial Aid Administrators (www.nasfaa.org) has FAFSA worksheets and other information on its Website," MainStreet reports.
  • The Feds Can Make This Change Today and Help Students Better Afford College Tomorrow -- So Why Haven't They?
    April 9, 2015 - "What if, with just one small change, we could give families an earlier estimate of college costs, reduce the need for duplicative updates of financial aid applications, and alleviate some of the administrative burden on schools so staff have more ti...
  • It’s Fafsa Season, And A New Crop Of High Schoolers Is Discovering Its Complexity
    April 8, 2015 - "It’s the final Fafsa workshop at H.D. Woodson High School in Northeast Washington, and Charles Coleman is bent over a computer in a room lined with college pennants, filling out the federal application for student aid," The Chronicle of Higher Educa...
  • Meet The People Who Will Maximize Your Financial Aid — For A Fee
    April 7, 2015 - "April can be a month of disappointment for many prospective college students. There are, of course, those thin envelopes that come in the mail signaling rejection, but there’s also another kind of letdown: finding out you got into a school and reali...
  • 7 Ways To Maximize College Financial Aid
    April 3, 2015 - "As if college applications weren't stressful enough, students readying for college face another nerve-wracking challenge: finding financial aid," NBC Bay Area reports. "Justin Draeger, the president of the National Association of Student Financial A...
  • Does Counseling Help With College?
    April 1, 2015 - "A proliferation of student loan counseling mandates handed down by Congress over the last 30 years may be hampering students’ abilities to understand and retain the information, the report from TG and the National Association of Student Financial Ai...
  • 7 Questions Every College Student Should Ask About Financial Aid
    April 1, 2015 - "Paying for college can be more stressful than getting into college — and the way schools explain their aid packages doesn't always help," Vox reports. "Don't tackle student loan debt on a year-to-year basis, says Justin Draeger, president of the Nat...
  • ‘Risk Sharing’ Is All The Rage. Is It A Good Idea?
    April 1, 2015 - "'Risk sharing' — the idea that colleges should bear some of the cost when their students default on federal loans — is catching on in Congress," The Chronicle of Higher Education reports. NASFAA President Justin Draeger "said there’s an easier way t...
  • Financial Aid Forms Come Under Scrutiny
    March 30, 2015 - "As the federal deadline for the Free Application for Federal Student Aid approaches — a form that students must complete in order to determine their eligibility for financial assistance — efforts have increased to guide students through the often ar...
  • Many Teach Grants Turn Into Loans; Report Asks Department To Find Out Why
    March 27, 2015 - "The fact that so many [TEACH] grants convert to loans is one reason many colleges choose not to participate, said Justin Draeger, president of the National Association of Student Financial Aid Administrators," The Chronicle of Higher Education repor...
  • Improve The Financial Aid Process To Extend College Access And Aid To More Students
    March 25, 2015 - "A 2013 study by the National Association of Student Financial Aid Administrators (NASFAA) showed using prior-prior year data could give students the information they need to make financial decisions earlier in the process without significantly impac...
  • Informed Or Overwhelmed? TG Releases Report On How Federal Policies Have Shaped Students' Understanding Of Loan Counseling
    March 25, 2015 - "TG, in consultation with the National Association of Student Financial Aid Administrators (NASFAA), has released the second of five reports on the efficacy of federal student loan counseling," Yahoo! Finance reports.
  • Planning For College Just Got Easier
    March 24, 2015 - "While hundreds of school nationwide have experimented with or offer fixed-rate tuition for students, according to the National Association of Student Financial Aid Administrators, those offers do not include room and board," Business NH Magazine rep...
  • Georgia: GNTC Official Discusses Student-Aid Changes In Washington, D.C.
    March 20, 2015 - "Amber Singletary, associate director of financial aid at Georgia Northwestern Technical College, recently visited Washington, D.C., to participate in a leadership symposium for the National Association of Student Financial Aid Administrators," the R...
  • Managing Student Loan Debt As An Older Adult
    March 19, 2015 - "Karen McCarthy, senior policy analyst for the Washington-based National Association of Student Financial Aid Administrators, says a viable education financing strategy means thinking ahead," The New York Times reports.
  • Simplifying FAFSA Isn't So Simple
    March 18, 2015 - "In general, proponents of change argue it is too long, asking for more information than necessary and creating barriers for access to federal funds for the students who need them most. Karen McCarthy, a senior policy analyst for the National Associa...
  • GOP Would Freeze Pell
    March 18, 2015 - "The prospect of significant shifts in policy outside of the normal budgeting process worries Justin Draeger, president of the National Association of Student Financial Aid Administrators, who said student aid programs could be 'collateral damage' in...
  • Commentary: Tax Savings Can Ease Higher Education Costs, But Benefits Often Go Unclaimed
    March 16, 2015 - "Every year around tax time, I ponder this mystery: Why do so many people fail to claim tax credits and tax deductions for which they qualify?" David Slade writes for The Post and Courier, in an article that recommends NASFAA's tax guide.
  • Five Hot Tips For College Financial Aid
    March 13, 2015 - "According to the National Association of Student Financial Aid Administrators (NASFAA), a group of college financial aid professionals, origination fees are the following," John Wasik writes for Forbes.
  • How Incorrect Obamacare Tax Forms Could Impact Students Applying For Financial Aid
    March 12, 2015 - "Erroneous information given to Affordable Care Act enrollees on a crucial form needed to file tax returns will delay refunds for tens of thousands of Americans. Now, students applying for federal and state financial aid can feel the effects of the g...
  • Obama’s Student Loan Bill Of Rights: Will It Fix Anything?
    March 11, 2015 - "President Obama issued an executive memorandum Tuesday to the Department of Education and other federal agencies to do more to help student loan borrowers afford their debt payments," Credit.com reports. "'I think it’s really encouraging to see a pu...
  • 6 Ways The New ‘Student Aid Bill Of Rights’ Will Help Borrowers
    March 10, 2015 - "President Barack Obama on Tuesday proposed a 'student aid bill of rights' that offers about a half-dozen small but important improvements for the 40 million Americans who are dealing with student loans," Time reports. "A simple centralized website w...
  • The Magic Trick That Could Help Students Pay For College
    March 4, 2015 - These days, lots of politicians are talking about shrinking the FAFSA. ... That raises the most important question: Is that even possible?" NPR asks. "'The answer is "No, it's not possible,"' says Justin Draeger of the National Association of Student...
  • Shrink The FAFSA? Good Luck With That
    March 4, 2015 - "Look closely. Buried deep in President Obama's 2016 budget (page 41) is a proposal to cut up to 30 questions from the Free Application For Federal Student Aid (FAFSA)," NPR reports. "To be clear, the CSS PROFILE is only used by a small minority of t...
  • Navigating The FAFSA Is Worth The Effort For College Aid
    March 1, 2015 - "A mid-winter ritual is on millions of families’ calendars this month, and it wasn't about asking a large rodent named Phil for a weather forecast," The Deseret News reports. "According to the National Association of Student Financial Aid Administrat...
  • NASFAA Task Force Report: Servicing Issues
    February 26, 2015 - "A recent report from the National Association of Student Financial Aid Administrators (NASFAA) made recommendations to the U.S. Department of Education (ED) on ways to improve federal student loan servicing," New America's Postsecondary National Pol...
  • Why American Students Are Struggling With – And Defaulting On – Small Debts
    February 23, 2015 - "Student loan balances climbed to $1.2 trillion at the end of 2014, and delinquencies are rising even as they fall for most other types of debt," PBS NewsHour reports. "Judy Woodruff learns more from Megan McClean of the National Association of Stude...
  • College Freshmen Need To Beware Of Bait-And-Switch Aid Offers
    February 23, 2015 - "Families receiving college financial aid offers this spring should beware: what they see this year may not be what they get next year," Reuters reports. "Most colleges try to offer consistent aid packages throughout a student's career, and there are...
  • Opinion: The Case For Raising The Student Borrowing Age In The US
    February 20, 2015 - "The rationale for a minimum student borrowing age — and no such standard currently exists at the federal level, according to the National Association of Student Financial Aid Administrators — would be exactly the same as the one for the drinking age...
  • Making Loan Counseling Count
    February 20, 2015 - "The current design, content and length [of the existing loan counseling module] 'drains most users of their attention, focus, and tolerance long before the end,' TG Research and the National Association of Student Financial Aid Administrators found,...
  • Student-Loan Counseling Has Room For Improvement, Study Finds
    February 19, 2015 - TG "worked with the National Association of Student Financial Aid Administrators to create recommendations for improving the content of, design of, and policies for exit counseling,"The Chronicle of Higher Education's The Ticker blog reports.
  • This Week: FAFSA Simplification / The Wisconsin Idea
    February 13, 2015 - In the latest installment of Inside Higher Ed's This Week podcast, NASFAA President Justin Draeger weighs in on proposals to simplify the FAFSA.
  • 115 Education Groups: GOP No Child Left Behind Legislation Is Vastly Underfunded
    February 12, 2015 - "The Republican-dominated House education committee just approved legislation, H.R. 5, that is a rewrite of the No Child Left Behind Act with funding levels that critics say are inadequate to properly support K-12 public education," The Washington Po...
  • NASFAA in the News: 2014 Archive
    December 31, 2014
  • NASFAA in the News: 2013 Archive
    December 31, 2013
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