In January 2019, the U.S. Department of Education (ED) released the newly updated College Financing Plan (CFP) (formerly the Financial Aid Shopping Sheet). The College Financing Plan is available for voluntary use in 2019-20 and will include additional data elements, a new responsive design, and the ability to customize the colors of the College Financing Plan to match those of your institution.
As part of this update, ED solicited comments and suggestions on the College Financing Plan. To inform our comments NASFAA conducted consumer testing by an outside consulting firm, ASA Research, LLC and conducted a membership survey. Read more>>
The National Student Aid Profile provides detailed information about the major programs authorized under Title IV of the Higher Education Act of 1965, including descriptions of the federal student aid programs; recent trends in federal program appropriations; income levels of students and families who receive aid; and a description of the federal student aid application process.
The Department of Education has provided some guidance for students displaced by sudden college closures, but a large gap in financial aid knowledge remains for this population. In its new paper, "Designing Regulations to Protect Federal Student Loan Borrowers: Closed School Discharge," NASFAA examines existing and proposed provisions for closed school discharge from the perspectives of equity and efficiency, and provides seven recommendations that underscore the importance of policies that balance the interests of students, institutions, and taxpayers in the event of school closings.
NASFAA retained McKinley Advisors to conduct research on college presidents' perceptions of their financial aid offices, administrators, and the profession at large. Overall results showed college presidents were satisfied with their financial aid administrator's ability to perform their job functions and were interested in receiving additional information on how to improve the relationship between and the function of their financial aid departments. Our report "Findings from NASFAA's Research on College Presidents" further details the findings from this study, as well as recommendations for next steps.
In Winter 2015, NASFAA was awarded a grant by the Bill & Melinda Gates Foundation to conduct a study of the components needed to efficiently and effectively administer FWS and ways in which schools can strengthen their FWS programs to yield greater persistence and completion among students while staying within federal parameters. The goal of this research was to determine what components would create a framework for understanding, evaluating, and improving FWS that program administrators could use on their campuses. Read more >>
In our report "Focusing Federal Student Aid Websites On Graduate And Professional Students" NASFAA's Consumer Information and Law Student Indebtedness (CILSI) Task Force set out to make recommendations for the StudentAid.gov and StudentLoans.gov websites that would expand their focus to include the needs of G/P students and allow for greater transparency related to G/P program costs and borrowing. With websites tailored to their distinctive needs, G/P students will be better-informed consumers with clearer pictures of their options, leading to institutional choices that are good matches for their long-term financial and educational goals. Read more >>