NASFAA In the News

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 servicing industry," JD Supra reports, noting that NASFAA Pre...
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.
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 Globe reports.
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 improve the sector."" The Chronicle of Higher Education repor...
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 to check the terms,' said Megan McClean, managing direc...
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.
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.
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 aid award notice is critical and should be a top priority...
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 Report reports.
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 September their child starts senior year in high school instead ...
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 reports.
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 Association of Student Financial Aid Administrators," EdCentral...
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, in an article that quotes NASFAA Senior Policy Analyst ...
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 over the course of their college career than they can m...
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 time to appeal is if something has changed after the...
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 a 2013 opinion piece for Inside Higher Ed, National A...
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, he issued some pointed criticism of the advice that...
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 Association of Student Financial Aid Administrators (NASFA...
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 follow-up survey shows not much has changed," POLITICO...
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," The Chronicle of Higher Education's The Ticker blog ...
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 TG, writes in The Hill's Congress Blog.
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 Hechinger Report.
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 Student Financial Aid Administrators," The Washington ...
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 time to provide individualized financial counseling to t...
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 Education reports. "But there are drawbacks to dropping que...
Meet The People Who Will Maximize Your Financial Aid — For A Fee
April 7, 2105 - "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 realizing the crushing debt you’ll need to take on to pay f...
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 Aid Administrators, cited a recent analysis from financ...
‘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 to shift more of the risk of student lending onto colle...
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 National Association of Student Financial Aid Administrat...
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 Aid Administrators found," Politico Pro's Morning Educat...
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 arduous process of applying for financial aid," Yale Da...
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 reports.
Improve The Financial Aid Process To Extend College Access And Aid To More Students
March 25, 2014 - "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 impacting Federal Pell Grant awards for low-income student...
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 reports.
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 Rome News-Tribune reports.
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.
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 larger political fights," Inside Higher Ed 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 Association of Student Financial Aid Administrators, said re...
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 government’s mistake, too," The Daily Signal reports, ...
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 push for a more standardized servicing experience,' sai...
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 where borrowers could see all their student debt infor...
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 the nation's higher ed institutions. But it — or forms ...
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 Financial Aid Administrators. 'The more you simplify ...
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 Administrators, some 300,000 FAFSA applications were reprocessed ...
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 Policy Institute reports.
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 numerous reasons why grant aid may drop when firs...
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 Student Financial Aid Administrators and William Elliot...
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," POLITICO Pro reports.
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," Gary Silverman writes in a Financial Times opin...
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 Post reports in an article that lists NASFAA a membe...
Commentary: Preparing Your Campus For Prior-Prior Year
February 10, 2015 - "Allowing families to use 'prior-prior year' (PPY) income and asset data when submitting the FAFSA is another attempt at tackling issues of access and affordability," Aaron Mahl writes for University Business. "This provision was introduced last year by Sen. Tom Harkin (D-Iowa), chairman of the Sena...
New Report Suggests Ways To Ease Applying For And Dealing With Loans
February 10, 2015 - "The financial aid realm is notorious for its 100-plus-question form and the headaches it creates for students — but a new report offers proposals to simplify the financial aid and loan repayment process," The Daily Tar Heel reports.
In FAFSA Simplification, Complexity
February 9, 2015 - "It seems, all of a sudden, that there’s a rush among policy makers in Washington to chop off questions from the 108-question Free Application for Federal Student Aid, known as the FAFSA," Inside Higher Ed reports. "Justin Draeger, president of the National Association of Student Financial Aid Admini...
The Battle For FAFSA Simplification Begins
February 9, 2015 - "'We have a limited pool of funds, and you’re taking a pool of applicants and trying to figure out the relative financial strengths to each other,' Justin Draeger, president of the National Association of Student Financial Aid Administrators, told Inside Higher Ed," Red Alert Politics reports.  
Virginia: Bill In General Assembly Would Require Colleges To Post Consumer Data Online
February 7, 2015 - "A bill in the General Assembly would require colleges and universities to list 'consumer information' — including average tuition and fee increases over the past 10 years — on their websites," The Daily Progress reports. "[NASFAA's Karen] McCarthy said she’s not familiar with the General Assembly me...
5 Money Moves Every College Senior Should Make Before Graduation
February 5, 2015 - "The countdown to college graduation is on," NerdScholar writes for USA TODAY. "'Bills will come due no matter what and the objective of the financial aid office is to help students keep their finances together and to make sure their debt remains in good standing,' says Justin Draeger, president of [...
Homelessness Problem Exemplified By ‘Hotel 22’
February 5, 2015 - "Line 22, the only bus route that runs 24 hours in the Santa Clara Valley Transportation system, has become an unofficial shelter to much of the region’s homeless population," The Pacifican reports. "Salon received numbers from the National Association of Student Financial Aid Administrators, who obt...
Student-Aid Group Recommends Steps To Improve Loan Servicing For Borrowers
February 4, 2015 - "The National Association of Student Financial Aid Administrators conducted a survey of its members to identify problems in the student-loan-servicing industry, which has drawn scrutiny from consumer advocates and federal regulators," The Chronicle of Higher Education's The Ticker blog reports.
TEACH Grant: A Trojan Horse Of Debt
February 4, 2015 - "The data is in, and lest there be any doubt, the federal government is pulling a bait-and-switch on aspiring teachers, the likes of which might make even the most unscrupulous lender blush," NASFAA President CEO Justin Draeger writes in an op-ed in The Hill.  
Financial Aid Pros Ponder Loan Servicing
February 3, 2015 - "Congress may be looking for ways to streamline and improve student loan servicing, but there’s plenty that Education Department officials could do on their own, according to a new report from the National Association of Student Financial Aid Administrators," POLITICO Pro reports.
Free FAFSA Help: MI College Goal Offers Sunday Events
February 3, 2015 - "During the first two weeks of February, high school seniors across the state can receive free assistance in filing their Free Application for Federal Student Aid (FAFSA) forms," The Holland Sentinel reports. "The MI College Goal events began in 2004 as 'College Goal Sunday' as a cooperation between ...
A Move To Simplify The Dreaded FAFSA
January 28, 2015 - "The vast majority of students now fill [the FAFSA] out online, says Justin Draeger, president of the National Association of Student Financial Aid Administrators," Marketplace reports. "'Skip logic' technology lets them bypass questions that don’t apply. 'The average student today can complete the e...
Retiree Confident In Interim Director Of Scholarships And Financial Aid
January 23, 2015 - "In his new role as interim director of Scholarships and Financial Aid, James Volkmer understands it’s a job that can seem mundane and straightforward," The Daily Nebraskan reports. "Volkmer’s fervent belief in keeping students a priority of the office of SFA follows the distinguished legacy of Craig...
Georgia: Crowdfunding Lends Unconventional Help To Tech Savvy Students
January 16, 2015 - "'Crowdfunding seems to be a way to use technology to do what students have always done, which is to look around to see who in their circle of family and friends is able to help them pay for college,' said Beth Maglione, a spokesperson for [NASFAA]," The University of Georgia's The Red Black reports...
5 Financial Aid, Student Loan Changes To Anticipate In 2015
January 14, 2015 - "The past several years brought some notable changes to student loans and financial aid. ... But 2015 should be different, say experts," according to U.S. News World Report. "'Generally, we don’t anticipate too many major changes this year,' says Megan McClean, [NASFAA's] managing director of policy...
How Cost Of Attendance May Become A Recruiting Tool
January 14, 2015 - "On Saturday at the NCAA convention, college and athlete representatives from the nation's five wealthiest conferences likely will vote to redefine an athletic scholarship so that it can cover not only the traditional tuition, room, board, books and fees, but also the incidental costs of attending co...
Redefining Loan Repayment
January 14, 2015 - "One commonly proposed method to curtail high default rates is an income-based repayment (IBR) plan, under which students repay their loans based on a set percentage of their income, rather than paying an arbitrary monthly minimum," the Young Education Professionals' Recess blog reports in an article...
Should Your Student Loan Payments Be Withheld From Your Paycheck?
January 12, 2015 - "What if — along with the federal, state, local, Social Security and Medicare taxes that are automatically withheld from every payroll check — student-loan borrowers could also have their payments extracted from that as well? That’s precisely what the New America Foundation, Young Invincibles and the...
Lawmakers Try to Simplify Student Aid
January 8, 2015 - "U.S. Sens. Lamar Alexander (R., Tenn.) and Michael Bennet (D., Colo.) introduced legislation Wednesday proposing a dramatic slim-down of the form to a simple 'postcard' with two questions: 'What is your family size?' and 'What was your household income two years ago?'" The Wall Street Journal reports...
Student Debt Declines For Third Straight Year
January 5, 2015 - "Might the cliche of the forever-indebted college student someday become a fable?" University Business asks. "'When we paint the need to borrow for higher ed as a crisis, there is a damaging effect for students thinking about going to school,' says [NASFAA's Megan McClean]. 'The more we see these numb...
Utah: Experts Say Now Is The Time To Apply For College Funding
January 5, 2015 - "The start of 2015 opened up an opportunity for college-bound students in Utah and across the U.S. who need help paying for tuition," Utah Public Radio reports. "'It's a good time to sit down with the family,' [Laurie Wolfe, National Association of Student Financial Aid Administrators member] said. 'A...
Need Financial Aid? Now's The Time
January 4, 2015 - "The financial aid application period is 18 months long, running from Jan. 1, 2015, through June 30, 2016, for the 2015-16 school year," The News-Gazette reports. "But students shouldn’t dawdle — money runs out early for some grants, including the need-based Illinois Monetary Award Program, said Dan M...
There’s A Way To Dramatically Lower Student Debt Payments, But Hardly Anyone Uses It
December 29, 2014 - "The White House has enacted broad initiatives to give students more options for repaying their loans. Yet only 14 percent of Americans with federal student debt are enrolled in government plans that allow them to lower their payments if they’re not making enough money to cover them, according to da...
Free Application For Federal Student Aid Applications Open Jan. 1
December 22, 2014 - "The National Association of Student Financial Aid Administrators ... suggests these ways to avoid making the most common mistakes when seeking financial aid," the Omaha World-Herald's Money Talks blog reports.
Where Are We Now With The FAST Act Proposal?
December 22, 2014 - "Megan McClean, managing director of policy and federal relations for [NASFAA], says the group supports the bill’s 'spirit of simplification' but is worried about shortening the FAFSA too much," NerdScholar writes for USA TODAY.
Obama College Ratings System: White House Debuts Bare-Bones Framework For Public Comment
December 19, 2014 - "People should see the framework as a way to 'learn where the department of education is prioritizing their efforts,' said Jesse O'Connell, the National Association of Student Financial Aid Administrators assistant director for federal relations," International Business Times reports.
Payroll Withholding Offers New Path For Income-Based Repayment By Student Loan Borrowers
December 18, 2014 - "Enrolling Americans with student loan debt in an automatic Income-Based Repayment system and automating their repayments through employer payroll withholding could substantially simplify the student loan system and lessen the number of loan defaults, contends three higher education research and adv...
Report: Pay Off Student Debt Like Social Security
December 17, 2014 - "It sounds like a simple solution: Enroll student loan borrowers in an income-based repayment plan, and they'll have no reason to miss payments and get into financial trouble. But expanding that repayment method to millions of borrowers could lead to unintended consequences that could further burden...
To Reduce Loan Defaults, Automate Payroll Withholding, Report Says
December 17, 2014 - "With student-loan default rates rising, a growing number of policy makers, think tanks, and advocacy groups are calling for automatically enrolling some or all borrowers in income-based repayment, or IBR," The Chronicle of Higher Education's The Ticker blog reports, in a post that cites a new repor...
6 Ways Smartphones Can Aid College Searches
December 11, 2014 - "Choosing the right college at the right price is a daunting task, especially considering nearly two-thirds of Americans think pursuing a degree at any institution has become unaffordable, according to a Huffington Post/YouGov poll," FOX Business reports. "Prices have climbed so far, so fast that ab...
'Input-Adjusted' Metrics Key in Developing Fair and Accurate Ratings Systems
December 10, 2014 - "With college ratings growing in significance for both consumers and policymakers, we asked our contributors: What criteria should weigh most heavily in college and university ratings? How should the department hold institutions accountable for these variables?" YEP-DC's blog reports. NASFAA's Megan...
Many Colleges Fail To Report Deals With Student-Aid Contractors
December 10, 2014 - "A 'significant number' of colleges aren’t notifying the Education Department when they contract with outside servicers to administer federal student aid, a lapse that’s made it difficult for regulators to determine whether the contractors are following federal laws, the agency says," The Chronicle ...
Quiet Players, Deep Pockets
December 9, 2014 - "Student loan guarantee agencies faced an uncertain future in 2010, when the Obama administration and the U.S. Congress eliminated government-backed private lending," Inside Higher Ed reports, in an article that cites Texas Guaranteed Student Loan Corporation's collaboration with NASFAA.   
The Smarter Way To Borrow For College
December 8, 2014 - "Follow these steps to ensure you’re making the best decisions on student loans," The Fiscal Times writes. "'Students often start their search for schools based on things like location, faculty, and extra curriculars,' said Megan McClean, director of policy and federal relations for [NASFAA]. 'Cost a...
California: Minimum Wage, Not Yet
December 5, 2014 - "Justin Draeger, the president of the National Association of Student Financial Aid Administrators, said there are unexplored complexities with UC Berkeley’s current position but generally the federal government wants its federally funded student workers to make the highest minimum wage in the area,"...
Need Financial Aid For College? It's Almost Time To Apply
December 4, 2014 - "Laurie Wolfe, a board member of the National Association of Student Financial Aid Administrators, says preparing now can make the [FAFSA filing] process less stressful," the Greenburg Daily News reports.
4 Strategies For Surviving A College Tuition Increase
December 3, 2014 - "There’s not one thing that drives tuition increases, but many different factors' says Megan McClean, director of policy and federal relations at the National Association of Student Financial Aid Administrators," according to U.S. News World Report.
Nebraska: Students Learn To Manage Their Finances In The Face Of Rising Debt
November 24, 2014 - "The average debt for UNL undergraduates post-graduation is $20,567. But the average indebtedness data can be misleading, said Craig Munier, director of the UNL Office of Scholarships and Financial Aid [and former NASFAA National Chair],"  the Daily Nebraskan reports.
Good News: There’s A New Way To Get Out From Under Student Debt
November 21, 2014 - "Two of the biggest private student loan providers have welcome news for struggling grads: Soon, some distressed borrowers will be eligible for lower interest rates and lower monthly payments. 'With federal loans, you have built-in insurance in case of job loss or disability or death,' says Justin D...
Education Officials Vie For Millions In Nebraska Lottery Proceeds
November 19, 2014 - "It's a rare pot of gold — about $17 million in annual lottery proceeds which the state constitution says must be used for education — and school districts and other educators are jousting for a share," The Journal Star reports. "Opportunity grants — which are given to students who qualify or come c...
Opinion: Origination Fees: A Hidden Student Tax
November 19, 2014 - "Congress has hijacked the discussions around federal student loans, asserting that they are somehow a burden to the government. Considering they generate more than $50 billion in revenue annually, nothing could be further from the truth," Arthur F. Kirk Jr., president of Saint Leo University, and M...
7 Ways To Stop Student Loans From Ruining Your Life
November 18, 2014 - "Following are some tips from college financial experts on steps to take before, during and after college to help ensure that your debt load remains manageable so it doesn't ruin your life," CNBC reports. "It's best to determine in advance how much you will spend in total on college and how much you...
College Kids’ Homeless Hell: Why A Secret, Massive Crisis Is Getting Even Worse
November 17, 2014 - "Student homelessness in higher education is a larger issue than most realize, with tens of thousands across the country homeless," Salon reports. "Salon received numbers from the National Association of Student Financial Aid Administrators (NASFAA), who obtained them from the Department of Educatio...
Is This The End Of The Line For Perkins Loans?
November 14, 2014 - "The Federal Perkins Student Loan Program is in peril. ... 'We're going to have an uphill battle,' said Justin Draeger, president of [NASFAA]. 'If there's a cost to continuing it, and Congress is faced with that decision point, what will they do?,'" The Chronicle of Higher Education reports.
College Tuition Hikes Slowing, Report Says
November 13, 2014 - "Though college tuition and fee prices still outpaced the rate of inflation in the past year, the average increases were lower than those posted in the past five years, the past 10 years and the past 30 years, according to the report published Thursday by the College Board," The Chicago Tribune repo...
New College Students Taking On Less Debt, College Board Reports
November 13, 2014 - "New college students are borrowing less, even as tuition hikes continue to outpace inflation in the United States, the College Board reports," according to United Press International. "Justin Draeger, president of the National Association of Student Financial Aid Administrators, said legislators sh...
Tuition And Borrowing Growth Slows
November 13, 2014 - "College prices are still climbing, but they’re doing so at a slower pace than they were for the past several years, and the amount of money borrowed for higher education last year fell for the third straight year, according to two reports released today by College Board. Justin Draeger, president o...
What To Do When You Haven’t Saved A Dime For College
November 12, 2014 - "'PLUS is a tricky program because you want families to have access to education, but at the same time you want to make sure they are not being burdened by excessive debt,' said Jesse O’Connell, assistant director for federal relations at the National Association of Student Financial Aid Administrat...
Another College-Access Issue: Financial-Aid Jargon
November 11, 2014 - "From his office window, Eric Johnson can see the groundskeeping staff clearing off the sidewalk with leaf blowers. Colleges like the University of North Carolina at Chapel Hill, where he works, pull out all the stops to make their campuses inviting. But rarely, he says, do they work as diligently t...
First College Graduation, Then The Payments
November 9, 2014 - "Mary Walsh is a little leery of getting the mail these days. She's not looking forward to getting the envelope with the first bill for her student loan," The Detroit Free Press reports. "'Some students see the envelope from them and think it's junk mail or a phishing attempt,' [Jesse O'Connell, assi...
Are We Forgiving Too Much Student-Loan Debt?
November 7, 2014 - "Back in 2007, Congress made a simple promise to student borrowers: Stick with a public-service career for 10 years, making monthly payments along the way, and we’ll forgive the rest of your debt. Now, as the bill gets closer to coming due, a growing chorus of analysts and observers is asking: Was th...
AwardLetter: A Resolution To NASFAA’s Ethical Dilemma
November 5, 2014 - "The National Association of Student Financial Aid Administrators (NASFAA) released an article exploring the ethics of award letter information," CampusLogic reports on its blog.
What A GOP-Led Congress Means For Higher Ed
November 4, 2014 - "Justin Draeger, president of the National Association of Student Financial Aid Administrators, said that advocates for student aid may find themselves in the position of having to stave off reductions or fight for at least flat funding," Inside Higher Ed reports.
Lamar Alexander Wants To Simplify, Simplify, Simplify
November 3, 2014 - "When the senator unfurled the paper Fafsa at the annual meeting of the National Association of Student Financial Aid Administrators, they reminded him that the vast majority of students now fill out the form online, where they can bypass many questions. 'It’s like debating VHS and Betamax in an era ...
10 Tools To Use For A Tailored College Cost Estimate
October 29, 2014 - "For many students, what they'll pay to attend college​ isn't clear. ​But paying for college doesn't have to remain a mystery. 'While [online tools] might not be able to offer​ a precise number, they give families a ballpark,' says Megan McClean, the National Association of [Student] Financial Aid Ad...
Parent PLUS Loan Requirements Revisions Get Mixed Initial Reviews
October 23, 2014 - "The U.S. Department of Education Wednesday announced additional changes to the Parent PLUS Loan requirements, which have been the source of much controversy recently," Diverse Issues in Higher Education reports. "'Although the typical borrowing profiles of parents and graduate/professional students ...
Cosign Of The Times: The Rich Are Borrowing To Pay For College Too
October 22, 2014 - "A new Pew Research Center study shows that from 2010 to 2012, the percentage of middle- and upper-middle-income students who borrowed money for college doubled, and they’re borrowing twice as much money as their peers did a generation ago," Take Part reports. "'The bottom line is more and more peopl...
5 Myths About Student Financial Aid
October 20, 2014 - "It's time for thoughts about college applications, which means students are filled with anxiety over whether they will get into their dream school, quickly followed by their (and their parents') panic over how they will pay for it. For those already in school, this is a time of sticker shock as tuit...
End The Student Loan Tax
October 20, 2014 - "There is a growing and warranted concern over student loan debt in this country. On a daily basis we are reminded about record levels of student debt, stories of struggling borrowers, and general anxiety among Americans about the cost of college. Add to this a little known fact that students and par...
Opinion: Is College Still A Good Investment?
October 8, 2014 - "There is so much noise in the conversation about the value of higher education that it has become increasingly difficult to know if it is worth the time and money to go to college to earn a bachelor's and perhaps a master's degree," Eileen O'Leary, NASFAA chair and assistant vice president and direct...
Opinion: The Long Term Impact Of Student Loan Debt On Universities
September 24, 2014 - "The financial aid office – the place where students figure out how they are going to pay for school. ... But some financial aid offices aren’t helping students," Robert Farrington writes in a Forbes opinion piece. "However, some colleges and universities are starting to understand this and are try...
Student Loan Default Rate Drops To 13.7%
September 24, 2014 - "Things are finally starting to look up for student borrowers, with fewer of them defaulting on their loans," CNN Money reports. [But among for-profit institutions] "'We're seeing a persistently high default rate at those schools that serve at-risk students,' said Justin Draeger, the president [of ...
Student Debt Burdens Seniors
September 19, 2014 - "It's important for colleges, universities, financial aid administrators to be thinking about ways that they can experiment in getting information to [students] that will be effective in helping them manage their loan debt as they leave school," NASFAA President Justin Draeger said in an interview ...
How To Pay Your Student Loans While You’re Still In School
September 15, 2014 - "'If possible, pay the interest on the loan while still in school,' said Megan McClean, managing director and federal relations for the National Association of Student Financial Aid Administrators (NASFAA)," Credit.com reports.
Pennsylvania: Lincoln Seeks To Lure Students With A Promise Tuition Won't Rise
September 15, 2014 - "Lincoln University's promise got Aitza Hedgemond's attention: The incoming freshman's annual tuition would remain at $11,836 all four years, guaranteed. 'Certainly this is something that has been coming up more in the past several years,' said Megan McClean, director of policy and federal relation...
3 Lessons To Teach Mom And Dad About Paying For College
September 9, 2014 - "'[Y]ou can’t expect students and parents to pay the same way they did a generation ago,' says Justin Draeger, president of the National Association of Student Financial Aid Administrators," according to U.S. News World Report.
Commentary: Rising College Costs: Stepping Back From Polemics
September 8, 2014 - "In 2010, the National Association of Student Financial Aid Administrators (NASFAA) reported that 'increased regulatory or compliance workloads [were] the reason for resource shortages experienced in institutional offices,'" University Business reports.
Higher Ed Groups Respond To Harkin’s Draft Proposal
September 2, 2014 - "Dozens of higher education interest groups submitted comments last week on Senator Tom Harkin’s draft proposal to reauthorize the Higher Education Act," Inside Higher Ed reports, in an article that includes a link to NASFAA's comments.
Tackling Diploma Debt
September 2, 2014 - "'The six-month grace period goes very fast if you’re not in graduate school or don’t have a full-time job,' says Karen McCarthy, a policy analyst at the National Association of Student Financial Aid Administrators," Financial Advisor reports..
Student Debt In Mind, Education Dept. Renegotiates Loan Servicers’ Contracts
August 29, 2014 - "In June the National Association of Student Financial Aid Administrators and the National Direct Student Loan Coalition announced the formation of a task force to focus on possible improvements in the servicing contracts," The Chronicle of Higher Education's The Ticker blog reports.   
Your Call: What Do Students And Parents Need To Know Before They Take Out Student Loans?
August 27, 2014 - On August 27, NASFAA's Director of Policy and Federal Relations Megan McClean was a featured guest on San Francisco's KALW Local Public Radio show, "Your Call." Tune in to the recording for McClean's interview and question-and-answer session.  
NASFAA Offers Tools To Help You Find Money For School
August 25, 2014 - "The National Association of Student Financial Aid Administrators (NASFAA) has created an interactive map, to help students locate state funding options," Black Enterprise Magazine reports.
Top Links For Finding Financial Aid
August 20, 2014 - "The National Association of Student Financial Aid Administrators has developed [a] page with links to all of the state’s financial aid programs," Patch reports.
How To Win The College Scholarship Game
August 15, 2014 - "With tuition and fees at a four-year private college or university averaging $30,094 a year, many students need help making ends meet. The good news is that scholarship money being handed out by corporations, foundations and other private-sector benefactors is on the rise," The Wall Street Journal re...
Are College Aid Planners Worth The Money?
August 14, 2014 - "The college financial aid application process can be tough for any family to manage on their own, but is it worth the money to bring in a professional?" Yahoo! Finance reports. "'The process can seem overwhelming at the onset and perhaps that's why people turn to these advisors, to gain some clarity....
Tips To Manage Student Loan Defaults
August 13, 2014 - "A literature review published in the National Association of Student Financial Aid Administrators’ Journal of Student Financial Aid stated, 'The majority of the research we reviewed suggested that completing a postsecondary program is the strongest single predictor of not defaulting regardless of ins...
Financial Aid Professionals Call For Reporting Changes
August 11, 2014 - "New recommendations from a task force representing financial aid professionals on college campuses call for streamlined reporting requirements, at the same time advocating tracking of individual student outcomes to give consumers better information as they make college choices," Education Week's Coll...
NASFAA Releases Student Aid Recs
August 8, 2014 - "The National Association of Student Financial Aid Administrators is out with a set of recommendations targeting the reporting burden on schools and students," POLITICO reports in its Morning Education newsletter.
Aid Administrators Back Federal Student Unit Record
August 7, 2014 - "The main group representing student aid administrators has backed a proposal to create a federal database that tracks student progress through higher education and into the workforce," Inside Higher Ed reports.
Georgia: WSCC Administrators Present Information On Rural Students
August 7, 2014 - "Washington State Community College's director of financial aid, Shannon Venezia, published a blog post in The Chronicle for Higher Learning online journal and along with Amanda Herb, vice president of enrollment and student success, presented 'The Challenge of Rural Students: Best Practices' at the Na...
Streamline Consumer-Information Process, Says Financial-Aid Group
August 6, 2014 - "A nine-member panel was convened by the National Association of Student Financial Aid Administrators to study federal requirements for consumer-information disclosure," The Chronicle of Higher Education's The Ticker reports.
Student-Aid Group Suggests Changes In Loan Forgiveness For Public Service
July 31, 2014 - NASFAA's "Public Service Loan Forgiveness Task Force offers several policy recommendations for improving the loan-forgiveness program," The Chronicle of Higher Education's The Ticker reports.
Driving College Loan Defaults Down
July 29, 2014 - "Outsourcing delinquent borrower outreach to a company focused on default prevention is an aggressive defensive approach that can have a real impact on loan payment rates," University Business reports. "'Default prevention is a laborious process that requires a lot of time and people,' says Karen McCart...
Financial Aid For Seniors Going Back To School
July 29, 2014 - "The number of graduate and postgraduate students ages 50 to 64 has been climbing steadily, from 625,000 in 2007 to as many as 750,000 in 2011 — a 20 percent increase, according to the National Center for Education Statistics," AARP The Magazine reports. "For most types of federal financial aid, you nee...
Awkward FAFSA Decimal-Point Glitch Might Threaten Your Financial Aid
July 24, 2014 - "Thousands of college students are dealing with a confusing Free Application For Federal Student Aid (FAFSA) application, which may have, by the way, led to large-scale financial aid woes. ... 'It’s a serious problem,' Jeff Baker, policy liaison at the Education Department’s Office of Federal Student Ai...
Your Financial Aid Could Be Taken Away Thanks To One FAFSA Mistake
July 24, 2014 - "For any students who believe they may have made an error when filling out the FAFSA form online, Justin Draeger, president of the National Association of Student Financial Aid Administrators, suggests you contact your financial aid office to make sure you're still eligible to be awarded a Pell grant or...
Because Of Application Mistake, Some Pell Grant Recipients Might Not Be Eligible After All
July 23, 2014 - "'Students who have questions should definitely look at their financial aid report or check in with their financial aid office if they think there may have been an error,' said Justin Draeger, president of [NASFAA]," the Associated Press reports.
Fafsa Fix Will Mean Less Aid For Many
July 21, 2014 - "[NASFAA] is telling its members to take a second look at non-tax-filers with unusually high earned income or a large year-over-year increase," The Chronicle of Higher Education reports.
Young Immigrant Finds Opportunities For Education
July 19, 2014 - "According to the National Association of Student Financial Aid Administrators, DACA recipients do not fit into any of the U.S. Department of Education's categories for eligible noncitizens, and are ineligible to receive federal financial aid and most state financial aid," the Herald-Tribune reports.
Here's Your Grant Money, College Students. Don't Spend It All In One Place.
July 14, 2014 - "Last year, the National Association of Student Financial Aid Administrators proposed a 'Pell Well' where students could 'draw' funds as needed, with some limits like prorated payments if they didn't take a full slate of classes," National Journal reports.
3 Reasons To Get Help During The Financial Aid Process
July 12, 2014 - "Though you can probably do the financial aid process alone, it may make things simpler if you take advantage of the countless free resources out there," according to USA TODAY, which cites NASFAA as an "excellent free resource...,which goes through financial aid and tuition discounts by state and provi...
Improving College Accessibility With A Simple Reform
July 11, 2014 - "Last year, [NASFAA] conducted an in-depth review of 160,000 FAFSA applications. It found that about 70 percent of grantees would see no change in their awards if they used the 'prior prior' year's income on their applications," National Journal reports.
Minnesota: Lawmakers Push For Pell Grant Changes
July 9, 2014 - "Last year, [NASFAA] developed a ... year-round [Pell Grant] concept — the 'Pell Well' — that would allow students to draw funds based on their financial needs," Minnesota Daily reports.    
How A Financial Aid Mix-Up Created Thousands Of Unwitting Paper Millionaires
July 8, 2014 - "Remember that thing called the decimal point? Federal financial aid applicants are relearning its value the hard way," Slate reports. "Officials at the National Association of Student Financial Aid Administrators told the Chronicle of Higher Education that most colleges will have at least one if not hun...
Higher Ed Data Bill Band-Aids Over Problems
July 7, 2014 - "[T]o date, the American Association of Community Colleges, Association of Community College Trustees, Association of Public and Land-grant Universities, American Association of State Colleges and Universities, and now the National Association of Student Financial Aid Administrators are all on the record...
With Decimal Mistake, Students Become Millionaires
July 7, 2014 - "Low-income students have inadvertently presented themselves as millionaires on an application for federal financial student aid — making it less likely they will qualify for grants and loans. ...[NASFAA] was encouraging applicants with questions to reach out to their institution’s financial aid office,"...
FAFSA Confusion: College Students Lose Financial Aid Due To Decimal Point Error On Application
July 4, 2014 - "At least 165,000 college students applying for financial aid may have been denied loans and grants because they mistakenly declared themselves millionaires on a federal application. 'It’s a serious problem,' Jeff Baker, policy liaison at the Education Department’s Office of Federal Student Aid, said at ...
New Tool Breaks Down Federal Policy
July 3, 2014 - "The National Association of Student Financial Aid Administrators (NASFAA) has created a new, interactive Federal Budget Tool to help administrators (and proactive parents and students) ascertain the answers to [federal budget process] questions, and to navigate the process through which the federal stud...
Problem With Online FAFSA Makes Some Low-Income Filers Look Like Millionaires
July 3, 2014 - "An update to this year’s federal student-aid application is making some low-income filers look like millionaires—and could cost some their federal student aid," The Chronicle of Higher Education reports. "Colleges will have to reprocess those individuals Fafsas and notify the students of any revisions i...
Vendors Vie For A Piece Of The Default-Management Pie
July 3, 2014 - "Inside the exhibit hall at the conference of the National Association of Student Financial Aid Administrators here this week, companies that help colleges keep their student-loan default rates down competed for financial-aid officers’ attention," The Chronicle of Higher Education reports.
How One University Helps Student-Aid Recipients Make Good Choices
July 1, 2014 - "Duke University is one of a handful of wealthy colleges with very generous student-aid policies," reports The Chronicle of Higher Education's Head Count blog. "The university’s goal is to minimize student borrowing and ensure that students who do borrow take out the best available loans, Alison Rabil, a...
Let’s Shrink the Fafsa, Senator Tells Financial-Aid Officers
July 1, 2014 - "Sen. Lamar Alexander defended his plan to scrap the Free Application for Federal Student Aid before a skeptical crowd of financial-aid administrators on Monday, telling them that the lengthy form is beyond repair," The Chronicle of Higher Education reports.
Measuring Colleges’ Access and Diversity Efforts
July 1, 2014 - "Not only do colleges have different goals when it comes to diversity, they don’t all define the term the same way," writes Sarah Pingel in a guest post for The Chronicle of Higher Education's Head Count blog. "Ms. Pingel, a researcher at the Education Commission of the States, is scheduled to speak on t...
Resources for Students and Families About Financial Aid
July 1, 2014 - "The National Association of Student Financial Aid Administrators’ website features a series of pages for students and parents. Through videos, short narratives and graphics, NASFAA discusses the basics of financial aid on the federal and state levels, tax breaks, cutting costs and more," the American Co...
Student-Aid Leaders Call For Alternatives To Obama’s College-Rating System
July 1, 2014 - "The departing chair of the National Association of Student Financial Aid Administrators offered his alternative on Monday to President Obama’s forthcoming college-rating system, calling for a system based on 'social responsibility,'" The Chronicle of Higher Education reports.
What’s Missing From The Merit-Aid Debate
July 1, 2014 - "Merit aid has a bad reputation: Critics say that when colleges use it, they reduce the need-based aid available to low-income students. Jon Boeckenstedt disagrees," The Chronicle of Higher Education's Head Count reports. "For many colleges, merit-based aid is a necessity, he said during a presentation h...
Critics Assail Government's Response To Student-Aid Fraud
June 30, 2014 - "Two years ago, in the wake of an alarming report from its inspector general on fraud in federal student-aid programs, the U.S. Education Department announced that it would write new rules to protect taxpayer dollars from abuse," according to The Chronicle of Higher Education, in an article that quotes ...
New Research Points To Gaps In Student-Loan Counseling
June 30, 2014 - "Each year a larger share of new graduates leave four-year colleges with student-loan debt, and the average balance of those who borrowed is higher, too," The Chronicle of Higher Education's Head Count reports. "To help fill that hole, TG, a nonprofit organization that guaranteed loans in the discontinu...
Tennessee: College Financial Aid Officers Skeptical Of Reforms
June 30, 2014 - "Speaking to the National Association of Student Financial Aid Administrators at the group’s national conference on Monday, Sen. Lamar Alexander, R-Tenn., presented six proposed additions to the 1965 National Higher Education Act for its reauthorization this year," The Tennessean reports.
Turning Financial-Aid and Admissions Staffs Into an Enrollment Team
June 30, 2014 - "Training admissions and financial-aid staff members to do one another’s jobs can be a challenge, but it can make for a smoother enrollment process for students and their families. Ms. Weaver, the university’s director of financial aid, is scheduled to present on the topic this week at the [NASFAA] annu...
Nebraska: NU Offers Financial Aid Help To Victims Of Severe Storms
June 28, 2014 - "The University of Nebraska has announced that it will make financial aid adjustments to help students and families in areas that have been declared federal disaster areas after being ravaged by severe weather," the Kearney Hub reports. "The idea emerged from the University of Nebraska-Lincoln where Cra...
Tennessee: Sens. Rand Paul, Lamar Alexander visiting Nashville on Monday
June 28, 2014 - "U.S. Sens. Lamar Alexander and Rand Paul will be in Nashville on Monday to host a roundtable discussion about the Affordable Care Act with state health care professionals," The Tennessean reports. "Alexander will also speak... at the [NASFAA] national conference at the Music City Center."
NASFAA Offers Education Tax Benefit Guide
June 27, 2014 - "The National Association of Student Financial Aid Administrators (NASFAA) has released a series of guides to inform families about tax benefits that could help them afford college," Black Enterprise reports.
The Solution To The Student-Loan ‘Crisis’? Depends On How You Define It
June 25, 2014 - "Student-loan debt is widely perceived to be a problem, even a crisis. Experts, advocates, and policy makers have been debating how to tackle it for years, and with the reauthorization of the Higher Education Act on the horizon, those conversations are likely to pick up steam," The Chronicle of Higher E...
4 Ways To Get In-State Tuition As Fast As Possible
June 20, 2014 - "According to the National Association of Student Financial Aid Administrators (NASFAA), there are four regions in the United States (southern, midwestern, western and New England) with many states that have 'programs that allow residents to attend university in another state, without having to pay out-...
FAFSA Bill Latest Lob In Higher Ed Law Rewrite
June 20, 2014 - "The Financial Aid Simplification and Transparency Act of 2014 would amend the Higher Education Act in several ways. ... 'We’re with Sens. Alexander and Bennet in the spirit of what they’re doing,' [NASFAA] President Justin Draeger said, adding that 'there are a lot of logistical questions that still ne...
Student Loan Servicers To Be Scrutinized By Task Force
June 18, 2014 - "The National Association of Student Financial Aid Administrators announced yesterday that it is teaming up with the National Direct Student Loan Coalition on a joint task force that could put new pressure on student loan servicers to improve the repayment process," MainStreet reports.
Financial-Aid Administrators To Scrutinize Student-Loan Servicers
June 17, 2014 - "In a statement issued on Tuesday, the National Association of Student Financial Aid Administrators and the National Direct Student Loan Coalition announced that they were forming a task force on servicing issues," The Chronicle of Higher Education reports.
There's Something Broken In America's Financial Aid System
June 13, 2014 - "The last lines of defense between teens and decades of debt are generally college financial aid offices. ... 'I can guarantee that students are doing entrance counseling because schools face program reviews and audits all the time,' says Justin Draeger, president and CEO" of NASFAA to Yahoo Finance!, a...
Pell Grant Protection Act Calls For Summer Education Funding
June 11, 2014 - "Amid 2011 budget cuts, Congress decided to withdraw year-round Pell Grants, leaving about 1 million students to find an alternative way to finance their summer education. In April, a handful of U.S. senators and representatives announced they’re trying to bring the grants back. Karen McCarthy, senior p...
Forget Elizabeth Warren
June 10, 2014 - "With summer campaign season underway, the Democrats are looking to rouse young voters by offering them a break on their student debt," Slate's MoneyBox reports in an article that quotes NASFAA President Justin Draeger.
Making Student Loans More Affordable
June 9, 2010 - "President Obama declared 2014 a year of action – vowing to use the power of his pen and phone to help ensure that hardworking Americans have the opportunity to succeed. And this week will be no different," the White House says in a press release that mentions NASFAA. "Working with student debt researche...
Ohio: Scholarship Change Draws Ire
June 5, 2014 - "The University of Akron is facing accusations it pulled a bait-and-switch on perhaps hundreds of its scholarship students," Inside Higher Ed reports. "Justin Draeger, president of the National Association of Student Financial Aid Administrators, said that when the association lobbies about changes to fe...
Pennsylvania: Charter Pupils Get $100,000 Scholarships To Widener U.
June 5, 2014 - "Widener University announced that it would award $100,000 scholarships to every eighth-grade student who graduates from Widener Partnership Charter School in Chester," The Philadelphia Inquirer reports. "'The earlier the better,' Jesse O'Connell, a spokesman for [NASFAA], said about awarding scholarship...
The Future Of College Financial Aid: An Interview With Justin Draeger
June 5, 2014 - "With college costs continuing to rise and the US economy still sputtering, financial aid for college is more important than ever to families trying to foot the bill. The big question then is what is the future of college financial aid? For that answer I turned to the man at the top, Justin Draeger, the ...
New UofL Financial Aid Director Back To Where Career Started
June 4, 2014 - "Sandra J. Neel, the University of Louisville’s new executive director of financial aid [and former NASFAA board member], has come full circle," UofL Today reports.
This Program Improved College Graduation Rates. So Why Was It Abandoned?
June 3, 2014 - "A group of Democratic senators led by Mazie Hirono of Hawaii has introduced a bill to restore summer Pell Grants. Among other options being discussed by the House education committee is a 'Pell Well' of funds from which students could withdraw over the course of their educations, regardless of the time ...
Bill Aims To Ease Student Loan Burden
May 28, 2014 - "The Bank on Students Emergency Loan Refinancing Act — which [Sen. Dick] Durbin co-sponsored with Sen. Elizabeth Warren, D-Mass. — would allow students with older, higher-interest loans to refinance at lower rates," The News-Gazette reports. "Dan Mann, UI director of financial aid [and NASFAA treasurer],...
Repayment Strategies For Your Student Loans
January 11, 2014 - "[S]tudent loan default rates rose steadily from 4.6 percent in 2005 to over 10 percent in 2011, according to the federal data. Justin Draeger, president of the National Association of Student Financial Aid Administrators, thinks he knows why," CNBC reports. "The counseling sessions aren't reaching ...
Summit County’s Congressman Jared Polis Pushes Budget, Flood, Student Debt Initiatives In House
November 22, 2013 - "U.S. Rep. Jared Polis, D-Boulder, was busy this week championing efforts for a balanced budget, flood relief for Colorado’s energy sector and a commonsense solution to the rising student loan debt crisis," according to Summit Daily. "The crusade began Wednesday when Polis teamed up with California...
Polis Introduces Legislation To Address Crisis Of Rising Student Loan Debt
November 21, 2013 - "Rep. Jared Polis , D- Colo. (2nd CD), issued the following news release: Today, Congressman Jared Polis (D-CO), along with Representatives Allyson Schwartz (D-PA) and Tim Bishop (D-NY), introduced legislation to tackle the rising student loan debt crisis by bringing fairness, common sense, and tra...
The PLUS Loan Problem
August 16, 2013 - "This week, the U.S. Department of Education announced changes to the PLUS loan underwriting standards that may help previously denied PLUS loan applicants obtain loans," NASFAA President Justin Draeger writes in an opinion piece for Inside Higher Ed. "The National Association of Student Financial Ai...
More Protection Is Needed For Private Student Loans
July 21, 2013 - "With the confirmation of Richard Cordray, the Consumer Financial Protection Bureau is poised to extend greater protections to students and parents who borrow private education loans," NASFAA President Justin Draeger writes in The New York Times' Room for Debate on the "Consumer Finance Agency's New Cl...
Georgia: Local Students Brace For Loan Rate Increases
July 2, 2013 - "College students looking to get government loans to help pay for their education may want to think twice before signing on the dotted line after the large interest-rate hike took effect Monday, effectively doubling the rates on student loans nationwide," The Marietta Daily Journal reports. "Because of ...
Student Loan Rates Double Without Congress' Action
July 2, 2013 - "College students' interest rates are at the mercy of Congress. The interest rates on subsidized Stafford loans doubled from 3.4 percent Monday and could stay doubled unless Congress fulfills its pledge to restore lower rates when it returns from the Fourth of July holiday," the Associated Press reports...
College Loan Rates Double As Frustration With Congress Grows
July 1, 2013 - "As student loan interest rates doubled Monday, Republicans and Democrats in Washington criticized each other for failing to come to a last-minute agreement and stave off the increase," the Washington Times reports. “'We’re disappointed that lawmakers were unable to find a bipartisan solution that would...
Some Proposals to Remake Student Aid Would Harm College Access, Panel Warns
July 1, 2013 - "In a report released late Sunday night, the Advisory Committee on Student Financial Assistance urges lawmakers to give 'special scrutiny' to five ideas that it says could 'worsen inequality in college completion,'" The Chronicle of Higher Education reports. "Justin Draeger, president of the National As...
Congress Gets An ‘F’ On Student Loan Crisis
June 28, 2013 - "While you were refreshing SCOTUSBlog or celebrating the death of DOMA, Congress has been trying and failing to prevent interest rates on federal Stafford loans—the most popular form of college funding—from increasing from 3.4 percent to 6.8 percent," the Daily Beast reports. "Justin Draeger, president...
Higher Student-Loan Interest Rates Could Have Political Costs
June 28, 2013 - "Senate Democrats... find themselves on the defensive, forced to explain their inaction on an issue that just last year helped the party win the student vote," The Chronicle of Higher Education reports. "Justin Draeger, president of the National Association of Student Financial Aid Administrators...poi...
Ruling On Same-Sex Marriage Will Affect Student Aid For Such Couples
June 27, 2013 - "The Supreme Court's decision striking down the federal Defense of Marriage Act of 1996 will result in the fairer treatment of married gay students, financial-aid experts say, giving the government a truer picture of the students' ability to pay for college," The Chronicle of Higher Education reports. ...
Even With Student-Loan Compromise, Rates Will Likely Increase
June 26, 2013 - "A small bipartisan group of senators is close to reaching a compromise to avert the impending increase on student-loan interest rates, but it’s far from a done deal," The National Journal reports. NASFAA President Justin Draeger is quoted in the article.
Deadline Nears For Higher Student Loan Rates
June 25, 2013 - "It's crunch time for students who rely on subsidized government loans -- interest rates on them double to 6.8% on July 1," CNN Money report. "'We're advising our schools to tell students that their subsidized Stafford interest rates are going to be 6.8% on July 1,' said Justin Draeger, president of th...
DC Students and Colleges Share Their Thoughts on the Student Loan Interest Rates Controversy
June 6, 2013 - "Now that you know what the student loan debate is all about (if not, you should read this), it's time to hear from some of the lesser heard voices who are apt to be greatly impacted by whatever decision is to be made about the interest rates on subsidized Stafford Loans," In The Capital reports. NASFAA...
So How Much Will It Cost To Send Your Child To College This Year?
May 7, 2013 - "Across the country many parents are experiencing a variety of emotions," the Huffington Post reports. NASFAA is mentioned in the article.
Sequestration Budget Cuts: Which WI Counties Have the Most Federal Employees?
Feb. 28, 2013 - "Unless Congress reaches a last-minute agreement on the sequester by Friday, the huge budget cuts slated to kick in have the potential to affect more than 6,200 federal employees working in Milwaukee County," Patch.com reports. "Barring any kind of deal, the Obama administration will have to impose $85...
The Sequester: Shenanigans or Serious Business?
Feb. 28, 2013 - "If the federal government imposes the $85 billion "sequester" cuts, which could go into effect Friday night, the changes may not be immediately apparent for many metro Atlanta residents," Patch.com reports. "Many of the departments and agencies likely to be affected, such as the Federal Bureau of Inve...
University Business: Support for Proposed Legislation from Financial Aid Administrators
Feb. 22, 2013 - Rep. Tom Petri’s proposed overhaul of federal student loans encompasses a number of concepts and concerns that have gained growing attention recently as political rhetoric surrounding student loan reform heats up. Critics of the existing loan programs cite increasing complexity, unpredictability, and f...
How to Use Obama's College Scorecard
Feb. 13, 2013 - "President Obama wasted no time fulfilling one of the promises made in last night's State of the Union address, releasing the administration's new College Scorecard earlier today," U.S. News reports.
Should All Students Be Able to Borrow? Maybe Not, Says One Group
Feb. 13, 2013 - "When the Bill Melinda Gates Foundation asked 16 organizations to 'reimagine' the financial-aid system, one grant recipient saw an opportunity," The Chronicle of Higher Education reports. The article discusses NASFAA's RADD report.