Student-Aid Association Suggests Changes in Student-Loan System
"While the average graduating senior who took out student loans leaves college with what should be a manageable level of loan debt—around $26,500—concerns about student debt are persistent and widespread," The Chronicle of Higher Education's Head Count blog reports. "The National Association of Student Financial Aid Administrators took account of that broad concern and decided to convene a task force of its members to comb through research and trends, and offer recommendations for improving the student-loan system. On Wednesday the association, known as Nasfaa, released a report laying out those recommendations, which have been endorsed by its board. The recommendations call for ... allowing aid administrators to set lower loan limits under certain scenarios."
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NASFAA's "Financial Aid in the News" section highlights media coverage of financial aid to help members stay up to date with the latest news. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.