What the Future Might Hold for Financial Aid
"No one would have been able to predict back in 2002 the changes and challenges financial-aid professionals have faced in the last decade, David Mohning said at the start of a panel discussion he moderated here on Monday at the annual meeting of the National Association of Student Financial Aid Administrators," Beckie Supiano writes for the Chronicle of Higher Education's Head Count blog. "But that didn’t stop Mr. Mohning, executive director of financial aid and assistant professor at Vanderbilt University, and four other longtime aid administrators from making some predictions about what the next 10 years might hold for their profession. Thomas Babel, vice president for regulatory affairs at DeVry Inc., predicted that financial aid would move from a school-based system to a student-based one, in which students would receive grants and loans for units they accumulated in a variety of settings. If higher education’s delivery model changes, he said, and students turn to providers who help them piece together a program from multiple institutions, those providers will also be the source of student services like financial counseling. William Spiers, director of financial aid at Tallahassee Community College, expects more attention will be paid to students’ academic preparation. "
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