Facebook Campaign Seeks to Save Student Aid

FOR IMMEDIATE RELEASE
Contact: Haley Chitty
Director of Communications
(202) 785-6959
chittyh@nasfaa.org 

Student groups, financial aid administrators launch Facebook campaign to oppose student aid cuts 

Washington, D.C. -- February 22, 2011 -- The National Association of Student Financial Aid Administrators (NASFAA), the U.S. Public Interest Research Group (US PIRG) and the U.S. Student Association (USSA) have launched a Facebook campaign (Facebook.com/SaveStudentAid) to oppose legislation that would cut college students' federal student aid for the upcoming academic year.

The U.S. House of Representatives passed a stop-gap spending bill (H.R. 1) on Saturday that would slash 2011-12 Pell Grant awards by more than 15 percent, reducing the maximum award from $5,550 to $4,705 -- a $845 cut. The Pell Grant program is the cornerstone of the federal student aid system that provides grants to 9.4 million low- and moderate-income undergraduates to pay for college and graduate into the workforce. These students are currently receiving financial aid packages from colleges and universities based on a $5,550 maximum Pell. If Congress cuts funding for Pell Grants, aid packages would be revised, cutting the average Pell award by $785 and eliminating grant access for hundreds of thousands of students.

"By threatening to cut student aid funding, Congress is creating financial uncertainty for the nation's most vulnerable students and families -- those who are already struggling to pay for college," said NASFAA President Justin Draeger. "If Congress cuts Pell Grants now, low and moderate income students and families will have little time to figure out how to come up with the additional funds they'll need to pay for college. In the best-case scenario, impacted students would be forced to take on additional student loan debt; in the worst-case they could delay -- or even abandon -- their college aspirations."

"The proposal to cuts Pell aid for next academic year couldn't come at a worse time," said Rich Williams, higher education advocate for U.S. PIRG. "Right now our high schools best and brightest seniors and current college students are deciding if they can afford college next year. The proposed cuts will discourage millions of students from pursuing college training and graduating at a time when our economy demands more highly skilled workers."

NASFAA, U.S. PIRG and USSA encourage students and families to join the Save Student Aid Facebook campaign to let lawmakers know the importance of Pell, and what would happen if Congress cut their grant. Check out the campaign online at http://www.facebook.com/SaveStudentAid.

About NASFAA 
The National Association of Student Financial Aid Administrators (NASFAA) is a nonprofit membership organization that represents nearly 20,000 financial aid professionals at 2,800 colleges, universities, and career schools across the country. Each year, financial aid professionals help more than 16 million students receive funding for post secondary education. Based in Washington, D.C., NASFAA is the only national association with a primary focus on student aid legislation, regulatory analysis, and training for financial aid administrators. For more information, visit http://www.nasfaa.org.

About U.S. PIRG
The federation of state Public Interest Research Groups, is a non-profit, non-partisan public interest advocacy organization. For more information, visit http://www.uspirg.org. For more on U.S. PIRG's Affordable Higher Education Campaign, visit http://www.uspirg.org/higher-education.

About USSA
The United States Student Association, the country's oldest and largest student-led organization, represents over 4.5 million students at over 400 campuses across the nation.  We work to develop current and future leaders and amplify the student voice at the local, state, and national levels by mobilizing grassroots power to win concrete victories on student issues. For more information about USSA, visit http://www.usstudents.org.

5 Tips For Advising Undocumented Students About Financial Aid
Feb. 24, 2014 – The plight of prospective college-going undocumented students is easing slowly but surely. At least 17 states have passed some version of the Development, Relief, and Education for Alien Minors (DREAM) Act, allowing qualifying students without citizenship status to pay in-state tuition at public colleges in the state in which they reside. But many of those states still do not also extend state financial aid eligibility to undocumented students, so college remains an expensive endeavor.
April 17 Is Tax Day: NASFAA Guide Helps Families Understand Education Tax Benefits & Get The Money They Deserve
March 19, 2012 -- NASFAA has released a new, free Tax Benefits Guide designed to help students and families navigate the sometimes thorny task of determining which higher education tax benefits  you qualify to receive—and which will secure you the maximum return on April 17. The federal government provides roughly $15 billion in tax savings to more than 10 million students and families every year.
As Student Loan Default Rates Rise Again, NASFAA Offers Solutions to Curb Debt
September 30, 2013 - The U.S. Department of Education today released the average FY 2011 two-year and the FY 2010 three-year cohort default rates (CDRs). The two-year rate increased to 10 percent from 9.1 percent in FY 2010, and the three-year rate now stands at 14.7 percent (up from 13.4 in FY 2009). Under current rules, all schools with two-year default rates of 25 percent or greater for three consecutive years and schools with three-year default rates of 30 percent or higher for three consecutive years may lose eligibility in the federal student aid programs—a devastating outcome for any school or student body.
Don't Be Afraid to Save! Student Aid Eligibility Is Not Decreased by College Savings
September 19, 2013 - As students head back to campus for the start of the 2013-14 school year, the National Association of Student Financial Aid Administrators (NASFAA) advises them to consider their new and accumulated loan debt, and make sure they are only borrowing what is absolutely needed.
Facebook Campaign Seeks to Save Student Aid
Feb. 22, 2011 - NASFAA joins forces with USPIRG and the U.S. Student Association to oppose legislation that would cut college students' federal student aid this fall.
Filing Your 2013 Taxes? NASFAA Offers Resources on Education Tax Benefits to Students, Families
March 26, 2014 - NASFAA has released a new, free Tax Benefits Guide for Tax Year 2013 designed to help students and families navigate the sometimes thorny task of determining which higher education tax benefits you qualify to receive—and which will secure you the maximum federal return.
Financial Aid Administrators Issue Updated 2013 National Profile of Federal Student Aid Programs
June 27, 2013 - The National Association of Student Financial Aid Administrators (NASFAA) released an updated edition of its annual federal student aid primer, the National Student Aid Profile, to better inform members of the media, policymakers and other interested parties about the facts surrounding student aid issues and funding.
Financial Aid Administrators Issue Updated 2014 National Profile of Federal Student Aid Programs
July 30, 2014 - The National Association of Student Financial Aid Administrators (NASFAA) today released an updated edition of its annual federal student aid primer, the National Student Aid Profile, to better inform members of the media, policymakers and other interested parties about the facts surrounding student aid issues and funding.
Financial Aid Administrators Issue Updated National Profile of 2012 Federal Student Aid Programs
June 27, 2012 -- NASFAA released an updated edition of its annual federal student aid primer, to better inform members of the media, policymakers and other interested parties about the facts surrounding student aid issues and funding.
Financial Aid Administrators Offer Loan Repayment Advice to Recent College Graduates
Nov. 15, 2012 -- As May graduates exit their student loan repayment grace period, NASFAA provides tips on selecting a repayment plan. 
Financial Aid Administrators to Examine Award Letter and Consumer Information Best Practices
Dec. 5, 2011 - NASFAA announced the creation of a special Task Force to examine best practices in award notification and consumer information.
Financial Aid Experts Discuss Pell Grants and College Access at NASFAA Forum
Jan. 18, 2012 --  Student financial aid experts discussed the importance (and limitations) of the Federal Pell Grant program in increasing college access  at a forum held Jan. 18 at the U.S. Capitol
Free Resources Help Students Apply For Aid, Reduce the Cost Of College
Jan. 24, 2011 -- NASFAA has developed three free resources to help students accurately file the FAFSA. These resources provide a wealth of information for students, families and counselors who advise families trying to pay for college.
Free Resources Help Students Apply For Financial Aid, Reduce the Cost of College

Jan. 16, 2013 – January 1 marked the annual release of the Free Application for Federal Student Aid (FAFSA), required by colleges and universities across the nation to determine a student’s eligibility for federal financial aid, federal grants and certain institutional aid.

Free Resources to Help Students, Families Apply for Federal Financial Aid
Jan. 7, 2014 – The new year is upon us, and with it comes the newly updated Free Application for Federal Student Aid (FAFSA) for the 2014-15 school year—and a new batch of students and families who are wondering how they’ll pay their college costs next year. Although the FAFSA is easier than ever to complete online (www.fafsa.gov), the application process for federal financial aid can still be daunting. The National Association of Student Financial Aid Administrators (NASFAA) has developed a toolkit of free resources to help students accurately file the FAFSA.
Free Web Resource Center Highlights Value of Higher Education, and How to Pay for It
October 23, 2014 - College admissions season is already underway for early applicants - and a free web resource center demonstrates the many ways they could benefit if they ultimately enroll in an institution of higher education.
Higher Education Advocacy Groups To Dig Deeper On Federal Student Loan Design & Delivery
September 12, 2013 - Nine student-aid advocacy and research organizations have announced that they will serve as a consortium to look specifically at issues and challenges pertaining to student loan repayment, with an emphasis on income-based repayment. The National Association of Student Financial Aid Administrators (NASFAA),Young Invincibles, Institute for Higher Education Policy, HCM Strategists, New America Foundation, National College Access Network, Committee for Economic Development, the National Campus Leadership Council, and Association of Public and Land-grant Universities will take part in Reimagining Aid Design and Delivery (RADD) Phase #2, through a $310,000 shared grant from the Bill & Melinda Gates Foundation.
Higher Education Experts Call for Fix to Student Loan Repayment Program to Address Surging Defaults
March 20, 2014 - A consortium of higher education organizations called on Congress to reform the overly complex repayment process for federal student loans by automatically enrolling all new borrowers in a single repayment plan based on income. Defaults among federal student loan borrowers have nearly doubled over the last five years and federal student loan delinquencies are at an all-time high.
How to Prevent Millions of Dollars In Financial Aid Errors
September 30, 2014 - Too many students seeking financial aid for higher education have incorrectly reported their family income on the Free Application for Federal Student Aid (FAFSA), leading to millions of dollars of “improper payments” from the Pell Grant program, according to a recent federal report. The National Association of Student Financial Aid Administrators (NASFAA) has a solution that could be implemented now to help prevent the errors.
Independent Consumer Testing Demonstrates Concerns with Standardized Financial Aid Award Letters

April 2, 2013 -- As college costs and student debt continue to expand, lawmakers and the public have increasingly called for better and more useful consumer information about the true cost of college. In an effort to improve financial aid award letters, the National Association of Student Financial Aid Administrators (NASFAA) engaged with JBL Associates, Inc. (JBLA), an independent research firm, to consumer-test three different types of award letters with students and families. 

Join NASFAA at July 30 Policy Briefing on Student Financial Aid Programs

July 17, 2014 - This Wednesday, July 30 briefing, hosted by the National Association of Student Financial Aid Administrators (NASFAA) is open to lawmakers, congressional staffers, media and anyone interested in gaining background on current financial aid programs—as outlined in NASFAA’s newly updated National Student Aid Profile: Overview of 2014 Federal Programs.

Joint Task Force To Examine Student Loan Servicing Challenges
June 17, 2014 – The National Association of Student Financial Aid Administrators (NASFAA) is pleased to announce a new partnership with the National Direct Student Loan Coalition (NDSLC) to create a joint Task Force on student loan servicing issues.
Leaders Convene In DC for Sen. Brown's Fifth Annual Ohio College and University Presidents Conference
March 27, 2012 -- U.S. Sen. Sherrod Brown (D-OH) convened his fifth annual college and university presidents conference in Washington, D.C. today with more than 50 presidents from colleges and universities across Ohio. Brown’s forum – the first of its kind – is aimed at connecting educators with business leaders to advance regional economic development.
Media Advisory: Financial Aid Experts Available To Discuss New Federal Student Loan Cohort Default Rates
September 15, 2014 - In the coming days, the U.S. Department of Education (ED) will release the latest-available data on student loan borrowers who fell so far behind on repayments that they defaulted. The National Association of Student Financial Aid Administrators (NASFAA) has experts on hand to provide context on student loan trends and comment on what this key education finance information means for students, taxpayers, policymakers, and institutions.
Media Advisory: More Can Be Done to Improve Federal Student Loan Repayment

September 24, 2014 - New data released by the Department of Education show 14 percent of federal student loan borrowers are defaulting on their loans within three years of entering repayment. While the percentage of students who defaulted decreased from 14.7 percent last year to 13.7 percent this year, far too many borrowers struggle to keep their federal student loans in good standing.  

Media Advisory: Student Loans, Consumer Disclosure & Financial Literacy Among Topics Addressed At NASFAA’s 2013 National Conference
May 31, 2013 – Media covering higher education, student financial aid, and planning and paying for college should save the date for the 2013 National Association of Student Financial Aid Administrators’ (NASFAA) conference, held July 14-17 at the ARIA Resort & Casino in Las Vegas.
MEDIA ALERT: Sen. Lamar Alexander to Talk Financial Aid in Nashville on June 30
June 26, 2014 - Attendees of the 2014 NASFAA National Conference—nearly 2,500 financial aid professionals from higher education institutions all across the U.S.—will be joined by Sen. Lamar Alexander (R-TN), ranking member of the Senate Health, Education, Labor, and Pensions Committee and longtime education advocate.
MEDIA AVAILABILITY: NASFAA Offers Financial Aid Experts to Speak on Student Loan Default Rates
Sept. 14, 2012 - The U.S. Department of Education has said it will release the FY 2010 two-year cohort default rates (CDRs) on Sept. 17 and the FY 2009 three-year CDRs on Sept. 24 to schools, guaranty agencies and lenders.
Media Availability: NASFAA Comments on College Board’s 2013 Trends Reports
Oct. 23, 2013 - This morning, the College Board released its annual Trends in Student Aid and Trends in College Pricing reports.  Taken together, the reports help to illuminate how much college costs, who pays for college, who’s receiving financial aid and in what types and amounts, and how much student debt has accumulated over time, among other topics.
Media Availability: NASFAA Comments on Declining Student Debt In College Board’s 2014 Trends Reports
November 13, 2014 – Higher education costs and the ways students finance them have largely recovered since the recession, financial aid representatives’ analysis of a new College Board report shows.
NASFAA 2013 Awards Announced in Las Vegas

July 17, 2013 - National Association Bestows 2013 Awards on Financial Aid Administrators, Higher Education Community Leaders That Exemplify Excellence in Serving Students, Schools July 17, 2014 Las Vegas, NV Each year, the National Association of Student Financial Aid Administrators (NASFAA) presents awards to

NASFAA 2014 Awards Announced in Nashville; Winners Include Sen. Lamar Alexander, Rep. George Miller
July 1, 2014 - Each year, the National Association of Student Financial Aid Administrators (NASFAA) presents awards to the most deserving members of the financial aid profession and higher education community.
NASFAA Announces Commitment to Expand College Access at White House Event
December 4, 2014 - Today, the National Association of Student Financial Aid Administrators (NASFAA) and President Justin Draeger will join President Obama, the First Lady, and Vice President Biden along with hundreds of college presidents and other higher education leaders to announce new actions to help more students prepare for and graduate from college.
NASFAA Board of Directors Renews President Draeger's Contract for Two More Years
Jan. 16, 2013 -- The board of directors of the National Association of Student Financial Aid Administrators has voted to extend NASFAA President Justin Draeger's contract for two additional years, through June 2015.
NASFAA Comments on Department of Education, CFPB Financial Aid Shopping Sheet
July 24, 2012 -- NASFAA President Justin Draeger issued the following statement regarding the the U.S. Department of Education (ED) and the Consumer Financial Protection Bureau's (CFPB's) final version of the financial aid Shopping Sheet
NASFAA Estimates Federal Student Loan Interest Rates For 2014-15 School Year

May 8, 2014 - As students receive and begin reviewing their financial aid packages for the 2014-15 school year, the National Association of Student Financial Aid Administrators (NASFAA) advises them to take a look at their student loans since federal student loan interest rates are set to increase

President Obama last year signed into law a bill that ties student loan interest rates to the 10-year Treasury note auctioned off before June 1. Based on yesterday’s auction, NASFAA has projected the 2014-15 interest rates for all Direct Loans with a first disbursement on or after July 1, 2014.

NASFAA Offers Advice for Consumers, Policymakers on Student Loan Repayment
October 31, 2014 -- After six months free from homework and exams, many college graduates in the Class of 2014 are about to face a new school-related deadline: monthly student loan payments.
NASFAA Offers Repayment Advice As Six-Month Grace Period for Student Loan Borrowers Draws to a Close
Nov. 7, 2013 - November is not all football games and turkey dinners. This month also marks the end of the six-month, federal student loan “grace period” for Class of 2013 college graduates—and now those loan payments are about to come due for the first time. “Determining the best repayment strategy for you and your family is absolutely vital—and thankfully there are a number of options that make repayment more manageable,” said Justin Draeger, president of NASFAA.
NASFAA Offers Support For Sen. Booker’s 'Simplifying Financial Aid For Students Act of 2014'
May 15, 2014  - Today the National Association of Student Financial Aid Administrators (NASFAA) offered its strong support for a new bill, “The Simplifying Financial Aid for Students Act of 2014.” Sponsored by Sen. Cory Booker (D-NJ), the measure would require the use of prior-prior year (PPY) income data to determine student aid eligibility.
NASFAA Partners with White House & Education Dept. to Connect Work-study Jobs to Career Goals
Dec. 9, 2011 - NASFAA announced yesterday that it is partnering with the U.S. Department of Education and other stakeholders on a White House initiative to encourage college campuses to use the Federal Work-Study Program (FWS) to place students in positions related to their learning and career interests and goals.
NASFAA President Justin Draeger to Testify Before Congress on Loan Programs
March 13, 2013 -- Today at 10:00 am ET Justin Draeger, president and CEO of the National Association of Student Financial Aid Administrators (NASFAA), will testify before the U.S. House of Representatives at the Committee on Education and the Workforce’s hearing on "Keeping College Within Reach: Examining Opportunities to Strengthen Federal Student Loan Programs."
NASFAA President Justin Draeger to Testify Before Congress on Pell Grant Program
Dec. 3, 2013 - Today at 10:00 am ET Justin Draeger, president and CEO of the National Association of Student Financial Aid Administrators (NASFAA), will testify before the U.S. House of Representatives at the Subcommittee on Higher Education and Workforce Training’s hearing, "Keeping College Within Reach: Strengthening Pell Grants for Future Generations."
NASFAA President Statement on Low Pell Grant Payment Error Rate
Nov. 5, 2011 - In response to the Obama administration's announcement that the rate of improper payments in the Pell Grant program fell to 2.7% in 2011, National Association of Student Financial Aid Administrator President Justin Draeger issued this statement.
NASFAA Provides School-by-School Estimates of Potential Sequester Cuts: How Will Your Local Students be Harmed?

Feb. 26, 2013 -- Student financial aid administrators, college presidents, and consumers have all seen recent reports about the impact of March 1 across-the-board spending cuts (e.g. “sequestration”) on key federal programs that assist students and families in paying for college. To provide some context on what these cuts might mean in real dollars, NASFAA—the association representing nearly 20,000 financial aid professionals from all sectors of higher education—has created a PDF spreadsheet that estimates campus-based reductions for more than 4,000 schools across the country if the looming sequester is enacted this Friday.

NASFAA Reimagines the Design & Delivery of Student Financial Aid
Feb. 13, 2013 -- As the student aid programs rapidly approach reauthorization in 2014, they continue to face severe funding and efficiency problems. With grant assistance from the Bill & Melinda Gates Foundation through their “Reimagining Aid Design and Delivery” (RADD) project, NASFAA today released a policy brief examining the current systems of student aid with an eye towards reimagining how they could be improved in the future.
NASFAA Releases Interactive Tool for Navigating the Federal Budget Process
June 6, 2014  - What is the purpose of the president’s annual budget request and when can it be expected? What is the role of a Congressional Budget Committee? How does it differ from Appropriations? What is an omnibus spending bill, and when does it come into play? The National Association of Student Financial Aid Administrators (NASFAA) has created a new, interactive Federal Budget Tool to help you ascertain the answers to these questions, and to navigate the process through which the federal student aid programs are funded each year.
NASFAA Report: Continue Public Service Loan Forgiveness Program, With Modifications

July 30, 2014 - A new report authored by a broad cross section of the nation’s financial aid administrators makes key recommendations for continuing and improving the Public Service Loan Forgiveness program.

NASFAA Report: Simple Change in Tax Year Data Collected Would Streamline Aid Process For Needy Students
October 21, 2013 - The National Association of Student Financial Aid Administrators (NASFAA) has released the final report of its prior-prior year (PPY) income tax study, “A Tale of Two Income Years,” funded through a Bill & Melinda Gates Foundation grant.  NASFAA asked whether using two-years’ prior income tax data on the federal student aid application (as opposed to one-year prior) could potentially provide students and families with earlier award notification—and whether Federal Pell Grant awards would change with a move to PPY.
NASFAA Statement on “Smarter Solutions for Students Act”
May 9, 2013—In response to HR 1911, the “Smarter Solutions for Students Act” put forth by the House of Representative’s Committee on Education and the Workforce, National Association of Student Financial Aid Administrators (NASFAA) President Justin Draeger issued the following statement.
NASFAA Statement on Cohort Default Rates
Sept. 14, 2012 -- "As economic recovery limps along and the job market slowly bounces back, it’s no surprise that default rates continue to stagnate or increase," says NASFAA President Justin Draeger.
NASFAA Statement on College Board Trends Report
Oct. 24, 2012 -- NASFAA President Justin Draeger offers context for College Board financial aid and college cost data.
NASFAA Statement on Deal to Temporarily Extend 3.4% Rate on Subsidized Student Loans
June 27, 2012 -- NASFAA President Justin Draeger issued this statement in response to the proposal to temporarily extend the 3.4 percent rate on subsidized Stafford loans and to permanently limit eligibility for these same subsidized loans to 150 percent of the program length.
NASFAA Statement on HR 1911, The Smarter Solutions for Students Act
May 23, 2013— The following statement was issued by NASFAA President Justin Draeger.
NASFAA Statement on Obama's 2013 Budget Request
Feb. 13, 2012 -- National Association of Student Financial Aid Administrators (NASFAA) President Justin Draeger issued this statement in response to President Obama's fiscal year (FY) 2013 Budget Request.
NASFAA Statement on President’s 2014 Budget Request

April 10, 2013 -- In response to President Obama's fiscal year (FY) 2014 budget request, National Association of Student Financial Aid Administrators (NASFAA) President Justin Draeger issued the following statement...

NASFAA Statement On Rep. Petri’s Bill To Move to Full Income Contingent Repayment
Dec. 18, 2012 -- In an effort to reduce complexity, improve default rates, and increase the effectiveness of federal student loan subsidies, Rep. Tom Petri (WI-R) introduced the Earnings Contingent Education Loans Act of 2012 yesterday that would replace and restructure Federal Direct Student loans. The new loans would be unsubsidized and would require income-contingent repayment (ICR) for all borrowers through a system of payroll withholdings from earnings through the Internal Revenue Service (IRS), similar to federal tax withholdings. This approach would shift federal benefits from the front end (as is currently awarded through subsidized Stafford loans) to the back end (by providing relief to borrowers who need it based on their circumstances during repayment).
NASFAA Statement On Sen. Harkin’s Higher Education Affordability Act
June 26, 2014 — Yesterday, Sen. Tom Harkin (D-IA), chairman of the Senate Committee on Health, Education, Labor, and Pensions, introduced a draft of the Higher Education Affordability Act (HEAA). NASFAA President Justin Draeger issued the following statement.
NASFAA Statement on the Bipartisan Student Loan Certainty Act
July 18, 2013 -- Today, a group of U.S. Senators from both sides of the aisle introduced a compromise measure to lower interest rates for 100 percent of borrowers who have taken out, or will take out, a new federal student loan after July 1, 2013.
NASFAA Supports Improved College Cost Disclosures
May 23, 2012 -- When students and families make critical decisions about which college to attend, they often rely on the information colleges and universities send them in a financial aid award letter. However, a lack of consistency between schools’ award letters can cause confusion and make it difficult for students and families to make comparisons. This confusion has policymakers to explore ways to improve award letters. To help this effort, NASFAA has issued recommendations to ensure award letters provide students and families with information that is clear, concise and consistent.
NASFAA Task Force Issues 8 Recommendations for Reducing Student Loan Indebtedness
Feb. 27, 2013 -- Student financial aid administrators, policymakers, and the general public have all expressed increasing concern about student loans, debt levels, and rising default rates, which coincide with worries about college costs, affordability, and transparency. That’s why NASFAA—the association representing nearly 20,000 financial aid professionals from all sectors of higher education—convened a task force in 2012 to study this issue and make recommendations for improvement.
NASFAA Task Force to Present Congress with Higher Education Act Policy Recommendations
Jan. 9, 2012 -- As the 2013 Higher Education Act expiration approaches, NASFAA has formed a task force to consult with NASFAA’s membership and other important groups and agencies to develop recommendations to the NASFAA board on policy issues and specific statutory changes in the federal student aid programs and their delivery systems.
NASFAA To Policymakers: Take Caution In Comparing Institutions of Higher Education

March 5, 2014 - A new policy brief “Peers In PIRS: Challenges & Considerations For Rating Groups Of Postsecondary Institutions” focuses on the challenges associated with grouping and comparing peer institutions under the Obama Administration’s proposed college rating system. A number of key elements in the Obama Administration’s proposed college rating system—known as the Postsecondary Institution Ratings System, or PIRS—have yet to be defined, as policymakers continue to seek input from the higher education community.

 

NASFAA to Students: New School Year, New Student Loan Interest Rates
August 21, 2013 – As students head back to campus for the start of the 2013-14 school year, the National Association of Student Financial Aid Administrators (NASFAA) advises them to consider their new and accumulated loan debt, and make sure they are only borrowing what is absolutely needed.
NASFAA University Strengthened By Psychometric Analysis
Jan. 29, 2014 – NASFAA University is now working with Assessment Systems Worldwide (ASW), a leader in the assessment and testing industry since 1979, to perform a psychometric analysis of the NASFAA University Credential Tests. Psychometrics is the field of study concerned with the measurement of knowledge, and ASW will perform a Cut-Score Study to identify the most appropriate passing score for each NASFAA U credential test. Eight tests are currently available, with the remaining eight to be released in 2014.
NASFAA Website Wins 'Best in Class' from Interactive Media Awards

March 24, 2011 - The new NASFAA.org received highest honors for planning, execution and overall professionalism.

NASFAA’s New Mobile Tool Helps Administrators Find Key Financial Aid Information on the Fly
April 1, 2014 - Today, the National Association of Student Financial Aid Administrators (NASFAA) unveiled a new, mobile-friendly tool that compiles important financial aid regulations, legislation, and other key resources into one convenient place so financial aid office staff have the information they need to better serve students and families.
National Initiative Will Explore How To Make Federal Student Aid Work Better For Students
August 27, 2012 -- NASFAA announced it has been awarded a grant from the Bill & Melinda Gates Foundation to examine current systems of aid design and delivery, with an eye toward reimagining how they may be improved in the future. The grant was awarded to NASFAA as part of larger project, Reimagining Aid Design and Delivery (RADD).
National Study Will Examine the Use of Earlier Income Data in Student Aid Eligibility
Jan. 30, 2012 -- NASFAA has been awarded a grant from the Bill & Melinda Gates Foundation to study the use of prior-prior year (or two years prior) income data to determine eligibility for student financial aid.
New NASFAA Chart Clarifies Student Loan Interest Rate Proposals

May 21, 2013—Last week saw a flurry of legislative proposals created to address the subsidized Stafford loan interest rate increase scheduled to occur on July 1—a change that could impact 9.4 million people nationwide.  These proposals join previously offered proposals from both President Obama and Senate Republicans. While some proposals would be more beneficial for certain students, it is unclear whether any one of these bills contains a politically or fiscally viable pathway forward.

New NASFAA White Paper: Burdensome Reporting Requirements May Harm Students
Nov. 20, 2013 - The National Association of Student Financial Aid Administrators (NASFAA) today released a brief stressing that greater transparency is needed from the Department of Education in order to gain a better understanding of how administrative burden estimates are calculated with respect to federal regulations governing student financial aid.
New Tools Help Students Evaluate College Costs and Quality
Oct. 31, 2011 - NASFAA has published a new resource to help students and families evaluate colleges and universities and estimate the out-of-pocket costs, or "net price," of higher education. NASFAA's issue brief highlights some of the consumer information colleges provide and analyzes what this information says about a school and some of the limitations of the data.
Presidential Campaign Representatives, Sen. Durbin to Discuss Student Aid
July 12, 2012 -- It's not too late to make plans to attend and report on the 2012 National Association of Student Financial Aid Administrators (NASFAA) conference, held July 22-25 at the Hyatt Regency Chicago.
Presidential Campaign Reps To Discuss Student Aid At NASFAA National Conference, July 22 In Chicago
May 31, 2012 -- There’s a new reason to save the date for the 2012 National Association of Student Financial Aid Administrators (NASFAA) conference, held July 22-25 at the Hyatt Regency Chicago. Key higher education policy advisors from the Barack Obama and Mitt Romney presidential campaigns will kick off the conference with a lively policy debate on Sunday, July 22 at 12:45 p.m. Campaign representatives will address crucial higher education issues related to student financial aid, including funding for programs, ensuring access and success for all students and ideas for policy reform.
Presidential Campaign Reps, Sen. Dick Durbin Begin NASFAA Conference With Policy Dialogue
July 23, 2012 – NASFAA’s National Conference opened with fanfare yesterday as 2,500 attendees welcomed key higher education policy advisors from the Barack Obama and Mitt Romney presidential campaigns.
Press Releases

 

Preventing Student Loan Defaults With Automatic Income-Based Repayment and Payroll Withholding
December 17, 2014 - A new policy paper released today by a consortium of higher education research and advocacy organizations argues that automatically enrolling indebted students in Income-Based Repayment (IBR), and automating repayment through employer payroll withholding, could help to simplify the student loan system for students and radically reduce the number entering default.
Professionals To Discuss Student Aid Policies & Research At NASFAA Conference Held July 14-17 In Las Vegas

July 14, 2013 - Dr. Freeman Hrabowski, President Of University Of Maryland, Baltimore County Also To Address Financial Aid Professionals July 14, 2013 – NASFAA’s National Conference begins today at Aria Resort & Casino in Las Vegas with over 2,400 in attendance. Keynote speaker,

Report Offers 15 Ways To Improve Consumer Information For College Students and Schools
August 6, 2014 - Current consumer information requirements for higher education institutions can be streamlined, enhanced, or eliminated to better educate students and to remove unnecessary regulatory burden on institutional officials, according to a new policy report from the National Association of Student Financial Aid Administrators (NASFAA).
Searching for Additional College Dollars? NASFAA Resources Help You Locate Local and Regional Financial Aid Opportunities
August 19, 2014 - As the summer winds down, college searches ramp up for families across the country. State and regional aid offerings mean they most likely won’t have to go far to find scholarship and grant opportunities to help pay for college – and free online resources can get them started.
Senate Bill Reaffirms Importance of Campus-Based Funding, Reallocates to Needy Students
November 25, 2014 - Efforts to increase access to higher education got a boost last week with the release of Sen. Tom Harkin’s Higher Education Affordability Act (HEAA), a bill that includes many recommendations from the National Association of Student Financial Aid Administrators (NASFAA).
Six Steps To Smart Student Loan Borrowing

Feb. 27, 2014 - Over the next few months, eager students across the country will tear open college acceptance letters announcing their options for the 2014-15 school year. They’ll also get financial aid award letters, helping to shed some light on how much college will cost. Amid the excitement of educational possibilities, college students will need to carefully evaluate their financial aid packages and consider whether to assume educational debt. Not every student who borrows to pay for college ends up with an insurmountable debt load. In fact, most don’t. The National Association of Student Financial Aid Administrators (NASFAA) advises these six steps to help students find a healthy amount of debt for them.

 

Statement on President's FY2012 Budget Request
Feb. 14, 2011 -  NASFAA President Justin Draeger issued this statement in response to President Barack Obama's fiscal year (FY) 2012 request.
Student Aid in Obama's 2013 Budget Request
Feb. 10, 2012 -- The Obama administration plans to kick off the Fiscal Year (FY) 2013 budget process on Monday by releasing the President's FY2013 Budget Request. Administration officials have said that the FY13 Budget request will include additional details about the college affordability policy proposals mentioned by President Obama in his recent State of the Union address. Here's what we'll be looking for in the budget request.
Student Loans, Gainful Employment, Consumer Disclosure & Financial Literacy Among Hot Topics At NASFAA’s 2014 National Conference
April 28, 2014 – Media covering issues related to planning and paying for college will want to save the date for the 2014 National Association of Student Financial Aid Administrators (NASFAA) conference, held June 29 – July 2, 2014 at the brand-new Music City Center, located in the heart of vibrant downtown Nashville.
Students Negatively Impacted by Strained Financial Aid Offices
Feb. 7, 2011 - Financial aid offices and the student services they provide are being strained by increasing regulatory and administrative burdens, according to our recent survey.
Students Should Avoid Three Common Mistakes to Maximize Odds of Financial Aid
December 17, 2014 - The gateway to financial aid for college opens January 1, 2015, making this winter break the ideal time to prepare and complete your application correctly. The Free Application for Federal Student Aid (FAFSA) is the first step toward finding funding for higher education, but many students don’t apply – and some who do end up making errors that may limit the amount of funding they receive.
Tax Day is April 15: NASFAA Guide Helps Families Understand Education Tax Benefits & Make the Most of Their Return
March 28, 2013 -- Looking forward to a big tax return this year? Or seeking ways to reduce the amount you shell out to Uncle Sam? The National Association of Student Financial Aid Administrators (NASFAA) has released a new, free Tax Benefits Guide for Tax Year 2012 designed to help students and families navigate the sometimes thorny task of determining which higher education tax benefits you qualify to receive—and which will secure you the maximum return on April 15. The federal government provides roughly $19 billion in tax savings every year.
Test Your Financial Literacy With These 5 Financial Aid Myths and Facts

April 16, 2014 - In Honor of April as Financial Literacy Month, NASFAA Dispels Award Letter Misconceptions Washington, DC – April 16, 2014 – In honor of Financial Literacy Month, the National Association of Student Financial Aid Administrators (NASFAA) is dispelling commons myths about

Undocumented Students: What's the Policy Environment in Your State?

July 11, 2012 -- The National Forum on Higher Education for the Public Good and NASFAA has created resources to help aid administrators determine their state's policies on undocumented students in higher education and to increase access to higher education for this student population.

Vital Higher Education Financing Issues To Be Examined At NASFAA Conference In Nashville
June 19, 2014 – Nearly 2,500 financial aid professionals will gather June 29 at the Music City Center in Nashville, Tenn. to discuss ways to tackle some of the most pressing issues facing students, including ways to pay for college and manage student debt.
Web Marketing Association Names NASFAA.org 'Best Association Website' of 2011
April 8, 2011 - The newly redesigned NASFAA.org receives a second prestigious award.