Facebook Campaign Seeks to Save Student Aid
FOR IMMEDIATE RELEASE
Contact: Haley Chitty
Director of Communications
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.
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.
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.
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- 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
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- Media Availability: NASFAA Comments on Declining Student Debt In College Board’s 2014 Trends Reports
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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
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- 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.
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- 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
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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.
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- 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
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- 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?
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- 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.
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- 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
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- 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 Obama’s Fiscal Year 2016 Budget Request
- February 2, 2015 - Today, President Barack Obama released his budget request for fiscal year 2016. Designed to invest in the future and lift the American middle class, this budget request contains funding and support for many programs that the National Association of Student Financial Aid Administrators (NASFAA) advocates for.
- NASFAA Statement on President’s 2014 Budget Request
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- NASFAA Statement On Rep. Petri’s Bill To Move to Full Income Contingent Repayment
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- NASFAA Statement On Sen. Harkin’s Higher Education Affordability Act
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- NASFAA Statement on the Bipartisan Student Loan Certainty Act
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- 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.
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- 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.
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- 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 Urges Students: In 2015, Resolve To ‘Know What You Owe’
- January 20, 2015 - Many students are unaware of how indebted they currently are – but experts at colleges nationwide can help them find out.
- 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 Report Suggests 6 Ways To Improve Student Loan Servicing
- February 4, 2015 – Washington, D.C.: The Department of Education (ED) should take six steps to improve student loan servicing for borrowers, according to the final report of a task force on student loan servicing issues, released today by the National Association of Student Financial Aid Administrators (NASFAA) in partnership with the National Direct Student Loan Coalition (the Coalition).
- 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.
- Now Available: NASFAA’s 2014 Higher Education Tax Benefit Guide
- March 2, 2015 - Millions of families save more than $1,000, on average, through higher education tax breaks during filing season—but many others needlessly miss out.
- 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.