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.
- 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.
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- 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.
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- 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.
- 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.
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- 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.
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- Nov. 15, 2012 -- As May graduates exit their student loan repayment grace period, NASFAA provides tips on selecting a repayment plan.
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- Dec. 5, 2011 - NASFAA announced the creation of a special Task Force to examine best practices in award notification and consumer information.
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- 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.
- 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.
- Independent Consumer Testing Demonstrates Concerns with Standardized Financial Aid Award Letters
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- 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: 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 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.
- 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 Board of Directors Renews President Draeger's Contract for Two More Years
- Jan. 16, 2012 -- 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 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 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?
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- 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 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
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- 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 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 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 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.
- 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
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- New NASFAA White Paper: Burdensome Reporting Requirements May Harm Students
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- New Tools Help Students Evaluate College Costs and Quality
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- 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
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- 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
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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,
- Statement on President's FY2012 Budget Request
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- Students Negatively Impacted by Strained Financial Aid Offices
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- Tax Day is April 15: NASFAA Guide Helps Families Understand Education Tax Benefits & Make the Most of Their Return
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- Web Marketing Association Names NASFAA.org 'Best Association Website' of 2011
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