NASFAA Releases Interactive Tool for Navigating the Federal Budget Process

  FOR IMMEDIATE RELEASE  

Contact: Beth Maglione
VP of Communications
(202) 785-6944
 

Confused about how funds are allocated for federal financial aid? Use this new resource to navigate the process

Washington, DC – 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.

“As federal student aid programs and financially needy postsecondary education students face annual budget challenges and attempts to reduce or eliminate spending, a working knowledge of the federal budget process is more important now than at any time in the history of the Higher Education Act,” said NASFAA President Justin Draeger. “NASFAA’s handy online roadmap is intended to guide users through the federal budget process, and help them understand it in a simple and easy to follow way.”

Using mouse-over functionality, and hyperlinks where appropriate, the tool guides you through each step, displaying relevant players and key actions that must occur at each juncture. Using this foundation, NASFAA’s goal is to offer our members—and reporters with an interest in federal student aid funding—a more confident understanding of the seemingly complex federal budget process.

NASFAA spokespeople are available to answer any questions regarding the tool, the budget process, and/or funding for key student aid programs. To speak to a NASFAA spokesperson, please email news@nasfaa.org or call (202) 785-6944.

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 approximately 3,000 colleges, universities, and career schools across the country. NASFAA member institutions serve nine out of every ten undergraduates in the U.S. Based in Washington, DC, 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 www.nasfaa.org.