Last week, NASFAA submitted comments in response to Federal Student Aid's (FSA) 2020-24 five-year strategic plan. NASFAA supports many of the directions laid out, such as FSA's plans for improving the ease of doing business with the agency for students, borrowers, and partners, and its openness to the idea of a governance restructuring, something that NASFAA has recommended for years.
NASFAA commended FSA for its efforts to solicit feedback. "I cannot recall a time in recent memory when FSA made such a significant effort to publicize and publicly explain the underpinnings of its strategic plans," NASFAA President Justin Draeger wrote.
In the comments, NASFAA also brought up examples of where the FSA/stakeholder partnership could be further improved, as well as the need for more transparency around FSA and Department of Education (ED) data. Read NASFAA's full comments.
Publication Date: 10/26/2020