Your Thoughts: What Do You Think The Financial Aid Process And Programs Will Be Like In 2025?

With the start of the new year came many predictions from think tanks, the media, and even from NASFAA about what 2015 may hold for postsecondary education and student aid programs. Now we want to look further into the future. From the highly likely to the fairly improbable, share your thoughts in the comments section on what you think financial aid might look like in 10 years' time. There are no wrong answers, so get creative and scroll through to see what other NASFAA members have to say.


Publication Date: 1/16/2015

Denise D | 1/20/2015 6:48:31 PM

Since the government (and a lot of others, through social media, credit bureaus and more) will know everything about us, including our incomes, dependents, bank accounts, retirement savings, medical records, educational background, traffic tickets, actuarial tables to predict how long we live, etc., there will be no need for a student to provide anything as far as information other than the school which the student would like to attend. The government computers will do the rest, and if the government decides that the student and the school are incompatible and the student will not make GE, the government will give the student the choice of attending a different school or paying completely out of pocket for the full COA. The government will also tell the schools what they can teach if they want to receive federal funds based on an assessment by the government of how well the school scores according to government ratings and how well it places students in jobs. Access and choice will be totally forgotten and education will be totally bogged down in regulations that only the government will make determinations about aid--who gets what, what income counts and what doesn't, what jobs the students will receive aid to learn and what jobs will not be funded by the government, and these decisions will be made by whomever is in power.

Robert P | 1/16/2015 4:34:28 PM

Students/parents will check on their PPY federal income tax form that they want to be evaluated for financial aid eligibility based upon income and family size. IRS/DOE determine eligibility, let the Treasury Department know the amount and a voucher is sent to student/parent. They turn the voucher in to the college they are attending. College sends voucher to Treasure to receive funds. If student/parent don't file taxes and receive state or federal public assistance that is verified through a shared federal and state data base. If verified on assistance, then funds are sent per above. If student/parent does not file federal taxes, and not receiving public assistance from some agency then not eligible for aid.FA offices no longer process applications and no verification. Focus on outreach, financial literacy, and SAP student support. If student gets loan, all work done on line with central processor similar to online mortgage loan process.

Ted M | 1/16/2015 3:41:12 PM

1) DRT is mandatory for all students and parents.
2) No more subsidized loans; only unsub
3) No more Title IV assistance for non STEM programs: both undergrad and grad level
4) No state grants for graduate students
5) Aggregate limit placed on Grad PLUS loans
6) if (3) is in place this does not matter. No loans for students who are about to or have retired (as they plan on defaulting on their loans, since they won't care about the repercussions of poor credit at that age). I've seen some senior citizens taking advantage of the system and borrowing up the ying yang for grad school with no intentions of paying back.
Wishful thinking I suppose...

Jeffrey L | 1/16/2015 10:10:34 AM

The International Profile Database (IPD) is automatically scanned each day to determine who is ready for an Advanced Educational eXperience (AEX). It is determined based on an individual’s Educational DNA Sequence Analysis Score (their EDSS).
Their EDSS is comprised of two components:
1. Occupational Proclivity (OP)
2. Persistence Proclivity (PP)
The PP is the readiness component. It and the top three OP’s are recorded back into the student’s IPD for future reference and statistical analysis.
The student is matched with an AEX facility and enrolled into tailored OP Program (OPP), again based on their EDSS.
The length of the OPP is calculated using their PP and Bitcoin Credit (BC) is disbursed to the AEX.
The student’s OPP Outcome Metrics (OOMs) are continuously monitored throughout the duration of their OPP. If a student falls below the acceptable 85% level, she has two options
1. Migrate to his secondary OP. This may require a transfer to another AEX facility and/or BC adjustment.
2. Provide a percentage matching Personal Bitcoin Credit (PBC) based on her OOMs.
Upon successful completion of an OOP, the Occupational Placement Database is searched for the best three matching positions in which the student may enter the workforce. Other proclivity factors in the student’s IPD profile are considered and weighted. The student is presented with the top three positions and must choose one or else risk banishment to District 13.

Drew A | 1/16/2015 10:4:45 AM

Financial aid will be streamlined in both process and funding. Similar to the competency based learning, innovative financial aid models will move away from traditional enrollment periods and annual limits toward year round eligibility based on funding percentages and matriculation toward an outcome.

David S | 1/16/2015 9:43:48 AM

At the pace we're going now, I predict that in 2025 we'll be talking about simplifying the FAFSA, one loan/one grant, the pros and cons of PPY, whether colleges should have "skin in the game" about loan defaults, and wondering what can be done about the rising costs of college.

Thomas R | 1/16/2015 9:30:00 AM

See Student Aid Transcript, Volume 16, No. 2 2005, pages 55-58.

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