If you were unable to attend NASFAA's Fall 2007 Training Series - Counseling Students and Families: Tackling Financial Issues, you can now purchase the reference material distributed at the workshops. A limited supply of the materials is available. The materials focus on how to explain to students and families in layman’s terms how their financial resources and family demographics are used to calculate the expected family contribution (EFC) under federal methodology (FM), and other options available to them when the standard approach does not work.

The Materials:

• Identify some generational characteristic of students and families and strategies for communicating with them.

• Provide an overview of FM with an emphasis on identifying the different formulas, explaining each of the formula components, and discussing the impact of changes to each component.

• Review how schools should derive cost of attendance components and discuss strategies for explaining budgets to students and families.

• Explain how to address family situations in a fair, equitable, and efficient manner, when the standard approach does not work, including strategies for saying "no" to professional judgment requests and appeals, and making alternative suggestions relevant to the family’s circumstances.

• Examine the underlying principles for counseling students and families on selecting loans, and discuss the options, benefits, and tools available to assist students and families in selecting a lender to pay for educational costs.

• Discuss ethical issues that may arise when counseling students and families, give participants an opportunity to share their experiences and concerns, and suggest strategies to address them.

Cost:

The price for a set of materials is $70 for members and $140 for non-members.

What You Will Receive:

You will receive a Participant's Guide containing information that includes resource information and a paper copy of the PowerPoint slides.

Information Included:

Section I-Introduction

• Generational Characteristics

• NASFAA Statement of Ethical Principles

• NASFAA Code of Conduct for Institutional Financial Aid Professionals

• Explanation of Code of Conduct

Section II-Demystifying Federal Methodology

• Formulas

• Formula Components

• Income Protection Allowance

• Family Discretion in Meeting Expenses

• EFC Formula Worksheets and Tables, 2007-08

• EFC Ripple Effects Example and Chart

• EFC Data Element Changes Worksheet

• Calculating Summer EFCs

Section III-Cost of Attendance Development and Communication

• Basic Cost of Attendance Components

• Developing the Cost of Attendance Monograph

• Cost of Attendance Update Worksheet

• Educating Students and Families about the Cost of Attendance

• Cost of Attendance Comparison Worksheet

Section IV-Addressing Students’ and Families’ Financial Concerns

• Consumer Information Requirements: Disclosures by Method, Recipient, and Timeframe

• Corrections, Updates, and Adjustments

• Sample Professional Judgment Appeal Form

• Sample Information Sheet: Professional Judgment Guidelines

Section V-Effective Loan Counseling

• Initial (Entrance) Counseling Requirements?Stafford Loans

• Proposed Initial (Entrance) Counseling Requirements?PLUS Loans for Graduate or Professional Students

• Initial (Entrance) Counseling and Disclosure Requirements?Federal Perkins Loans

• Exit Counseling Requirements?Stafford Loans

• Exit Counseling and Repayment Information Disclosure Requirements?Federal Perkins Loans

• Overview and Comparison of Title IV Loan Program Features

• Educational Loan Considerations Worksheet: Student Borrowers

• Educational Loan Considerations Worksheet: Parent Borrowers

• Educational Loan Evaluation Worksheet

• Considerations for Selecting a Lender Worksheet

Section VI-Ethical Issues and Counseling Strategies

• Case Studies

How To Order:

To order the Fall Training Workshop materials, please place your order online or return your order form with payment to the NASFAA office.

You may also fax your completed order form to 202-785-1487. If you have questions about your order, please e-mail your inquiry to pubs@nasfaa.org or call 202-785-6949.

NASFAA's Value and Value Plus Members will receive directions on how to download an electronic copy of the Fall Training materials. The ability to download and share copies with others at your institutions is one of the many benefits of the Value and Value Plus memberships.

Posted 12/20/07 to www.NASFAA.org. Redistribution to non-NASFAA institutions is prohibited. Please submit Web Site questions or comments to Web@NASFAA.org.