FOR IMMEDIATE RELEASE
Contact: Allie Arcese
Director of Communications, NASFAA
(202) 785-6954
[email protected]

WASHINGTON, D.C., FEBRUARY 5, 2024 — Today, the U.S. Department of Education announced its FAFSA College Support Strategy, which will provide additional personnel, funding, resources, and technology to help schools and students complete the revamped FAFSA and to help colleges prepare to process student records as quickly and accurately as possible. This initiative will include allocating $50 million in federal funding, administered by the Educational Credit Management Corporation, to nonprofit groups, including NASFAA, with expertise in financial aid support and services to carry out this work.

In response to this news, NASFAA President & CEO Justin Draeger issued the following statement: 

“Ensuring our nation’s colleges and universities are prepared to assist in the massive overhaul of the FAFSA is critical for a smooth implementation, and we are excited to be partners in this work. 

These are some of the biggest changes facing the financial aid profession — not to mention students and families — in decades, and it will take cooperation, clear communication, and mutual trust among all stakeholders to get us over the finish line. We are eager to begin this work and look forward to sharing more details soon.”

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About NASFAA 

The National Association of Student Financial Aid Administrators (NASFAA) is a nonprofit membership organization that represents more than 29,000 financial aid professionals at approximately 3,000 colleges, universities, and career schools across the country. NASFAA member institutions serve nine out of every 10 undergraduates in the U.S. 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.