NASFAA Staff has compiled these frequently asked questions regarding the Certified Financial Aid Administrator® (CFAA) program. If you have any additional questions that are not answered below, please let us know.
Upon approval of your application, you will receive an email notification with a link to pay for the CFAA Exam and schedule your exam session. You will have one year from the date your application was approved to take the CFAA Exam
The CFAA Exam will be available online through NASFAA's testing center. The exam will be proctored remotely, requiring candidates to meet basic technical requirements. Eligible CFAA candidates will be able to take the exam during five established testing windows throughout the 2019-20 year. The scheduled testing windows are:
Travel is not required to become a CFAA. You can apply online and the CFAA Exam is administered online using remote proctors. You will not need to travel to a testing center, but you must check in advance to make sure your testing room meets the physical and technical requirements outlined in the CFAA Candidate Handbook and on the Technical Requirements Webpage. To maintain the CFAA designation, you can earn recertification points by attending conferences and training events, but there are many ways to earn points that do not require travel.
Yes, the CFAA Candidate Handbook includes two useful resources to aid in preparation for the CFAA Exam:
You may choose to study on your own or you may decide to take a NASFAA U Online Course, review a NASFAA Self-Study Guide, or attend a training event at your state or region to gain a better understanding of one or more content areas. If you know other individuals in your area who are taking the test, you may want to form a study group.
NASFAA plans to develop additional study materials as the program matures.
The CFAA Commission will make reasonable efforts to accommodate eligible candidates who provide detailed documented evidence of their disability or need for reasonable accommodations for the CFAA Exam. You must complete the CFAA Accommodation Request Form to provide a written explanation of the requested accommodations specific to the CFAA Exam. You must include detailed supporting medical documentation from a qualified medical professional for this specific purpose, detailing the needed accommodation given the format and nature of the exam. Requests must be submitted at least eight weeks prior to an exam testing window.
The CFAA Program will endeavor to furnish the requested accommodations, provided that the request is made by the required deadline, and that the accommodation would not fundamentally alter the measurement of the skills or knowledge the examination is intended to test and would not result in an undue burden.
The 2019-20 CFAA Program fees are outlined on the CFAA Program Fees webpage. Group discounts are not available.
Make sure your institution knows about the benefits of the CFAA Program. Ask for support from your supervisor and/or leadership using this customizable justification letter. Support can be provided in many ways, including dedicated preparation time and financial assistance.
Yes, NASFAA publishes a CFAA Registry. Note that CFAAs may have declined to be included on the Registry.
CFAAs must complete a minimum of 60 Recertification Points (RPs), representing financial aid-related continuing education, qualifying leadership, instruction, authorship, advocacy, and other activities contributing to the profession to maintain their certification. CFAAs who earn more than 100 RPs during their three-year eligibility period will receive a special recognition. CFAAs must track their RPs using the CFAA Portal. Review the Stay Certified webpage for more information.
NASFAA Professional Credentials and the CFAA Program are both excellent professional development opportunities for financial aid administrators. These programs complement each other, while offering unique benefits.
NASFAA offers 17 credentials that cover specialized areas of financial aid administration, such as verification and consumer information. These credentials are a great way to build a portfolio of demonstrated knowledge in specialized financial aid topics. NASFAA credentials are not renewable and do not expire; however, given the rapidly changing nature of this profession, continued training is strongly encouraged. Credentials serve as a starting place for new financial aid administrators, and also as great refreshers for more experienced professionals looking to strengthen their knowledge.
To earn a credential, the candidate must successfully complete the corresponding credential test. Four pathways enable candidates to access the credential tests:
Those who earn a credential are added to the NASFAA Credential Earners Honor Roll.
The CFAA Program is a certification in financial aid administration that covers the wide range of skills and knowledge required to perform competently in Title IV financial aid administration at any type of college or university across the country. Compared to the NASFAA Professional Credential tests, which are specific to certain subject areas, the CFAA Exam assesses the broader knowledge required of a financial aid administrator across multiple subject areas. Credentials may serve as a pathway to the CFAA, as well as a means of maintaining the CFAA designation.
The CFAA Program application verifies the candidate meets the criteria — that is, the education, experience, and commitment to ethical behavior — necessary to gain access to the CFAA Exam. Once certified, the CFAA must recertify every three years, a process that will require an accumulation of points earned by completing various professional development activities. Those who earn and maintain the certification may display the "CFAA" designation after their names. They will also be added to the CFAA Registry.
How can our state or regional association help financial aid administrators prepare for and earn the CFAA designation?
NASFAA and the CFAA Commission have developed a CFAA Candidate Handbook. In the handbook, you will find a list of reference materials in the CFAA Core Resources section. You also will find the Exam Content Outline describing the foundational knowledge that your peers determined a financial aid administrator with approximately five years of experience can reasonably be expected to know. NASFAA plans to create more in-depth study materials after the program launches in June 2019 at the NASFAA National Conference; more information about this will be available in the coming months. In the meantime, the handbook will be the main resource for candidates and for those who are supporting them in their pursuit of the CFAA designation.
State associations will play a significant role by continuing to help their members learn about Title IV aid and their responsibilities as financial aid administrators. This will be especially important in helping CFAAs to recertify the designation every three years, which will require CFAAs to earn points through ongoing participation in various professional development and leadership activities. These activities include, but are not limited to, attendance at Title IV aid-related conferences, instruction or participation at an institute or Authorized Event workshop, and elected leadership experience at the state and regional level.
Your association can support your members who are interested in becoming CFAAs in several crucially important ways: by continuing to provide excellent Title IV aid-related training, by welcoming and mentoring new members to the profession, and by helping to build awareness of this new opportunity for financial aid professionals to earn the recognition they deserve.
Publication Date: 1/15/2020