To become certified, you must demonstrate your knowledge of Title IV financial aid by passing the Certified Financial Aid Administrator® Knowledge Exam. You may purchase the exam upon approval of your certification application.
The certification knowledge exam will be:
To prepare for the exam, review the Exam Content Outline and Core Resources list in the Candidate Handbook. Be sure to review the NASFAA Testing Center How-To Guide in Appendix D. The Exam Preparation Guide is another useful resource to help you prepare.
You will find out whether you passed immediately after submitting your completed exam. Your exam score and the passing score will not be visible. Instead, you will be able to view a diagnostic report showing your performance in each content area. In general, every three out of four candidates pass the certification exam.
If you are not successful, you may purchase one additional attempt that must be completed within one year from the date of approval. To prepare to retake the exam, consider additional professional development opportunities and review the list of core resources identified in the Candidate Handbook.
Successful candidates will receive special recognition and benefits. For example, each time you certify or recertify, you will receive a complimentary certificate and lapel pin in the mail, and you will have the opportunity to purchase a frame for your certificate. To acknowledge your accomplishment, your name will be added to the Registry, unless you opt out by notifying certification program staff at firstname.lastname@example.org.
Hear directly from current FAACs about their exam experience by viewing this free, on-demand webinar: NASFAA Certified Financial Aid Administrator® Program: Straight Talk About the Exam.