Media Inquiries Spur Schools to Re-examine Aid Offers for Clarity
Now more than ever, providing students and families clear and concise information on their financial aid offers is vital to enrolling and keeping students enrolled in postsecondary education. On an ongoing basis, major news outlets solicit financial aid offers students have received from institutions so they can examine whether schools are meeting basic expectations on how to construct and deliver financial aid information.
NASFAA is here to help. NASFAA’s Code of Conduct — most recently updated in January 2021 — provides basic, minimal aid offer requirements that we have self-imposed on ourselves as a community. Schools can also request a review of their offer letters and be sure to utilize a handful of resources to help our members create effective and ethically compliant financial aid offers, including a glossary of award notification terms and a series of example award notifications to show how different types of institutions can implement the elements included in NASFAA's Code of Conduct into their aid offers.
NASFAA is committed to helping member institutions create effective and ethically compliant financial aid offers. If you would like to have your schools' language reviewed by a NASFAA staff member to ensure it meets the Code of Conduct requirements, please complete this form.
Publication Date: 7/13/2021
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