Maryland Ranks Second in Highest Student Debt

"Maryland residents on average have the second highest student debt burden in the nation, while the majority of financial aid administrators are concerned about their ability to help students navigate a complex system," NPR reports. "The burden on financial aid counselors can be heavy, especially for first-generation college students."

..."About 66% of financial aid administrators in the eastern region, which includes Maryland, said they were concerned about their ability to adequately serve students, according to a survey by the National Association of Student Financial Aid Administrators."

..."Some obstacles for those seeking a career in financial aid is lack of incentives and lower salaries.

That means it’s often difficult to recruit, said Dana Kelly, vice president of professional development and institutional compliance at the national association which represents financial aid administrators.

'Financial aid as a profession needs to find its voice. It needs to find its place at the table in higher education administration," Kelly said."

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.


Publication Date: 7/27/2022

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