Is Your College Following the 10 Best Practices for Financial Aid Transparency?

"Most colleges are not following best practices for providing clear and standard information in their financial aid offers. That’s a direct quote from the latest federal analysis of how easy—or difficult—colleges and universities are making it for students to figure out how much higher ed will cost," University Business reports.

..."'Students and families need clear and understandable financial aid information in order to make wise college-going decisions,' stated Justin Draeger, president of the National Association of Student Financial Aid Administrators, which participated in the report. 'The GAO report highlights the ways schools are falling short in communicating college costs to students. The higher education community has the capability to make a change now.'

NASFAA and nine other higher education associations recently produced a set of guiding principles and minimum standards for financial aid offers, Draeger added."

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: 12/6/2022

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