Washington Watch: AACC Involved in Addressing Concerns Over Institutional ‘Award Letters’

"The seemingly straightforward process of colleges notifying individuals about the amount of student aid they are eligible for, as well as the costs of attending the college, has suddenly generated heated attention. AACC is involved in addressing this situation to ensure that students are well-served," Community College Daily reports.

..."Earlier this month, AACC joined with the National Association of Student Financial Aid Administrators, the National Association of College Admissions Counselors, the American Council on Education, and seven other higher education associations to create a task force, the National Organizations Collaborate to Improve Student Aid Offers & Transparency on the Cost of College (nasfaa.org), dedicated to creating a set of principles and standards about what information should be included in student financial aid offer letters.  It has the stated goal of developing a model that is “clear, meets high standard of transparency, and contains consumer friendly information, while still allowing for institutional customization.” AACC President and CEO Dr. Walter G. Bumphus is serving on the Task Force."

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: 12/15/2022

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