Students Deserve Simpler Financial Aid Offers, the Understanding the True Cost of College Act Will Help

"For the majority of students and their families, paying for college is one of the most expensive transactions they will ever undertake. Unfortunately, there is no way for students and families to easily compare financial aid packages so they can figure out how much they will pay at different schools. No requirements exist that dictate how an institution should provide this information in a consumer-friendly format to students and families," New America writes

... "The National Association of Financial Aid Administrators (NASFAA), the membership organization for financial aid administrators, also requires certain best practices for their members to follow as part of their code of conduct. But, even with best practices in place, little has changed indicating the scope of the problem is large and challenging to fix through guidance and voluntary provisions alone. NASFAA has acknowledged that self-regulation is not working and stronger measures are needed and has convened a task force dedicated to further investigation of the issue."

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: 3/9/2023

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