Financial Aid Offices: How to Stop a Massive Employee Exodus

"Financial aid offices were already struggling with staff shortages, a lack of representation and other personnel challenges when the FAFSA fiasco struck higher ed. The ongoing disruptions are now adding up to fresh warnings of heavy turnover within the profession," University Business reports.

... "A desire for better pay and more flexible workplaces may drive more than half of higher ed’s financial aid professionals to look for new employment in the next 12 months, according to a survey of more than 6,000 financial aid employees at 956 institutions by the College and University Professional Association for Human Resources and the National Association of Student Financial Aid Administrators."

"'If we’ve learned anything from this last year, it’s just how critical financial aid administrators are to ensuring students can access postsecondary education,' NASFAA President and CEO Justin Draeger said in a statement. 'Financial aid professionals are a vital part of the campus ecosystem, keeping students on track to graduate, ensuring the right taxpayer and donor dollars are going to the right students, and maintaining institutional eligibility for federal and state funds.'"

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: 5/15/2024

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