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Borrowers who hold student loan debt are more likely to have non-equity-generating debts such as credit card and medical debt, creating additional burdens to wealth building, according to a new working paper from the U.S. Census Bureau. Using recent survey data, researchers from the Census Bureau charted links between student loan debt and what other forms of debt borrowers were likely to have.
More Self-Evaluation Checklists are available! The checklists are designed to allow schools to audit themselves for the 2021-22 award year. The following checklists are now live: Satisfactory Academic Progress, Recommended Good Practices, Statement of Ethical Principles, Federal Pell Grant and Iraq and Afghanistan Service Grant Programs, and Federal Family Education Loan Program. Other Self-Evaluation Checklists will become available just in time for the end of the award year on June 30. The Self-Evaluation Checklists module of the Compliance Engine is included with your NASFAA membership. Not sure how to use it? Check out our Self-Evaluation Checklists User Guide. Take advantage of this member benefit today!
Join NASFAA's Tiffany Gibbs and Lissa Powell tomorrow, April 20, at 2:00 p.m. ET as they provide an overview of some of the basic concepts related to awarding and disbursing Title IV aid for the summer. Topics discussed will include important issues to consider first when awarding summer aid, selecting summer program formats, selecting the award year expected family contribution (EFC), prorating summer EFCs, calculating summer cost of attendance, and determining enrollment status. Register now.