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This week on “Off the Cuff,” Justin is joined by Karen and Rachel to dig into the Department of Education’s (ED) latest announcement concerning the rollout of the 2024-25 FAFSA. The team discussed ED’s pledge to release the FAFSA by December 31 and highlighted how the delayed delivery of Institutional Student Information Records (ISIRs) could impact schools.
When the Department of Education (ED) announced its student debt relief plan in 2022, it quickly approved borrowers for relief without implementing practices that would have prevented fraud, a new report from the Government Accountability Office (GAO) found.
According to NASFAA's newly released 2023 Benchmarking Report, the average number of full-time equivalent (FTE) financial aid staff per 1,000 aid applications continued to decline, with respondents reporting an average of 2.3 FTE for the 2021-22 award year, down from 2.5 in the 2016 NASFAA Benchmarking Report. The report also found that institutions reported concerns about their ability to be administratively capable and serve students. Institutions that reported needing more staff and resources indicated they needed an average of 3.5 more FTE positions to feel adequately staffed. NASFAA members may access the full report online.
Learn more about NASFAA with our new history document recounting the years 2012-17. The history of NASFAA is important to document for the sake of the association and its members, but also because the story of NASFAA is embedded in the streams and currents of higher education more broadly, both reflecting and shaping those forces. This is not a timeline of events, but a thematic historical narrative of the association.
Blue Icon Advisors, NASFAA Consulting, is looking for financial aid professionals at all levels to join its team of independent consultants. Currently Blue Icon is looking for peer reviewers for the Standards of Excellence (SOE) Review Program, interim leaders who can travel and/or work full-time, and interim staffing (remote or on-site). Take the next step in your career and apply today.
Please join us in congratulating Jewel Williams, who was promoted from vice president of regulatory compliance to vice president of regulatory compliance and financial aid at Post University, and David Smedley, formerly the acting director of compliance and training at The New School, who is now the acting/interim director of student financial services at Marietta College. Celebrate your own career developments by completing the "Movers and Shakers" form to share the news with your colleagues.