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ERIC Number: ED543360
Record Type: Non-Journal
Publication Date: 2009-Dec-1
Pages: 3
Abstractor: ERIC
Reference Count: 0
ISBN: N/A
ISSN: N/A
Verification Survey: NASFAA Survey Shows Administrative Burden Increasing for Financial Aid Offices. Quick Scan Survey Results
National Association of Student Financial Aid Administrators (NJ1)
More than three in four college financial aid offices reported an increase in the number of cases where they must verify information on the Free Application for Federal Student Aid (FAFSA), according to the National Association of Student Financial Aid Administrators' (NASFAA's) latest Quick-Scan Survey. The increase in the number of verification cases was likely to affect two-year colleges and low-income students. "The increases in verification cases couldn't come at a worse time," NASFAA Interim President and CEO Joan Crissman said. "Many financial aid offices are already stretched thin trying to handle record numbers of financial aid applications, awards and appeals at the same time they are working to comply with a host of new requirements. In addition, the increase in verification means that more students have to overcome an additional hurdle to access student aid funds." Seventy-eight percent of the 729 financial aid offices that completed the survey between October 19 and October 23 reported an increase in the number of aid applicants selected for verification by the U.S. Department of Education in the 2009-10 award year compared to the previous year. Thirty-one percent reported an increase below 10 percent while 22 percent reported an increase between 11-20 percent. Twelve percent reported an increase of more than 30 percent and 17 percent reported no increase or a decrease. NASFAA conducted the survey after hearing anecdotal evidence that the numbers of students chosen for verification had been increasing for the last two years.
National Association of Student Financial Aid Administrators. 1101 Connecticut Avenue NW Suite 1100, Washington, DC 20036. Tel: 202-785-0453; Fax: 202-785-1487; e-mail: membership@NASFAA.org; Web site: http://www.nasfaa.org
Publication Type: Reports - Research
Education Level: Higher Education; Postsecondary Education; Two Year Colleges
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: National Association of Student Financial Aid Administrators (NASFAA)