For years, financial aid administrators and others have debated the nature and structure of need analysis. As it developed, need analysis was based on commonly accepted definitions and basic principles of economics. Beyond the fundamentals of need analysis, there also developed expertise about exercising professional judgment (PJ) in reviewing…

The Pell Grant is the cornerstone of the federal student aid programs, providing need-based grant aid to the country's lowest-income postsecondary students. Pell Grants have failed for decades to keep pace with increased college costs and inflation. Doubling the maximum Pell Grant to $13,000 will effectively recalibrate the grant and restore its…

The Pell Grant is the cornerstone of the federal student aid programs, providing need-based grant aid to the country's lowest-income postsecondary students. Pell Grants have failed for decades to keep pace with increased college costs and inflation. Doubling the maximum Pell Grant to $13,000 will effectively recalibrate the grant and restore its…

Financial aid offers are the primary tool colleges and universities use to communicate eligibility for federal, state, and institutional financial aid programs to their prospective and current students. Institutions of higher education develop their own financial aid offers, taking into account many factors, including the format of the educational…

The Higher Education Act of 1965, as amended, specifies a loan origination fee of 1 percent for all Direct Subsidized Loans and Direct Unsubsidized Loans, and a fee of 4 percent for all Direct PLUS Loans for both parent borrowers and graduate and professional student borrowers. Student loan origination fees generated a staggering $1.7 billion in…

Through the higher education act (HEA) reauthorization, congress has several opportunities to improve and simplify student loan repayment for borrowers. To address the challenges students face when repaying their loans, congress should simplify the existing federal loan repayment plans, strengthen public service loan forgiveness, eliminate loan…

The last comprehensive reauthorization of the Higher Education Act (HEA) occurred in 2008, and the law has been overdue for another reauthorization for nearly a decade. The National Association of Student Financial Aid Administrators (NASFAA) has worked on reauthorization for nearly a decade. In this report, NASFAA updates its recommendations to…

In March 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, an economic stimulus package designed to address the nationwide economic crisis created by the global COVID-19 pandemic. In addition to providing payments to individuals, business loans, and support to state and local governments, the CARES Act…

This document contains the survey data and tables for the report "An Evaluation of Coronavirus Aid, Relief, and Economic Security Act Funding for Postsecondary Institutions." In January and February 2021, National Association of Student Financial Aid Administrators (NASFAA) collaborated with Student Affairs Administrators in Higher…

It has become increasingly difficult to succeed in the U.S. workforce with only a high school diploma. While 75% of the middle-class workforce had only a high school education in the 1970s, that percentage dropped to below 40% by 2007. An estimated two-thirds of all jobs in 2020 will require some postsecondary training, up from just a quarter of…

The Administrative Capability Task Force was convened by the National Association of Student Financial Aid Administrators (NASFAA) to deliver a report containing recommendations that could provide better support for financial aid offices, ensuring they are able to meet administrative capability standards. The task force comprised a geographically…

The National Association of Student Financial Aid Administrators (NASFAA) convened the Examining Software Providers' Compliance With the NASFAA Code of Conduct Working Group in September 2019 to research and analyze the role that student financial aid management software plays in institutions' ability to provide accurate and clear aid offers. The…

As our country is on the brink of a new presidential administration and new Congress, amid a global pandemic, the importance of investing in and strengthening our nation's postsecondary education system has never been more important. Concerns over college access, affordability, and transparency are colliding with the growing demand in the…

Education has been an evolving enterprise since Plato first sat at Socrates' feet. What sets the past few decades apart in the history of education, though, is the rapid pace of change. New technologies, workforce demands, consumer expectations, entrepreneurial innovations and public sensitivity to cost are increasing the pressure for accessible,…

In recent years, there has been strong bipartisan interest at the congressional level to require annual federal student loan counseling. Given this interest, and the National Association of Student Financial Aid Administrators' (NASFAAs') commitment to being an active, helpful partner in reauthorization discussions, NASFAA convened a task force…