Washington, DC (PRWEB) August 06, 2014
Current consumer information requirements for higher education institutions can be streamlined, enhanced, or eliminated to better educate students and to remove unnecessary regulatory burden on institutional officials, according to a new policy report from the National Association of Student Financial Aid Administrators (NASFAA).
A geographically and institutionally diverse task force of NASFAA members evaluated existing consumer information requirements and compiled 15 recommendations to better serve and understand higher education students, while freeing up financial aid administrators to focus on vital disclosures and counseling.
The recommendations, approved by NASFAA’s Board of Directors in June 2014, span the lifecycle of a student’s college experience, and include:
“Students need the most vital information delivered to them in a consumer-tested disclosure,” said task force Chair Bonnie Joerschke, director of the Office of Student Financial Aid at the University of Georgia. “Next, they need one centralized place where they can find any other information related to that institution.”
The full list of 15 recommendations can be found in the policy report. To request an interview with a NASFAA spokesperson, please contact news(at)nasfaa(dot)org or (202) 785-6944.
The National Association of Student Financial Aid Administrators (NASFAA) is a nonprofit membership organization that represents nearly 20,000 financial aid professionals at approximately 3,000 colleges, universities, and career schools across the country. NASFAA member institutions serve nine out of every ten undergraduates in the U.S. Based in Washington, DC, NASFAA is the only national association with a primary focus on student aid legislation, regulatory analysis, and training for financial aid administrators. For more information, visit http://www.nasfaa.org.