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Financial Aid

Director of Financial Aid

Grand Rapids Community College
Grand Rapids, Mich.

Reimagining Financial Aid to Improve Student Access and Outcomes

As the student aid programs rapidly approach reauthorization in 2014, they continue to face severe funding and efficiency problems. This report puts forward broad policy considerations to generate discussion and debate with the goal of advancing key policy issues facing student aid.

Communicating about Financial Aid

With families’ growing concerns about financing higher education, and the federal government’s increasing involvement in recommending and/or requiring certain communications regarding institutional costs, every institution should be taking a step back to review all of the tools currently being used to present affordability, explain the aid application process, and communicate the awards themselves.

NASFAA Reimagines the Design and Delivery of Student Financial Aid

As the student aid programs rapidly approach reauthorization in 2014, they continue to face severe funding and efficiency problems. With grant assistance from the Bill & Melinda Gates Foundation through their “Reimagining Aid Design and Delivery” (RADD) project, NASFAA today released a policy brief examining the current systems of student aid with an eye towards reimagining how they could be improved in the future.

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Source: 
NASFAA

New Report Calls for More Grants to Low-Income Students, End to Federal Parent Loan Program

The federal government must double down on grants to low-income students and dramatically simplify the system of student loans, says a new report by the non-partisan New America Foundation.

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Source: 
ProPublica

Fairness For Struggling Students Act Would Reform Private Student Loan Bankruptcy Rules

Three U.S. Senators unveiled legislation Wednesday to reverse a 2005 change in bankruptcy laws that makes it nearly impossible to have private student loan debt discharged.

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Source: 
The Huffington Post

Communicating about Financial Aid

Money Matters
Seven steps to a better process and output
Kathy Kurz
University Business, Feb 2013

With families’ growing concerns about financing higher education, and the federal government’s increasing involvement in recommending and/or requiring certain communications regarding institutional costs, every institution should be taking a step back to review all of the tools currently being used to present affordability, explain the aid application process, and communicate the awards themselves.

Tags: 
Financial Aid

Wells Fargo Names Rasmussen Head of Education Financial Services

The financial services and company veteran will lead the nation's No. 2 provider of private student loans. The appointment is effective February 11, 2013.

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Source: 
Daily Finance

What Borrowers Think They Know

It can be tough for colleges to identify and counsel borrowers of private student loans. Schools aren’t required to certify these loans, so students can borrow them without the school knowing. Feedback from private student loan borrowers reveals they hold a host of common misconceptions about their loans.

Pell Grant Changes Hit Community College Students Hard

Enrollment at Community College of Philadelphia fell 4 percent last fall, and officials suspect tightened eligibility guidelines for federal financial aid are to blame in part.

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Source: 
The Philadelphia Inquirer

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