MAFAA :: Minnesota Association of Financial Aid Administrators

News from NASFAA

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"More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute," the Associated Press reports.

Posted on 29 July 2014 | 6:00 pm

"Pennsylvania Higher Education Assistance Agency is encouraging students and families to watch out for scams promising a State Grant award or offering assistance in completing applications in exchange for a fee," Public Opinion reports.

Posted on 29 July 2014 | 6:00 pm

"The number of graduate and postgraduate students ages 50 to 64 has been climbing steadily, from 625,000 in 2007 to as many as 750,000 in 2011 — a 20 percent increase, according to the National Center for Education Statistics," AARP The Magazine reports. "For most types of federal financial aid, you need to be enrolled at least half time in a degree or academic program. 'You can't just go back and enroll in continuing education or take one class at a time,' says Karen McCarthy, senior policy analyst with [NASFAA]."

Posted on 29 July 2014 | 6:00 pm

"New data from the Delta Cost Project, for the American Institutes of Research, show how much the states withdrew support from public higher education during the decade that ended in 2011," Inside Higher Ed reports.

Posted on 29 July 2014 | 6:00 pm

"Outsourcing delinquent borrower outreach to a company focused on default prevention is an aggressive defensive approach that can have a real impact on loan payment rates," University Business reports. "'Default prevention is a laborious process that requires a lot of time and people,' says Karen McCarthy, a senior policy analyst for [NASFAA]. 'These companies know what efforts are fruitful, so time won’t be wasted on tactics that don’t work.'"

Posted on 29 July 2014 | 6:00 pm

"When his 27-year old daughter Lisa died suddenly of liver failure five years ago, Steve Mason was as devastated as any father would be. Then the student loan bills started coming," CNNMoney reports.

Posted on 29 July 2014 | 6:00 pm

"Advocates for community colleges are pressing federal lawmakers to make adjustments to a student loan law they say is a 'blunt tool' that could unfairly penalize colleges where only a small portion of students default on their federal loans," Inside Higher Ed reports.

Posted on 29 July 2014 | 6:00 pm

"A new report by the Institute of Medicine, issued Tuesday, called for an overhaul of federal financing of physician training and residency programs," Inside Higher Ed reports.

Posted on 29 July 2014 | 6:00 pm

"Eight big for-profit-college companies received nearly a quarter of all the money spent on Post-9/11 GI Bill benefits in 2012-13, says a report released on Wednesday by Sen. Tom Harkin and the Senate education committee's Democratic majority," The Chronicle of Higher Education reports.

Posted on 29 July 2014 | 6:00 pm

"UC and Cal State students anticipating financial aid from the state’s new Middle Class Scholarship program are going to have to wait until September to learn how much they will receive, a top administrator said Tuesday," The Los Angeles Times reports.

Posted on 29 July 2014 | 6:00 pm

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Statement of Purpose

“The Minnesota Association of Financial Aid Administrators (MAFAA) is an association of professionals committed to the principle that no one should be denied access to higher education for financial reasons.”