MAFAA :: Minnesota Association of Financial Aid Administrators

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NASFAA Today's News

"Danielle Ramos' student-debt nightmare was supposed to be over," The Associated Press reports. "Like thousands of others who studied at failed for-profit colleges, she was promised by the U.S. Education Department under President Barack Obama that her federal loans would be forgiven by now. But as the weeks tick by with no reprieve, the 30-year-old college student fears the financial burden will force and her 4-year-old son to move back with her parents."

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"College students and graduates are carrying a tremendous load of student debt, and credit cards are only adding to the pile," according to The Street. 

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"For decades the federal work-study program has allowed students to earn money by working part-time jobs to help pay for college expenses. Eligible students earn at least the federal minimum wage – currently $7.25 – in jobs that are typically, but not always, on campus and funded by the federal government and universities," according to U.S. News and World Report.

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"In two months, another crop of new high school graduates will head off to college. They will all depart the campuses at some point, but too many will leave without a degree," Jeffrey J. Selingo writes in an opinion article for The Washington Post's Grade Point.

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"Putting the federal government into the business of financing higher education was a great blunder, with adverse consequences daily. Among those consequences is the fact that some 8 million Americans are now in default on loans that probably would never have been made by real lending institutions with their own money at risk," according to the National Review

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Updated for 2017-18, the Student Aid Reference Sheet lists loan limits as well as the minimum and maximum award amounts for Pell Grants and Supplemental Educational Opportunity Grants, and the limits and eligibility requirements for the Teacher Education Assistance for College and Higher Education (TEACH) Grants. Other newly updated reference sheets include a comparison of Direct Subsidized and Unsubsidized Loan terms based on the initial disbursement date for undergraduate students, a Health Professions Loans & Scholarships Reference Sheet, and a Graduate & Professional Reference Sheet. Print it out the reference sheets and hang them up at your desk so you have the information you need right at your fingertips.

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The second day of the 2017 NASFAA National Conference offered attendees the opportunity to learn how their peers were adapting to the Early FAFSA and Prior-Prior Year, and how to work with overprotective parents. They also had the opportunity to watch the "Off The Cuff" team record this week's podcast. Catch up on all the action on our 2017 Conference Summaries page. And don't forget to follow along with all that's going on today on Facebook and Twitter using #NASFAA2017.

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Fight for Financial Aid

NASFAA members came out in force during the 2017 NASFAA National Conference on Tuesday, showing their support for the federal student aid programs during the #Fight4FinAid Rally. Watch video from the rally and check out pictures of members sharing why they are fighting for financial aid at the #Fight4FinAid Facebook page.

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A NASFAA working group tasked with examining cost of attendance (COA) is recommending more standardization across institutions when crafting COA components and policies.

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In this Tuesday morning session, Angela Adams, managing attorney and owner of Adams Immigration Law, LLC, gave attendees an update on where the DACA program stands today. 

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Visit the NASFAA News Site for more national financial aid news and archives.

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.”