MAFAA :: Minnesota Association of Financial Aid Administrators

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NASFAA Today's News

Take the Mic

NASFAA’s staff and elected officers are frequently out and about, speaking on the issues that matter to our members at key events in both the Washington, DC policy community and at state and regional conferences. Next month, NASFAA Vice President Megan Coval will speak at the Chesapeake and Potomac Association of Collegiate Registrars and Admissions Officers (CAPACRAO) Annual Conference in Laurel, MD. Head to the Events Calendar to see what's on tap for the next couple of months and check back frequently for updates.

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By and large, schools that have a Standards of Excellence Review (SOE) struggle with consumer information requirements. There’s a ton of disclosures. They require coordination across campus. And how do you know what must be directly sent versus what just needs to be posted online? Not only will we review your consumer information in a full SOE review, but we offer an option to only look at your Consumer Information compliance. Complete our simple information request form to learn more about NASFAA’s peer review services. 

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"Colleges have recently been inserting themselves into the conversation on Deferred Action for Childhood Arrivals, the Obama-era program shielding undocumented immigrants brought to the U.S. as children from deportation and allowing them to work legally in the country," The Atlantic reports.

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"The Education Department has offered its stamp of approval for the controversial sale of two massive for-profit colleges, Kaplan University and the Art Institutes, according to emails obtained by BuzzFeed News — allowing both schools to convert to nonprofit colleges. Kaplan, which was purchased by Purdue University, will become a public college," Buzzfeed reports.

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"Senate Democrats Elizabeth Warren and Sherrod Brown in a letter Monday encouraged the Consumer Financial Protection Bureau to maintain active oversight of loan servicers and other participants in the student loan industry," Inside Higher Ed reports.

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"Fast food isn’t the most common point of comparison for honors colleges. But Mark Jacobs, vice provost and dean of Arizona State University’s honors college -- called Barrett, The Honors College -- used it anyway," Inside Higher Ed reports.

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"Just a few weeks into their college education, many students receive funds totaling hundreds or possibly thousands of dollars — the 'extra' money from the student’s financial aid package," Magnify Money reports. NASFAA's Karen McCarthy is quoted in the article.

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Student loan debt is a common topic for discussion and concern among prospective college students looking for the institution that makes the best fit for them financially. But while many students expect to take out some amount of loans to pay for college, that amount can greatly differ depending on where the student attends college, according to a new report.

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"The regulatory changes being pursued by U.S. Secretary of Education Betsy DeVos in the student loan arena could 'spell disaster for students of color who are too often exploited in consumer lending,' a group of 39 organizations said Tuesday in a letter to DeVos," Diverse: Issues in Higher Education reports.

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Join the U.S. Department of Education's Privacy Technical Assistance Center (PTAC) and FSA's Senior Advisor of Cybersecurity for a virtual meeting on September 27 from 3 to 5 pm, Eastern. Federal Student Aid as well as representatives from ED's privacy office will discuss data security and breach requirements, interesting findings regarding undiscovered postsecondary data breaches, and share best practices.

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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.”