The law does not address vague financial aid offers (letters). In higher ed – Fxsad

The law does not address vague financial aid offers (letters). In higher ed

To the editor:

I am writing about Wesley Whistle’s December article urging Congress to step in to improve the transparency of financial aid letters.

The National Association of Student Financial Aid Administrators (NASFAA) has spent significant time with students, parents, and professionals to improve the clarity and transparency of financial aid offerings. We have worked with legislators to support federal legislation to do the same. There is clearly more work to be done.

But legislation that would improve transparency on college costs could take months, if not years. Apply, and finally some of the promising drugs may not be. Consider that one-third of schools in the Government Accountability Office (GAO) report used a federal template created by the US Department of Education and still failed to meet the 10 standards set forth by the GAO.

Why wait until then? With or without future congressional action to improve the transparency of financial aid awards, all higher education stakeholders, regardless of their differences, will better serve students.

— Justin Draeger
President and CEO
National Association of Student Financial Aid Administrators

Leave a Comment