What_Fin_Admins_Do_2_Part1

What_Fin_Admins_Do_2_Part1

• 1.
  Know what aidis available, who qualifies for aid, how aid is equitably distributed, and the renewal requirements for subsequent years Help students file applications accurately and verify their eligibility for aid Assist students on a personal level by fostering financial literacy and debt management, and by mitigating unusual circumstances that might otherwise hinder a student’s academic progress Advocate for streamlining and simplifying the aid application process FOR STUDENTS & FAMILIES FOR THE COMMUNITY Provide student employees for community service projects, literacy projects, and local businesses Act as a resource for high school counselors and community-based college access programs and initiatives Speak at college nights or other events to explain budgeting, financial literacy, and financing an education beyond high school Serve as a resource for working adults who may have an interest in attending or completing college FOR MEMBERS OF CONGRESS AND STAFF: Offer feedback on student aid legislation and proposals Provide financial aid success stories of students from your state or district Explain the financial aid needs and challenges of students in your state or district Supply statistics detailing the amount of federal aid that benefits students from your state or district Illustrate how compliance with certain existing and proposed federal regulations can hinder opportunities to assist and counsel students Help enroll and retain students; many students could not attend or remain in school without financial assistance Facilitate receipt of substantial sums of money to help students meet institutional costs Provide student employment; on-campus jobs help support academic departments, libraries, food service, and other facets of institutional operations Ensure compliance with voluminous and detailed federal, state, and local regulations, and often coordinate campus- wide compliance and reporting requirement efforts Maintain membership and participate in professional associations, such as NASFAA, which provides opportunities for advocacy and professional development FOR THE INSTITUTION WHAT FINANCIAL AID ADMINISTRATORS DOStudent aid provides billions of dollars nationally for students to pursue postsecondary education in the form of grants, loans, and student employment. Financial aid administrators help students achieve their educational potential by helping award and disburse monetary resources. The typical financial aid administrator wears many hats and is a rich resource for the institution. What can they do for you?