"Colleges are seeing a leveling off in the number of requests from students and families to adjust their financial aid eligibility following a slight increase during the COVID-19 pandemic, according to the results of an annual survey from the National Association of Student Financial Aid Administrators," Inside Higher Ed reports.

"About 26 percent of administrators reported that requests for “professional judgments” somewhat increased in the last year. Those who reported an increase attributed it to the ongoing impacts of the pandemic, in addition to economic conditions unrelated to the pandemic and greater awareness about the review process following a change in federal law that requires institutions to do more outreach. 

The professional judgment process allows financial aid administrators to make case-by-case adjustments to a student’s financial aid in light of special circumstances. Administrators can make cost-of-living adjustments, for instance, and update a family’s income."

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.

Publication Date: 10/30/2023