"Over half of all financial aid professionals are likely to seek employment in a new sector within the next year, according to a new report from the College and University Professional Association for Human Resources and the National Association of Student Financial Aid Advisors (NASFAA)," Inside Higher Ed reports.

... "The report found the most common reason for wanting to change jobs was 'pay and workforce flexibility.'"

"'If we’ve learned anything from this last year, it’s just how critical financial aid administrators are to ensuring students can access postsecondary education,' NASFAA president Justin Draeger wrote in a statement. 'It’s equally vital they are recognized and fairly compensated for that work.'"

... "But burnout has been on the rise in the financial aid community for years now, and colleges have been struggling to overcome staffing shortages because of it. In 2022 another survey from NASFAA found that 80 percent of institutions were concerned about their financial aid offices’ ability to remain “administratively capable” due to high turnover."

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: 5/9/2024