Different Sort of Search for Financial Aid Group

April 9, 2010

Never let it be said that the National Association of Student Financial Aid Administrators fails to learn from its mistakes. The group's tightly controlled and secretive search for a president in 2007 resulted in the hiring of Philip R. Day Jr., who resigned less than two years later amid a scandal that was well under way at the time he was hired. The failed process resulted in significant second-guessing.

The search to replace Day has been conducted much more openly, and the association on Thursday announced three semi-finalists, two from within the organization (Joan Crissman, the interim president, and Justin Draeger, the vice president for public policy and advocacy) and one from outside, Michael Angulo, executive director and CEO of the New Jersey Higher Education Student Assistance Authority. Angulo headed the New Jersey agency at a time when it was reviewed by federal and state investigators for payments it received from lenders. This time around, though, NASFAA officials say they are fully aware of the since-resolved allegations and are confident that they pose no problems for the association.

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