Cost of Compliance With Aid Rules Hurts Students, Survey Asserts

February 8, 2011

College financial aid offices are so pinched by the costs of complying with federal regulations that they are shortchanging students as a result, aid directors said in a survey by their national group. The survey by the National Association of Student Financial Aid Administrators found that 90 percent of campus financial aid officers "reported having fewer resources to dedicate to critical student services that promote college access, success, and successful student loan repayment," and that most respondents cited the increased demands of complying with federal rules as a primary cause of the dearth of resources.

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