I just completed two months of pretty intensive new hire financial aid training, and in retrospect, I have several items I am very grateful for. Training people who are new to the financial aid world always reminds me of some of the funny quirks in our profession.
- I am grateful for CPS, in spite of their little idiosyncrasies like reject codes and pushed ISIRs. Thanks to them, I don’t have to hand calc EFCs.
- I am grateful for people who know the difference between NASFAA, RMASFAA, UASFAA, and the FAFSA (and who can pronounce them all correctly). By the way, do you know what ‘TMA’ stands for? Too many acronyms.
- I am grateful for software providers who allow loan fees with three decimal points.
- I am grateful for skip logic on the FAFSA.
- I am grateful that Financial Awareness Counseling is no longer the first option listed on studentloans.gov.
- I am grateful for servicers who can explain the differences between Income-Based Repayment, Income-Contingent Repayment, Income-Sensitive Repayment, and the Pay As You Earn Repayment Plan.
- I am grateful for the 60% point of every semester.
Submitted by Art Young, RMASFAA President-Elect