Business Best Practices for Your Financial Aid Office
At the core of any financial aid office's mission is one essential service: providing students with the information and tools they need to make informed decisions about their financial options. Students need information on budgeting, creditworthiness, loan repayment options and their future financial goals. But, like so many departments at institutions of higher learning, financial aid offices have limited resources and staff. They must do more with less to accomplish their mission.
Given these competing challenges, this report contains some helpful best practices in establishing a financial education program for your school. You’ll read about examples gathered by the Financial Education Advisory Committee (FEAC) for your benefit and replication as appropriate. This report, in tandem with FEAC’s companion reports on social media and student engagement, will equip you with both tried-and-true and hot-off-the-presses ideas to build and grow your program.